M.H. Franco Wong

University of Toronto - Rotman School of Management

Professor of Accounting

105 St. George Street

Toronto, Ontario M5S 3E6

Canada

http://www.rotman.utoronto.ca/FacultyAndResearch/Faculty/FacultyBios/Wong.aspx

SCHOLARLY PAPERS

25

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15,326

CITATIONS
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Top 3,190

in Total Papers Citations

173

Scholarly Papers (25)

1.

The Eyeballs Have it: Searching for the Value in Internet Stocks

Number of pages: 38 Posted: 15 Feb 2000
Brett Trueman, M.H. Franco Wong and Xiao-Jun Zhang
University of California, Los Angeles (UCLA) - Anderson School of Management, University of Toronto - Rotman School of Management and University of California, Berkeley - Accounting Group
Downloads 4,578 (1,673)
Citation 70

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2.

Back to Basics: Forecasting the Revenues of Internet Firms

Number of pages: 37 Posted: 29 May 2000
Brett Trueman, M.H. Franco Wong and Xiao-Jun Zhang
University of California, Los Angeles (UCLA) - Anderson School of Management, University of Toronto - Rotman School of Management and University of California, Berkeley - Accounting Group
Downloads 2,205 (5,913)
Citation 31

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Employee Stock Options, Equity Valuation, and the Valuation of Option Grants Using a Warrant-Pricing Model

Number of pages: 51 Posted: 21 May 2004
M.H. Franco Wong and Feng Li
University of Toronto - Rotman School of Management and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 1,353 (13,018)
Citation 7

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Employee stock options, warrant-pricing model, equity valuation

Employee Stock Options, Equity Valuation, and the Valuation of Option Grants Using a Warrant-Pricing Model

Journal of Accounting Research, Vol. 43, pp. 97-131, March 2005
Number of pages: 35 Posted: 08 May 2006
M.H. Franco Wong
University of Toronto - Rotman School of Management
Downloads 19 (533,504)
Citation 6
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Employee Stock Options, Equity Valuation, and the Valuation of Option Grants Using a Warrant-Pricing Model

Journal of Accounting Research, Vol. 43, No. 1, pp. 97-131, March 2005
Posted: 31 Mar 2005
M.H. Franco Wong and Feng Li
University of Toronto - Rotman School of Management and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University

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Anomalous Stock Returns Around Internet Firms' Earnings Announcements

JAE Boston Conference June 2001
Number of pages: 41 Posted: 28 Apr 2001
Brett Trueman, M.H. Franco Wong and Xiao-Jun Zhang
University of California, Los Angeles (UCLA) - Anderson School of Management, University of Toronto - Rotman School of Management and University of California, Berkeley - Accounting Group
Downloads 1,092 (18,111)
Citation 18

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Anomalous Stock Returns Around Internet Firms' Earnings Announcements

Journal of Accounting and Economics, Vol. 34, Nos. 1-3, pp. 249-271, January 2003
Posted: 05 Feb 2003
Brett Trueman, M.H. Franco Wong and Xiao-Jun Zhang
University of California, Los Angeles (UCLA) - Anderson School of Management, University of Toronto - Rotman School of Management and University of California, Berkeley - Accounting Group

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capital market, internet, stock returns, earnings announcement, price pressure

5.

Foreign Exchange Sensitivity-Analysis Disclosures and Market-Based Risk Measures

Number of pages: 46 Posted: 22 Jan 2004
Visarut Sribunnak and M.H. Franco Wong
Chulalongkorn University and University of Toronto - Rotman School of Management
Downloads 1,008 (20,806)
Citation 1

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Derivative financial instruments, SEC market risk disclosures, sensitivity analysis, foreign exchange risk, exchange rate exposure, stock return volatility

6.

Earnings Management and its Pricing Implications: Evidence from Banks' Adjustments to the Valuation Allowance for Deferred Tax Assets Under SFAS 109

Number of pages: 35 Posted: 17 Jul 2000
Catherine M. Schrand and M.H. Franco Wong
University of Pennsylvania - Accounting Department and University of Toronto - Rotman School of Management
Downloads 871 (25,740)
Citation 8

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Analyst Interest as an Early Indicator of Firm Fundamental Changes and Stock Returns

The Accounting Review: May 2015, Vol. 90, No. 3, pp. 1049-1078.
Number of pages: 49 Posted: 05 May 2012 Last Revised: 25 Jul 2017
Michael J. Jung, M.H. Franco Wong and Frank Zhang
University of Michigan, Stephen M. Ross School of Business, University of Toronto - Rotman School of Management and Yale School of Management
Downloads 509 (52,196)

Abstract:

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analyst interest, firm fundamentals, analyst coverage, institutional ownership, trading volume, stock returns

Analyst Interest as an Early Indicator of Firm Fundamental Changes and Stock Returns

The Accounting Review: May 2015, Vol. 90, No. 3, pp. 1049-1078.
Number of pages: 49 Posted: 14 Aug 2014 Last Revised: 25 Jul 2017
Michael J. Jung, M.H. Franco Wong and Frank Zhang
University of Michigan, Stephen M. Ross School of Business, University of Toronto - Rotman School of Management and Yale School of Management
Downloads 257 (115,519)

