YU Lisheng
Contact: yulisheng@mail.sysu.edu.cn
Research Areas: Capital market information disclosure,Fundamental quantitative research,Accounting standards-related research,AI and Finance and Accounting
Lisheng Yu
Business School
Sun Yat-sen University
Shenzhen, China, 518107
Phone: (86)13850046309
Email: yulisheng@mail.sysu.edu.cn
Personal Profile
Lisheng Yu, Professor, PhD supervisor, Director of MBA/EMBA Programs in Business School at Sun Yat-sen University. Former Vice Dean of the School of Management at Xiamen University and former Vice President of the Financial and Cost Branch of the Accounting Society of China. Currently, a consulting member of the first, second, third, and fourth sessions of the Enterprise Accounting Standards Committee of the Ministry of Finance. His primary research areas include capital market information disclosure, fundamental quantitative investment research, and accounting standards, AI and Finance and Accounting.
He has published over 40 academic papers in top international and domestic journals such as Review of Accounting Studies, Production and Operations Management, Journal of Banking & Finance, Auditing: A Journal of Practice & Theory, Accounting Horizons, Management World, Journal of Management Sciences in China, Accounting Research, and Journal of Financial Research. He has led several projects, including one Humanities and Social Sciences Research Fund project from the Ministry of Education and three General Projects from the National Natural Science Foundation of China. He also led internal control projects for Xiamen Xinda Co., Ltd., and Xiamen ITG Group Co., Ltd.
In March 2007, he received his PhD from Shanghai University of Finance and Economics. He participated in the Harvard Business School case teaching training program (PCMPCL) in August 2009 and January 2010. He was a visiting scholar at the University of Houston from 2010 to 2011, at Rice University from 2015 to 2016, and at MIT Sloan School of Management from February to August 2020.
He was selected as a National Accounting Leading Talent (Academic) by the Ministry of Finance in 2009, a New Century Excellent Talent of Fujian Province in 2011, and a Special Support Plan candidate for the National Accounting Leading Talent Training Project of the Ministry of Finance in 2017. His research achievements have won several awards, including the second prize of the Eighth Higher Education Scientific Research Excellent Achievement Award of the Ministry of Education (2020), multiple awards from Fujian Province for Social Science Excellent Achievements, the Outstanding Paper Grand Prize of the 2019 Annual Meeting of the Financial and Cost Branch of the Accounting Society of China, the first prize for Outstanding Papers at the 2017 Annual Meeting of the Financial and Cost Branch of the Accounting Society of China, the first prize for Excellent Papers of the Ministry of Finance's Accounting Society of China in 2014, and the Best Paper Award of the China Journal of Accounting Studies (CJAS) in 2014.
Work and Academic Experience
· September 2023 - : Professor, Director of MBA/EMBA Programs Business School, Sun Yat-sen University
· February 2020 - August 2020: Visiting Scholar, MIT Sloan School of Management, USA
· February 2015 - February 2016: Visiting Scholar, Rice University, USA
· February 2016 – August 2023: Associate Dean (Academic), School of Management, Xiamen University
· August 2011 - August 2023: Professor, School of Management, Xiamen University
· August 2010 - August 2011: Visiting Scholar, University of Houston, USA
· August 2008 - August 2011: Associate Professor, School of Management, Xiamen University
· January 2007 - August 2008: Assistant Professor, Department of Accounting, School of Management, Xiamen University
Education
· March 2004 - January 2007: PhD in Accounting, Shanghai University of Finance and Economics
· September 2001 - January 2004: Master’s in Accounting, Zhongnan University of Economics and Law
· September 1993 - July 1997: Bachelor's in Accounting, Zhongnan University of Economics
Main Research Directions
· Capital market information disclosure
· Fundamental quantitative research
· Accounting standards-related research
· AI and Finance and Accounting
Main Courses Taught
· EDP: Management Control, Performance Evaluation, Cost Control
· Master's/PhD: Accounting Theory Research
· Master's/PhD: Advanced Financial Accounting Theory and Practice
· MPAcc: Advanced Management Accounting Topics
· Undergraduate: Corporate Strategy and Risk Management
Working Papers Under Review
1. Lu, Tong, Lijun Ruan, Yanyan Wang, Lisheng Yu. "Real Effects of Off-balance-sheet and Capitalization Accounting." China Journal of Accounting Studies, Under Review.
