Faculty Profiles - HSU Charles Youyang | The Hong Kong University of Science and Technology

Charles Youyang HSU
許尤洋

PhD in Accounting
Purdue University, 2004

Chair Professor
Department of Accounting

(852) 2358 7568
achsu@ust.hk
Room LSK6022
Personal Web

Google Scholar

duxstioAAAAJ

ORCID

0000-0002-4476-864X

Scopus ID

24722492000

Research Interest Publications Projects Teaching Assignment RPG Supervision Space used

Research Interest

Financial analysts
Disclosure
Managerial behavior
Corporate governance
Capital markets

Publications

All Years 26 2024 1 2023 4 2022 2 2021 3 2020 0 2019 1 2018 15

2024 1

Options trading and firm investment efficiency

Journal of Business Finance and Accounting, January 2024
Hsu, Charles Youyang; Ke, Junqiang; Ma, Zhiming; Ruan, Lufei
Article

2023 4

Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes?

Journal of Financial and Quantitative Analysis, v. 58, (2), March 2023, p. 711-745
Hsu, Charles Youyang; Li, Xi; Ma, Zhiming; Phillips, Gordon M.
Article

Disciplining Poorly-Performing CEOs Under the Shadow of Air Pollution. 2023 CUHK-Shenzhen Forum of Asian Accounting Scholars.

Hsu, Charles Youyang; Tang, Di; Wu, Chaopeng
Conference paper

Does Asset Redeployability Influence Voluntary Disclosure? A Bank Monitoring Hypothesis

Hsu, Charles Youyang; Zhu, Ruichao
Conference paper

Product Market Competition, Short-term Performance, and Management Earnings Forecasts

Chen, Zhihong; Hsu, Charles; Zhu, Ruichao
Conference paper

2022 2

Does product similarity of audit clients influence audit efficiency and pricing decisions?

Journal of Business Finance & Accounting, v. 49, (5-6), May 2022, p. 807-840
Chang, Hsihui; Hsu, Charles Youyang; Ma, Zhiming
Article

Non-GAAP earnings and stock price crash risk

Journal of Accounting and Economics, v. 73, (2-3), April 2022, article number 101473
Hsu, Charles Youyang; Wang, Rencheng; Whipple, Benjamin C.
Article

2021 3

Bundled Earnings Guidance and Analysts' Forecast Revisions

Contemporary Accounting Research, v. 38, (4), December 2021, p. 3146-3181
Hsu, Charles Youyang; Wang, Rencheng
Article

Does voluntary balance sheet disclosure mitigate post-earnings-announcement drift?

Journal of Accounting and Public Policy, v. 40, (2), March 2021, article number 106821
Hsu, Charles Youyang; Jin, Qinglu; Ma, Zhiming; Zhou, Jing
Article

The Role of Social Media in Corporate Governance

Accounting Review, v. 96, (2), March 2021, p. 1-32
Ang, James S.; Hsu, Charles Youyang; Tang, Di; Wu, Chaopeng
Article

2019 1

Non-GAAP Reporting and Stock Price Crash Risk

Hsu, Charles Youyang; Wang, Rencheng; Whipple, Ben
Conference paper

2018 1

The Effect of Stock Liquidity on Corporate Risk-Taking

Journal of Accounting, Auditing & Finance, 29 September 2018, p. 1-29
Hsu, Charles Youyang
Article

2017 2

Does Accounting Conservatism Mitigate the Shortcomings of CEO Overconfidence?

Accounting Review, v. 92, (6), November 2017, p. 77-101
Hsu, Charles Youyang; Novoselov, Kirill E.; Wang, Rencheng
Article

Forecasting Ability, Firm Welfare and Managerial Skill

Hilary, Gilles; Hsu, Charles Youyang; Wang, Rencheng
Conference paper

2016 1

The Bright Side of Managerial Over-optimism

Journal of Accounting and Economics, v. 62, (1), August 2016, p. 46-64
Hilary, Gilles; Hsu, Charles Y; Segal, Benjamin; Wang, Rencheng
Article

2015 1

Accounting Conservatism and Street Earnings

Review of Accounting Studies, v. 20, (2), June 2015, p. 674-709
Heflin, Frank; Hsu, Charles Y.; Jin, Qinglu
Article

