RSA
Research School of Accounting
Corporate disclosure; Corporate information intermediaries; Corporate regulation; Corporate accountability; Emerging and international financial markets.
Tracy Wang is a Professor of Accounting and Convenor of Master of Commerce (Advanced). Tracy has broad research interests in the areas of corporate governance, corporate information intermediaries, and financial and non-financial reporting and regulations. Her research appeared in top-ranked journals including Journal of Accounting and Economics, Contemporary Accounting Research, Review of Accounting Studies, Journal of International Business Studies, Organization Science, Journal of Law and Economics, Journal of Corporate Finance, European Accounting Review, Journal of Business Finance & Accounting, British Accounting Review, among many others. Her research has been featured in distinguished international outlets such as Institutional Investor. Tracy is Deputy Editor at Accounting & Finance, and Guest Editor of The International Journal of Accounting Special Issue on ESG: Accounting and Reporting. She is the founder and chair of the Accounting and Finance Association of Australia and New Zealand (AFAANZ) ESG Special Interest Group, and serves as a mentor and judge for the Kellogg-Morgan Stanley Sustainable Investing Challenge.
Tracy has supervised over 30 research students and is committed to supporting their successful transitions into careers in academia and industry. Her contributions to research supervision and training were also recognised with the 2022 ANU College of Business and Economics Prize for Excellence in Research Training.
Tracy is an ANU Academic Board member elected from the ANU College of Business & Economics. In this capacity, she actively engages with colleagues and university executives to ensure high standards in education and research, and to advance the university's academic mission. Her commitment to the ANU Network for Early Career Teachers, Academics, and Researchers (NECTAR) as Co-chair showcases her dedication to supporting early and mid-career academics.
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
Refereed Journal Publications Over the Past Ten Years
** indicating the co-author is my previous or current PhD student
*** indicating the co-author was my previous honours/masters student
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1. |
Cai, X., Liao, L., Pan, Y., & Wang, K. 2025. Seeking blessings by doing good: Top executive superstitions and corporate philanthropy. Journal of Corporate Finance, 92, 102775. (ABDC A*, Impact Factor: 7.2). |
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2. |
Sun, A.***, Wang, K.T., Wu, Y.**, Zhu, N.Z.** 2025. Corporate social responsibility reporting reforms around the world: The impact on firm value and social externalities. Journal of Law and Economics, In press. (ABDC A*, Impact Factor: 1.5). SSRN Top Ten Download List. |
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3. |
Tsang, A., Wang, K.T., & Zhu, N.Z.** 2025. Foreign media slant, foreign investors, and informativeness of earnings. Review of Accounting Studies, 30, 79-118. (ABDC: A*, FT50, Impact Factor: 4.8). Featured in “CBE researcher explores the impact of foreign media on financial markets”, ANU College of Business and Economics Press Release. https://cbe.anu.edu.au/news/2024/cbe-researcher-explores-impact-foreign-media-financial-markets |
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4. |
Wu, Y.**, Huang, H., Tsang, A., Wang, K.T. 2025. Generalist managers and firm innovation worldwide: The role of innovation-specific institutions. Journal of Accounting and Economics, 79 (2–3), 101755 (ABDC A*, FT50, UTD24, Impact Factor 5.4). |
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5. |
Wang, K.T., Cui, L., Zhu, N.Z.**, & Sun, A.*** 2025. Board gender diversity reforms around the world: The impact on corporate innovation. Organization Science, 36 (4), 1416-1437 (ABDC: A*, FT50, UTD24, Impact Factor 4.9). SSRN Top Ten Download List. |
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6. |
Tsang, A., Wang, K.T.., & Zhu, N.Z.** 2025. Product market bonding and cross-listings: Evidence from global competition law reforms. Journal of International Business Studies, 56, 311–335 (ABDC A*, FT50, UTD24; Impact Factor 8.6). |
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7. |
Zhu, N.Z.**, & Wang, K.T. 2025. The impact of loosening regulatory requirements on firm innovation: Evidence from SEC Rule 12h-6. British Accounting Review, 57 (3), 101434 (ABDC: A*, Impact Factor: 5.5).