2. Jiayan Gao, Shan Li, Yanyan Wang, Lisheng Yu. "The Effect of Shared Auditor between Annual Report and ABS Deals on Audit Firms' Resource-allocation Decision: Evidence from China." British Accounting Review, 2nd round review.
3. Yanyan Wang, Jiayan Gao, Lisheng Yu. "Bank Loan Asset Derecognition, Shared Audit, and Financial Stability," Accounting Research, 2nd review.
4. Yanyan Wang, Rui Xu, Lisheng Yu. "Incentive Effects of Patent Pledge Loans," Financial Research, 2nd review.
5. Yanyan Wang, Yangyang Yu, Lisheng Yu, Mengyu Ma. "Carbon Emissions and Corporate Credit Financing."
Major Academic Achievements
1. Brian Rountree, Sivaramakrishnan Shiva, Yanyan Wang, Lisheng Yu. "Debiasing Earning Persistence Estimates." Review of Accounting Studies, Forthcoming.
2. Jeff Z. Chen, Karen Nelson, Yanyan Wang, Lisheng Yu. "What Does the Auditor Say? Auditors’ Disclosures of Material Misstatement Risks and Audit Fees." Accounting Horizons, Forthcoming.
3. Tong Lu, Sivaramakrishnan Shiva, Yanyan Wang, Lisheng Yu. 2021. "The Real Effects of Mandatory Corporate Social Responsibility Reporting in China." Production and Operations Management 30(5), 1493-1516.
4. Wentao Li, Di Wang, Yanyan Wang, Lisheng Yu. "Do Key Audit Matters Affect Operating Activities? Evidence from Inventory Management." Abacus 59(1),300-339.
5. Yanyan Wang, Lisheng Yu, Yuping Zhao. 2015 "The Association between Audit-Partner Quality and Engagement Quality: Evidence from Financial Report Misstatements." Auditing: A Journal of Practice & Theory 34(3),81-112. (Awarded Second Prize of the Eighth Higher Education Scientific Research Excellent Achievement Award of the Ministry of Education)
6. Xiaoke Wang, Yanyan Wang, Lisheng Yu, Yuping Zhao. 2015. "Engaging Audit Partner Experience and Audit Quality." China Journal of Accounting Studies 3(3),230-253.
7. Jeff Z. Chen, Gerald J. Lobo, Yanyan Wang, Lisheng Yu. 2013. "Loan Collateral and Financial Reporting Conservatism: Chinese Evidence." Journal of Banking & Finance 37(12), 4989-5006.
8. Yanyan Wang, Lisheng Yu. 2013. "State-bank Loan and Stock Price Synchronicity." China Journal of Accounting Studies 1(2),93-113. (Awarded Best Paper of the Year 2013 by China Journal of Accounting Studies and First Prize for Excellent Papers by the Ministry of Finance's Accounting Society of China)
9. Yanyan Wang, Zhongwen Cai, Lisheng Yu. "A Machine Learning-based Prediction Model for Goodwill Impairment," Accounting Research, Accepted.
10. Yanyan Wang, Jiayan Gao, Lisheng Yu, Yangyang Yu. 2023. "Integrated Auditing and the Derecognition of Securitized Loan Assets," Financial and Trade Economics, 11, 21-36.
11. Lisheng Yu, Zehao Wang, Yanyan Wang, Wentao Li. 2023. "Impact of Innovation on Firms' MD&A Disclosure Strategies," Nankai Business Review, Online.
12. Lisheng Yu, Tianyu Zheng, Chuanhao Teng. 2023. "A Study on Fraud in Chinese Listed Companies Based on Machine Learning Methods." Journal of Xiamen University (Philosophy and Social Sciences), 2, 44-55.
13. Yanyan Wang, Chenglong Wang, Lisheng Yu#, Yiyang Lan. 2021. "Deferred Compensation and Bank Profit Efficiency—Based on a Micro Perspective of Banks." Journal of Financial Research, 10, 117-133.
14. Lisheng Yu, Yiyang Lan, Yanyan Wang. 2021. "Not Living up to Fame: Star CEOs and Concealment of Negative News." Journal of Management Sciences in China, 5, 70-86.
