Brian Yutao Wang

Education

• 2005/09－2010/01 Tsinghua University Ph.D. in Accounting
• 2003/09－2005/07 Sun Yat-Sen University Master in Accounting
• 1996/09－2000/07 Zhongnan University of Economics and Law B.A. in Finance

Working Experiences

• Professor, Renmin University of China, 09/2018 – present
• Associate Professor, Central University of Finance and Economics, 10/2012 – 08/2018
• Assistant Professor, Central University of Finance and Economics, 06/2010 – 09/2012
• Visiting Scholar, University of Texas at Dallas, 02/2014 – 02/2015
  
• Research Assistant, The University of Hong Kong, 12/2013 –01/2014
  
• Research Assistant, The University of Hong Kong, 07/2013 – 08/2013
• Research Assistant, The University of Hong Kong, 06/2012 – 08/2012
• Research Associate, Chinese University of Hong Kong, 01/2012 – 04/2012
• Post-Doctor, Chinese University of Hong Kong, 07/2011 – 08/2011
• Teaching fellow, Tsinghua University, 09/2010 – 12/2011
• Post-Doctor, hinese University of Hong Kong, 04/2010 – 09/2010
• Research Assistant, Chinese University of Hong Kong, 10/2008 – 03/2010
• Auditor, GP Certified Public Accountants, 02/2002 – 08/2003
• Auditor, Zhong Tianqin Certified Public Accountants, 07/2000 – 12/2001

Research Interests

Earnings Management and Information Disclosure; Financial Analysts Behavior;Firm Valuation and Investment DecisionAccounting Standards and Accounting Quality

Courses

AuditingBig; Data Auditing; Accounting (MBA); Theory and Practice of Advanced Auditing (MPAcc); Corporate Finance (MPAcc); Business and Professional Ethics for Accountants

