Richard Chung
Griffith University
54 Papers
186 Citations
Richard Chung is an academic researcher from Griffith University. The author has contributed to research in topics: Institutional investor & Initial public offering. The author has an hindex of 14, co-authored 54 publications. Previous affiliations of Richard Chung include Hong Kong Polytechnic University & Concordia University.
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Papers
Institutional monitoring and opportunistic earnings management
TL;DR: In this paper, the authors examined whether large institutional shareholdings in a firm deter earnings management by its managers when those executives otherwise have incentives to increase or decrease reported profits, and they found that the presence of large institutional shareholders inhibit managers from increasing or decreasing reported profits towards the managers' desired level or range of profits.
994
Auditor Conservatism, Asymmetric Monitoring, and Earnings Management*
TL;DR: In this article, the authors investigate whether, and how, audit effectiveness differentiation between Big 6 and non-Big 6 auditors is influenced by a conflict or convergence of reporting incentives faced by corporate managers and external auditors.
580
Earnings management, surplus free cash flow, and external monitoring
TL;DR: The authors showed that low-growth companies with high free cash flow will use income-increasing discretionary accruals (DAC) to offset the low or negative earnings that inevitably accompany investments with negative net present values (NPVs).
447
The effects of stock liquidity on firm value and corporate governance: Endogeneity and the REIT experiment
TL;DR: In this paper, the authors examined the effects of stock liquidity on firm value and corporate governance using the Real Estate Investment Trust (REIT) setting and found that REIT stock liquidity is conducive to better corporate governance through the channel of institutional ownership, particularly for institutional investors with multi-firm ownership in their REIT portfolios.
120
Ownership structure and the pricing of discretionary accruals in Japan
TL;DR: In this article, the authors examined the valuation effect of discretionary accruals for Japanese firms, taking into account the book value of equity, and found that the Japanese market prices discretionary accumulation, indicating that discretionary accumulation enhances the value relevance of reported earnings.
104