People and Research People

People Details

Dr. GUAN Yuyan


Department of Accountancy

Associate Professor

13-223, Lau Ming Wai Academic Building, City University of Hong Kong
+852 34427136
+852 34420349
Public CV

Research Areas

Financial disclosure
Corporate Governance
Insider Trading
Executive Compensation


PhD - Accounting (University of Toronto)
MBA - Investment (University of Miami)
BA - International Finance (Xiamen University)


Dr. Guan's current research focuses on the use of accounting and financial information in the capital market, aiming at deriving empirical implications for investors, accounting practitioners and regulators. Dr. Guan has research work published in Journal of Accounting and Economics, The Accounting Review, Review of Accounting Studies, Contemporary Accounting Research, Journal of Business and Finance, Journal of Accounting and Public Policy, and Journal of Accounting Auditing and Finance, etc.

Research Grants

PI: "Societal Trust and Management Forecasts: International Evidence", Strategic Research Grants (SRG) - City University of Hong Kong, Amount: HK$99,450 (2016-2017), Dr Yuyan Guan and Dr Xiangang Xin

PI: "School Ties and Audit Quality", Strategic Research Grant (SRG) - City University of Hong Kong, Amount: $100,000 (2013-2014), Dr Yuyan Guan and Dr Zhifeng Yang

PI: "Political Connection of Financial Intermediaries and its Economic Consequences -Evidence from Chinese IPO market", General Research Fund (GRF) - Research Grants Council (RGC), Amount: $368,379 (2011-2012), Dr Guan Yuyan, Prof Chen Donghua, Mr Zhao Gang and Dr Zhang Tianyu

PI: "Analyst Coverage and CEO Compensation", Strategic Research Grant (SRG) - City University of Hong Kong, Amount: $123,916 (2010-2012), Dr Yuyan Guan, Prof Jeffrey Callen and Prof Yibin Zhou

co-PI: "Does Insider Trading Regulation Benefit Shareholders: Evidence from Hong Kong", General Research Fund (GRF) - Research Grants Council (RGC), Amount: $197,025 (2010-2011), Dr Zhi Hong Chen, Dr Yuyan Guan and Prof Ke Bin

PI: "The Short-swing Rule and Insider Trading in Hong Kong Listed Firms", General Research Fund (GRF) - Research Grants Council (RGC), Amount: $396,550 (2009-2011), Dr Yuyan Guan, Dr Zhi Hong Chen and Prof Ke Bin

co-PI: "Equity-based compensation of Hong Kong-Listed firms", General Research Fund (GRF) - Research Grants Council (RGC), Amount: $449,828 (2008-2011), Dr Zhi Hong Chen, Dr Yuyan Guan and Prof Ke Bin

PI: "Corporate Governance and Accounting Conservatism", Strategic Research Grant (SRG) - City University of Hong Kong, Amount: HK$120,470 (2008-2010), Dr Yuyan Guan, Prof Jeffrey Callen and Dr Jiaping Qiu

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Administrative Assignments

9/2013 - 8/2020Departmental Staffing CommitteeCommittee
9/2012 - 8/2020College Graduate Studies CommitteeCommittee Member
9/2015 - 8/2017Associate Head of Department of AccountancyAssociate Head
9/2012 - 6/2015MsCPACG programmeDeputy Admission Tutor
9/2011 - 8/2013Department Research CommitteeCommittee member
9/2009 - 8/2011Departmental Learning and Teaching CommitteeCommittee member
9/2008 - 7/2010Qualifying Panel of the Ph.D. student (Wang Ran)Panel member
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Journal Publications and Reviews

Guan, Yuyan; Li, Congcong ; Lu, Hai; Wong, M. H. Franco / Regulations and Brain Drain: Evidence from Wall Street Star Analysts' Career Choices. December 2019; In: Management Science. Vol. 65, No. 12, pp. 5766–5784

Zhang, Yanan; Guan, Yuyan; Kim, Jeong-Bon / XBRL adoption and expected crash risk. February 2019; In: Journal of Accounting and Public Policy. Vol. 38, No. 1, pp. 31-52

CHIU, Tzu-Ting; GUAN, Yuyan; KIM, Jeong-Bon / The Effect of Risk Factor Disclosures on the Pricing of Credit Default Swaps. October 2018; In: Contemporary Accounting Research. Vol. 35, No. 4, pp. 2191-2224

Chen, Donghua; Guan, Yuyan; Zhang, Tianyu; Zhao, Gang / Political connection of financial intermediaries: Evidence from China's IPO market. March 2017; In: Journal of Banking and Finance. Vol. 76, pp. 15-31

Guan, Yuyan; Su, Lixin (Nancy); Wu, Donghui; Yang, Zhifeng / Do school ties between auditors and client executives influence audit outcomes?. April 2016; In: Journal of Accounting and Economics. Vol. 61, No. 2-3, pp. 506-525

Guan, Yuyan; Wong, M. H. Franco; Zhang, Yue / Analyst following along the supply chain. March 2015; In: Review of Accounting Studies. Vol. 20, No. 1, pp. 210-241

Chen, Zhihong; Guan, Yuyan; Ke, Bin / Are stock option grants to directors of state-controlled Chinese firms listed in Hong Kong genuine compensation?. September 2013; In: Accounting Review. Vol. 88, No. 5, pp. 1547-1574

Guan, Yuyan; Lu, Hai; Wong, M. H. Franco / Conflict-of-interest reforms and investment bank analysts' research biases. October 2012; In: Journal of Accounting, Auditing and Finance. Vol. 27, No. 4, pp. 443-470

Chen, Donghua; GUAN, Yuyan; Zhao, Gang; Wu, Feifei / Securities Regulation and Implicit Penalties. June 2011; In: China Journal of Accounting Research. Vol. 4, No. 1-2, pp. 47-62

Guan, Yuyan; Hope, Ole-Kristian; Kang, Tony / Does Similarity of Local GAAP to US GAAP Explain Analysts' Forecast Accuracy?. December 2006; In: Journal of Contemporary Accounting and Economics. Vol. 2, No. 2, pp. 151-169

Conference Papers

Guan, Yuyan; Kim, Jeong-Bon; Xin, Xiangang; Liu, Boluo / Bond Market Transparency and Stock Price Crash Risk: Evidence from a Natural Experiment. May 2019; 42nd Annual Conference of the Canadian Academic Accounting Association (2019 CAAA Annual Conference), 30/05/2019 - 01/06/2019, Ottawa, Canada.

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