2014 3

Management Forecast Consistency

Journal of Accounting Research, v. 52, (1), March 2014, p. 163-191
Hilary, Gilles; Hsu, Charles; Wang, Rencheng
Article

The efficiency of earnings forecast pricing

Journal of Accounting and Public Policy, v. 33, (5), 2014, p. 490-509
Hsu, Charles; Jin, Qinglu
Article

Two Wrongs Make a Right: When Consistency Trumps Accuracy in Forecasting

Finance and Accounting Memos, v. 1, (1), 2014, p. 52-56
Hilary, Gilles; Hsu, Charles
Article

2013 2

Analyst Forecast Consistency

Journal of Finance, v. 68, (1), February 2013, p. 271-297
Hilary, Gilles; Hsu, Charles Y.
Article

Analyst Forecasts: It Pays to Be Off!

Journal of Investment Management, v. 11, (4), August 2013, p. 58-72
Hilary, Gilles; Hsu, Charles
Article

2012 1

Accounting Conservatism and Street Earnings

American Accounting Association Annual Meeting, Washington, DC, USA, 4-8 Aug 2012
Heflin, Frank; Hsu, Charles Y.; Jin, Qinglu
Conference paper

2011 2

Endogenous overconfidence in managerial forecasts

Journal of accounting & economics, v. 51, (3), 2011, Apr, p. 300-313
Hilary, Gilles; Hsu, Charles
Article

The Market Pricing of Special Items that are Included in versus Excluded from Street Earnings

Contemporary accounting research, v. 28, (3), 2011, Fall, p. 990-1017
Hsu, Charles; Kross, William
Article

2008 1

The impact of the SEC's regulation of non-GAAP disclosures

Journal of accounting & economics, v. 46, (2-3), 2008, DEC, p. 349-365
Heflin, Frank; Hsu, Charles
Article

2006 1

The Impact of the SEC's Regulation of Non-GAAP Disclosures

2006 American Accounting Association Annual Conference, Washington, DC
Heflin, Frank; Hsu, Charles
Conference paper

Article 1

Options trading and firm investment efficiency

Journal of Business Finance and Accounting, January 2024
Hsu, Charles Youyang; Ke, Junqiang; Ma, Zhiming; Ruan, Lufei

Article 1

Does Industry Competition Influence Analyst Coverage Decisions and Career Outcomes?

Journal of Financial and Quantitative Analysis, v. 58, (2), March 2023, p. 711-745
Hsu, Charles Youyang; Li, Xi; Ma, Zhiming; Phillips, Gordon M.

Conference paper 3

Disciplining Poorly-Performing CEOs Under the Shadow of Air Pollution. 2023 CUHK-Shenzhen Forum of Asian Accounting Scholars.

Hsu, Charles Youyang; Tang, Di; Wu, Chaopeng

Does Asset Redeployability Influence Voluntary Disclosure? A Bank Monitoring Hypothesis

Hsu, Charles Youyang; Zhu, Ruichao

Product Market Competition, Short-term Performance, and Management Earnings Forecasts

Chen, Zhihong; Hsu, Charles; Zhu, Ruichao

Article 2

Does product similarity of audit clients influence audit efficiency and pricing decisions?

Journal of Business Finance & Accounting, v. 49, (5-6), May 2022, p. 807-840
Chang, Hsihui; Hsu, Charles Youyang; Ma, Zhiming

Non-GAAP earnings and stock price crash risk

Journal of Accounting and Economics, v. 73, (2-3), April 2022, article number 101473
Hsu, Charles Youyang; Wang, Rencheng; Whipple, Benjamin C.

Article 3

Bundled Earnings Guidance and Analysts' Forecast Revisions

Contemporary Accounting Research, v. 38, (4), December 2021, p. 3146-3181
Hsu, Charles Youyang; Wang, Rencheng

Does voluntary balance sheet disclosure mitigate post-earnings-announcement drift?

