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Accès au campus et aux immeubles, cours et modalités de travail : retour à la normale à compter du samedi 12 octobre. Complément d’information : Direction de la protection et de la prévention.

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Wuyang Zhao

Title: 
Associate Professor, Accounting
Contact Information
Email address: 
wuyang.zhao [at] mcgill.ca
Alternate email address: 
nicoleta.anton [at] mcgill.ca
Address: 

Bronfman Building [Map]
1001 rue Sherbrooke Ouest
Montreal, Quebec
Canada
H3A 1G5

Degree(s): 

Ph.D. in Accounting,  University of Toronto, Canada (2017)

Ph.D. in Accounting, Fudan University, China (2013)

B.A. in Business Administration, Fudan University, China (2008)

Area(s): 
Accounting
Link(s): 
Wuyang Zhao's Google site
Building ID: 
Brofman
Office: 
488
Biography: 

Wuyang Zhao is an Associate professor in Accounting at Desautels Faculty of Management, McGill University, where he teaches various courses at the PhD, MBA, and undergrad programs. Before returning back to Canada in July 2024, he was an assistant professor at the McCombs School of Business, University of Texas at Austin, where he taught Financial Statement Analysis to MBA, MPA, and undergraduate students. He received his PhD from University of Toronto in 2017. Prior to studying in Canada, he received his Bachelor and PhD degrees at Fudan University. He is primarily interested in the roles of short-sellers and financial analysts in capital markets, particularly on issues that are relevant to practice. His research has been published on top accounting journals such as Journal of Accounting and Economics and Review of Accounting Studies, and quoted by mainstream media such as New York Times, Bloomberg, and Reuters. He also has experience working as an expert witness in lawsuits related to short sellers and hedge funds. 

Specialization: 

Financial Accounting; Asset Pricing

Courses: 

ACCT706: Research Design in Accounting (PHD)

ACCT452: Financial Reporting & Valuation (Undergrad)

ACCT618: Financial Reporting: Structure & Analysis (MBA)

Areas of expertise: 

Short selling; Financial analyst; Equity research; Financial statement analysis; Valuation

Curriculum vitae: 
PDF icon wuyang_zhao_cv_august_15_2024.pdf
Group: 
Faculty
Tenured & Tenure Track
Taught previously at: 

McCombs School of Business, University of Texas at Austin

Selected publications: 

  1. “Verifiable Content in Social Media Stock-Analysis Articles: The Long and Short of It” with Lei Chen, Shuping Chen, and Tian Gao. Journal of Business, Finance and Accounting. Accepted. 

  2. “Exposure to Superstar Firms and Financial Distress” with Stephanie Cheng, Dushyant Vyas, and Regina Wittenberg-Moerman. Review of Accounting Studies. Accepted. 

  3.  "Stock-Based Compensation, Financial Analysts, and Equity Overvaluation" with Partha Mohanram and Brian White. 2020. Review of Accounting Studies 25: 1040-1077. 

  4.  "Analysts' Stock Ownership and Stock Recommendations" with Jesse Chan, Steve Lin, and Yong Yu. 2018. Journal of Accounting and Economics 66(2-3): 476-498.

  5.  "Market Reactions to the Closest Peer Firm’s Analyst Revisions" with Ole-Kristian Hope. 2018. Accounting and Business Research 48(4): 345-372. 

  6.  "Blockholder Exit Threats in the Presence of Private Benefits of Control" With Ole-Kristian Hope and Han Wu. 2017. Review of Accounting Studies 22: 873-902.

  7.  "Third-Party Consequences of Short-Selling Threats: The Case of Auditor Behavior" With Ole-Kristian Hope and Danqi Hu. 2017.  Journal of Accounting and Economics 63(2-3): 479-498. 

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