Zhihong Chen

Hong Kong University of Science and Technology

Associate Professor

Clear Water Bay

Kowloon

Hong Kong

Hong Kong

SCHOLARLY PAPERS

19

DOWNLOADS
Rank 7,837

SSRN RANKINGS

Top 7,837

in Total Papers Downloads

10,779

SSRN CITATIONS
Rank 5,514

SSRN RANKINGS

Top 5,514

in Total Papers Citations

231

CROSSREF CITATIONS

96

Scholarly Papers (19)

1.

Disclosure, Corporate Governance, and the Cost of Equity Capital: Evidence from Asia's Emerging Markets

Number of pages: 44 Posted: 03 Aug 2003
Kevin C. W. Chen, K.C. John Wei and Zhihong Chen
Hong Kong University of Science and Technology, Hong Kong Polytechnic University and Hong Kong University of Science and Technology
Downloads 3,923 (5,193)
Citation 68

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corporate governance, Cost of capital, Disclosure, Investor protection

2.

Agency Costs of Free Cash Flow and the Effect of Shareholder Rights on the Implied Cost of Equity Capital

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 69 Posted: 09 Apr 2009
Kevin C. W. Chen, Zhihong Chen and K.C. John Wei
Hong Kong University of Science and Technology, Hong Kong University of Science and Technology and Hong Kong Polytechnic University
Downloads 1,307 (29,313)
Citation 6

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Agency costs of free cash flow, Anti-takeover provisions, Shareholder rights, Cost of equity capital, Investment opportunities

3.

Legal Protection of Investors, Corporate Governance, and the Cost of Equity Capital

Journal of Corporate Finance, Forthcoming
Number of pages: 47 Posted: 09 Apr 2009
Kevin C. W. Chen, Zhihong Chen and K.C. John Wei
Hong Kong University of Science and Technology, Hong Kong University of Science and Technology and Hong Kong Polytechnic University
Downloads 965 (45,301)
Citation 46

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governance, Cost of equity, Legal protection of investors

4.

Minority Shareholders’ Control Rights and the Quality of Corporate Decisions in Weak Investor Protection Countries: A Natural Experiment from China

The Accounting Review, Forthcoming
Number of pages: 51 Posted: 08 May 2010 Last Revised: 27 Nov 2012
Zhihong Chen, Bin Ke and Zhifeng Yang
Hong Kong University of Science and Technology, National University of Singapore and Stony Brook University
Downloads 864 (52,759)
Citation 22

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Corporate Governance, Shareholder Democracy, Direct Shareholder Participation, Financing Policy

5.

Are Stock Option Grants to Directors of State-Controlled Chinese Firms Listed in Hong Kong Genuine Compensation?

Accounting Review, Forthcoming
Number of pages: 50 Posted: 24 Aug 2008 Last Revised: 21 Feb 2013
Zhihong Chen, Yuyan Guan and Bin Ke
Hong Kong University of Science and Technology, Nanyang Business School, Nanyang Technological University and National University of Singapore
Downloads 783 (60,271)
Citation 6

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China, shareholder value, stock option compensation, corporate governance, state-controlled firms

6.

Directors’ and Officers’ Liability Insurance and the Cost of Equity Capital

Journal of Accounting & Economics (JAE), Vol. 61, No. 1, 2016
Number of pages: 47 Posted: 12 May 2011 Last Revised: 13 Nov 2017
Zhihong Chen, Oliver Zhen Li and Hong Zou
Hong Kong University of Science and Technology, National University of Singapore (NUS) and The University of Hong Kong - Faculty of Business and Economics
Downloads 512 (103,396)
Citation 7

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legal liabilities, directors' and officers' (D&O) insurance; cost of equity; investor protection

7.

Offshore Activities and Corporate Tax Avoidance

Number of pages: 78 Posted: 30 Nov 2021 Last Revised: 27 Nov 2023
Hong Kong University of Science and Technology, University of Toronto - Rotman School of Management, Wuhan University - School of Economics and Management and Shenzhen Audencia Financial Technology Institute
Downloads 487 (109,839)

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Offshore activities, tax avoidance, uncertainty, flexibility, passing on shocks, tax uncertainty, multinational firms

8.

Executive Pay Disparity and the Cost of Equity Capital

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 62 Posted: 02 Jan 2013 Last Revised: 12 Jan 2022
Zhihong Chen, Yuan Huang and K.C. John Wei
Hong Kong University of Science and Technology, Hong Kong Polytechnic University - School of Accounting and Finance and Hong Kong Polytechnic University
Downloads 420 (130,781)
Citation 15

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executive pay disparity, CEO pay slice, implied cost of capital, succession risk, entrenchment

9.

Regulation Fair Disclosure and the Cost of Equity Capital

Review of Accounting Studies, Forthcoming
Number of pages: 55 Posted: 15 Sep 2006
Dan S. Dhaliwal, Zhihong Chen and Hong Xie
University of Arizona - Department of Accounting (deceased), Hong Kong University of Science and Technology and University of Kentucky - Von Allmen School of Accountancy
Downloads 367 (152,291)
Citation 10

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Cost of Capital, Selective Disclosure, Information Asymmetry, Regulation Fair Disclosure

10.

Litigation Risk and Debt Contracting: Evidence from a Natural Experiment

Journal of Law and Economics, Forthcoming
Number of pages: 49 Posted: 20 May 2020
Zhihong Chen, Ningzhong Li and Jianghua Shen
Hong Kong University of Science and Technology, University of Texas at Dallas and Xiamen University
Downloads 254 (223,796)

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Litigation risk, loan contracts, agency conflicts, Nevada corporate law

11.