15. Yanyan Wang, Ruzhen He, Lisheng Yu#, Jie Zhuang. 2020. "Management Ability and Annual Report Flexible Supervision—Based on the Inquiry Letters of Annual Reports." Accounting Research, 12, 59-70.
16. Yanyan Wang, Chenglong Wang, Lisheng Yu#, Tianyu Zheng. 2020. "Can Deferred Compensation Policies for Bank Executives Curb the Expansion of Shadow Banking?" Management World, 12, 175-185. (Awarded Second Prize of the 14th Social Science Excellent Achievement Award of Fujian Province)
17. Xiaoke Wang, Lisheng Yu#, Yanyan Wang. 2020. "Can the Application of Derivative Tools Improve the Information Environment of Capital Markets?—Based on the Perspective of Analyst Forecast Behavior." Journal of Financial Research, 7, 190-206.
18. Lisheng Yu, Chenglong Wang, Yanyan Wang. 2019. "The Role of Analysts' Social Media in Information Dissemination Efficiency—Based on the Study of Analysts' Weibo." Journal of Management Sciences in China, 7, 107-126.
19. Lisheng Yu, Wentao Li, Yanyan Wang, Di Wang. 2019. "Does Pay-position Inversion Have a 'Black Jealousy' Effect?" Accounting Research, 3, 47-54.
20. Yanyan Wang, Rui Xu, Chenglong Wang. 2018. "Can the Key Audit Matters Paragraph Improve the Communication Value of the Audit Report?" Accounting Research, 6, 86-93. (Awarded Third Prize of the 13th Social Science Excellent Achievement Award of Fujian Province)
21. Xiaoke Wang, Yanyan Wang, Lisheng Yu, Yuping Zhao. 2016. "Audit Partner Personal Experience and Audit Quality." Accounting Research, 9, 75-81.
22. Yanyan Wang, Lisheng Yu, Xiaoke Wang. 2014. "Accounting Conservatism, Loan Collateral, and the Ownership Model of Banks and Enterprises." Accounting Research, 12, 11-17.
23. Yanyan Wang, Lisheng Yu, Ran An. 2014. "Can Non-financial Information Improve the Capital Market Environment?—Based on the Study of Social Responsibility Information Disclosure." Journal of Financial Research, 8, 178-191.
24. Yanyan Wang, Lisheng Yu. 2013. "State-owned Bank Loans and Stock Price Synchronicity." Accounting Research, 7, 42-49.
25. "Do Chinese Commercial Banks Demand Accounting Conservatism?" Investment Research, Issue 6, 2013.
26. Yanyan Wang, Lisheng Yu. 2011. "Ownership Structure and Timing Disclosure." Nankai Business Review, 10, 118-128.
27. Lisheng Yu, Yanyan Wang. 2010. "Does Government Regulation Improve Audit Market Performance?" Management World, 8, 7-20.
28. Lisheng Yu, Yanyan Wang. 2010. "Competitive Disclosure of Information, Investor Attention, and Information Dissemination Efficiency." Journal of Financial Research, 7, 112-135.
29. "Tax Decentralization Reform and Tax Avoidance Behavior of Listed Companies," Journal of Xiamen University (Philosophy and Social Sciences), Issue 4, 2010.
30. Lisheng Yu, Yanyan Wang, Zeyun Chen. 2008. "Do Information Intermediaries Have Economic Added Value?—Theory and Empirical Evidence." Management World, 7, 134-144.
31. "Debt Maintenance by Chinese Commercial Banks," Investment Research, Issue 6, 2008.
32. Lisheng Yu. 2007. "Motivation for Earnings Management, Information Quality, and Government Supervision." Accounting Research, 9, 42-49.
33. Lisheng Yu, Yanyan Wang. 2007. "Information Risk and Market Pricing." Management World, Issue 3, 76-85.
34. "Investor Characteristics and Post-earnings Announcement Drift," Securities Market Herald, Issue 3, 2006.
35. "Legal Environment, Audit Independence, and Investor Protection," Finance and Trade Economics, Issue 5, 2006.
36. Lisheng Yu, Yanyan Wang. 2006. "Information Uncertainty and Post-earnings Announcement Drift." Management World, Issue 3, 40-49.
