Guochang Zhang

University of Hong Kong

Professor

KK Leung Building

Faculty of Business and Economics

Hong Kong

SCHOLARLY PAPERS

20

DOWNLOADS
Rank 2,197

SSRN RANKINGS

Top 2,197

in Total Papers Downloads

14,895

CITATIONS
Rank 12,785

SSRN RANKINGS

Top 12,785

in Total Papers Citations

41

Scholarly Papers (20)

Accounting Information, Capital Investment Decisions, and Equity Valuation: Theory and Empirical Implications

Journal of Accounting Research, Vol. 38, No. 2, pp. 271-295, Autumn 2000
Number of pages: 39 Posted: 19 Mar 2001
Guochang Zhang
University of Hong Kong
Downloads 4,527 (1,716)
Citation 59

Abstract:

Loading...

Earnings, book value, equity valuation, real options, accounting conservatism

Abstract:

Loading...

How Do Accounting Variables Explain Stock Price Movements? Theory and Evidence

Number of pages: 46 Posted: 10 Jul 2006
Peter F. Chen and Guochang Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Hong Kong
Downloads 1,727 (8,908)

Abstract:

Loading...

Stock return, Accounting variables, Earnings yield, Profitability (ROE), Capital investment, Growth opportunity

How Do Accounting Variables Explain Stock Price Movements? Theory and Evidence

Journal of Accounting and Economics, 2007, HKUST Business School Research Paper No. 07-02
Number of pages: 48 Posted: 03 Apr 2007
Peter F. Chen and Guochang Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Hong Kong
Downloads 1,362 (13,050)
Citation 30

Abstract:

Loading...

Stock return, Accounting variables, Earnings yield, Profitability (ROE), Capital investment, Growth opportunity

3.

The Roles of Earnings and Book Value in Equity Valuation: A Real Options Based Analysis

Number of pages: 45 Posted: 30 May 2002
Peter F. Chen and Guochang Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Hong Kong
Downloads 1,683 (9,463)
Citation 5

Abstract:

Loading...

equity valuation, earnings, book value, real options, profitability, growth opportunity

4.

When Capital Follows Profitability: Non-Linear Residual Income Dynamics

Review of Accounting Studies, June/September 2001
Number of pages: 75 Posted: 27 Dec 2000
Gary C. Biddle, Peter F. Chen and Guochang Zhang
University of Melbourne - Faculty of Business and Economics, Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Hong Kong
Downloads 1,407 (12,644)
Citation 26

Abstract:

Loading...

Residual Income, Valuation, Linear Information Dynamics, Investment Dynamics, Non-linear Residual Income Dynamics

5.

Profitability, Earnings and Book Value in Equity Valuation: A Geometric View and Empirical Evidence

Hong Kong University of Science and Technology Working Paper
Number of pages: 61 Posted: 30 Sep 2003
Peter F. Chen and Guochang Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Hong Kong
Downloads 1,032 (20,274)
Citation 6

Abstract:

Loading...

geometry of equity valuation, equity value, profitability, book value, earnings, growth opportunity

6.

Heterogeneous Investment Opportunities in Multiple-Segment Firms and the Incremental Value Relevance of Segment Accounting Data

Number of pages: 51 Posted: 16 Feb 2001
Peter F. Chen and Guochang Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Hong Kong
Downloads 754 (31,807)
Citation 28

Abstract:

Loading...

Segment data; Incremental value relevance; Real options; Convexity of valuation function; Divergence of segment profitability

Segment Profitability, Misvaluation, and Corporate Divestment

Number of pages: 64 Posted: 09 Aug 2006
Peter F. Chen and Guochang Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Hong Kong
Downloads 406 (69,923)

Abstract:

Loading...

Segment profitability, segment earnings manipulation, segment reporting, misvaluation, corporate divestment

Segment Profitability, Misvaluation, and Corporate Divestment

Accounting Review, Vol. 82, No. 1, pp. 1-26, 2007, HKUST Business School Research Paper No. 07-07
Number of pages: 39 Posted: 03 Apr 2007
Peter F. Chen and Guochang Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Hong Kong
Downloads 291 (102,236)
Citation 9

Abstract:

Loading...

Segment Profitability, Segment Earnings Manipulation, Misvaluation, Corporate divestment

8.

The Contagion Effect of Low-Quality Audits along Individual Auditors

Number of pages: 55 Posted: 13 Aug 2014 Last Revised: 14 Jul 2015
Liuchuang Li, Baolei Qi, Gaoliang Tian and Guochang Zhang
Xi'an Jiaotong University (XJTU), Xi'an Jiaotong University (XJTU) - School of Management, Xi'an Jiaotong University (XJTU) and University of Hong Kong
Downloads 588 (44,457)
Citation 16

Abstract:

Loading...

contagion effect; individual auditors; audit failures; audit quality; auditor characteristics

9.