Journal of Accounting and Public Policy, v. 40, (2), March 2021, article number 106821
Hsu, Charles Youyang; Jin, Qinglu; Ma, Zhiming; Zhou, Jing

The Role of Social Media in Corporate Governance

Accounting Review, v. 96, (2), March 2021, p. 1-32
Ang, James S.; Hsu, Charles Youyang; Tang, Di; Wu, Chaopeng

Conference paper 1

Non-GAAP Reporting and Stock Price Crash Risk

Hsu, Charles Youyang; Wang, Rencheng; Whipple, Ben

Article 1

The Effect of Stock Liquidity on Corporate Risk-Taking

Journal of Accounting, Auditing & Finance, 29 September 2018, p. 1-29
Hsu, Charles Youyang

Article 1

Does Accounting Conservatism Mitigate the Shortcomings of CEO Overconfidence?

Accounting Review, v. 92, (6), November 2017, p. 77-101
Hsu, Charles Youyang; Novoselov, Kirill E.; Wang, Rencheng

Conference paper 1

Forecasting Ability, Firm Welfare and Managerial Skill

Hilary, Gilles; Hsu, Charles Youyang; Wang, Rencheng

Article 1

The Bright Side of Managerial Over-optimism

Journal of Accounting and Economics, v. 62, (1), August 2016, p. 46-64
Hilary, Gilles; Hsu, Charles Y; Segal, Benjamin; Wang, Rencheng

Article 1

Accounting Conservatism and Street Earnings

Review of Accounting Studies, v. 20, (2), June 2015, p. 674-709
Heflin, Frank; Hsu, Charles Y.; Jin, Qinglu

Article 3

Management Forecast Consistency

Journal of Accounting Research, v. 52, (1), March 2014, p. 163-191
Hilary, Gilles; Hsu, Charles; Wang, Rencheng

The efficiency of earnings forecast pricing

Journal of Accounting and Public Policy, v. 33, (5), 2014, p. 490-509
Hsu, Charles; Jin, Qinglu

Two Wrongs Make a Right: When Consistency Trumps Accuracy in Forecasting

Finance and Accounting Memos, v. 1, (1), 2014, p. 52-56
Hilary, Gilles; Hsu, Charles

Article 2

Analyst Forecast Consistency

Journal of Finance, v. 68, (1), February 2013, p. 271-297
Hilary, Gilles; Hsu, Charles Y.

Analyst Forecasts: It Pays to Be Off!

Journal of Investment Management, v. 11, (4), August 2013, p. 58-72
Hilary, Gilles; Hsu, Charles

Conference paper 1

Accounting Conservatism and Street Earnings

American Accounting Association Annual Meeting, Washington, DC, USA, 4-8 Aug 2012
Heflin, Frank; Hsu, Charles Y.; Jin, Qinglu

Article 2

Endogenous overconfidence in managerial forecasts

Journal of accounting & economics, v. 51, (3), 2011, Apr, p. 300-313
Hilary, Gilles; Hsu, Charles

The Market Pricing of Special Items that are Included in versus Excluded from Street Earnings

Contemporary accounting research, v. 28, (3), 2011, Fall, p. 990-1017
Hsu, Charles; Kross, William

Article 1

The impact of the SEC's regulation of non-GAAP disclosures

Journal of accounting & economics, v. 46, (2-3), 2008, DEC, p. 349-365
Heflin, Frank; Hsu, Charles

Conference paper 1

The Impact of the SEC's Regulation of Non-GAAP Disclosures

2006 American Accounting Association Annual Conference, Washington, DC
Heflin, Frank; Hsu, Charles

2018 1

The Effect of Stock Liquidity on Corporate Risk-Taking

Journal of Accounting, Auditing & Finance, 29 September 2018, p. 1-29
Hsu, Charles Youyang
Article

2017 2

Does Accounting Conservatism Mitigate the Shortcomings of CEO Overconfidence?

