Zhihong Chen

Hong Kong University of Science and Technology

Associate Professor

Clear Water Bay

Kowloon

Hong Kong

Hong Kong

SCHOLARLY PAPERS

15

DOWNLOADS
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SSRN RANKINGS

Top 6,025

in Total Papers Downloads

9,120

SSRN CITATIONS
Rank 6,736

SSRN RANKINGS

Top 6,736

in Total Papers Citations

106

CROSSREF CITATIONS

94

Scholarly Papers (15)

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 3,683 (3,550)
Citation 57

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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 1,259 (20,247)
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 868 (34,639)
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 771 (40,783)
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 Technological University and National University of Singapore
Downloads 734 (43,591)
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 423 (87,133)
Citation 7

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

7.

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: 10 May 2013
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 377 (99,514)
Citation 6

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

8.

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 295 (130,202)
Citation 10

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

9.

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 194 (195,801)
Citation 2

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

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 185 (204,361)

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

11.

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 Technological University and National University of Singapore
Downloads 137 (262,474)

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

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 Technological University and National University of Singapore
Downloads 102 (324,349)
Citation 1

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

13.

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 67 (419,648)

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

14.

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 Wuhan University
Downloads 25 (606,395)

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

15.

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

Abstract:

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

Other Papers (1)

Total Downloads: 0
1.

Accounting Restatements and Corporate Cash Policy

Posted: 18 Apr 2015 Last Revised: 01 May 2015
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