Faculty Profiles - CHEN Peter Fusheng | The Hong Kong University of Science and Technology

Peter Fusheng CHEN
陳富生

PhD in Accounting
University of Alberta, 1999

Associate Professor
Department of Accounting

(852) 2358 7572
acpchen@ust.hk
Room LSK6011
Personal Web

Google Scholar

CXLJyvoAAAAJ

ORCID

0000-0003-2780-8838

Scopus ID

25026055000

Research Interest Publications Projects Teaching Assignment RPG Supervision Space used

Research Interest

Accounting information and valuation
Financial reporting

Publications

All Years 30 2024 3 2023 0 2022 0 2021 0 2020 0 2019 0 2018 27

2024 3

The underwriter's conflict of interest and earnings forecast bias in prospectus: Evidence from Hong Kong

Pacific Basin Finance Journal, v. 87, October 2024, article number 102481
Chen, Peter Fusheng; Hou, Qingchuan; Wang, Yihong; Xu, Lifang
Article

Interactive investor platform and corporate violations

Chen, Peter Fusheng; Hou, Qingchuan; Wang, Yihong; Xu, Lifang
Conference paper

2018 1

Regulatory Effects on Analysts' Conflicts of Interest in Corporate Financing Activities: Evidence from NASD Rule 2711

Journal of Corporate Finance, v. 48, February 2018, p. 658-679
Chen, Peter F.; Novoselov, Kirill E.; Wang, Yihong
Article

2016 2

The information role of audit opinions in debt contracting

Journal of Accounting and Economics, v. 61, (1), February 2016, p. 121-144
Chen, Peter Fusheng; He, Shaohua; Ma, Zhiming; Stice, Derrald Earl
Article

Corruption, Independent Audit, and Equity Value

Chen, Peter Fusheng; He, Shaohua; Novoselov, Kirill E.
Conference paper

2015 1

Economic Freedom, Investment Flexibility, and Equity Value: A Cross-Country Study

Accounting Review, v. 90, (5), September 2015, p. 1839-1870
Chen, Chih-ying; Chen, Peter F.; Jin, Qinglu
Article

2013 2

Media Independence and Audit Quality

Chen, Peter Fusheng; He, Shaohua; Ma, Zhiming; Novoselov, Kirill E.
Conference paper

Qualified Audit Opinions and Debt Contracting

He, Shaohua; Stice, Derrald; Chen, Peter Fusheng; Ma, Zhiming
Conference paper

2012 1

Qualified Audit Opinions and Debt Contracting

Brigham Young University Accounting Symposium 2012,Provo, UT, USA, 27-29 Sept 2012
Chen, Peter F.; He, Shaohua; Ma, Zhiming; Stice, Derrald
Conference paper

2011 2

高管继任、职工薪酬与隐性契约: 基于中国上市公司的经验证据

經濟研究, v.S2, 2011, p. 100-111
陈冬华; 陈富生; 沈永建; 尤海峰
Article

The underwriter's conflict of interest and earnings forecast bias in prospectuses: Evidence from Hong Kong

2011 American Accounting Association Annual Meeting, Denver, Colorado, 6-10 Aug 2011
Chen, Peter Fusheng; Hou, Qingchuan
Conference paper

2010 1

Regulatory effects on analysts' independence: Hong Kong versus the US

Asia Business and Management Conference, Osaka, Japan, 2010
Chen, Peter; Wang, Yihng
Conference paper

2009 2

NASD Rule 2711 and Changes in Analysts' Independence in Making Stock Recommendations

ACCOUNTING REVIEW, v. 84, (4), 2009, JUL, p. 1041-1971
Chen, Chih-Ying; Chen, Peter F.
Article

The Underwriter's Conflicts of Interest and Earnings Forecasts in Prospectuses: Evidence from Hong Kong Initial Public Officing

HKUST, Seoul National and SMU Joint Research Symposium 2009, Singapore Management University, Singapore, page 39-61
Chen, Peter; Hou, Qingchuan
Conference paper

2007 2

How do accounting variables explain stock price movements? Theory and evidence

Journal of accounting & economics, v. 43, (2-3), 2007, JUL, p. 219-244
Chen, Peter; Zhang, Guochang
Article

Segment profitability, misvaluation, and corporate divestment

ACCOUNTING REVIEW, v. 82, (1), 2007, JAN, p. 1-26
Chen, Peter F.; Zhang, Guochang
Article

2006 1

How do financial statement data inform investors about the change in equity value? Modelling and empirically testing the relation between operating performance and market performance

IAAER conference on reporting financial performance Research, IAAER conference on reporting financial performance research, March 19-20
Chen, Peter F.; Zhang, Guochang
Conference paper

2005 2

Pyramidal ownership structure and proprietary disclosures: Evidence from segment reporting in Hong Kong

International journal of Business Research, Volume IV, Number 1, pp.85-95
Chen, Peter F.; Zhang, Tianyu
Article

Are analysts' stock recommendations more independent after the implementation of NASD Rule 2711?

