China Research Conference
February 24-25, 2006
Cho Yiu Conference Hall, CUHK
Program
Organized by
Center for Institutions and Governance and
School of Accountancy
The Chinese University of Hong Kong
Hong Kong SAR, China
Asterisks denote presenters.
February 24, Friday
08:30 am - 09:00 am
Registration
Location: Lobby, Cho Yiu Conference Hall, University Administration Building, Central Campus, CUHK
(香港中文大学中央校园大学行政楼祖尧堂大厅)
09:00 am
Opening Ceremony
Professor Pak Wai Liu, Pro-Vice-Chancellor (The Chinese University of Hong Kong)
T.J. Wong (The Chinese University of Hong Kong)
09:15 am
China, Growth, and Institutional Development (Slides)
* Bernard Yeung (New York University)
10:45 am Photo Shooting and Coffee Break
11:05 am
China, Growth, and Institutional Development
* Bernard Yeung (New York University)
12:35 pm Luncheon
Location: Lu Ming Room, Benjamin Franklin Centre, Central Campus, CUHK
(香港中文大学中央校园范克廉楼鹿鸣厅)
02:15 pm
The History of Corporate Governance around the World
* Randall Morck (University of Alberta and National Bureau of Economic Research)
03:45 pm Coffee Break
04:00 pm
The History of Corporate Governance around the World
* Randall Morck (University of Alberta and National Bureau of Economic Research)
06:00 pm Dinner
Location: Chung Chi College Staff Club, CUHK
(香港中文大学崇基学院教职员联谊会)
08:00 pm - 09:00 pm Research Roundtables (see Appendix)
Location: Classroom C1, C2, C3, Lady Shaw Building, Central Campus, CUHK
(香港中文大学中央校园邵逸夫夫人楼C1, C2, C3课室)
February 25, Saturday
Morning Paper Sessions
Chair: Hongbin Li (The Chinese University of Hong Kong)
09:15 am
Tunneling Dividends in China
* Chi-Wen Jevons Lee (Tulane University and Tsinghua University) (Slides)
Xing Xiao (Tsinghua University)
Discussant: Hongbin Li (The Chinese University of Hong Kong)
10:00 am
Bad News Is Good News: Propping and Tunneling Evidence from China
Chong-En Bai (Tsinghua University and The University of Hong Kong)
* Qiao Liu (The University of Hong Kong) (Slides)
Frank M. Song (The University of Hong Kong)
Discussant: Ming Jian (Nangyang Technological University) (Slides)
10:45 am Coffee Break
11:00 am
Rent Seeking Incentives, Political Connections and Organizational Structure: Empirical Evidence from Listed Family Firms in China
* Charles J.P. Chen (City University of Hong Kong) (Slides)
Zengquan Li (Shanghai University of Finance and Economics)
Xijia Su (City University of Hong Kong)
Discussant: Wayne W. Yu (The Hong Kong Polytechnic University) (Slides)
11:45 am
Competition, Ownership, Corporate Governance and Enterprise Performance: Evidence from China
Yifan Hu (The University of Hong Kong)
* Frank M. Song (The University of Hong Kong) (Slides)
Junxi Zhang (The University of Hong Kong)
Discussant: Oliver M. Rui (The Chinese University of Hong Kong) (Slides)
12:30 pm Luncheon
Location: Lu Ming Room, Benjamin Franklin Centre, Central Campus, CUHK
(香港中文大学中央校园范克廉楼鹿鸣厅)
Afternoon Paper Sessions
Chair: Yinglei Zhang (The Chinese University of Hong Kong)
02:15 pm
Government Involvement, Market Forces, and the Pricing of Earnings: A Comparison of China’s Floating and Non-floating Shares
* Kevin C.W. Chen (The Hong Kong University of Science and Technology) (Slides)
Hong-Qi Yuan (Shanghai University of Finance and Economics)
Discussant: Danqing Young (The Chinese University of Hong Kong) (Slides)
03:00 pm
State Ownership, Institutional Environment and Auditor Choice: Evidence from China
* Qian Wang (The Chinese University of Hong Kong) (Slides)
T.J. Wong (The Chinese University of Hong Kong)
Lijun Xia (Shanghai University of Finance and Economics)
Discussant: Jason Zezhong Xiao (Cardiff University) (Slides)
03:45 pm Coffee Break
04:00 pm
An Empirical Study on the Legal Form of CPA Firms and Auditors’ Reporting Conservatism
Michael Firth (The Hong Kong Polytechnic University)
* Phyllis L.L. Mo (The Hong Kong Polytechnic University) (Slides)
Raymond M.K. Wong (The University of Hong Kong)
Discussant: George Yang (The Chinese University of Hong Kong) (Slides)
04:45 pm
Bonding Premium: A General Phenomenon
Qian Sun (Nanyang Technological University)
* Wilson H.S. Tong (Hong Kong Polytechnic University) (Slides)
Yujun Wu (Fudan University)
Discussant: Shing-Yang Hu (National Taiwan University) (Slides)
06:00 pm Dinner
Location: Staff Common Room Clubhouse, University Guest House I, CUHK
(香港中文大学逸夫校园大学宾馆一座教职员会所餐厅)
Appendix
February 24, Friday
08:00 pm – 09:00 pm
Research Roundtables 小组讨论会
Location: Lady Shaw Building, Central Campus, CUHK (香港中文大学中央校园邵逸夫夫人楼)
Group A
国有企业薪酬管制的经济起因与后果
陈信元(上海财经大学)
陈冬华(南京大学)
Discussant: Charles J.P. Chen (City University of Hong Kong)
Group B
金融发展、预算软约束与企业投资
陈信元(上海财经大学)
朱红军(上海财经大学)
何贤杰(上海财经大学)
Discussant: Qiao Liu (The University of Hong Kong)
Group C
国际四大意味着高审计质量吗?- 来自我国A股市场的初步证据
刘峰(中山大学)
周福源(中山大学)
Discussant: Anne Wu (National Chengchi University)
Group D
Is There Penalty for Crime?: Corporate Scandal and Management Turnover in China
Peng Sun (Peking University)
Yi Zhang (Peking University)
Discussant: Mingyi Hung (University of Southern California)
Group E
我国上市公司透明度影响因素分析 - 来自深交所的证据
谭劲松(中山大学)
吴立扬(中山大学)
Discussant: Donghui Wu (The Hong Kong Polytechnic University)
Group F
Ultimate Controlling Structures and Firm Value: Evidence from the Chinese Listed Companies
Kun Wang (Tsinghua University)
Xing Xiao (Tsinghua University)
Discussant: Helen Choy (University of California, Riverside)
Group G
关联交易、会计信息有用性与内部代理成本
叶康涛(北京大学)
陆正飞(北京大学)
Discussant: Jiwei Wang (Singapore Management University)
Group H
企业集团内部市场的公共治理与公司治理功能 - 基于我国IPO上市公司的实证研究
郑国坚(中山大学)
魏明海(中山大学)
Discussant: Tianyu Zhang (City University of Hong Kong)
Group I
银行寻租与公司资本结构决策
朱凯(上海财经大学)
陈信元(上海财经大学)
Discussant: Steven Wei (The Hong Kong Polytechnic University)
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