Mingzhi Liu

Mingzhi Liu
University of Manitoba | UMN · Department of Accounting and Finance

PhD

About

16
Publications
10,978
Reads
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398
Citations
Additional affiliations
April 2017 - present
University of Manitoba
Position
  • Professor (Associate)
July 2011 - March 2017
University of Manitoba
Position
  • Professor (Assistant)
July 2011 - present
University of Manitoba
Position
  • Instructor
Description
  • ACC 1100 Introduction to Financial Accounting ACC 3030 Advanced Financial Accounting

Publications

Publications (16)
Article
Full-text available
Building upon recent research which indicates that debt markets rather than equity markets shape financial reporting, this study examines how conditionally conservative financial reporting relates to the yield spread of corporate bond issues. Our findings suggest that the debt contract efficiency/information costs view of conditional conservatism,...
Article
Using a sample of 2,000 largest industrial firms in the U.S, we investigate how family involvement influences corporate diversity and whether a governance mechanism – dual-class share structure – moderates such effect. Contrary to typical socioemotional wealth (SEW) predictions, we argue that family firms will tend to engage less in diversity than...
Article
Using a sample of 2,000 largest industrial firms in the U.S, we investigate how family involvement influences corporate diversity and whether a governance mechanism – dual-class share structure – moderates such effect. Contrary to typical socioemotional wealth (SEW) predictions, we argue that family firms will tend to engage less in diversity than...
Article
Full-text available
This study explores the influence of climate risk on properties of firms' financial reporting practices with observations collected from 64 countries between 2005 and 2016. We use a country-level climate risk indicator developed by Germanwatch to measure the degree of damage from extreme weather events, and find that climate risk positively influen...
Article
Full-text available
Using a sample of politically affiliated private firms in China, we explore the relation between corporate financial distress and earnings management. We further examine the joint moderating effects of political affiliation and regional development on this relation. The findings suggest that financially-distressed firms engage more in reporting sma...
Article
Full-text available
Using a sample of 4195 observations from 19 emerging markets, we investigate how internal corporate governance, external monitoring, and legal and business environment jointly affect a firm's managerial effectiveness in environmental information transparency in an international setting. The empirical results show that in emerging economies, firms w...
Article
Full-text available
This paper sheds light on the incongruent findings concerning the relationship between family involvement and firms’ corporate social responsibility (CSR). While prior studies have mainly taken the perspective of families’ socio-emotional wealth preservation, we approach this relationship from the perspective of behavioral agency theory, highlighti...
Article
Full-text available
Using a sample of 8,232 firms from 81 countries, we investigate the effect of government ownership on financial constraint and the effect of financial constraint on corporate performance. In addition, we address the moderating role of country-level corruption on those two relationships. Results show that government-owned firms face fewer financial...
Article
Full-text available
Using a sample of 5,486 observations from 25 countries between 2009 and 2013, we investigate the signaling effects of anti-misconduct policies on market valuation, and address the roles played by internal corporate governance mechanisms and external institutional environments. The results show that effective corporate governance mechanisms lead to...
Article
Full-text available
https://www.sciencedirect.com/science/article/pii/S0148296317300486. We investigate how family involvement in the ownership, management, or governance of a business affects its engagement in earnings management both directly and indirectly through its corporate social responsibility (CSR) activities. Using a sample of S&P 500 companies, we find tha...
Article
Full-text available
Using a sample of over two million observations of privately held firms from between 1999 and 2009, we explore the relationship between earnings quality and privately-held firm’s debt financing, both access to debt and cost of debt, as well as the moderating effects of provincial-level economic development on this relationship. Our findings indicat...
Chapter
Full-text available
Using a unique dataset, this study investigates whether certain groups of angel investors outperform others in China. The results show that it depends on the investment amount, such that angel investors affiliated with venture capitalists do not outperform others unless the investment amount is sufficiently high.
Article
Full-text available
This study examines how a firm’s corporate social responsibility (CSR) performance is associated with the cost of its new bond issues. Using credit ratings as an ex ante cost of debt, we find that better CSR performance is associated with better credit ratings. After controlling for credit ratings, our results show that better CSR performance is as...
Article
Full-text available
Building upon recent research suggesting that debt markets rather than equity markets shape financial reporting, this study examines the relationship between conditional conservatism (used as a proxy for information risk) and the underpricing of newly issued corporate bonds. There are two contrasting arguments for bond underpricing: the information...
Article
Full-text available
Purpose – The purpose of this study is to investigate the effect of Chinese auditors’ personal values (guanxi and ethical orientations) on their ethical reasoning (ethical judgments and behavioral intentions). In addition, this study aims to explore the joint effect of guanxi and ethical orientation on auditors’ ethical reasoning. Design/methodolog...
Article
Full-text available
Research Question/Issue: Prior evidence suggests that investor protection enhances corporate valuation. Focusing on a key investor protection measure, namely, self-dealing regulations, this study examines whether and to what extent the private and public control components of that measure affect firm value. Private control of self-dealing regulatio...

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