3917 1532
KK 1202
University of North Carolina at Chapel Hill, Kenan-Flagler Business School
Ph.D., Business Administration (Accounting) – 2011
Brigham Young University, Marriott School of Management
B.S. in Accounting, Minor: Economics – 2006
Professor Derrald Stice joined the HKU Business School in July 2019. Previous to joining HKU, Derrald was a professor in the accounting department at HKUST for eight years. Derrald’s main research expertise relates to how accounting is used in the capital markets, with a particular emphasis on the debt markets. His research has been published in top accounting and finance journals and has been cited in The Wall Street Journal and Bloomberg. He has presented his research at many universities in many countries around the world. In addition to his research focus, Derrald has taught various graduate courses in accounting in Hong Kong, China, Saudi Arabia, and Russia and has provided corporate training for employees at Goldman Sachs.
Financial and Managerial Accounting – Undergraduate, Master’s, and MBA Levels
The use of accounting as a source of information in capital markets, with a particular emphasis on the debt markets. Areas of interest: debt contracting, debt covenants, auditing, financial analysts, and media.
我們的研究顯示，企業管理層傾向以不按比例的方式，匯報略高於以十進制作為單位的總收入（例如 1,000 萬、3,000 萬、10 億），並審視這種行為的動機和後果。聚焦研究以十進制表述收入有其重要之處，原因是儘管這種做法在高管薪酬合同、分析師預測和管理預測的目標收入設定中十分普遍，但過去從未有這方面的研究。我們的研究亦指出，實現這些目標的壓力為以十進制單位來匯報收入的做法提供了一種解釋。然而，這些激勵效應並不能提供完整的解釋，因為即使沒有這些明確的目標，仍會以十進制單位作為達標門檻。我們進一步發現，當公司首次達到以十進制單位的門檻時，不論有否達到其他目標，其新聞報導篇幅、機構持份、流動性和分析師關注度都會有所增加。這些結果表明，管理層會為了提高公司的整體知名度來達成以十進制作為單位的目標。總體而言，研究顯示了對本質上沒有經濟意義的十進制數字的偏好，並對市場參與者的行為具有可衡量的影響。這些研究結果為以往尚未探索過的一系列管理目標敞開了大門。
史德仁博士是一名思想家，教學家和運動員。多年來，他對會計學無可比擬的熱情和超凡的個人魅力使他在教學上屢獲殊榮。