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analyst interest, firm fundamentals, analyst coverage, institutional ownership, trading volume, stock returns

Accounting Adjustments and the Valuation of Financial Statement Note Information in 10-K Filings

Accounting Review, Forthcoming
Number of pages: 46 Posted: 07 Mar 2011
Gus De Franco, M.H. Franco Wong and Yibin Zhou
Tulane University - A.B. Freeman School of Business, University of Toronto - Rotman School of Management and University of Texas at Dallas - School of Management
Downloads 372 (76,603)
Citation 5

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Accounting adjustments, financial statement note, 10-K filings, equity analysts, target price estimates

Accounting Adjustments and the Valuation of Financial Statement Note Information in 10-K Filings

Number of pages: 47 Posted: 17 Mar 2010
Gus De Franco, M.H. Franco Wong and Yibin Zhou
Tulane University - A.B. Freeman School of Business, University of Toronto - Rotman School of Management and University of Texas at Dallas - School of Management
Downloads 228 (130,554)
Citation 5

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Accounting adjustments, financial statement note information, 10-K filings, equity analysts, target price estimates

9.

CEO Optimism, Analyst Rationality, and Earnings Forecast Bias

Number of pages: 43 Posted: 30 Sep 2005 Last Revised: 10 Dec 2009
M.H. Franco Wong and Frank Zhang
University of Toronto - Rotman School of Management and Yale School of Management
Downloads 581 (44,634)

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Managerial optimism, analyst forecast, rationality

Buy-Side Analysts and Earnings Conference Calls

Journal of Accounting Research, June 2018, Vol. 56, Issue 3, pp. 913-952.
Number of pages: 55 Posted: 24 Feb 2016 Last Revised: 26 May 2018
Michael J. Jung, M.H. Franco Wong and Frank Zhang
University of Michigan, Stephen M. Ross School of Business, University of Toronto - Rotman School of Management and Yale School of Management
Downloads 390 (72,450)

Abstract:

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Buy-side analysts, institutional investors, sell-side analysts, earnings conference calls

Buy-Side Analysts and Earnings Conference Calls

Journal of Accounting Research, June 2018, Vol. 56, Issue 3, pp. 913-952.
Number of pages: 55 Posted: 27 Jul 2017 Last Revised: 26 May 2018
Michael J. Jung, M.H. Franco Wong and Frank Zhang
University of Michigan, Stephen M. Ross School of Business, University of Toronto - Rotman School of Management and Yale School of Management
Downloads 99 (262,905)

Abstract:

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Buy-side analysts, institutional investors, sell-side analysts, earnings conference calls

Buy‐Side Analysts and Earnings Conference Calls

Journal of Accounting Research, Vol. 56, No. 3, 2018
Posted: 15 Aug 2018
Michael J. Jung, M.H. Franco Wong and Frank Zhang
University of Michigan, Stephen M. Ross School of Business, University of Toronto - Rotman School of Management and Yale School of Management

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Buy-Side Analysts, Institutional Investors, Sell-Side Analysts, Earnings Conference Calls

11.

Analyst Following Along the Supply Chain and Forecast Accuracy

Number of pages: 47 Posted: 06 Mar 2011
Yuyan Guan, M.H. Franco Wong and Yue Zhang
City University of Hong Kong - College of Business, University of Toronto - Rotman School of Management and Lingnan University
Downloads 406 (69,797)

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Supply chain, Information transfers, Analyst following, Forecast revisions, Forecast accuracy

12.

Initial Coin Offerings, Blockchain Technology, and White Paper Disclosures

Number of pages: 51 Posted: 12 Oct 2018 Last Revised: 09 May 2019
Chen Feng, Nan Li, M.H. Franco Wong and Mingyue Zhang
University of British Columbia (UBC) - Faculty of Applied Science, University of Toronto - Rotman School of Management, University of Toronto - Rotman School of Management and University of Toronto - Rotman School of Management
Downloads 351 (82,691)

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Initial Coin Offerings, Blockchain, Distributed Ledger, Smart Contract, Cryptocurrency, Digital Tokens, White Paper, Disclosures, Securities Regulation

13.

Conflict-of-Interest Reforms and Investment Bank Analysts’ Research Biases

Journal of Accounting, Auditing and Finance, Forthcoming
Number of pages: 49 Posted: 06 Aug 2010
Yuyan Guan, Hai Lu and M.H. Franco Wong
City University of Hong Kong - College of Business, University of Toronto - Rotman School of Management and University of Toronto - Rotman School of Management
Downloads 298 (99,139)
Citation 1

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Analysts, Regulation, Conflict-of-interest, Global Settlement, Investment bank, Analyst bias

14.

Analyst Following Along the Supply Chain

INSEAD Working Paper No. 2014/21/ACC
Number of pages: 45 Posted: 18 Mar 2014
Yuyan Guan, M.H. Franco Wong and Yue Zhang
City University of Hong Kong - College of Business, University of Toronto - Rotman School of Management and Lingnan University
Downloads 192 (154,152)
Citation 2

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Supply Chain, Information Transfers, Analyst Following, Forecast Revisions, Forecast Accuracy

15.

