Associate Professor Tracy (Kun) Wang

Tracy Wang

RSA

Research School of Accounting

Position
Associate Professor
Master of Commerce Convenor
Email
kun.wang@anu.edu.au
Phone number
+61 2 612 59835
Office
Room 1023, PAP Moran Bld (21)
Research areas

Corporate disclosure; Corporate information intermediaries (news media and financial analysts); Corporate regulation; Corporate accountability; Emerging and international financial markets.

Biography

Tracy Wang is an Associate Professor of Accounting and Convenor of Master of Commerce (Advanced). Tracy has broad research interests in the areas of corporate governance, corporate information intermediaries such as news media and financial analysts, and the determinants and consequences of financial and non-financial reporting and regulations in emerging and international financial markets. Tracy has written widely on these topics and her research appeared in a number of top-ranked journals including Contemporary Accounting Research, Journal of Corporate Finance, European Accounting ReviewAbacusJournal of International Accounting Research, Finance Research LettersJournal of Business Ethics, International Review of Economics and Finance, International Review of Financial AnalysisEconomic Modelling, Emerging Markets Review, and Journal of Economic Surveys. Her research has been featured in Institutional Investor.

View ORCID profile

 

Research publications

Recent Media Interview

"Institutional Investors Can Push Companies to Think Long Term — Or Not", Interviewed by Jessica Hamlin, Institutional Investor, 29 April, 2022. https://www.institutionalinvestor.com/article/b1xtj6vfbdgqbt/Institutional-Investors-Can-Push-Companies-to-Think-Long-Term-Or-Not

Recent Refereed Journal Publications

Wang, K.T., & Sun, A. 2022. Institutional ownership stability and corporate social performance. Finance Research Letters, 47, 102861. https://doi.org/10.1016/j.frl.2022.102861 (Impact factor: 5.596, ABDC ranking A). Free Share Link provided by Elsevier (valid until May 28, 2022): https://authors.elsevier.com/a/1etOy5VD4KnC9Z. Featured in "Institutional Investors Can Push Companies to Think Long Term — Or Not", Institutional Investor, 29 April, 2022. 

Wang, K.T., & Shailer, G. 2022. Multiple performance criteria for government-controlled corporations. International Review of Economics and Finance. 79, 75-96. (Impact factor: 2.522, ABDC ranking A). https://doi.org/10.1016/j.iref.2022.01.012

Tsang, A., Wang, K.T., Zhu, N.Z., & Li, Y. 2022. The economic consequences of the Olympic games: International evidence on cross-listings. Journal of International Accounting Research, in press. https://doi.org/10.2308/JIAR-2021-033. (Impact factor: 1.1, ABDC ranking A)

Ryou, J. W., Tsang, A., Wang, K.T. 2021. Competition and corporate social responsibility reporting. Contemporary Accounting Research, Forthcoming. (Impact factor: 3.543; ABDC ranking A*, FT50).  https://doi.org/10.1111/1911-3846.12748

Chih-Hsien Liao, C.H., Tsang, A., Wang, K.T., & Zhu, N.Z. 2021. Corporate Governance Reforms and Cross-Listings: International Evidence, Contemporary Accounting Research, In press. https://doi.org/10.1111/1911-3846.12729. Free access to accepted manuscript provided by Wiley https://onlinelibrary.wiley.com/share/author/P8FHMDUKPZVF5NM7N9R2?target=10.1111/1911-3846.12729. (Impact factor: 3.543; ABDC ranking A*; FT50).

Tsang, A., Wang, K.T., Liu, S., & Yu, L. 2021. Integrating corporate social responsibility criteria into executive compensation and firm innovation: International evidence. Journal of Corporate Finance, 70, 102070. https://doi.org/10.1016/j.jcorpfin.2021.102070. (Impact factor: 4.249; ABDC ranking A*).

Wang, K.T., Wu, Y., Sun, A.. 2021. Acquisitions and the cost of debt financing. International Review of Financial Analysis, 78, 101925. https://doi.org/10.1016/j.irfa.2021.101925. Free access provided by Elsevier (before December 17, 2021): https://authors.elsevier.com/c/1d~ZD3mS~2SOmB  (Impact factor: 5.373; ABDC ranking A).

Zhu, N.Z., Wang, K.T., & Wilson, M. 2021. The Effect of Conditional Management Earnings Forecast Mandates on Voluntary Disclosure and Analyst Forecast Properties. Abacus. In press. (Impact factor: 2.378; ABDC ranking A)

Wang, K.T., Luo, G., & Yu, L. 2021. Analysts’ Foreign Ancestral Origins and Firms’ Information Environment. China Accounting and Finance Review (ABDC ranking A).