Selected Academic Articles

• Wang, Brian Yutao, Ruiyao Xu, Jing Zhang. 2022. Outbreak risk, managerial distraction, and corporate information disclosure: Evidence from the COVID-19 pandemic. Pacific-Basin Finance Journal. 73: 1-17.
• Wang, Brian Yutao, Chongluan Lu, Jing Zhang, Haishan Yu. 2021. Majority Shareholders’ Stock Sales, Dual Agency Conflicts, and Management Earnings Forecasts. Emerging Markets Finance and Trade. 58(7): 1883-1897
• Wang, Brian Yutao, Shuo Li, Guangqiang Liu, Zhiqing Yang. 2021. Running out of Energy: the Price Effect of Energy Deficiency. Energy Economics. 100. 1-9.
• Wang, Brian Yutao, Duan Mengran, Liu Guangqiang. 2021. Does the power gap between a chairman and CEO matter? Evidence from corporate debt financing in China. Pacific-Basin Finance Journal, 65(2021):1-15
• Cheng, Qiang, Du, Fei, Wang, Yutao Brian, and Wang, Xin. 2019. “Do Corporate Site Visits Impact Stock Prices?” Contemporary Accounting Research, 36(1):359-388.
• Duan, Mengran, Wang, Yutao and Wang Ruihua. 2019. External Governance Environment, Cash Dividend and Market Reaction. China Accounting Review (Chinese Journal), 17(1): 49-78
• Wang, Yutao, Duan Mengran. 2019. Does Business Strategy Impact a Firm’s Management Earnings Forecasts? Management Review (Chinese Journal), 31(2): 200-213.
• Wang, Yutao and Song, Yunling. 2018. The Optimistic Bias of Management Earnings Forecast, Analyst Forecasts Revision and Market Reaction. China Accounting Review (Chinese Journal), 16(1): 53-72。
• Wang, Juxian, Wang, Yutao and Lu, Guihua. 2017. Corporate Characteristics, Analysts’ Cash Flow Forecasts and Analysts’ Earnings Forecasts Accuracy. Journal of Central University of Finance & Economics(Chinese Journal), 10:65-77.
• Cheng, Qiang, Du, Fei, Wang, Xin and Wang, Yutao. 2016. “Seeing is Believing: Analysts’ Corporate Site Visits”. Review of Accounting Studies, 21(4): 1245-1286.
• Zhai, Jinbu, Wang, Yutao. 2016. “Accounting Information Quality, Governance Efficiency and Capital Investment Choice”. China Journal of Accounting Research, 9(4): 251-266.
• Wang, Yutao. 2016. “Public Information, Private Information and Financial Analysts’ Forecasts”. China Accounting and Finance Review, (3): 1-57.
• Wang, Juxian, Wang, Yutao and Lu, Guihua. 2016. “Is Analysts’ Cash Flow Forecasts Useful: From the View of Information Supply”. South China Journal of Economics(Chinese Journal), (7): 1-17.
• Wang, Juxian, Wang, Yutao, and Lu, Guihua. 2016. “Can Geographical Distance Affect the Behaviors of Financial Analysts?”, Journal of Central University of Finance & Economics(Chinese Journal), (1): 61-72.
• Wang, Yutao, Chen, Yunsen and Wang, Juxian. 2015. “Management earnings forecasts and analyst forecasts: Evidence from mandatory disclosure system”, China Journal of Accounting Research, (8): 133-146.
• Zhao, Gang, Liang, Shangkun, and Wang, Yutao. 2014. “Accounting conservatism, and bank loan contracts: Evidence from China”. China Journal of Accounting Studies, 2(3): 200-227.
• Chen, Yunsen, Wang, Yutao, and Lin, Le. 2014. “Independent directors’ board networks and controlling shareholders’ tunneling behavior”, China Journal of Accounting Research, (7): 101-118.
• Chen, Xiaolin, Kong, Dongming, and Wang, Yutao. 2014. “Auditor size, earnings management and information asymmetry”, China Accounting and Finance Review, (1): 29-60.
• Liang, Shangkun, Zhao, Gang, and Wang, Yutao. 2013. “Accounting Transparency and Bank Loan Contracts: Evidence from Chinese Listed Companies”, China Accounting Review (Chinese Journal), (4): 457-490.
• Yang, Kaiyuan, Liu, Bin, and Wang, Yutao. 2013. “The accrual anomaly in Capital Market: Misspecification or Mispricing”, Statistical Research(Chinese Journal), (10): 68-74.
• Zong, Wenlong, Wang, Yutao, and Wei, Zi. 2013. “Do Equity Compensation reduce executive turnover? Empirical Evidence from China’s Security Market”. Accounting Research (Chinese Journal), (9): 58-63.
• Chen, Xiaolin, Wang, Yutao and Chen, Yunsen. 2013. “Audit Firm size, industry expertise and probability of informed trading: empirical evidence from Chinese securities market”, Accounting Research (Chinese Journal), (2): 70-79.
• Wang, Yutao, Chen, Xiao, and Xue, Jian. 2013. “Selling Non-tradable share: Income smoothing or investment returns maximization?”. Journal of Financial Research (Chinese Journal), (1): 164-176.
• Wang, Yutao, and Wang, Yanchao. 2012. “Does Earnings Preannouncement Information Impose Effects on the Forecast Behavior of Financial Analysts”, Journal of Financial Research (Chinese Journal), (6): 202-218.
• Zhang, Liqun, Wang, Yutao and Wang, Yanchao. 2012. “Research on taxation loading of listed firms in macro-environment: internal market view”, Taxation Research (Chinese Journal), (7): 26-29.
• Wang, Yutao, Hou, Yu, and Chen, Xiaolin. 2012. “Accounting standard changes and foreign analyst behavior: Evidence from China”, China Journal of Accounting Research, (5): 27-43.
• Zhai, Jinbu, Wang, Yutao, and Li, Dan. 2012. “The Analysis in What Factors Affect Financing Choice in M&A: Transaction Costs view”. China Accounting Review (Chinese Journal), (1): 17-32.
• Zhai, Jinbu, Wang, Yutao, and Li, Dan. 2011. “The Effect of Financing Choice on M&A Performance: From the Perspective of Functional Fixation”. China Industrial Economics (Chinese Journal), (12): 100-110.
• Liu, Yongtao, Zhai, Jinbu, and Wang, Yutao. 2011. “The Adoption of New Accounting Standards on Earnings Management”. Economic Theory and Business Management (Chinese Journal), (11): 55-67.
• Chen, Yunsen, Zhu, Song, Wang, Yutao. 2011. “Corporate Fraud an Bank Loans: Evidence from China”. China Journal of Accounting Research, (4): 155-165.
• Yin, Lifeng, Wang, Yutao, and Deng, Yihong. 2011. “Estimation of Effective Tax Rates of Enterprises After the Unification of Two Sets of Corporate Income Tax Laws”. Taxation Research (Chinese Journal), (9): 18-21.
• Wang, Yutao, Xue, Jian, and Li, Lu. 2010. “Does Fair Value Measurement Model have Value Relevance? Empirical Evidence from Financial Assets Investigation”. China Accounting Review (Chinese Journal), (4): 383-398.
• Wang, Yutao, Chen, Xiao, and Hou, Yu. 2010. “The Local Analysts’ Information Advantage: Geographical Proximity or Difference in Accounting Standards?”. Accounting Research (Chinese Journal), (12): 34-40.
• Chen, Yunsen, Wang, Yutao. 2010. “Audit Quality, Transaction Cost and Mode of Trade Credit”. Audit Research(Chinese Journal), (6): 77-85.
• Hou, Yu, Wang, Yutao. 2010. “Control Right Transfer, Investor Protection and Ownership Concentration: New Empirical Evidence From Control Right Transfer”. Journal of Financial Research (Chinese Journal), (3): 167-182.
• Yu, Peikun, Lee, Chi-Wen Jevons, Wang, Yutao. 2009. “Can Institutional Investors Beat Individual Investors?”. Journal of Financial Research(Chinese Journal), (8): 147-157.
• Wang, Yutao, Xue, Jian, and Chen, Xiao. 2009. “Accounting Choice and Earnings Management: An Analysis on the Implementation of the New Accounting Standard”, China Accounting Review (Chinese Journal), (3): 255-270.
• Wang, Yutao, Xue, Jian, and Chen, Xiao. 2009. “Can the Market Distinguish the Different Information Under the New Accounting Standards?”, Journal of Financial Research(Chinese Journal), (1): 136-150.

