Haifeng YOU
尤海峰
PhD in Accounting
University of California, Berkeley, 2007

Professor
Department of Accounting

Co-Director of Center for Securities Analysis with Financial Technology



(852) 2358 7576
achy@ust.hk
Room LSK6010
Personal Web

---

Google Scholar
j6lfGGMAAAAJ

ORCID
0000-0002-5919-5194

Scopus ID
35099951700




Research Interest Publications Projects Teaching Assignment RPG Supervision Space used




Research Interest

---

Analyst behavior
Fundamental analysis
Security valuation
Market efficiency



Publications

---

All Years 24 2022 0 2021 1 2020 1 2019 0 2018 1 2017 1 2016 20

---

Expand All Collapse All


2021 1

Fundamental Analysis via Machine Learning
The 4th Annual SQA-CFA Society NY Joint Conference Data Science in Finance: Learning from Machine Learning, Virtual; New York, USA, 12 - 13 January 2021
You, Haifeng; Cao, Kai Conference paper

2020 1

Understanding the determinants of analyst target price implied returns
Accounting Review, v. 95, (6), 30 June 2020, p. 125-149
Dechow, Patricia M.; You, Haifeng Article

2018 1

Vertical Competition, Systematic Risk, and Expected Returns
China International Conference in Finance (CICF 2018), Tianjing, China, 10-13 July 2018
She, Guoman; Wei, John; You, Haifeng Conference paper

2017 1

Vertical Competition, Systematic Risk and Cost of Capital
dbAccess Global Quant Conference, Hong Kong, 13-15 November 2017
She, Guoman; You, Haifeng Conference paper

2016 1

Tournament Incentives and Earnings Management
39th European Accounting Association Annual Congress 2016, Maastricht, The Netherlands, May, 2016
Chen, Zhihong; Hui, Kai Wai; You, Haifeng; Zhang, Yao Conference paper

2015 3

Wealth transfers via equity transactions
Journal of Financial Economics, v. 118, (1), October 2015, p. 93-112
Sloan, Richard G.; You, Haifeng Article
What is the value of sell-side analysts? Evidence from coverage initiations and terminations
Journal of Accounting and Economics, v. 60, (2-3), November 2015, p. 141-160
Li, Kevin K.; You, Haifeng Article
Separating the Wheat from the Chaff: Identifying the Signal and Predictable Error Components of Target Price Forecasts
Cambridge Endowment for Research in Finance (CERF) Financial Accounting Symposium 2015, Cambridge, UK, 13-14 March 2015
Dechow, Patricia M.; You, Haifeng Conference paper

2014 2

Valuation-driven profit transfer among corporate segments
Review of Accounting Studies, v. 19, (2), 2014, p. 805-838
You, Haifeng Article
Analyst incentives, forecast bias, and stock returns
2014 China International Conference in Finance, Chengdu, China, 10-13 July 2014
Hui, Kai Wai; Wei, K. C. John; You, Haifeng Conference paper

2013 4

Determinants of Target Price Forecasts and Valuation Errors Made by Analyst
American Accounting Association 2013 Annual Meeting, Anaheim, California, 3-7 August 2013
You, Haifeng; Dechow, Patricia Conference paper
Understanding and Predicting Target Price Valuation Errors
Accounting & Finance Association of Australia and New Zealand 2013 Conference, Perth, Australia, 7-9 July 2013
Dechow, Patricia; You, Haifeng Conference paper
Wealth Transfers via Equity Transactions
MIT Asia Conference in Accounting, Shanghai, China, 13 - 14 July 2013
Sloan, Richard; You, Haifeng Conference paper
Wealth Transfers Via Equity Transactions
Second Annual CQAsia Conference, Hong Kong, 6-7 November 2013
Sloan, Richard; You, Haifeng Conference paper

2012 4

A study of firms surrounding the threshold of Sarbanes-Oxley Section 404 Compliance
Advances in accounting, v. 28, (1), 2012, p. 96-110
Nondorf, M.E.; Singer, Z.; You, H. Article
Analysts' Motives for Rounding EPS Forecasts
The Accounting review, v. 87, (6), November 2012, p. 1939-1966
Dechow, Patricia M.; You, Haifeng Article
Mandatory IFRS Adoption and the Contractual Usefulness of Accounting Information in Executive Compensation
Journal of accounting research, v. 50, (4), September 2012, p. 1077-1107
Ozkan, Neslihan; Singer, Zvi; You, Haifeng Article
What Makes Stock Prices Move? Fundamentals vs. Investor Recognition
The Financial analysts journal, v.68, (2), 2012, p. 30-50
Richardson, Scott; Sloan, Richard; You, Haifeng Article