Wang, K.T., Liu, S. &Yue, W. 2021. Corporate social responsibility and stock price crash risk in the banking industry: International evidence. Journal of International Financial Markets, Institutions, and Money. 74, 101416. https://doi.org/10.1016/j.intfin.2021.101416. (Impact factor: 4.211; ABDC ranking A)

Wang, K.T., Kartika, F., Wang, W.W., & Luo, G. 2021, Corporate social responsibility, investor protection, and the cost of equity: Evidence from East Asia, Emerging Markets Review, 47, 100801. DOI: https://doi.org/10.1016/j.ememar.2021.100801(Impact factor: 4.073; ABDC ranking A).

Li, S., Quan Y., Tian, G.G., Wang, K.T.,& Wu, H. 2021, Academy fellow independent directors and innovation, Asia Pacific Journal of Management, In press. DOI: https://doi.org/10.1007/s10490-020-09749-3. (Impact factor: 5.616; ABDC ranking A)

Wang, K.T., Liu, Y. & Wang, W.W. 2020, Government control, regulatory enforcement actions, and the cost of equity. European Accounting Review, In press. https://doi.org/10.1080/09638180.2020.1822196. (Impact factor: 3.208; ABDC ranking A*)

Wang, K.T., Wu, Y. & Ho, K.-Y. 2021 (accepted in 2019). Internal control reporting and cost of bond financing: Evidence from China. International Review of Economics and Finance, 76, 1323-1346. https://doi.org/10.1016/j.iref.2019.11.016. (Impact factor: 2.522; ABDC ranking A)

Wang, K.T. & Shailer, G. 2018, Does Ownership Identity Matter? A Meta-Analysis of Research on Firm Financial Performance in Relation to Government versus Private Ownership, Abacus: a journal of accounting, finance and business studies, 54(1), 1-35. https://doi.org/10.1111/abac.12103 (Impact factor: 2.378; ABDC ranking A)

Wang, K.T. & Shailer, G. 2017. Family ownership and financial performance relations in emerging markets. International Review of Economics and Finance, 51, 82-98. https://doi.org/10.1016/j.iref.2017.05.014  (Impact factor: 2.522; ABDC ranking A)

Wang, K. T. & Wang, W. 2017, Competition in the Stock Market with Asymmetric Information. Economic Modelling, 61, 40-49. https://doi.org/10.1016/j.econmod.2016.11.024 (Impact factor: 3.127; ABDC ranking A)

Wang, K.T. & Li, D. 2016 [First online 01 August 2015], Market Reactions to the First-Time Disclosure of Corporate Social Responsibility Reports: Evidence from China. Journal of Business Ethics, 138 (4), 661-682. https://doi.org/10.1007/s10551-015-2775-1 (Impact factor: 6.430; ABDC ranking A, FT45)

Shailer, G. & Wang, K.T. 2015, Government ownership and the cost of debt for Chinese listed corporations. Emerging Markets Review, 22, 1-17. https://doi.org/10.1016/j.ememar.2014.11.002 (Impact factor: 4.073; ABDC ranking A)

Wang, K. & Shailer, G. 2015 Ownership Concentration and Firm Performance in Emerging Markets: A Meta-analysis. Journal of Economic Surveys, 29 (2), 199–229.  https://doi.org/10.1111/joes.12048 (Impact factor: 4.237; ABDC ranking A)


Selected Refereed Conference Papers

Wang, K. T., Liu, S., Wu., Y. 2020. Corporate social responsibility and stock price crash risk in the banking industry: International evidence. The 2020 Cross Country Perspectives in Finance (CCPF) Conference, August 20-22, 2020.

Wang, K. T., Luo, L., Liu, S. 2020. Analyst coverage, board independence and firm innovation. Abacus Special Issue Conference on Accounting, Auditing and Corporate Governance in China, June 6-7, 2020. Conference organizations: Abacus, Peking University, and Cardiff University

Tsang, A., Wang, K. T., Wu, Y. & Lee, J. 2020, Non-financial corporate social responsibility reporting and firm value: International evidence on the role of financial analysts. The 22nd annual Australian Summer Accounting Conference, University of Technology Sydney, 6-7 February 2020, Sydney Australia..

Wang, K. T., Kartika, F. & Wang, W. 2019. Corporate social responsibility, investor protection, and the cost of equity: Evidence from East Asia, The 2019 International Accounting and Finance Conference (IAFC) and Special Issue of Emerging Markets Review (EMR), The Chongqing Technology and Business University, 17-18 December, 2019, Chongqing, China.

Tsang, A., Wang, K. T. & Zhu, N. Z. 2019. Corporate Governance Reforms around the World: The Impact on Firm Innovation. 2019 London Business School Accounting Symposium, 20-21 June 2019, London, U.K.

