Selected Research Grant

Strategic Research Grants

  • Political Corruption and Stakeholder Vaule Maximization: Evidence from Mergers and Acquisitions, HK$100,000, 2017-2018, Y X Yu and L Lu.
  • Does Transparency Lead to Less Manipulation? Evidence from the Mutual Fund Industry, HK$100,000, 2017-2018, X Xin.
  • How Do Entrepreneurial Firms Disclose Risk: Evidence from the OTC Market, HK$100,000, 2017-2018, A Zhang.
  • The Effect and Channel of Institutional Ownership on Audit Quality, HK$90,000, 2016-2017, W Chen.
  • Societal Trust and Management Forecasts: International Evidence, HK$99,450, 2016-2017, Y Y Guan and X G Xin.
  • XBRL Mandate and Institutional Investors' Investment Preferences at the State Level, HK$100,000, 2016-2017, B Li and Z B Liu.
  • Professor Directors and Corporate Innovations, HK$100,000, 2016-2017, P Mo, Y M Gao and D Tsang.
  • Manager Sentiment and Corporate Financial Reporting and Disclosure, HK$98,000, 2016-2017, H B Wu and W Chen.
  • Do University Professors in the Boardroom Enhance Corporate Tax Compliance?, HK$100,000, 2015-2016, P Mo and Y Gao.
  • Foreign Institutional Investors and Auditor Choice: International Evidence, HK$100,000, 2015-2016, X Xin.
  • Analyst Converage and Stock Price Crash Risk: Evidence from Natural Experiments, HK$100,000, 2015-2016, Y Yu and J-B Kim.
  • Does Corporate Social Responsibility Disseminate Along the Supply Chain? A Study of U.S. Firms, HK$100,000, 2015-2016, Y Zhang, Y Lu and S Radhakrishnan.
  • The Effect of Regulatory Oversight and Local Knowledge on Audit Quality, HK$100,000, 2014-2015, P Mo and R Wong.
  • TMT Characteristics and Earnings Management, HK$100,000, 2014-2015, S Tsui.
  • The Impact of Major Customers' Income Smoothing on a Firm's Bank Loan Contracting, HK$100,000, 2014-2015, Z Wang and J B Kim.
  • Externality Effect of Cross-listings on Information Environment, HK$100,000, 2014-2015, X Xin.
  • The Impact of State Ownership and Board Effectiveness on Corporate Tax Aggressiveness, HK$100,000, 2013-2014, P Mo.
  • The Effects of Accelerated 8-K Filing on Price Informativeness, HK$100,000, 2013-2014, S Leung, Z H Chen and B Srinidhi.
  • Media Ownership and Stock Price Crashes: An International Study, HK$100,000, 2013-2014, H Zhang and J B Kim.
  • School Ties and Audit Quality, HK$100,000, 2013-2014, Y Y Guan and Z F Yang.
  • Media Coverage, Firm-specific Information, and Crash Risk in China, HK$79,238, 2012-2013, H Zhang and J B Kim.
  • The Dark Side of Overconfident CEOs: Do They Adversely Affect the Performance of their Suppliers?, HK$79,238, 2012-2013, Z Wang, J B Kim and L Zhang. 
  • Director Non-attendance, Board Actions and Firm Performance, HK$79,238, 2012-2013, J Nowland.
  • Switching to Mainland Auditors and Mainland Accounting/ Auditing Standards by Hong Kong Listed H-share Companies: Impacts on Accounting Quality, Value Relevance of Accounting Information, Market Liquidity and Stock Price Synchronicity, HK$180,000, 2012-2014, S Leung.
  • Enforcement of Insider Trading Laws and Managerial Risk-Taking Incentives, HK$172,120, 2012-2014, Y Kusnadi.
  • Media Coverage, Accounting Transparency, and Institutional Development, HK$171,275, 2012-2014, H Zhang and B Srinidhi.
  • Political Geography and Bank Loans, HK$132,384, 2012-2013, F Kim and C Pantzalis.
  • Does the Independence of Corporate Boards and Committees Improve Firm Performance: An Analysis of Family and Non-Family Firms, HK$180,000, 2011-2013, S Leung and B Jaggi.
  • Analyst Coverage and CEO Compensation, HK$123,916, 2010-2012, Y Y Guan, J Callen and Y B Zhou.
  • Components of Equity Value and Returns, and Shareholders’ Real Options, HK$99,998, 2010-2012, B C Sohn and Lee-seok Hwang.
  • How do Firms Issue Shares? Evidence from around the World, HK$120,235, 2010-12, T Y Zhang, D Mclean and M Zhao.
  • Insider Trading in Hong Kong: Tests of Stock Returns, HK$124,416, 2010-2012, T Y Leung and T W Cheng.
  • Ownership Structure, Institutional Development, and Political Extraction: Evidence and Implications from China, HK$123,080, 2010-2012, Y Kusnadi and Z F Yang.
  • The Effects of Political Rent-seeking on Audit Quality: Evidence from Family-owned Firms in China, HK$, 2010-2012, HK$124,410, H Zhang and T Y Zhang.
  • The Value Implications of Indirect Access to Political Power, HK$124,416, 2010-2012, F Kim and T Y Leung.
  • Cross-Listings and the Investment-Stock Price Sensitivity, HK$133,225, 2009-2011, Y Kusnadi.
  • Family Control, Board Monitoring and the Effects of Mandatory IFRS Reporting: Evidence of Accounting Quality and Economic Consequences, HK$179,580, 2009-2011, S Leung and G Clinch.