2011 3

Limited attention and stock price drift following earnings announcements and 10-K filings
China Finance Review International, v. 1, (4), September 2011, p. 358-387
You, Haifeng; Zhang, Xiao-Jun Article
The effect of section 404 of the sarbanes-oxley act on earnings quality
Journal of accounting, auditing & finance, v. 26, (3), 2011, p. 556-589
Singer, Z.; You, H. Article
高管继任、职工薪酬与隐性契约: 基于中国上市公司的经验证据
經濟研究, v.S2, 2011, p. 100-111
陈冬华; 陈富生; 沈永建; 尤海峰 Article

2010 2

The federal deposit insurance corporation improvement act, bank internal controls and financial reporting quality
Journal of accounting & economics, v. 49, (1-2), 2010, FEB, p. 75-83
LaFond, Ryan; You, Haifeng Article
Mandatory IFRS Adoption and the Contractual Usefulness of Accounting Information in Executive Compensation
2011 Financial Accounting and Reporting Section Midyear Meeting, Tampa, Florida, January 27-29, 2011
You, Haifeng; Singer, Zvi; Ozkan, Neslihan Conference paper

2009 1

Financial Reporting Complexity and Investor Underreaction to 10-K Information
Review of Accounting Studies, v. 14, (4), 2009, Dec, p. 559-586
You, Haifeng; Zhang, Xiao Jun Article


Expand All Collapse All


Conference paper 1

Fundamental Analysis via Machine Learning
The 4th Annual SQA-CFA Society NY Joint Conference Data Science in Finance: Learning from Machine Learning, Virtual; New York, USA, 12 - 13 January 2021
You, Haifeng; Cao, Kai


Expand All Collapse All


Article 1

Understanding the determinants of analyst target price implied returns
Accounting Review, v. 95, (6), 30 June 2020, p. 125-149
Dechow, Patricia M.; You, Haifeng


Expand All Collapse All


Conference paper 1

Vertical Competition, Systematic Risk, and Expected Returns
China International Conference in Finance (CICF 2018), Tianjing, China, 10-13 July 2018
She, Guoman; Wei, John; You, Haifeng


Expand All Collapse All


Conference paper 1

Vertical Competition, Systematic Risk and Cost of Capital
dbAccess Global Quant Conference, Hong Kong, 13-15 November 2017
She, Guoman; You, Haifeng


Expand All Collapse All


Conference paper 1

Tournament Incentives and Earnings Management
39th European Accounting Association Annual Congress 2016, Maastricht, The Netherlands, May, 2016
Chen, Zhihong; Hui, Kai Wai; You, Haifeng; Zhang, Yao


Expand All Collapse All


Article 2

Wealth transfers via equity transactions
Journal of Financial Economics, v. 118, (1), October 2015, p. 93-112
Sloan, Richard G.; You, Haifeng
What is the value of sell-side analysts? Evidence from coverage initiations and terminations
Journal of Accounting and Economics, v. 60, (2-3), November 2015, p. 141-160
Li, Kevin K.; You, Haifeng

Conference paper 1

Separating the Wheat from the Chaff: Identifying the Signal and Predictable Error Components of Target Price Forecasts
Cambridge Endowment for Research in Finance (CERF) Financial Accounting Symposium 2015, Cambridge, UK, 13-14 March 2015
Dechow, Patricia M.; You, Haifeng


Expand All Collapse All


Article 1

Valuation-driven profit transfer among corporate segments
Review of Accounting Studies, v. 19, (2), 2014, p. 805-838
You, Haifeng

Conference paper 1

Analyst incentives, forecast bias, and stock returns
2014 China International Conference in Finance, Chengdu, China, 10-13 July 2014
Hui, Kai Wai; Wei, K. C. John; You, Haifeng


Expand All Collapse All


Conference paper 4

Determinants of Target Price Forecasts and Valuation Errors Made by Analyst
American Accounting Association 2013 Annual Meeting, Anaheim, California, 3-7 August 2013
You, Haifeng; Dechow, Patricia
Understanding and Predicting Target Price Valuation Errors
Accounting & Finance Association of Australia and New Zealand 2013 Conference, Perth, Australia, 7-9 July 2013
Dechow, Patricia; You, Haifeng
Wealth Transfers via Equity Transactions
MIT Asia Conference in Accounting, Shanghai, China, 13 - 14 July 2013
Sloan, Richard; You, Haifeng
Wealth Transfers Via Equity Transactions
Second Annual CQAsia Conference, Hong Kong, 6-7 November 2013
Sloan, Richard; You, Haifeng


