zhang huai

Huai Zhang

B.A. Peking University, Ph.D. Columbia University

Associate Professor of Accounting

Nanyang Business School

Nanyang Technological University

Singapore 639798

Email: huaizhang@ntu.edu.sg

Tel: +65-6790-4097


Dr Huai Zhang received his Ph.D in Accounting from Columbia University in 2000. He taught at University of Illinois at Chicago and was promoted to Associate Professor with tenure at University of Hong Kong before joining Nanyang Business School in 2006. He has published in major accounting and finance journals, including Journal of Accounting and Economics, Journal of Accounting Research, Journal of Finance, Management Science, Contemporary Accounting Research, and Review of Accounting Studies. He received the Best Paper Award at the 2004 International Finance Conference and the 2016 Midwest Finance Association Meeting. He was also the recipient of Nanyang Business School Research Excellence Award in 2011, 2013 and 2019. He sits on the editorial board of Review of Accounting and Finance and The International Journal of Accounting, both refereed academic journals, and is an ad hoc reviewer for journals such as Journal of Accounting Research, The Accounting Review, Management Science, Contemporary Accounting Research and Review of Accounting Studies. He is the keynote speaker at the 5th and the 8th Annual International Conferences on Accounting and Finance, the 1st Boya Management Accounting Research Forum, and the 14th and the 17th International Symposium on Accounting Research in China.

Published Papers

1.  “Peer effects among financial analysts”

(with Truc Thuc Do, forthcoming, Contemporary Accounting Research)


2.  “Facial Structure and Achievement Drive: Evidence from Financial Analysts”

(with Xianjie He, Huifang Yin, Yachang Zeng and Hailong Zhao, forthcoming,  Journal of Accounting Research)


3.  “Employee Turnover Likelihood and Earnings Management: Evidence from the Inevitable Disclosure Doctrine”

(with Huasheng Gao and Jin Zhang, Review of Accounting Studies, Vol. 23, Issue 4, 1424-1470, 2018)


4. “ The Disincentive Effect of Stars: Evidence from Analyst Coverage”

(with Luo Jiang, and Huifang Yin, forthcoming, Journal of Accounting, Auditing and Finance)


5. “Litigation Risk and Corporate Voluntary Disclosure: Evidence from Two Quasi-Natural Experiments”

(with Hui Dong, forthcoming, European Accounting Review)


6. “Do managers choose the proxy material delivery method strategically?”

(with Yanhui Jiang, Huifang Yin, and Cai Yu, forthcoming, Journal of Accounting, Auditing and Finance)


7. “Superstition and Financial Decision Making”

(with David Hirshleifer and Ming Jian, Management Science, Vol. 64, Issue 1, 235-252, 2018)


8. “Tournaments of Financial Analysts”

(with Huifang Yin, Review of Accounting Studies, Vol.19, Issue 2, 573-605, 2014)


9. “Analyst Cash Flow Forecasts and Pricing of Accruals”

(with Linna Shi and Jun Guo, Advances in Accounting, Vol. 30, Issue 1, 95-105, 2014)


10. “Financial Reporting Frequency, Information Asymmetry, and the Cost of Equity”

(with Arthur Kraft and Renhui Fu, Journal of Accounting and Economics, Vol. 54, 132–149, 2012)


11. “Can the Earnings Fixation Hypothesis Explain the Accrual Anomaly

(with Linna Shi, Review of Accounting Studies, Vol. 17, Issue 1, 1-21, 2012, Lead article)


12. “The Valuation Impact of Reconciling Pro Forma Earnings to GAAP Earnings”

(with Liu Zheng, Journal of Accounting and Economics, Vol. 51, Issues 1-2, 186-202, 2011)


13. “On Alternative Measures of Accruals”

(with Linna Shi, Accounting Horizons, Vol. 25, No. 4, pp. 811-836, December 2011)

14. “Analysts' Selective Coverage and Subsequent Performance of Newly Public Firms”

(with Somnath Das and Rejin Guo, Journal of Finance, Vol. 61, No. 3, 1159 –1185. 2006)

15. “Rounding-up in Reported EPS, Behavioral Thresholds and Earnings Management”

(with Somnath Das, Journal of Accounting and Economics, Vol. 35, No. 1, 31-50, 2003.)


16. “Inventory Changes and Future Returns”

(with Jacob Thomas, Review of Accounting Studies, 7, 163-187, 2002.)

17. “Consensus Analysts’ Forecasts and Current Price Level”

(Review of Accounting and Finance, 1, 39-56, 2002.)