  • Investor Protection, Political Connection, and Audit Quality: Investigation of Non-State-Owned Firms in China, HK$125,922, 2009-2010, H Zhang and T Y Zhang.
  • Political Connection and Corporate Liquidity Policy: Evidence from Around the World, HK$175,620, 2009-2010, Y Kusnadi.
  • The Effect of a Regulatory Increase in Minority Shareholders' Control in Corporate Decision Making on Firm Value, HK$133,300, 2009-2011, Z F Yang, Z H Chen and B Ke.
  • The Impact of Corporate Governance Monitoring Mechanisms and Tax Complexity on Corporate Tax Aggressiveness: Empirical Evidence from Australia and Hong Kong, HK$176,853, 2009-2011, G A Richardson and S Leung.
  • Analyst Forecast Inefficiency in Reaction to Earnings News: Cognitive Bias vs. Economic Incentives, HK$170,168, 2008-2010, F Kim and S Lee.
  • Corporate Governance and Accounting Conservatism - Evidence from the Impact of the Anti-takeover Legislation, HK$120,470, 2008-2010, Y Y Guan.
  • Politically Connected Firms, Legal Enforcement, and Analyst Forecast Attributes around the World, HK$82,286, 2008, F Kim, C Chen and Y Ding.
  • Annual Report Disclosure: Manipulative Silence, HK$100,000, 2007-2009, J K Courtis, S Leung and L Parker. (converted to CERG on 30 Jun 2007).
  • Analysis of the Use of Non-cash Compensation in Settings with Agency Problems, HK$64,664, 2007-2010, P Adithipyangkul
  • Effect of Privatization on Firm Performance, Accounting Information Quality and Auditors' Sensitivity to Firm-level Risks, HK$1,394, 2007-2008, C Chen, X Su and J Du. (converted to CERG 30 Jun 2007)
  • Interaction between Corporate Governance, Voluntary Disclosure and Earnings Quality: Evidence from Hong Kong Listed Firms, HK$33,201, 2007-2009, S Leung, G Lobo and B Srinidhi.
  • IPO Regulation and Deregulation in China and Their Implications for Stock Market Development, HK$178,480, 2007-2010, Z F Yang, J Kao and D Wu
  • Time-specific Measure: A Better Representative of Accruals?, HK$96,771, 2007-2010, B C Sohn and L S Hwang.
  • Capital Adequacy Ratios and the Use of Loan Loss Provisions to Manage Reported Capital in India and China, HK$73,669, 2006-2008, S Lynn, X Su, G Lobo and W G Zhang.
  • Determinants and Effects of Obfuscation As Impression Management: Hong Kong Evidence, HK$239,239, 2006-2008, J K Courtis and S Leung.
  • Do Firms with Private Debt Pay a Price to Manage Earnings?, HK$256,157, 2006-2009, F Kim, C Chen, P Y Low and J Weintrop.
  • Does Long Audit Tenure Always Result in Higher Audit Quality? An Examination of the Differential Effects of Audit Tenure on Audit Quality, HK$226,367, 2006-2009, S Leung, F A Gul and B Srinidhi.
  • Double Signals or Single Signal? An Investigation of Insider Trading Around Share Repurchases, HK$155,558, 2006-2009, T Y Leung, C Chen and M Firth.
  • Rent Seeking Incentives, Political Connections, and Organizational Structure: Empirical Evidence from Family Firms in China, HK$113,210, 2006-2009, X Su, C Chen and Z Q Li.
  • An Empirical Test on the Effect of CPA Firm Rotation Versus Auditor Rotation: Evidence from China, HK$101,074, 2005-2008, X Su, C Chen and Y G Chen.
  • Effect of Delegation of Control Rights on the Relationship between Top Executive Replacement Decision and Financial Accounting Information, HK$263,680, 2005-2008, C Chen, X Su and Z Q Li.
  • Investor Judgment Biases and Stock Returns, HK$93,509, 2005-2006, F Kim and J Doukas.
  • The Impact of Enhanced Corporate Governance on Firm Performance and Voluntary Corporate Disclosures: Evidence from Hong Kong after the East Asian Financial Crisis, HK$212,836, 2005-2008, S Leung and B Jaggi.
  • The Influence of Big Four Auditor Services on the Adoption of Various Corporate Governance Mechanisms in Chinese Listed State-owned Enterprises, HK$138,016, 2005-2006, N O'Connor, X Su and W G Zhang.
  • The Performance Effects and Factors behind the Adoption of Formal Incentive Systems in a Chinese Enterprise, HK$179,621, 2004-2006, N O'Connor, J Deng and M Shields.
  • Corporate Governance and the Banking Sector in Taiwan, HK$141,485, 2003-2007, T Shieh, S Lynn and C C Liu.
  • Do Board Ownership, Composition and Financial Transparency Really Matter? Hong Kong Firms During the Asian Financial Crisis, HK$177,891, 2002-2005, S Leung and B Horwitz.
  • Incentives for and Consequences of Voluntary Asset Write-downs in China, HK$220,112, 2002-2006, C Chen , X Su, S Chen and W G Zhang.
  • The Performance Effects and Factors behind the Adoption of Formal Incentive Systems in Chinese State-owned Enterprises, HK$202,756, 2002-2005, N O'Connor and J Deng.
  • Corporate Governance, Government Intervention and Performance of Chinese State Owned Enterprises, HK$246,720, 2000-2005, C Chen, J Tsui, X Su and D Zhuang.