2005 Accounting Theory and Practice Conference, National Taiwan University, Taipei, Taiwan, December 1-2, 2005
Chen, Chih-Ying; Chen, Peter F.S.
Conference paper

2004 1

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

2004 Information, Markets, and Organizations (Harvard Business School), June 21- 22
Chen, Peter; Zhang, Guochang
Conference paper

2003 1

Heterogeneous investment opportunities in multiple-segment firms and the incremental value relevance of segment accounting data

ACCOUNTING REVIEW, v. 78, (2), 2003, APR, p. 171-199
Chen, PF; Zhang, GC
Article

2002 1

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

Collected Abstracts of American Accounting Association Annual Meeting, San Antonio, Texas, 14-17 Aug 2002
Chen, Peter; Zhang, Guochang
Conference paper

2001 4

Layoffs, Shareholders' Wealth, and Corporate Performance

Journal of Empirical Finance, 8(2), 171-199
Chen, Peter F.; Mehrotra, Vikas; Sivakumar, Ranjini; Yu, Wayne
Article

When capital follows profitability: Non-linear residual income dynamics

Review of Accounting Studies, v. 6, (2-3), 2001, p. 229-265
Biddle, G.C.; Chen, P.; Zhang, G.
Article

Heterogeneous investment opportunities in multiple-segment firms and the incremental value relevance of segment accounting data

Proceedings of the 2001 Summer Symposium on Accounting Research, Hong Kong, The Hong Kong University of Science and Technology, Hong Kong, 20-22 June 2001, p. 1-50
Chen, Peter F; Zhang, Guochang
Conference paper

When Capital Follows Profitability: Non-linear Residual Income Dynamics

American Accounting Association National Meetings, Atlanta
Biddle, Gary C.; Chen, Peter; Zhang, Guochang
Conference paper

1998 1

The Usefulness of Segment Information in Predicting Divestitures

Collected Abstracts of the Canadian Academic Accounting Association Annual Meeting, 1998
Chen, Peter
Conference paper

1996 1

Regulatory Capital, Tax, and Earnings Management Effects on Loan Loss Accruals in the Canadian Banking Industry

Contemporary Accounting Research, v. 13, (1), 1996, p. 91-128
Chen, Peter F.; Daley, Lane
Article

1995 1

Regulatory Capital, Tax, and Earnings Management Effects on Loan Loss Accruals in the Canadian Banking Industry

The Tenth Contemporary Accounting Research Conference, 1995
Chen, Peter; Lane, Daley
Conference paper

Article 1

The underwriter's conflict of interest and earnings forecast bias in prospectus: Evidence from Hong Kong

Pacific Basin Finance Journal, v. 87, October 2024, article number 102481
Chen, Peter Fusheng; Hou, Qingchuan; Wang, Yihong; Xu, Lifang

Conference paper 2

Interactive investor platform and corporate violations

Chen, Peter Fusheng; Hou, Qingchuan; Wang, Yihong; Xu, Lifang

Article 1

Regulatory Effects on Analysts' Conflicts of Interest in Corporate Financing Activities: Evidence from NASD Rule 2711

Journal of Corporate Finance, v. 48, February 2018, p. 658-679
Chen, Peter F.; Novoselov, Kirill E.; Wang, Yihong

Article 1

The information role of audit opinions in debt contracting

Journal of Accounting and Economics, v. 61, (1), February 2016, p. 121-144
Chen, Peter Fusheng; He, Shaohua; Ma, Zhiming; Stice, Derrald Earl

Conference paper 1

Corruption, Independent Audit, and Equity Value

Chen, Peter Fusheng; He, Shaohua; Novoselov, Kirill E.

Article 1

Economic Freedom, Investment Flexibility, and Equity Value: A Cross-Country Study

Accounting Review, v. 90, (5), September 2015, p. 1839-1870
Chen, Chih-ying; Chen, Peter F.; Jin, Qinglu

Conference paper 2

Media Independence and Audit Quality

Chen, Peter Fusheng; He, Shaohua; Ma, Zhiming; Novoselov, Kirill E.

