Education

2005/09－2010/01    
Tsinghua University  Ph.D. in Accounting

2003/09－2005/07    
Sun Yat-Sen University  Master in Accounting

1996/09－2000/07    
Zhongnan University of Economics and Law  B.A. in Finance

Working Experiences

Professor,  Renmin University of China,  09/2018 – present

Associate Professor,  Central University of Finance and Economics,  10/2012 – 08/2018

Assistant Professor,  Central University of Finance and Economics,  06/2010 – 09/2012

Visiting Scholar,  University of Texas at Dallas,  02/2014 – 02/2015  

Research Assistant,  The University of Hong Kong,  12/2013 –01/2014                                  

Research Assistant,  The University of Hong Kong,  07/2013 – 08/2013

Research Assistant,  The University of Hong Kong,  06/2012 – 08/2012

Research Associate,  Chinese University of Hong Kong,  01/2012 – 04/2012

Post-Doctor,  Chinese University of Hong Kong,  07/2011 – 08/2011

Teaching fellow,  Tsinghua University,  09/2010 – 12/2011

Post-Doctor,  hinese University of Hong Kong,  04/2010 – 09/2010

Research Assistant,  Chinese University of Hong Kong,  10/2008 – 03/2010

Auditor,  GP Certified Public Accountants,  02/2002 – 08/2003

Auditor,  Zhong Tianqin Certified Public Accountants,  07/2000 – 12/2001

Earnings Management and Information Disclosure; Financial Analysts Behavior;Firm Valuation and Investment DecisionAccounting Standards and Accounting Quality

AuditingBig; Data Auditing; Accounting (MBA); Theory and Practice of Advanced Auditing (MPAcc); Corporate Finance (MPAcc); Business and Professional Ethics for Accountants

Selected Academic Articles

[1]  Wang, Brian Yutao, Ruiyao Xu, Jing Zhang. 2022. Outbreak risk, managerial distraction, and corporate information disclosure: Evidence from the COVID-19 pandemic. Pacific-Basin Finance Journal. 73: 1-17.

[2]  Wang, Brian Yutao, Chongluan Lu, Jing Zhang, Haishan Yu. 2021. Majority Shareholders’ Stock Sales, Dual Agency Conflicts, and Management Earnings Forecasts. Emerging Markets Finance and Trade. 58(7): 1883-1897

[3]  Wang, Brian Yutao, Shuo Li, Guangqiang Liu, Zhiqing Yang. 2021. Running out of Energy: the Price Effect of Energy Deficiency. Energy Economics. 100. 1-9.

[4]  Wang, Brian Yutao, Duan Mengran, Liu Guangqiang. 2021. Does the power gap between a chairman and CEO matter? Evidence from corporate debt financing in China. Pacific-Basin Finance Journal, 65(2021):1-15

[5]  Cheng, Qiang, Du, Fei, Wang, Yutao Brian, and Wang, Xin. 2019. “Do Corporate Site Visits Impact Stock Prices?” Contemporary Accounting Research, 36(1):359-388.

[6]  Duan, Mengran, Wang, Yutao and Wang Ruihua. 2019. External Governance Environment, Cash Dividend and Market Reaction. China Accounting Review (Chinese Journal), 17(1): 49-78

[7]  Wang, Yutao, Duan Mengran. 2019. Does Business Strategy Impact a Firm’s Management Earnings Forecasts? Management Review (Chinese Journal), 31(2): 200-213.

[8]  Wang, Yutao and Song, Yunling. 2018. The Optimistic Bias of Management Earnings Forecast, Analyst Forecasts Revision and Market Reaction. China Accounting Review (Chinese Journal), 16(1): 53-72。

[9]  Wang, Juxian, Wang, Yutao and Lu, Guihua. 2017. Corporate Characteristics, Analysts’ Cash Flow Forecasts and Analysts’ Earnings Forecasts Accuracy. Journal of Central University of Finance & Economics(Chinese Journal), 10:65-77.

[10]  Cheng, Qiang, Du, Fei, Wang, Xin and Wang, Yutao. 2016. “Seeing is Believing: Analysts’ Corporate Site Visits”. Review of Accounting Studies, 21(4): 1245-1286.