Accounting Standards, Cost of Capital, Resource Allocation, and Welfare in a Large Economy

Forthcoming in The Accounting Review (2013)
Number of pages: 55 Posted: 10 Dec 2012
Guochang Zhang
University of Hong Kong
Downloads 422 (67,266)
Citation 12

Abstract:

Loading...

accounting standards, resource allocation, investment hurdle rates, cost of capital, welfare

10.

Enforceability of Non-Compete Covenants, Discretionary Investments, and Financial Reporting Practices: Evidence from a Natural Experiment

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 50 Posted: 20 Jul 2017
Tai-Yuan CHEN, Guochang Zhang and Yi Zhou
Department of Accounting, HKUST Business School, Hong Kong University of Science & Technology, University of Hong Kong and Fudan University
Downloads 204 (147,037)
Citation 3

Abstract:

Loading...

Contract enforceability; Non-compete covenants; Discretionary investment; Financial reporting

11.

Accruals Quality and Cost of Capital: Evidence from Chinese Stock Market

Number of pages: 45 Posted: 23 Dec 2015 Last Revised: 05 Apr 2019
Philip Keejae Hong, Tao Ma and Guochang Zhang
Central Michigan University, Texas Tech University and University of Hong Kong
Downloads 184 (161,701)
Citation 1

Abstract:

Loading...

Accruals Quality, Cost of Equity, Investor Informedness, Domestic and Foreign Investors, Chinese Stock Market

12.
Downloads 164 (178,982)
Citation 1

Abstract:

Loading...

Earnings Beta, Market Beta, Capital Budgeting, Investment Hurdle Rate, Cost of Capital, Capital Asset Pricing Model (CAPM)

13.

The Scale and Scope of the Client Portfolio and Audit Pricing at the Individual Auditor Level: Evidence from China

Number of pages: 57 Posted: 29 Jun 2017
Juan Mao, Baolei Qi and Guochang Zhang
University of Texas at San Antonio - Department of Accounting, Xi'an Jiaotong University (XJTU) - School of Management and University of Hong Kong
Downloads 95 (270,528)

Abstract:

Loading...

audit pricing, individual auditor, client portfolio, scale, industry scope

14.

The Importance of Social Capital to Individual Auditors

Number of pages: 56 Posted: 22 Apr 2019
Jeffrey Pittman, Baolei Qi and Guochang Zhang
Memorial University of Newfoundland (MNU) - Faculty of Business Administration, Xi'an Jiaotong University (XJTU) - School of Management and University of Hong Kong
Downloads 49 (386,400)

Abstract:

Loading...

individual auditors, social capital, alumni network, audit quality, client acquisition, career path

15.

The Market's Valuation of Fraudulently Reported Earnings

Journal of Business Finance & Accounting, Vol. 41, Issue 5-6, pp. 627-651, 2014
Number of pages: 25 Posted: 26 Jul 2014
Kai Wai Hui, Clive S. Lennox and Guochang Zhang
The University of Hong Kong (HKU) - Department of Accounting, University of Southern California and University of Hong Kong
Downloads 0 (660,893)
Citation 4
  • Add to Cart

Abstract:

Loading...

accounting fraud, market valuation, earnings coefficient

16.

Investment Growth and the Relation Between Equity Value, Earnings, and Equity Book Value

Accounting Review, Vol. 86, No. 2, 2011
Posted: 20 Mar 2011 Last Revised: 08 Dec 2012
Shengquan Hao, Qinglu Jin and Guochang Zhang
Shanghai Jiao Tong University (SJTU), Shanghai University of Finance and Economics and University of Hong Kong

Abstract:

Loading...

investment growth, equity valuation, earnings, equity book value, profitability, conservatism

17.

Relative Firm Profitability and Stock Return Sensitivity to Industry-Level News

Accounting Review, Vol. 86, No. 4, 2011
Posted: 20 Mar 2011
Shengquan Hao, Qinglu Jin and Guochang Zhang
Shanghai Jiao Tong University (SJTU), Shanghai University of Finance and Economics and University of Hong Kong

Abstract:

Loading...

relative profitability, industry-level news, return sensitivity, industry beta

18.

Heterogeneous Investment Opportunities in Multiple-Segment Firms and the Incremental Value Relevance of Segment Accounting Data

The Accounting Review, April 2003
Posted: 21 Jan 2003
Peter F. Chen and Guochang Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of Hong Kong

Abstract:

Loading...

segment accounting data, incremental value relevance, real options, divergence of profitability, segment growth opportunity

19.

Private Information Production, Public Dislcosure, and the Cost of Capital: Theory and Implications

Contemporary Accounting Research, Forthcoming
Posted: 14 Apr 2001
Guochang Zhang
University of Hong Kong

Abstract:

Loading...

private information production, public disclosure, cost of capital

Abstract:

Loading...