Expand All Collapse All


Article 4

A study of firms surrounding the threshold of Sarbanes-Oxley Section 404 Compliance
Advances in accounting, v. 28, (1), 2012, p. 96-110
Nondorf, M.E.; Singer, Z.; You, H.
Analysts' Motives for Rounding EPS Forecasts
The Accounting review, v. 87, (6), November 2012, p. 1939-1966
Dechow, Patricia M.; You, Haifeng
Mandatory IFRS Adoption and the Contractual Usefulness of Accounting Information in Executive Compensation
Journal of accounting research, v. 50, (4), September 2012, p. 1077-1107
Ozkan, Neslihan; Singer, Zvi; You, Haifeng
What Makes Stock Prices Move? Fundamentals vs. Investor Recognition
The Financial analysts journal, v.68, (2), 2012, p. 30-50
Richardson, Scott; Sloan, Richard; You, Haifeng


Expand All Collapse All


Article 3

Limited attention and stock price drift following earnings announcements and 10-K filings
China Finance Review International, v. 1, (4), September 2011, p. 358-387
You, Haifeng; Zhang, Xiao-Jun
The effect of section 404 of the sarbanes-oxley act on earnings quality
Journal of accounting, auditing & finance, v. 26, (3), 2011, p. 556-589
Singer, Z.; You, H.
高管继任、职工薪酬与隐性契约: 基于中国上市公司的经验证据
經濟研究, v.S2, 2011, p. 100-111
陈冬华; 陈富生; 沈永建; 尤海峰


Expand All Collapse All


Article 1

The federal deposit insurance corporation improvement act, bank internal controls and financial reporting quality
Journal of accounting & economics, v. 49, (1-2), 2010, FEB, p. 75-83
LaFond, Ryan; You, Haifeng

Conference paper 1

Mandatory IFRS Adoption and the Contractual Usefulness of Accounting Information in Executive Compensation
2011 Financial Accounting and Reporting Section Midyear Meeting, Tampa, Florida, January 27-29, 2011
You, Haifeng; Singer, Zvi; Ozkan, Neslihan


Expand All Collapse All


Article 1

Financial Reporting Complexity and Investor Underreaction to 10-K Information
Review of Accounting Studies, v. 14, (4), 2009, Dec, p. 559-586
You, Haifeng; Zhang, Xiao Jun


Expand All Collapse All


2016 1

Tournament Incentives and Earnings Management
39th European Accounting Association Annual Congress 2016, Maastricht, The Netherlands, May, 2016
Chen, Zhihong; Hui, Kai Wai; You, Haifeng; Zhang, Yao Conference paper

2015 3

Wealth transfers via equity transactions
Journal of Financial Economics, v. 118, (1), October 2015, p. 93-112
Sloan, Richard G.; You, Haifeng Article
What is the value of sell-side analysts? Evidence from coverage initiations and terminations
Journal of Accounting and Economics, v. 60, (2-3), November 2015, p. 141-160
Li, Kevin K.; You, Haifeng Article
Separating the Wheat from the Chaff: Identifying the Signal and Predictable Error Components of Target Price Forecasts
Cambridge Endowment for Research in Finance (CERF) Financial Accounting Symposium 2015, Cambridge, UK, 13-14 March 2015
Dechow, Patricia M.; You, Haifeng Conference paper

2014 2

Valuation-driven profit transfer among corporate segments
Review of Accounting Studies, v. 19, (2), 2014, p. 805-838
You, Haifeng Article
Analyst incentives, forecast bias, and stock returns
2014 China International Conference in Finance, Chengdu, China, 10-13 July 2014
Hui, Kai Wai; Wei, K. C. John; You, Haifeng Conference paper

2013 4

Determinants of Target Price Forecasts and Valuation Errors Made by Analyst
American Accounting Association 2013 Annual Meeting, Anaheim, California, 3-7 August 2013
You, Haifeng; Dechow, Patricia Conference paper
Understanding and Predicting Target Price Valuation Errors
Accounting & Finance Association of Australia and New Zealand 2013 Conference, Perth, Australia, 7-9 July 2013
Dechow, Patricia; You, Haifeng Conference paper
Wealth Transfers via Equity Transactions
MIT Asia Conference in Accounting, Shanghai, China, 13 - 14 July 2013
Sloan, Richard; You, Haifeng Conference paper
Wealth Transfers Via Equity Transactions
Second Annual CQAsia Conference, Hong Kong, 6-7 November 2013
Sloan, Richard; You, Haifeng Conference paper