37. "Agency Conflicts and Demand for High-Quality Audits—Empirical Data from Chinese Listed Companies," Economic Science, Issue 2, 2006.
Books and Textbooks
· "Information Uncertainty, Investor Behavior, and Post-earnings Announcement Drift", Northeast Finance and Economics University Press, June 2013
Hosted Projects
1. National Natural Science Foundation of China, General Project, 72372139, "Research on Climate-related Information Disclosure and Economic Effects" 2024-01 to 2027-12, 420,000 RMB, In Progress, PI.
2. National Natural Science Foundation of China, General Project, 71972162, "Research on the Impact Mechanism of Systemic Risk in Banks from the Perspective of Accounting Standards" 2020-01 to 2023-12, 480,000 RMB, In Progress, PI.
3. National Natural Science Foundation of China, General Project, 71572162, "Research on Capital Market Information Disclosure in the Emerging Media Environment" 2017-01 to 2020-12, 490,000 RMB, Completed, Excellent Final Evaluation.
4. Ministry of Finance, "Research on the Role Mechanism of Non-financial Information in Fundamental Quantitative Investment Strategies" 2019-06 to 2022-06, 200,000 RMB.
5. National Natural Science Foundation of China, General Project, 70972114, "Information Manipulation, Risk Measurement, and Post-earnings Announcement Drift" 2010-01 to 2012-12, 230,000 RMB, Completed.
6. Ministry of Education, Humanities and Social Sciences Research Youth Fund, 08JC630074, "Information Risk and Market Pricing" 2009-01 to 2011-12, 50,000 RMB, Completed, PI.
7. 2011 Fujian Province New Century Excellent Talent Plan Funded, Completed.
8. Hosted internal control projects for Xiamen ITG and Xiamen Xinda Co., Ltd.
Awards
· October 2022: First Prize in Fujian Province Teaching Achievements, Rank 1/8
· January 2022: Second and Third Prizes of the 14th Social Science Excellent Achievement Award of Fujian Province
· January 2020: Second Prize of the Eighth Higher Education Scientific Research Excellent Achievement Award of the Ministry of Education
· December 2019: Third Prize of the 13th Social Science Excellent Achievement Award of Fujian Province
· July 2019: Outstanding Paper Grand Prize of the 2019 Annual Meeting of the Financial and Cost Branch of the Accounting Society of China
· 2017: First Prize for Outstanding Papers at the 2017 Annual Meeting of the Financial and Cost Branch of the Accounting Society of China
· 2014: First Prize for Excellent Papers of the Ministry of Finance's Accounting Society of China
Major Academic Positions
· Consulting Member, Accounting Standards Committee, Ministry of Finance 2016-
· Vice President, Financial and Cost Branch, Accounting Society of China,2016-2024
International Academic Exchange
· August 2019: Annual Meeting of the American Accounting Association
· August 2018: Annual Meeting of the American Accounting Association
· July 2017: MIT Asia Conference in Accounting, Speaker & Moderator
· July 2016: MIT Asia Conference in Accounting, Moderator
· February 2016: 2016 Lone Star Accounting Research Conference, Rice University
· February 2016: 2016 Accounting Symposium, University of Houston
· February 2015: 2015 Accounting Symposium, University of Houston
· January 2014: Allied Social Science Associations Annual Meeting and American Finance Association Annual Meeting, Philadelphia
· November 2013: 2013 Review of Accounting Studies Journal Conference,
· May 2013: 36th European Accounting Association (EAA) Annual Congress 2013, Paris
· May 2013: 2013 International Journal of Accounting Journal Conference, Wuhan
· December 2012: Singapore Management University Accounting Symposium (SMU-SOAR), Singapore
· July 2012: Chinese Accounting Professors' Association of North America Annual Conference
· January 2012: 2012 Financial Accounting and Reporting Section Mid-Year Meeting, Chicago
· August 2011: Annual Meeting of the American Accounting Association (AAA), Denver
· July 2011: Chinese Accounting Professors' Association of North America Annual Conference, Xiamen
· May 2011: 35th European Accounting Association (EAA) Annual Congress 2011, Rome
· August 2009: Annual Meeting of the American Accounting Association (AAA), New York
· August 2008: Annual Meeting of the American Accounting Association (AAA), Anaheim