[11]  Zhai, Jinbu, Wang, Yutao. 2016. “Accounting Information Quality, Governance Efficiency and Capital Investment Choice”. China Journal of Accounting Research, 9(4): 251-266.

[12]  Wang, Yutao. 2016. “Public Information, Private Information and Financial Analysts’ Forecasts”. China Accounting and Finance Review, (3): 1-57.

[13]  Wang, Juxian, Wang, Yutao and Lu, Guihua. 2016. “Is Analysts’ Cash Flow Forecasts Useful: From the View of Information Supply”. South China Journal of Economics(Chinese Journal), (7): 1-17.

[14]  Wang, Juxian, Wang, Yutao, and Lu, Guihua. 2016. “Can Geographical Distance Affect the Behaviors of Financial Analysts?”, Journal of Central University of Finance & Economics(Chinese Journal), (1): 61-72.

[15]  Wang, Yutao, Chen, Yunsen and Wang, Juxian. 2015. “Management earnings forecasts and analyst forecasts: Evidence from mandatory disclosure system”, China Journal of Accounting Research, (8): 133-146.

[16]  Zhao, Gang, Liang, Shangkun, and Wang, Yutao. 2014. “Accounting conservatism, and bank loan contracts: Evidence from China”. China Journal of Accounting Studies, 2(3): 200-227.

[17]  Chen, Yunsen, Wang, Yutao, and Lin, Le. 2014. “Independent directors’ board networks and controlling shareholders’ tunneling behavior”, China Journal of Accounting Research, (7): 101-118.

[18]  Chen, Xiaolin, Kong, Dongming, and Wang, Yutao. 2014. “Auditor size, earnings management and information asymmetry”, China Accounting and Finance Review, (1): 29-60.

[19]  Liang, Shangkun, Zhao, Gang, and Wang, Yutao. 2013. “Accounting Transparency and Bank Loan Contracts: Evidence from Chinese Listed Companies”, China Accounting Review (Chinese Journal), (4): 457-490.

[20]  Yang, Kaiyuan, Liu, Bin, and Wang, Yutao. 2013. “The accrual anomaly in Capital Market: Misspecification or Mispricing”, Statistical Research(Chinese Journal), (10): 68-74.

[21]  Zong, Wenlong, Wang, Yutao, and Wei, Zi. 2013. “Do Equity Compensation reduce executive turnover? Empirical Evidence from China’s Security Market”. Accounting Research (Chinese Journal), (9): 58-63.

[22]  Chen, Xiaolin, Wang, Yutao and Chen, Yunsen. 2013. “Audit Firm size, industry expertise and probability of informed trading: empirical evidence from Chinese securities market”, Accounting Research (Chinese Journal), (2): 70-79.

[23]  Wang, Yutao, Chen, Xiao, and Xue, Jian. 2013. “Selling Non-tradable share: Income smoothing or investment returns maximization?”. Journal of Financial Research (Chinese Journal), (1): 164-176.

[24]  Wang, Yutao, and Wang, Yanchao. 2012. “Does Earnings Preannouncement Information Impose Effects on the Forecast Behavior of Financial Analysts”, Journal of Financial Research (Chinese Journal), (6): 202-218.

[25]  Zhang, Liqun, Wang, Yutao and Wang, Yanchao. 2012. “Research on taxation loading of listed firms in macro-environment: internal market view”, Taxation Research (Chinese Journal), (7): 26-29.

[26]  Wang, Yutao, Hou, Yu, and Chen, Xiaolin. 2012. “Accounting standard changes and foreign analyst behavior: Evidence from China”, China Journal of Accounting Research, (5): 27-43.

[27]  Zhai, Jinbu, Wang, Yutao, and Li, Dan. 2012. “The Analysis in What Factors Affect Financing Choice in M&A: Transaction Costs view”. China Accounting Review (Chinese Journal), (1): 17-32.

[28]  Zhai, Jinbu, Wang, Yutao, and Li, Dan. 2011. “The Effect of Financing Choice on M&A Performance: From the Perspective of Functional Fixation”. China Industrial Economics (Chinese Journal), (12): 100-110.

