Department of Accountancy | Staff List

Prof. ZHENG Liu (鄭柳教授)

PhD - Accounting (University of Southern California)
BA - Accounting (Shanghai University of Finance and Economics)

Associate Professor

Contact Information

E-mail:
Address:	13-240, Lau Ming Wai Academic Building City University of Hong Kong
Phone:	+852 34427928
Fax:	+852 34420349
liuzheng@cityu.edu.hk
Personal Web:
https://www.cb.cityu.edu.hk/profile/liuzheng
Public CV:	Download

Research Areas

Financial Reporting and Capital Markets
Managerial Compensation
Corporate Governance

Liu Zheng is an Associate Professor at City University of Hong Kong. Prior to joining City University of Hong Kong, she was an Assistant Professor at the University of Hong Kong. She obtained her Ph.D. in Accounting from University of Southern California. Dr. Zheng’ s primary research interests are in financial reporting and capital market regulations. She is also interested in corporate governance, organizational incentive systems and CEO compensation. Her publications have appeared in Accounting, Organizations and Society and Journal of Accounting and Economics. Her teaching interests include both financial accounting and managerial accounting.

Teaching Areas

Financial Accounting, Managerial Accounting

Selected Publications

Journal Publications and Reviews
Fu, Siwen; Wang, Ke; Zhang, Liandong; Zheng, Liu / Bogging down investors: An unintended consequence of litigation risk. March 2025; In: Contemporary Accounting Research. Yang, Jingyu; Yu, Yangxin; Zheng, Liu / The Impact of Shareholder Litigation Risk on Equity Incentives: Evidence from a Quasi-Natural Experiment. November 2021; In: The Accounting Review. Vol. 96, No. 6, pp. 427–449 Guan, Yuyan; Zhang, Liandong; Zheng, Liu; Zou, Hong / Managerial liability and corporate innovation: Evidence from a legal shock. August 2021; In: Journal of Corporate Finance. Vol. 69 朱茶芬; 陈俊; 郑柳 / 大股东减持计划新规的经济影响与新交易模式研究. June 2021; In: 会计研究. No. 6, pp. 104-118 He, Xianjie; Rui, Oliver; Zheng, Liu; Zhu, Hongjun / Foreign ownership and auditor choice. July 2014; In: Journal of Accounting and Public Policy. Vol. 33, No. 4, pp. 401-418 Chang, Eric C.; Xu, Jianguo; Zheng, Liu / Short sale constraints, heterogeneous interpretations, and asymmetric price reactions to earnings announcements. November 2013; In: Journal of Accounting and Public Policy. Vol. 32, No. 6, pp. 435-455 Kim, Jeong-Bon; Liu, Xiaohong; Zheng, Liu / The impact of mandatory IFRS adoption on audit fees: Theory and evidence. November 2012; In: Accounting Review. Vol. 87, No. 6, pp. 2061-2094 Zheng, Liu; Zhou, Xianming / Executive Stock Options and Manipulated Stock-Price Performance. September 2012; In: International Review of Finance. Vol. 12, No. 3, pp. 249-281 Xie, Yuying; ZHENG, Liu; Lau, H.L. Amy / Reporting incentives for accounting conservatism, evidence from asset and equity tunneling. 2012; In: Pacific Accounting Review. Vol. 24, No. 2, pp. 138 - 160 Zhang, Huai; Zheng, Liu / The valuation impact of reconciling pro forma earnings to GAAP earnings. February 2011; In: Journal of Accounting and Economics. Vol. 51, No. 1-2, pp. 186-202 Merchant, Kenneth A; Van Der Stede, Wim A; Zheng, Liu / Disciplinary constraints on the advancement of knowledge: The case of organizational incentive systems. February 2003; In: Accounting, Organizations and Society. Vol. 28, No. 2-3, pp. 251-286