Qualified Audit Opinions and Debt Contracting

He, Shaohua; Stice, Derrald; Chen, Peter Fusheng; Ma, Zhiming

Conference paper 1

Qualified Audit Opinions and Debt Contracting

Brigham Young University Accounting Symposium 2012,Provo, UT, USA, 27-29 Sept 2012
Chen, Peter F.; He, Shaohua; Ma, Zhiming; Stice, Derrald

Article 1

高管继任、职工薪酬与隐性契约: 基于中国上市公司的经验证据

經濟研究, v.S2, 2011, p. 100-111
陈冬华; 陈富生; 沈永建; 尤海峰

Conference paper 1

The underwriter's conflict of interest and earnings forecast bias in prospectuses: Evidence from Hong Kong

2011 American Accounting Association Annual Meeting, Denver, Colorado, 6-10 Aug 2011
Chen, Peter Fusheng; Hou, Qingchuan

Conference paper 1

Regulatory effects on analysts' independence: Hong Kong versus the US

Asia Business and Management Conference, Osaka, Japan, 2010
Chen, Peter; Wang, Yihng

Article 1

NASD Rule 2711 and Changes in Analysts' Independence in Making Stock Recommendations

ACCOUNTING REVIEW, v. 84, (4), 2009, JUL, p. 1041-1971
Chen, Chih-Ying; Chen, Peter F.

Conference paper 1

The Underwriter's Conflicts of Interest and Earnings Forecasts in Prospectuses: Evidence from Hong Kong Initial Public Officing

HKUST, Seoul National and SMU Joint Research Symposium 2009, Singapore Management University, Singapore, page 39-61
Chen, Peter; Hou, Qingchuan

Article 2

How do accounting variables explain stock price movements? Theory and evidence

Journal of accounting & economics, v. 43, (2-3), 2007, JUL, p. 219-244
Chen, Peter; Zhang, Guochang

Segment profitability, misvaluation, and corporate divestment

ACCOUNTING REVIEW, v. 82, (1), 2007, JAN, p. 1-26
Chen, Peter F.; Zhang, Guochang

Conference paper 1

How do financial statement data inform investors about the change in equity value? Modelling and empirically testing the relation between operating performance and market performance

IAAER conference on reporting financial performance Research, IAAER conference on reporting financial performance research, March 19-20
Chen, Peter F.; Zhang, Guochang

Article 1

Pyramidal ownership structure and proprietary disclosures: Evidence from segment reporting in Hong Kong

International journal of Business Research, Volume IV, Number 1, pp.85-95
Chen, Peter F.; Zhang, Tianyu

Conference paper 1

Are analysts' stock recommendations more independent after the implementation of NASD Rule 2711?

2005 Accounting Theory and Practice Conference, National Taiwan University, Taipei, Taiwan, December 1-2, 2005
Chen, Chih-Ying; Chen, Peter F.S.

Conference paper 1

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

2004 Information, Markets, and Organizations (Harvard Business School), June 21- 22
Chen, Peter; Zhang, Guochang

Article 1

Heterogeneous investment opportunities in multiple-segment firms and the incremental value relevance of segment accounting data

ACCOUNTING REVIEW, v. 78, (2), 2003, APR, p. 171-199
Chen, PF; Zhang, GC

Conference paper 1

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

Collected Abstracts of American Accounting Association Annual Meeting, San Antonio, Texas, 14-17 Aug 2002
Chen, Peter; Zhang, Guochang

Article 2

Layoffs, Shareholders' Wealth, and Corporate Performance

Journal of Empirical Finance, 8(2), 171-199
Chen, Peter F.; Mehrotra, Vikas; Sivakumar, Ranjini; Yu, Wayne

When capital follows profitability: Non-linear residual income dynamics

Review of Accounting Studies, v. 6, (2-3), 2001, p. 229-265
Biddle, G.C.; Chen, P.; Zhang, G.