Conflict-of-Interest Reforms and Brain Drain in Investment Banks

Number of pages: 44 Posted: 21 Sep 2010
Yuyan Guan, Hai Lu and M.H. Franco Wong
City University of Hong Kong - College of Business, University of Toronto - Rotman School of Management and University of Toronto - Rotman School of Management
Downloads 155 (185,922)
Citation 4

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Securities analysts, Analyst turnover, Brain Drain, Conflict of interest regulations, Global Settlement, Sarbanes-Oxley Act, Government policy and regulation, Investment banks

16.

The Effect of Financial Reporting Quality on Corporate Investment Efficiency: Evidence from the Adoption of SFAS No. 123R

Forthcoming in Management Science
Number of pages: 47 Posted: 04 Jan 2011 Last Revised: 02 Feb 2018
Yiwei Dou, M.H. Franco Wong and Baohua Xin
New York University (NYU) - Department of Accounting, University of Toronto - Rotman School of Management and University of Toronto - Rotman School of Management
Downloads 138 (204,497)

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Recognition; Disclosure; Reliability; Financial reporting quality; Corporate investment; Accounting regulation; Employee stock options

17.

Regulations and Brain Drain: Evidence From Wall Street Star Analysts’ Career Choices

Management Science, Forthcoming, Singapore Management University School of Accountancy Research Paper Series Vol. 6, No. 3 Paper No 2018-86
Number of pages: 52 Posted: 22 Sep 2018
Yuyan Guan, Congcong Li, Hai Lu and M.H. Franco Wong
City University of Hong Kong - College of Business, Singapore Management University - School of Accountancy, University of Toronto - Rotman School of Management and University of Toronto - Rotman School of Management
Downloads 118 (232,261)

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Analysts, Turnover, Brain Drain, The Global Settlement, Policy and Regulations, Investment Banks

18.

Estimating Exchange Rate Exposures: Some "Weighty" Issues

NBER Working Paper No. w7497
Number of pages: 46 Posted: 28 Apr 2000 Last Revised: 14 Oct 2010
Gordon M. Bodnar and M.H. Franco Wong
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS) and University of Toronto - Rotman School of Management
Downloads 82 (294,086)
Citation 26

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19.

Regulations and Brain Drain: Evidence from Wall Street Star Analysts’ Career Choices - Online Appendix

Management Science, Forthcoming.
Number of pages: 25 Posted: 08 Oct 2018
Yuyan Guan, Congcong Li, Hai Lu and M.H. Franco Wong
City University of Hong Kong - College of Business, Singapore Management University - School of Accountancy, University of Toronto - Rotman School of Management and University of Toronto - Rotman School of Management
Downloads 24 (487,483)

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analysts, turnover, brain drain, the Global Settlement, policy and regulations, investment banks

20.

Employee Stock Options, Eps Dilution, and Stock Repurchases

Journal of Accounting & Economics, Vol. 36, No. 1-3, pp. 51-90, December 2003
Posted: 28 Nov 2003
INSEAD, University of Michigan, Stephen M. Ross School of Business, The University of Chicago - Booth School of Business and University of Toronto - Rotman School of Management

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earnings dilution, earnings management, earnings-per-share (EPS), employee stock options, stock buybacks, stock repurchases

21.

Earnings Management Using the Valuation Allowance for Deferred Tax Assets Under SFAS 109

Contemporary Accounting Research, Vol. 20, No. 3, Fall 2003
Posted: 22 Jul 2003
Catherine M. Schrand and M.H. Franco Wong
University of Pennsylvania - Accounting Department and University of Toronto - Rotman School of Management

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Earnings management, deferred taxes, discretion, banks

22.

Estimating Exchange Rate Exposures: Issues in Model Structure

Financial Management, Vol. 32, No. 1, Spring 2003
Posted: 23 Jun 2003
Gordon M. Bodnar and M.H. Franco Wong
Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS) and University of Toronto - Rotman School of Management

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23.

The Association between SFAS No. 119 Derivatives Disclosures and the Foreign Exchange Risk Exposure of Manufacturing Firms

Journal of Accounting Research, Vol. 38, No. 2, Autumn 2000
Posted: 08 Jan 2001
M.H. Franco Wong
University of Toronto - Rotman School of Management

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SFAS No. 119, Accounting Disclosures, Notional Amount, Fair Value, Foreign Exchange Risk Exposure, Foreign Exchange Derivatives

24.

The Usefulness of SFAS 119 Derivatives Disclosures for Assessing the Foreign Exchange Risk Exposure of Manufacturing Firms

Posted: 01 Sep 1997
M.H. Franco Wong
University of Toronto - Rotman School of Management

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25.

The Usefulness of Sfas 119 Disclosures About Derivatives Risk: the Case of Foreign Exchange Derivatives

Posted: 09 Sep 1996
M.H. Franco Wong
University of Toronto - Rotman School of Management

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