Selected Research Grants

• Principal Investigator, the National Natural Science Fund: “The Efficiency of Private Information Communication Between Institutional Investors and Enterprises: Visiting Contents, Characteristics and Corporate Behaviors”, 2020-2023, Grant No: 71972179.
• Beijing Municipal Natural Science Foundation: “Information Communication between Investors and Companies: the Effect of Q&A about Corporate Innovation”, 2020-2022, Grant No. 9202008.
• Principal Investigator, the National Natural Science Fund: “Research on Effects of Information Environment Changes on Behavior and Difference of Local and Foreign Analysts”, 2012-2014, Grant No: 71102124.
• Co-Investigator, General Research Fund (GRF): “Seeing is believing: Do analysts benefit from corporate site visits?”, 2013, Grant No: 760913.
• Principal Investigator, the Ministry of Education Funded Projects: “Research on Information Environment Changes, Earnings Management and Investors’ Behaviors”, 2014-2015, Grant No: 13JHQ048.

Selected Presentations at Academic Meetings

• 2015.8.8-2015.8.12，American Accounting Association Annual Meeting, Chicago, USA. Paper title: Seeing is Believing: Do Analysts Benefit from Site Visits?
• 2014.1.10-2014.1.11, Financial Accounting and Reporting Section Midyear Meeting, American Accounting Association, Houston, USA. Paper title: “Are Investors’ Corporate Site Visits Informative?”
• 2013.8.3-2013.8.7, American Accounting Association Annual Meeting, Anaheim, USA. Paper title: “Are Investors’ Corporate Site Visits Informative?”
• 2013.7.7-2013.7.9, Research Conference of Chinese Accounting Professors Association of North America(CAPANA), The University of Hong Kong, Hong Kong. Paper title: “Are Investors’ Corporate Site Visits Informative?”. Best Paper Award.

Services & Awards

Key community services

• 2009—Present Anonymous reviewer of Financial Research, Accounting Research, Nankai Management Review, Accounting and Finance, Emerging Markets Finance and Trade and other core journals.
• 2010-2018 Financial data analysis Course for undergraduate in Tsinghua University
• 2017 Financial Management Course for MPAcc in Tsinghua University
• 2017 Theory and Practice of Advance Auditing Course for MPAcc in Beijing Jiaotong University

Honors and Awards

• “Outstanding Young Scholar” of Renmin University of China, 08/2018
• Best Award for Teaching Contents in MBA, Business School of Central University of Finance and Economics, 01/2018
• One of Nationwide Accounting Reserve Leaders in the Seventh Batch Selected by the Ministry of Finance (Academic Talent), 12/2017
• 2014 Outstanding Paper Award of Accounting Society of China, 07/2015
• 2013 Outstanding Paper Award of Accounting Society of China, 07/2014
• “Best Paper Award” in 2013
• CAPANA conference, 07/2013