Conference paper 2

Heterogeneous investment opportunities in multiple-segment firms and the incremental value relevance of segment accounting data

Proceedings of the 2001 Summer Symposium on Accounting Research, Hong Kong, The Hong Kong University of Science and Technology, Hong Kong, 20-22 June 2001, p. 1-50
Chen, Peter F; Zhang, Guochang

When Capital Follows Profitability: Non-linear Residual Income Dynamics

American Accounting Association National Meetings, Atlanta
Biddle, Gary C.; Chen, Peter; Zhang, Guochang

Conference paper 1

The Usefulness of Segment Information in Predicting Divestitures

Collected Abstracts of the Canadian Academic Accounting Association Annual Meeting, 1998
Chen, Peter

Article 1

Regulatory Capital, Tax, and Earnings Management Effects on Loan Loss Accruals in the Canadian Banking Industry

Contemporary Accounting Research, v. 13, (1), 1996, p. 91-128
Chen, Peter F.; Daley, Lane

Conference paper 1

Regulatory Capital, Tax, and Earnings Management Effects on Loan Loss Accruals in the Canadian Banking Industry

The Tenth Contemporary Accounting Research Conference, 1995
Chen, Peter; Lane, Daley

2018 1

Regulatory Effects on Analysts' Conflicts of Interest in Corporate Financing Activities: Evidence from NASD Rule 2711

Journal of Corporate Finance, v. 48, February 2018, p. 658-679
Chen, Peter F.; Novoselov, Kirill E.; Wang, Yihong
Article

2016 2

The information role of audit opinions in debt contracting

Journal of Accounting and Economics, v. 61, (1), February 2016, p. 121-144
Chen, Peter Fusheng; He, Shaohua; Ma, Zhiming; Stice, Derrald Earl
Article

Corruption, Independent Audit, and Equity Value

Chen, Peter Fusheng; He, Shaohua; Novoselov, Kirill E.
Conference paper

2015 1

Economic Freedom, Investment Flexibility, and Equity Value: A Cross-Country Study

Accounting Review, v. 90, (5), September 2015, p. 1839-1870
Chen, Chih-ying; Chen, Peter F.; Jin, Qinglu
Article

2013 2

Media Independence and Audit Quality

Chen, Peter Fusheng; He, Shaohua; Ma, Zhiming; Novoselov, Kirill E.
Conference paper

Qualified Audit Opinions and Debt Contracting

He, Shaohua; Stice, Derrald; Chen, Peter Fusheng; Ma, Zhiming
Conference paper

2012 1

Qualified Audit Opinions and Debt Contracting

Brigham Young University Accounting Symposium 2012,Provo, UT, USA, 27-29 Sept 2012
Chen, Peter F.; He, Shaohua; Ma, Zhiming; Stice, Derrald
Conference paper

2011 2

高管继任、职工薪酬与隐性契约: 基于中国上市公司的经验证据

經濟研究, v.S2, 2011, p. 100-111
陈冬华; 陈富生; 沈永建; 尤海峰
Article

The underwriter's conflict of interest and earnings forecast bias in prospectuses: Evidence from Hong Kong

2011 American Accounting Association Annual Meeting, Denver, Colorado, 6-10 Aug 2011
Chen, Peter Fusheng; Hou, Qingchuan
Conference paper

2010 1

Regulatory effects on analysts' independence: Hong Kong versus the US

Asia Business and Management Conference, Osaka, Japan, 2010
Chen, Peter; Wang, Yihng
Conference paper

2009 2

NASD Rule 2711 and Changes in Analysts' Independence in Making Stock Recommendations

ACCOUNTING REVIEW, v. 84, (4), 2009, JUL, p. 1041-1971
Chen, Chih-Ying; Chen, Peter F.
Article

The Underwriter's Conflicts of Interest and Earnings Forecasts in Prospectuses: Evidence from Hong Kong Initial Public Officing

HKUST, Seoul National and SMU Joint Research Symposium 2009, Singapore Management University, Singapore, page 39-61
Chen, Peter; Hou, Qingchuan
Conference paper

2007 2

How do accounting variables explain stock price movements? Theory and evidence

Journal of accounting & economics, v. 43, (2-3), 2007, JUL, p. 219-244
Chen, Peter; Zhang, Guochang
Article

Segment profitability, misvaluation, and corporate divestment

ACCOUNTING REVIEW, v. 82, (1), 2007, JAN, p. 1-26
Chen, Peter F.; Zhang, Guochang
Article

2006 1

How do financial statement data inform investors about the change in equity value? Modelling and empirically testing the relation between operating performance and market performance

IAAER conference on reporting financial performance Research, IAAER conference on reporting financial performance research, March 19-20
Chen, Peter F.; Zhang, Guochang
Conference paper

2005 2

Pyramidal ownership structure and proprietary disclosures: Evidence from segment reporting in Hong Kong

International journal of Business Research, Volume IV, Number 1, pp.85-95
Chen, Peter F.; Zhang, Tianyu
Article

Are analysts' stock recommendations more independent after the implementation of NASD Rule 2711?