Accounting Review, v. 92, (6), November 2017, p. 77-101
Hsu, Charles Youyang; Novoselov, Kirill E.; Wang, Rencheng
Article

Forecasting Ability, Firm Welfare and Managerial Skill

Hilary, Gilles; Hsu, Charles Youyang; Wang, Rencheng
Conference paper

2016 1

The Bright Side of Managerial Over-optimism

Journal of Accounting and Economics, v. 62, (1), August 2016, p. 46-64
Hilary, Gilles; Hsu, Charles Y; Segal, Benjamin; Wang, Rencheng
Article

2015 1

Accounting Conservatism and Street Earnings

Review of Accounting Studies, v. 20, (2), June 2015, p. 674-709
Heflin, Frank; Hsu, Charles Y.; Jin, Qinglu
Article

2014 3

Management Forecast Consistency

Journal of Accounting Research, v. 52, (1), March 2014, p. 163-191
Hilary, Gilles; Hsu, Charles; Wang, Rencheng
Article

The efficiency of earnings forecast pricing

Journal of Accounting and Public Policy, v. 33, (5), 2014, p. 490-509
Hsu, Charles; Jin, Qinglu
Article

Two Wrongs Make a Right: When Consistency Trumps Accuracy in Forecasting

Finance and Accounting Memos, v. 1, (1), 2014, p. 52-56
Hilary, Gilles; Hsu, Charles
Article

2013 2

Analyst Forecast Consistency

Journal of Finance, v. 68, (1), February 2013, p. 271-297
Hilary, Gilles; Hsu, Charles Y.
Article

Analyst Forecasts: It Pays to Be Off!

Journal of Investment Management, v. 11, (4), August 2013, p. 58-72
Hilary, Gilles; Hsu, Charles
Article

2012 1

Accounting Conservatism and Street Earnings

American Accounting Association Annual Meeting, Washington, DC, USA, 4-8 Aug 2012
Heflin, Frank; Hsu, Charles Y.; Jin, Qinglu
Conference paper

2011 2

Endogenous overconfidence in managerial forecasts

Journal of accounting & economics, v. 51, (3), 2011, Apr, p. 300-313
Hilary, Gilles; Hsu, Charles
Article

The Market Pricing of Special Items that are Included in versus Excluded from Street Earnings

Contemporary accounting research, v. 28, (3), 2011, Fall, p. 990-1017
Hsu, Charles; Kross, William
Article

2008 1

The impact of the SEC's regulation of non-GAAP disclosures

Journal of accounting & economics, v. 46, (2-3), 2008, DEC, p. 349-365
Heflin, Frank; Hsu, Charles
Article

2006 1

The Impact of the SEC's Regulation of Non-GAAP Disclosures

2006 American Accounting Association Annual Conference, Washington, DC
Heflin, Frank; Hsu, Charles
Conference paper

No Publications

Teaching Assignment

2024-25 Fall 1 2023-24 Summer 0 2023-24 Spring 2 2023-24 Winter 0 2023-24 Fall 1 2022-23 Summer 1

ACCT5100

Financial Accounting Foundations

ACCT5140	Financial Statement Analysis
ACCT7720	Doctoral Seminar - Research in Managerial Accounting, Auditing and Governance

DBAP5110

Frontiers in Accounting Research

SBMT5720

MBA Accelerator - Accounting

No Teaching Assignments

Research Postgraduate (RPG) Supervision

From January 2021 to December 2024 (As of 21 November 2024)

Graduated RPGs

Doctor of Philosophy

XIAO, Han
Accounting( Completed in 2024 )
ZHU, Ruichao
Accounting( Completed in 2024 )

Projects

From January 2022 to December 2024

All Projects 1

No Projects.
Motivating Innovation with Non-GAAP Performance Measures

以非公認會計準則的績效指標激勵創新 Leading

RGC - General Research Fund
Project Team (HKUST)
HSU Charles Youyang (Lead)
2022 -

Research Interest

Publications

2024 1

2023 4

2022 2

2021 3

2019 1

2018 1

2017 2

2016 1

2015 1

2014 3

2013 2

2012 1

2011 2

2008 1

2006 1

Article 1

Article 1

Conference paper 3

Article 2

Article 3

Conference paper 1

Article 1

Article 1

Conference paper 1

Article 1

Article 1

Article 3

Article 2

Conference paper 1

Article 2

Article 1

Conference paper 1

2018 1

2017 2

2016 1

2015 1

2014 3

2013 2

2012 1

2011 2

2008 1

2006 1

Teaching Assignment

Research Postgraduate (RPG) Supervision

From January 2021 to December 2024 (As of 21 November 2024)

Graduated RPGs

Projects

From January 2022 to December 2024

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