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8. |
Wang, K.T., Liu, S.**, & Luo, G.** 2025. Analyst Coverage and Corporate Innovation: Evidence from Exogenous Changes in Analyst Coverage. Abacus, 61 (3), 657-710. (ABDC: A, Impact Factor: 2.5). |
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9. |
Wang, K.T., Walpola, S., Zhu, N.Z.**, & Ulima, I.*** (2024) R&D Tax Incentive Reforms Around the World: The Impact on Firm Value. European Accounting Review, (ABDC: A*, Impact Factor: 2.845) |
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11. |
Liu, S.**, Wang, K.T., & Walpola, S. & Zhu, N.Z.** 2024. CSR contracting and stock price crash risk: International evidence. Journal of International Financial Markets, Institutions and Money, 93, 101999 (ABDC: A, Impact Factor: 5.4). |
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12. |
Wang, K.T., Luo, G.** & Zhu, N.Z.** 2024. Does news media affect firm innovation in emerging markets? Evidence from China. Abacus, 60 (4), 709-751 (ABDC: A, Impact Factor: 2.5). |
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13. |
Liu, S.**, Wang, K.T., & Wu, Y.** 2024. Corporate governance reforms and analyst forecasts: International evidence. Abacus, 60(2), 272-304 (ABDC: A, Impact Factor: 2.5). |
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14. |
Wang, K.T., & Wu, Y.** 2024 Corporate social responsibility reporting and investment: Evidence from mergers and acquisitions. Journal of Business Finance & Accounting, 51 (7-8), 1893-1942. (ABDC: A*, Impact Factor: 2.2). |
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15. |
Tian, G., Wang, K.T., & Wu, Y.** 2023. Does the market value the green credit performance of banks? Evidence from bank loan announcements, British Accounting Review, 101282 (ABDC: A*, Impact Factor: 5.5). SSRN Top Ten Download List. |
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16. |
Ho, K.-Y, Wang, K.T., & Wang, W. W. 2023. A novel approach to portfolio selection using news volume and sentiment?” International Review of Finance, 23(4), 903-917(ABDC: A, Impact Factor: 1.8). |
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17. |
Liu, S.**, Wang, K.T., & Walpola, S. 2023. Female board representation and the adoption of corporate social responsibility criteria in executive compensation contracts: International evidence, Journal of International Financial Markets, Institutions & Money, 82, 101685 (ABDC: A, Impact Factor: 5.4). |
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18. |
Wang, K.T., Zhu, N.Z.**. 2023. Conditional mandates on management earnings forecasts: The impact on the cost of debt. Abacus, 59(4), 901-953 (ABDC: A, Impact Factor: 2.5). |
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19. |
Luo, G.**, Wang, K.T., & Wu, Y.** 2023. Does the market reward meeting or beating analyst earnings forecasts? Empirical evidence from China. China Accounting and Finance Review, 25(2), 184-219 (ABDC: A, Impact Factor: **). SSRN Top Ten Download List. |
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20. |
Ryou, J. W., Tsang, A., Wang, K.T. 2022. Product market competition and voluntary corporate social responsibility disclosures. Contemporary Accounting Research, 39(2), 1215-1259 (ABDC: A*, FT50, Impact Factor: 3.2).
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21. |
Liao, C.H., Tsang, A., Wang, K.T., & Zhu, N.Z.** 2022. Corporate governance reforms and cross-listings: International evidence. Contemporary Accounting Research, 39(1), 537-576 (ABDC: A*, FT50, Impact Factor: 3.2).
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22. |
Wang, K.T., Liu, Y.***, & Wang, W.W. 2022, Government control, regulatory enforcement actions, and the cost of equity. European Accounting Review, 31(2), 449-493 (ABDC: A*, Impact Factor: 2.845). |
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23. |
Wilson, M., Wang, K.T., Wu, Y.**, & Lou, A.*** 2022. Institutional investors and earnings management associated with controlling shareholders' promises: Evidence from the split share structure reform in China. Journal of Contemporary Accounting and Economics, 18(3), 100330 (ABDC: A, Impact Factor: 2.9). SSRN Top Ten Download List. |
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24. |
Wang, K.T., & Sun, A.*** 2022. Institutional ownership stability and corporate social performance. Finance Research Letters, 47, 102861 (ABDC: A, Impact Factor: 7.4).
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25. |
Wang, K.T., & Shailer, G. 2022. Multiple performance criteria for government-controlled corporations. International Review of Economics and Finance. 79, 75-96 (ABDC: A, Impact Factor: 4.8). |
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26. |
Tsang, A., Wang, K.T., Zhu, N.Z.**, & Li, Y. 2022. The Economic Consequences of Hosting the Olympic Games: International Evidence from Cross-Listings. Journal of International Accounting Research, 21(1): 101–129 (ABDC: A, Impact Factor: 2.344).