The Real Effect of the Initial Enforcement of Insider Trading Laws

Singapore Management University School of Accountancy Research Paper No. 2017-69
Number of pages: 52 Posted: 22 Jul 2014 Last Revised: 14 Nov 2017
Hong Kong University of Science and Technology, Hong Kong Polytechnic University - School of Accounting and Finance, Singapore Management University - School of Accountancy and Hong Kong Polytechnic University
Downloads 231 (245,479)
Citation 7

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Enforcement; Insider trading laws; Capital allocation efficiency; Investment; Transparency; Market frictions

12.

The Economic Consequences of Tightening Insider Trading Regulation: Evidence from Hong Kong

Number of pages: 54 Posted: 31 Aug 2018 Last Revised: 05 Feb 2020
Zhihong Chen, Yuyan Guan and Bin Ke
Hong Kong University of Science and Technology, Nanyang Business School, Nanyang Technological University and National University of Singapore
Downloads 214 (263,954)
Citation 1

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insider trading regulation, blackout window, shareholder value, Hong Kong

13.

Should Regulators Ban Insider Trading? Evidence from Hong Kong

Number of pages: 58 Posted: 21 Jun 2017
Zhihong Chen, Yuyan Guan and Bin Ke
Hong Kong University of Science and Technology, Nanyang Business School, Nanyang Technological University and National University of Singapore
Downloads 171 (322,888)

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Insider Trading Regulation, Blackout Window, Family Firms, Shareholder Value, Hong Kong

14.

Stakeholder Orientation, Agency Problems of Free Cash Flow, and the Cost of Equity: Evidence from a Natural Experiment

Number of pages: 1 Posted: 07 Jul 2020
Zhihong Chen, Sichen Shen and Hong Zou
Hong Kong University of Science and Technology, The University of Hong Kong and The University of Hong Kong - Faculty of Business and Economics
Downloads 135 (391,974)

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CSR, ESG, Stakeholder Orientation, the Cost of Equity, Agency Problems, Free Cash Flow

15.

Restrictions on Managerial Outside Job Opportunities and Corporate Tax Policy: Evidence from a Natural Experiment

Journal of Accounting and Public Policy, Forthcoming
Number of pages: 51 Posted: 20 Jul 2021
Tai-Yuan CHEN, Zhihong Chen and Yongbo Li
Department of Accounting, HKUST Business School, Hong Kong University of Science & Technology, Hong Kong University of Science and Technology and Shenzhen Audencia Financial Technology Institute
Downloads 64 (635,641)

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Inevitable disclosure doctrine; outside job opportunities; tax avoidance; tax risk; firm value

16.

Short-Sale Constraints and Firm Investment Efficiency: Evidence from a Natural Experiment

Journal of Accounting and Public Policy, Forthcoming, HKUST Business School Research Paper No. 2023-139
Number of pages: 55 Posted: 13 Oct 2023 Last Revised: 05 Dec 2023
Zhihong Chen, Siwen Fu and Ke Wang
Hong Kong University of Science and Technology, International Institute of Finance, School of Management, University of Science and Technology of China and University of Alberta - School of Business
Downloads 60 (656,512)

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short-sale constraints, Regulation SHO, investment efficiency, underinvestment, overinvestment

17.

How Do Investors Perceive Corporate General Counsel? The Role of Monitoring and Advising Demand

Journal of Accounting and Public Policy, Forthcoming, 2019 Canadian Academic Accounting Association (CAAA) Annual Conference
Number of pages: 52 Posted: 18 Jan 2019 Last Revised: 09 Jan 2024
Zhihong Chen, Yun Ke and Ke Wang
Hong Kong University of Science and Technology, University of Texas at El Paso - Department of Accounting & Information Systems and University of Alberta - School of Business
Downloads 22 (934,200)

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cost of equity, general counsel, monitoring demand, advising demand

18.

Directors’ and Officers’ Liability Insurance and the Cost of Equity

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 07 May 2015
Zhihong Chen, Oliver Zhen Li and Hong Zou
Hong Kong University of Science and Technology, National University of Singapore (NUS) and The University of Hong Kong - Faculty of Business and Economics

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legal liabilities, directors’ and officers’ (D&O) insurance; cost of equity; investor protection

19.

Accounting Restatements and Corporate Cash Policy

Posted: 18 Apr 2015 Last Revised: 23 Nov 2022
City University of Hong Kong (CityU), Hong Kong University of Science and Technology, University of Arizona - Department of Accounting (deceased) and Hong Kong Polytechnic University - School of Accounting and Finance

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cash policy, financial reporting quality, accounting restatement, read decision

Other Papers (1)

Total Downloads: 58
1.

Does mandatory retrospective hedge effectiveness assessment under ASC 815 provide risk-relevant information?

Accounting Horizons 34(3): 61-85.
Number of pages: 51 Posted: 11 Jan 2011 Last Revised: 05 Jan 2022
Zhihong Chen, Alfred Z. Liu, Gim Seow and Hong Xie
Hong Kong University of Science and Technology, McMaster University, Milgard School of Business, UWT and University of Kentucky - Von Allmen School of Accountancy
Downloads 58

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hedge effectiveness assessment; risk relevance; standard setting; ASC 815; ASU 2017-12