2005 Accounting Theory and Practice Conference, National Taiwan University, Taipei, Taiwan, December 1-2, 2005
Chen, Chih-Ying; Chen, Peter F.S.
Conference paper

2004 1

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

2004 Information, Markets, and Organizations (Harvard Business School), June 21- 22
Chen, Peter; Zhang, Guochang
Conference paper

2003 1

Heterogeneous investment opportunities in multiple-segment firms and the incremental value relevance of segment accounting data

ACCOUNTING REVIEW, v. 78, (2), 2003, APR, p. 171-199
Chen, PF; Zhang, GC
Article

2002 1

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

Collected Abstracts of American Accounting Association Annual Meeting, San Antonio, Texas, 14-17 Aug 2002
Chen, Peter; Zhang, Guochang
Conference paper

2001 4

Layoffs, Shareholders' Wealth, and Corporate Performance

Journal of Empirical Finance, 8(2), 171-199
Chen, Peter F.; Mehrotra, Vikas; Sivakumar, Ranjini; Yu, Wayne
Article

When capital follows profitability: Non-linear residual income dynamics

Review of Accounting Studies, v. 6, (2-3), 2001, p. 229-265
Biddle, G.C.; Chen, P.; Zhang, G.
Article

Heterogeneous investment opportunities in multiple-segment firms and the incremental value relevance of segment accounting data

Proceedings of the 2001 Summer Symposium on Accounting Research, Hong Kong, The Hong Kong University of Science and Technology, Hong Kong, 20-22 June 2001, p. 1-50
Chen, Peter F; Zhang, Guochang
Conference paper

When Capital Follows Profitability: Non-linear Residual Income Dynamics

American Accounting Association National Meetings, Atlanta
Biddle, Gary C.; Chen, Peter; Zhang, Guochang
Conference paper

1998 1

The Usefulness of Segment Information in Predicting Divestitures

Collected Abstracts of the Canadian Academic Accounting Association Annual Meeting, 1998
Chen, Peter
Conference paper

1996 1

Regulatory Capital, Tax, and Earnings Management Effects on Loan Loss Accruals in the Canadian Banking Industry

Contemporary Accounting Research, v. 13, (1), 1996, p. 91-128
Chen, Peter F.; Daley, Lane
Article

1995 1

Regulatory Capital, Tax, and Earnings Management Effects on Loan Loss Accruals in the Canadian Banking Industry

The Tenth Contemporary Accounting Research Conference, 1995
Chen, Peter; Lane, Daley
Conference paper

No Publications

Teaching Assignment

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

ACCT4010

Advanced Financial Accounting

ACCT5430

Tax and Business Strategy

ACCT4010

Advanced Financial Accounting

No Teaching Assignments

Research Postgraduate (RPG) Supervision

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

Graduated RPGs

Doctor of Philosophy

LIU, Yifeng
Accounting( Completed in 2021 )

Master of Philosophy

ZHU, Yanying
Accounting( Completed in 2024 )

Projects

From January 2022 to December 2024

All Projects 3

No Projects.
The Efficiency of Cross-sectional Capital Allocation by Global Stock Markets

全球股票市場資本配置效率比較研究 Leading

RGC - General Research Fund
Project Team (HKUST)
CHEN Peter Fusheng (Lead)
2023 -
Human Capital Investment and Equity Value Leading

Central Reserve Fund - School-based Initiatives
Project Team (HKUST)
CHEN Peter Fusheng (Lead)
2019 - 2022
The disciplining role of financial analysts Leading

RGC - Direct Allocation Grant
Project Team (HKUST)
CHEN Peter Fusheng (Lead)
2012 - 2023

Research Interest

Publications

2024 3

2018 1

2016 2

2015 1

2013 2

2012 1

2011 2

2010 1

2009 2

2007 2

2006 1

2005 2

2004 1

2003 1

2002 1

2001 4

1998 1

1996 1

1995 1

Article 1

Conference paper 2

Article 1

Article 1

Conference paper 1

Article 1

Conference paper 2

Conference paper 1

Article 1

Conference paper 1

Conference paper 1

Article 1

Conference paper 1

Article 2

Conference paper 1

Article 1

Conference paper 1

Conference paper 1

Article 1

Conference paper 1

Article 2

Conference paper 2

Conference paper 1

Article 1

Conference paper 1

2018 1

2016 2

2015 1

2013 2

2012 1

2011 2

2010 1

2009 2

2007 2

2006 1

2005 2

2004 1

2003 1

2002 1

2001 4

1998 1

1996 1

1995 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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