2012 4

A study of firms surrounding the threshold of Sarbanes-Oxley Section 404 Compliance
Advances in accounting, v. 28, (1), 2012, p. 96-110
Nondorf, M.E.; Singer, Z.; You, H. Article
Analysts' Motives for Rounding EPS Forecasts
The Accounting review, v. 87, (6), November 2012, p. 1939-1966
Dechow, Patricia M.; You, Haifeng Article
Mandatory IFRS Adoption and the Contractual Usefulness of Accounting Information in Executive Compensation
Journal of accounting research, v. 50, (4), September 2012, p. 1077-1107
Ozkan, Neslihan; Singer, Zvi; You, Haifeng Article
What Makes Stock Prices Move? Fundamentals vs. Investor Recognition
The Financial analysts journal, v.68, (2), 2012, p. 30-50
Richardson, Scott; Sloan, Richard; You, Haifeng Article

2011 3

Limited attention and stock price drift following earnings announcements and 10-K filings
China Finance Review International, v. 1, (4), September 2011, p. 358-387
You, Haifeng; Zhang, Xiao-Jun Article
The effect of section 404 of the sarbanes-oxley act on earnings quality
Journal of accounting, auditing & finance, v. 26, (3), 2011, p. 556-589
Singer, Z.; You, H. Article
高管继任、职工薪酬与隐性契约: 基于中国上市公司的经验证据
經濟研究, v.S2, 2011, p. 100-111
陈冬华; 陈富生; 沈永建; 尤海峰 Article

2010 2

The federal deposit insurance corporation improvement act, bank internal controls and financial reporting quality
Journal of accounting & economics, v. 49, (1-2), 2010, FEB, p. 75-83
LaFond, Ryan; You, Haifeng Article
Mandatory IFRS Adoption and the Contractual Usefulness of Accounting Information in Executive Compensation
2011 Financial Accounting and Reporting Section Midyear Meeting, Tampa, Florida, January 27-29, 2011
You, Haifeng; Singer, Zvi; Ozkan, Neslihan Conference paper

2009 1

Financial Reporting Complexity and Investor Underreaction to 10-K Information
Review of Accounting Studies, v. 14, (4), 2009, Dec, p. 559-586
You, Haifeng; Zhang, Xiao Jun Article


No Publications


No Publications






Teaching Assignment

---

2021-22 Winter 0 2021-22 Fall 2 2020-21 Summer 2 2020-21 Spring 2 2020-21 Winter 0 2020-21 Fall 0

---

UROP1100E Undergraduate Research Opportunities Series 1
UROP2100E Undergraduate Research Opportunities Series 2


UROP1000 Undergraduate Research Opportunities
UROP1100D Undergraduate Research Opportunities Series 1


ACCT4720 Equity Investment with Machine Learning
ACCT6900F Equity Investment with Machine Learning


No Teaching Assignments


No Teaching Assignments


No Teaching Assignments






Research Postgraduate (RPG) Supervision From January 2019 to December 2022 (As of 30 January 2022)

---

All Supervisions Current RPGs Graduated RPGs

---

Current RPGs

---

Doctor of Philosophy CAO, Kai
Accounting( 2021 - )

WANG, Haoran (co-supervision)
Financial Technology( 2021 - )

---

Master of Philosophy LIU, Ruoxue (co-supervision)
Data Science and Analytics( 2021 - )

---

Graduated RPGs

---

Doctor of Philosophy XIAO, Kerry
Accounting( Completed in 2020 )









ProjectsFrom January 2020 to December 2022

---

All Projects 3 Leading Projects 2 Participating Projects 1

---

Vertical competition, systematic risk and cost of capital Leading


Central Reserve Fund - School-based Initiatives


Project Team (HKUST)
YOU Haifeng (Lead)


2019 -




Contributing to the Development of Hong Kong into a Global Fintech Hub


促進香港成為全球的金融科技樞紐 Participating


RGC - Theme-based Research Scheme


Project Team (HKUST)
TAM Kar Yan (Lead)
BHATTACHARYA Utpal
CHEN Yanzhen
HUANG Allen Hao
HUI Kai Lung
JAMES Lancelot Fitzgerald
LI Yingying
LING Shiqing
SO Mike Ka Pui
XU Yan
YANG Yi
YEUNG Dit Yan
YOU Haifeng
ZHANG Chu
ZHENG Rong
ZHENG Xinghua


2019 -




The effect of analyst coverage drop on management forecasts


分析師對公司管理層預測的影響 Leading


RGC - General Research Fund


Project Team (HKUST)
YOU Haifeng (Lead)
HSU Charles Youyang


2018 - 2020