Wang, K.T., Wu, Y., Ho, K.-Y. 2018. Internal control reporting and cost of debt. The Fifth International Conference on The Chinese Economy: Past, Present and Future, December 22, 2018 Beijing, P.R.China.

Wang, K.T., Wu, Y. 2018. Corporate Social Responsibility Reporting and Investment: Evidence from Acquisitions. 42nd European Accounting Association Annual congress 2018, 30 May-1 June 2018, Milan, Italy.

Wang, K. T. & Zhu, Z. N. 2018. Management earnings forecasts and corporate bond financing of Chinese listed firms. 42nd European Accounting Association Annual congress 2018, 30 May-1 June 2018, Milan, Italy.

Zhu, Z. N, Wang, K. T. & Wilson, M. 2018. Conditional management earnings forecast mandates and corporate information environment. 42nd European Accounting Association Annual congress 2018, 30 May-1 June 2018, Milan, Italy.

Ryou, J. W., Tsang, A. & Wang, K.T. 2018. Competition and corporate social responsibility reporting. The American Accounting Association Annual Meeting 2018, August 4-8, 2018. Washington, DC, US; 2019 AFAANZ Conference, 7-9 July 2019, Brisbane, Australia.

Luo, G., & Wang, K., 2017, Meeting or Beating Analyst Forecasts in China: Stock Market Responses and Managerial Actions, the Chinese Economists Society Annual Conference 2017, 10-11 June, Nanjing, China

Wang, K., Liu, Y., Wang, W. 2015, Government control, regulatory enforcement actions, and the cost of equity, The 2015 International Journal of Accounting Symposium, 4-7 June 2015, Xiamen, China.

Wilson, M., Wang, K., & Lau, A. 2014, Insiders' Promises and Earnings Management: Evidence from China's Split Share Reform, The Chinese Economists Society Annual Conference 2014, 14-15 June, Guangzhou, China

Wang, K. & Li, D. 2014, Market Reactions to the First-Time Disclosure of Corporate Social Responsibility Reports: Evidence from China (Li, D and Wang, K), Journal of Business Ethics special issue conference on Business Ethics in Greater China: Past, Present and Future, 19-20 May 2014, Tibet, China.

"Meta-analysis of audit tenure and audit quality" (Wang, K.T., Shailer, G., David, H.), 2013 The 11th Annual Australian National Centre for Audit and Assurance Research (ANCAAR) Audit Research Forum, 6-7 December 2013, The Australian National University, Australia.

"The relation between news events and stock price jump: an analysis based on neural network" (Wang, W., Ho, K.Y., Liu, W.M., Wang, K.T.), 2013 International Congress on Modelling and Simulation (MODSIM), 1-6 December 2013, Adelaide, Australia.

“Government ownership and the cost of debt: Evidence from Chinese listed corporations” (Wang, K., Shailer, G., and Dhaliwal, D.), 2013 Asian Finance Association Annual Conference, 15 – 17 July, 2013, Nanchang, China.

"The Insider, the Information Follower and the Price Follower: An Analysis Based on Asymmetric Information" (K. Wang & W. Wang), 2012 World Finance& Banking Symposium, 17 - 18 December, 2012, Shanghai, China.

"Government Control and Performance Criteria for Chinese Listed Corporations" (K. Wang & G. Shailer), The 24th Annual Australasian Finance and Banking Conference, 14-16 December 2011, Sydney, Australia.

"Meta-Analyses of Ownership Identity and Corporate Performance in Emerging Markets" (K. Wang & G. Shailer), The 40th Australian Conference of Economists, 10-13 July 2011, ANU, Canberra.

"Disentangling the Relationship between Ownership Concentration and Firm Performance in Emerging Markets: A Meta-Analysis" (K. Wang & G. Shailer), 2010 Meta-Analysis of Economics Research Network (MEAR-Net) Colloquium, Hendrix College, AR, USA, October 2010.

"Acquisitions in Chinese Business Groups: Expropriation vs. Propping?" (K. Wang & G. Shailer), in the program and abstracts of 2010 Annual Conference of Accounting and Finance Association of Australia and New Zealand (AFAANZ), Christchurch, New Zealand, July 2010.

 "The Rise of Institutional Investors in China" (K. Wang & G. Shailer), The 1st Research Symposium on Corporate Governance in China and India, Virginia Beach, Virginia, USA, October 2008.


Newspaper articles 

"Financial Arrangements for Sustainable Public Housing Development," (K. Wang & M. C. S. Wong), China Economic Times, June 29, July 6, 2005.

 "The Way to Success: Public Housing Provisions for the Needy in Hong Kong and their Relevance to China," (K. Wang & M. C. S. Wong), China Economic Times, June 15, 2005.

"Risks in Public-Private Partnerships," (K. Wang & M. C. S. Wong), Securities Times,pp. 3,May 11, 2005.