[29]  Liu, Yongtao, Zhai, Jinbu, and Wang, Yutao. 2011. “The Adoption of New Accounting Standards on Earnings Management”. Economic Theory and Business Management (Chinese Journal), (11): 55-67.

[30]  Chen, Yunsen, Zhu, Song, Wang, Yutao. 2011. “Corporate Fraud an Bank Loans: Evidence from China”. China Journal of Accounting Research, (4): 155-165.

[31]  Yin, Lifeng, Wang, Yutao, and Deng, Yihong. 2011. “Estimation of Effective Tax Rates of Enterprises After the Unification of Two Sets of Corporate Income Tax Laws”. Taxation Research (Chinese Journal), (9): 18-21.

[32]  Wang, Yutao, Xue, Jian, and Li, Lu. 2010. “Does Fair Value Measurement Model have Value Relevance? Empirical Evidence from Financial Assets Investigation”. China Accounting Review (Chinese Journal), (4): 383-398.

[33]  Wang, Yutao, Chen, Xiao, and Hou, Yu. 2010. “The Local Analysts’ Information Advantage: Geographical Proximity or Difference in Accounting Standards?”. Accounting Research (Chinese Journal), (12): 34-40.

[34]  Chen, Yunsen, Wang, Yutao. 2010. “Audit Quality, Transaction Cost and Mode of Trade Credit”. Audit Research(Chinese Journal), (6): 77-85.

[35]  Hou, Yu, Wang, Yutao. 2010. “Control Right Transfer, Investor Protection and Ownership Concentration: New Empirical Evidence From Control Right Transfer”. Journal of Financial Research (Chinese Journal), (3): 167-182.

[36]  Yu, Peikun, Lee, Chi-Wen Jevons, Wang, Yutao. 2009. “Can Institutional Investors Beat Individual Investors?”. Journal of Financial Research(Chinese Journal), (8): 147-157.

[37]  Wang, Yutao, Xue, Jian, and Chen, Xiao. 2009. “Accounting Choice and Earnings Management: An Analysis on the Implementation of the New Accounting Standard”, China Accounting Review (Chinese Journal), (3): 255-270.

[38]  Wang, Yutao, Xue, Jian, and Chen, Xiao. 2009. “Can the Market Distinguish the Different Information Under the New Accounting Standards?”, Journal of Financial Research(Chinese Journal), (1): 136-150.

Selected Research Grants

[1] Principal Investigator, the National Natural Science Fund: “The Efficiency of Private Information Communication Between Institutional Investors and Enterprises: Visiting Contents, Characteristics and Corporate Behaviors”, 2020-2023, Grant No: 71972179.

[2] Beijing Municipal Natural Science Foundation: “Information Communication between Investors and Companies: the Effect of Q&A about Corporate Innovation”, 2020-2022, Grant No. 9202008.

[3] Principal Investigator, the National Natural Science Fund: “Research on Effects of Information Environment Changes on Behavior and Difference of Local and Foreign Analysts”, 2012-2014, Grant No: 71102124.

[4] Co-Investigator, General Research Fund (GRF): “Seeing is believing: Do analysts benefit from corporate site visits?”, 2013,  Grant No: 760913.

[5] Principal Investigator, the Ministry of Education Funded Projects: “Research on Information Environment Changes, Earnings Management and Investors’ Behaviors”, 2014-2015, Grant No: 13JHQ048.

Selected Presentations at Academic Meetings

[1] 2015.8.8-2015.8.12，American Accounting Association Annual Meeting, Chicago, USA. Paper title: Seeing is Believing: Do Analysts Benefit from Site Visits?

[2] 2014.1.10-2014.1.11, Financial Accounting and Reporting Section Midyear Meeting, American Accounting Association, Houston, USA. Paper title: “Are Investors’ Corporate Site Visits Informative?”

[3] 2013.8.3-2013.8.7, American Accounting Association Annual Meeting, Anaheim, USA. Paper title: “Are Investors’ Corporate Site Visits Informative?”

[4] 2013.7.7-2013.7.9, Research Conference of Chinese Accounting Professors Association of North America(CAPANA), The University of Hong Kong, Hong Kong. Paper title: “Are Investors’ Corporate Site Visits Informative?”. Best Paper Award.