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e-bulletin October 2018

Accounting and Finance Students are Runners-up in EY Cyber Asia Case Competition

(From left) Wang Runfeng, Feng Wenxuan, He Shiqi and Xiu Huize
(From left) Wang Runfeng, Feng Wenxuan, He Shiqi and Xiu Huize

Three students reading for the BBA (Hons) in Accounting and Finance degree teamed up with a student from another department of PolyU to win the runner-up prize in EY Cyber Asia Case Competition 2018. The team members were Mr Oswin Wang Runfeng, Miss Sophie Feng Wenxuan, Mr He Shiqi (Department of Computing), and Miss Sara Xiu Huize.

The first EY Cyber Asia Case Competition was open to undergraduates and postgraduates from universities in Hong Kong, mainland China, Singapore and South Korea. Entrants worked together to analyse a cyber-attack case, agree on quick response, and make a presentation.

 

Three Faculty Graduates are Top Students in HKICPA QP Exam

Three recent graduates of BBA (Hons) degrees obtained top scores in two sessions of the Qualification Programme (QP) examination hosted by the Hong Kong Institute of Certified Public Accountants (HKICPA). They received the awards in September 2018.

Graduate Curriculum QP exam
Miss Chu Wenrong Management Top student in
Module B (Corporate financing)
December 2017
Mr Song Siyuan Management Top student in Final exam
Silver award (BDO prize) winner
December 2017
Mr Chan Yee Chun Accountancy Top student in
Module A (Financial reporting)
June 2018


At the awards presentation
At the awards presentation

 

Miss Chuen Sui Ting Wins CILTHK Kerry Logistics Scholarship

Chuen Sui Ting
Chuen Sui Ting

Miss Jessica Chuen Sui Ting, reading for the BBA (Hons) in International Shipping and Transport Logistics degree, won CILTHK Kerry Logistics Scholarship 2017-2018 at degree level.

The scholarship is a collaboration between The Chartered Institute of Logistics and Transport in Hong Kong (CILTHK) and Kerry Logistics and supports full-time students taking bachelor's and master's degree programmes in logistics. During the final round of recipient selection, Sui Ting delivered a presentation on Automation in Logistics during which she highlighted application of knowledge and observation during a cargo centre visit arranged by the scholarship offeror.

 

Faculty Presents Awards and Fellowship

For the 2017-2018 academic year, a total of six Faculty members in the School of Accounting and Finance (AF) and the Department of Logistics and Maritime Studies (LMS) won Faculty Awards and Prizes for Outstanding Performance and Achievement.

Faculty Award Recipient
Research and Scholarly Activities Professor Jeffrey Ng (AF)
Services Dr Jimmy Jin (AF)
Faculty Prize Recipient
Teaching Dr Gang Hu (AF)
Research and Scholarly Activities Dr Amanda Wang (LMS)
Dr Zhou Xu (LMS)
Services Dr Achim Czerny (LMS)

For the same year, three Faculty members were awarded Faculty Fellowship for contributing to the research and repute of PolyU and the Faculty.

Faculty Fellow Department
Professor Pengfei Guo Department of Logistics and Maritime Studies
Dr Sarah Wan Department of Logistics and Maritime Studies
Dr Shuaian (Hans) Wang Department of Logistics and Maritime Studies

The presentation ceremony was held on 18 October 2018.


At the presentation ceremony
At the presentation ceremony

 

RESEARCH INSIGHTS

Yong Zhang
Dr Yong Zhang

Insider Trading Restrictions and Insiders' Supply of Information: Evidence from Earnings Smoothing
Contemporary Accounting Research, 35 (2), 898–929 (2018)
Ivy Zhang, University of Minnesota
Yong Zhang, The Hong Kong Polytechnic Universi

The authors exploit the setting of first-time enforcement of insider trading laws to investigate the relationship between insider trading opportunities and insiders' supply of information. Insider trading opportunities motivate insiders to reduce their supply of information by concealing firm performance, thereby increasing their information advantage over outsiders, resulting in higher insider trading profits. Using data from 40 countries over the 1988–2004 period, the authors find that reporting opacity, as captured by earnings smoothness, decreases significantly after the initial enforcement of insider trading laws in countries with strong legal institutions. The decrease in earnings smoothness is positively related to the strictness of insider trading laws. The decrease in earnings smoothness is also more pronounced for countries that have more persistent insider trading law enforcement and for countries that impose more severe penalties on insider trading cases. Further analyses show that the decrease in earnings smoothness following insider trading enforcement is concentrated among firms that are not closely held and among high-growth firms. In addition to uncovering a channel through which insider trading restrictions affect the information environment, the authors’ evidence highlights the importance of country- and firm-level governance structures in determining the consequences of insider trading restrictions. The findings of this paper have important implications for insider trading regulations.

 

Dr Liu Wu
Dr Liu Wu

Cleansing My Abuse: A Reparative Response Model of Perpetrating Abusive Supervisor Behavior
Journal of Applied Psychology, 103 (9), 1039-1056 (2018)
Zhenyu Liao, Washington University in St. Louis
Kai Chi Yam, National University of Singapore
Russell E. Johnson, Michigan State University

Liu Wu, The Hong Kong Polytechnic University
Zhaoli Song, National University of Singapore

Many of us have had a bad workplace interaction with a boss – for example, being yelled at or sworn at in front of others, receiving no credit for work that required serious effort or extra hours, or being humiliated for a past mistake. But have you thought how your boss might have felt after mistreating you? Did you notice a change in his or her behavior? It is common to assume that the boss would simply pretend that nothing happened or would even quietly blame the employee for the outburst. However, in a set of studies published in the Journal of Applied Psychology, the authors found that this is not necessarily true – some leaders actually feel bad and try to make amends.

Drawing from the literature on moral cleansing and moral courage, the authors posit that supervisors who engage in abusive behavior may paradoxically engage in more positive leadership behaviors subsequently as a result of feeling guilty. In addition, leader moral courage strengthens these effects by 1) amplifying the intensity of experienced guilt after perpetrating abusive supervisor behaviors, and 2) increasing the likelihood to perform reparative actions after experiencing feelings of guilt. Their research contributes to the theoretical understanding of leaders' responses toward their own abusive supervisor behavior and provides insights into how and when destructive leadership behaviors may, paradoxically, trigger more constructive behaviors.