"Real Estate Bubbles and Banking Stability," (K. Wang & M. C. S. Wong), Securities Times,pp. 3,May 9, 2005.

" Seeking the Unity of Fairness and Efficiency: Comments on Hong Kong's Public Housing Policy," (K. Wang & M. C. S. Wong), China Economic Herald, pp. B2, April 23, 2005.

"Corporate Governance and Securities Regulation in Mainland China," (K. Wang & M. C. S. Wong), Securities Times,pp. 3,April 8, 2005.

"LINK in Hong Kong: The Securitization of Public Services," (K. Wang & M. C. S. Wong), Securities Times, pp. 3, January 17, 2005.


Book chapters

Ho, K.-Y., Wang, K., Wang, W.W., 2015. Foreign trade and economic growth in recent China: A granger causality analysis, in: Djajadikerta, H.G., Zhang, Z. (Eds.), A new paradigm for international business. Springer, Singapore.

 "The Current Situation of China's Real Estate Tax System and its Problems," (H. Ni & K.Wang), in Real Estate Tax Policy in China, Beijing: China Land Press, 2005, Chapter Two, 47-74. (In Chinese)

Online research forum articles

Walpola, S. & Wang T. 2021, Australia’s Planned Patent Box: A Means of Stimulating Innovation? Published in May 2021. This piece critically analyses the Government’s policy (announced in Budget 2021-22) to introduce a patent box (which preferentially taxes patent income in medical and biotech industries) to Australia. Available at: https://www.austaxpolicy.com/budget-forum-2021-australias-planned-patent-box-a-means-of-stimulating-innovation/
 

Research grants and awards

Grants

2020/2021 Accounting & Finance Association of Australia and New Zealand (AFAANZ) Research Grant (joint with Dr Sonali Walpola), chief investigator

2015/2016 Accounting & Finance Association of Australia and New Zealand (AFAANZ) Research Grant (joint with Dr Mark Wilson), chief investigator

2013 Financial Research Network, Travel Grant

2011/2012 Accounting & Finance Association of Australia and New Zealand (AFAANZ) Research Grant (joint with Dr Greg Shailer), chief investigator

2010 Meta-Analysis of Economics Research Network Colloquium (Arkansas, the USA) Full Travel Grant


Awards

2018 Best Paper Award from the 7th World Business Ethics Forum for paper titled “Competition and corporate social responsibility reporting” (joint with Ryou, J. W. and Tsang, A.)

2007 Endeavour Postgraduate Award

Research engagement and outreach

Membership

CPA Australia
The American Accounting Association (AAA)

Canadian Academic Accounting Association (CAAA)

Accounting and Finance Association of Australia and New Zealand (AFAANZ)
Meta-Analysis of Economic Research (MAER) Network


Additional information

Current research projects

  • The role of news media in the capital market
  • The consequences of corporate governance reforms
  • The causes and consequences of corporate social responsibility
  • Meta-analysis of audit tenure and audit quality
  •  

Member of Conference Organising Committee

2013 Annual Colloquium of Meta-Analysis in Economics Research Network
2012 Annual Colloquium of Meta-Analysis in Economics Research Network

Ad Hoc Academic Journal referee for 27 journals

  • Journal of Business Finance and Accounting
  • Journal of Management Studies
  • Journal of Corporate Finance
  • Abacus
  • Journal of International Accounting Research
  • Journal of Contemporary Accounting and Economics
  • British Journal of Management
  • Emerging Markets Review  
  • Internal Journal of Auditing
  • Australian Journal of Management
  • Accounting and Finance
  • International Review of Economics and Finance
  • International Journal of Managerial Finance
  • Economic Modelling
  • International Review of Financial Analysis
  • Journal of Business Ethics
  • Pacific-Basin Finance Journal
  • International Business Review
  • Corporate Governance: An International Review
  • Journal of Economics Surveys
  • Australian Accounting Review
  • Emerging Markets Finance and Trade
  • Managerial Auditing Journal
  • Accounting Research Journal
  • Pacific Economic Review
  • Asia-Pacific Journal of Accounting and Economics
  • Borsa İstanbul Review

Teaching

A highly self-motivated and dedicated researcher, Tracy Wang is passionate about discovering new research findings and actively translates these into her classroom.


Current Teaching:

BUSN7031 Management Accounting & Cost Analysis 

BUSN4111/BUSN8111 Seminal Research in Accounting

BUSN3001 Accounting Theory 


Prior Teaching:

BUSN1001 Business Reporting & Analysis

ENGN3211 Investment Decisions and Financial System

BUSN7005 Contemporary Issues in Accounting

BUSN8007 Analysis of Financial Reporting

BUSN8010 Special Topics in Commerce: Seminal Research in Accounting