Journal Publications and Reviews

Fu, Siwen; Wang, Ke; Zhang, Liandong; Zheng, Liu / Bogging down investors: An unintended consequence of litigation risk. March 2025; In: Contemporary Accounting Research.
Yang, Jingyu; Yu, Yangxin; Zheng, Liu / The Impact of Shareholder Litigation Risk on Equity Incentives: Evidence from a Quasi-Natural Experiment. November 2021; In: The Accounting Review. Vol. 96, No. 6, pp. 427–449
Guan, Yuyan; Zhang, Liandong; Zheng, Liu; Zou, Hong / Managerial liability and corporate innovation: Evidence from a legal shock. August 2021; In: Journal of Corporate Finance. Vol. 69
朱茶芬; 陈俊; 郑柳 / 大股东减持计划新规的经济影响与新交易模式研究. June 2021; In: 会计研究. No. 6, pp. 104-118
He, Xianjie; Rui, Oliver; Zheng, Liu; Zhu, Hongjun / Foreign ownership and auditor choice. July 2014; In: Journal of Accounting and Public Policy. Vol. 33, No. 4, pp. 401-418
Chang, Eric C.; Xu, Jianguo; Zheng, Liu / Short sale constraints, heterogeneous interpretations, and asymmetric price reactions to earnings announcements. November 2013; In: Journal of Accounting and Public Policy. Vol. 32, No. 6, pp. 435-455
Kim, Jeong-Bon; Liu, Xiaohong; Zheng, Liu / The impact of mandatory IFRS adoption on audit fees: Theory and evidence. November 2012; In: Accounting Review. Vol. 87, No. 6, pp. 2061-2094
Zheng, Liu; Zhou, Xianming / Executive Stock Options and Manipulated Stock-Price Performance. September 2012; In: International Review of Finance. Vol. 12, No. 3, pp. 249-281
Xie, Yuying; ZHENG, Liu; Lau, H.L. Amy / Reporting incentives for accounting conservatism, evidence from asset and equity tunneling. 2012; In: Pacific Accounting Review. Vol. 24, No. 2, pp. 138 - 160
Zhang, Huai; Zheng, Liu / The valuation impact of reconciling pro forma earnings to GAAP earnings. February 2011; In: Journal of Accounting and Economics. Vol. 51, No. 1-2, pp. 186-202
Merchant, Kenneth A; Van Der Stede, Wim A; Zheng, Liu / Disciplinary constraints on the advancement of knowledge: The case of organizational incentive systems. February 2003; In: Accounting, Organizations and Society. Vol. 28, No. 2-3, pp. 251-286

Conference Papers
Zheng, Liu; Yang, Jingyu; Yu, Yangxin / The Impact of Shareholder Litigation Risk On Equity Incentives: Evidence From A Natural Experiment. July 2019; 2019 Accounting and Finance Association of Australia and New Zealand Conference (AFAANZ 2019), 07/07/2019 - 09/07/2019, Brisbane, Australia. Yang, Jingyu; Yu, Yangxin; Zheng, Liu / The Impact of Shareholder Litigation Risk on Equity Incentives: Evidence from a Natural Experiment. June 2018; 30th AsianFA Annual Meeting, 25/06/2018 - 27/06/2018, Tokyo, Japan. Zhang, Liandong; Zheng, Liu / The Real Effects of Derivative Markets: The Impact of Options Trading Activity on Corporate Innovation. April 2014; Tsinghua University Workshop Series , 17/04/2014 - 17/04/2014, Beijing, China. KIM, Jeong Bon; Liu, X; Zheng, Liu / Does Mandatory IFRS Adoption Impact Audit Fees? Theory and Evidence. August 2011; 2011 American Accounting Association Annual Meeting, 06/08/2011 - 10/08/2011, Denver, United States.

Conference Papers

Zheng, Liu; Yang, Jingyu; Yu, Yangxin / The Impact of Shareholder Litigation Risk On Equity Incentives: Evidence From A Natural Experiment. July 2019; 2019 Accounting and Finance Association of Australia and New Zealand Conference (AFAANZ 2019), 07/07/2019 - 09/07/2019, Brisbane, Australia.
Yang, Jingyu; Yu, Yangxin; Zheng, Liu / The Impact of Shareholder Litigation Risk on Equity Incentives: Evidence from a Natural Experiment. June 2018; 30th AsianFA Annual Meeting, 25/06/2018 - 27/06/2018, Tokyo, Japan.
Zhang, Liandong; Zheng, Liu / The Real Effects of Derivative Markets: The Impact of Options Trading Activity on Corporate Innovation. April 2014; Tsinghua University Workshop Series , 17/04/2014 - 17/04/2014, Beijing, China.
KIM, Jeong Bon; Liu, X; Zheng, Liu / Does Mandatory IFRS Adoption Impact Audit Fees? Theory and Evidence. August 2011; 2011 American Accounting Association Annual Meeting, 06/08/2011 - 10/08/2011, Denver, United States.