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27. |
Zhu, N.Z.**, Wang, K.T., & Wilson, M. 2022. The Effect of Conditional Management Earnings Forecast Mandates on Voluntary Disclosure and Analyst Forecast Properties. Abacus. 58(3), 479-522 (ABDC: A, Impact Factor: 2.5). |
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28. |
Wang, K.T., Luo, G.**, & Yu, L. 2022. Analysts’ Foreign Ancestral Origins and Firms’ Information Environment. China Accounting and Finance Review, 24(1), 106-140 (ABDC: A) SSRN Top Ten Download List. |
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29. |
Li, S., Quan Y., Tian, G.G., Wang, K.T., & Wu, H. 2022 (First online 2 January 2021), Academy fellow independent directors and innovation, Asia Pacific Journal of Management, 39, 103–148 (ABDC: A, Impact Factor: 4.9). |
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31. |
Wang, K.T., Wu, Y.**, Sun, A.***. 2021. Acquisitions and the cost of debt: Evidence from China. International Review of Financial Analysis, 78, 101925 (ABDC: A, Impact Factor: 7.5). |
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32. |
Wang, K.T., Liu, S.** & Wu, Y.** 2021. Corporate social activities and stock price crash risk in the banking industry: International evidence. Journal of International Financial Markets, Institutions, and Money, 74, 101416 (ABDC: A, Impact Factor: 5.4). |
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33. |
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(ABDC: A, Impact Factor: 5.6). |
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34. |
Wang, K.T., Wu, Y.**, & Ho, K.-Y 2021. Internal control reporting and cost of bond financing: Evidence from China. International Review of Economics and Finance, 76, 1323-1346 (ABDC: A, Impact Factor: 4.8). |
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35. |
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 54 (1), 1-35 (ABDC: A, Impact Factor: 2.5). |
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36. |
Wang, K. T. & Shailer, G. 2017. Family ownership and financial performance relations in emerging markets, International Review of Economics and Finance 51, 82-98 (ABDC: A, Impact Factor: 4.8). |
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37. |
Wang, K. T. & Wang, W. W. 2016. Competition in the stock market with asymmetric information, Economic Modelling 61, 40-49 (ABDC: A, Impact Factor: 4.2). |
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38. |
Wang, K. T. & Li, D.*** 2016. Market reactions to the first-time disclosure of corporate social responsibility reports: Evidence from China, Journal of Business Ethics 138 (4), 661–682 (ABDC: A, FT50, Impact Factor: 5.9). |
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39. |
Shailer, G. & Wang, K. 2015, Government ownership and the cost of debt for Chinese listed corporations, Emerging Markets Review 22, 1-17 (ABDC: A, Impact Factor: 5.6). |
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40. |
Wang, K. & Shailer, G. 2015. Ownership concentration and firm performance in emerging markets: A meta-analysis, Journal of Economic Surveys 29 (2), 199–229 (ABDC: A, Impact Factor: 5.9).
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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
External Grants
2024 Australian Accounting Standards Board Research Project on Compliance of Mandatory and Voluntary Climate Disclosure Regimes
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
2025 ANU College of Business and Economics Award for Excellence in Research
2023 The Journal of International Accounting Research Best Paper Award for 2022 publication titled “The economic consequences of hosting the Olympic Games: International evidence from cross-listings” (with Tsang, A., Zhu, N.Z. and Yu, Li)
2022 ANU College of Business and Economics Price for Excellence in Research Training
2022 Best Paper Award from the 4th Global Chinese Accounting Association (GCAA) Summit 2022 & British Accounting Review Special Issue Conference for paper titled “The impact of loosening regulatory requirements on firm innovation: Evidence from SEC Rule 12h-6” (with Zhu, N.Z.)
2018 Best Paper Award from the 7th World Business Ethics Forum for paper titled “Competition and corporate social responsibility reporting” (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
Ad Hoc Academic Journal referee for 38 journals
- British Accounting Review
- European Accounting Review
- Journal of Banking & Finance
- Journal of Corporate Finance
- Journal of Business Finance and Accounting
- Journal of Management Studies
- Journal of International Business Studies
- Abacus
- Accounting and Finance
- Australian Journal of Management
- British Journal of Management
- Corporate Governance: An International Review
- Economic Modelling
- Emerging Markets Review
- Economics & Politics
- Financial Review
- International Business Review
- International Journal of Auditing
- International Journal of Managerial Finance
- International Review of Economics and Finance
- International Review of Financial Analysis
- Pacific-Basin Finance Journal
- Journal of Business Ethics
- Journal of Contemporary Accounting and Economics
- Journal of Economics Surveys
- Journal of International Accounting Research
- The International Journal of Accounting
- Accounting Research Journal
- Applied Economics Letters
- Asia-Pacific Journal of Accounting and Economics
- Asian Review of Accounting
- Australian Accounting Review
- Emerging Markets Finance and Trade
- Managerial Auditing Journal
- Pacific Economic Review
- Quarterly Review of Economics and Finance
- Borsa İstanbul Review
- Review of Managerial Science
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
BUSN7005 Contemporary Issues in Accounting
Prior Teaching:
BUSN1001 Business Reporting & Analysis
ENGN3211 Investment Decisions and Financial System
BUSN8007 Analysis of Financial Reporting
BUSN8010/BUSN4010 Special Topics in Commerce: Seminal Research in Accounting