Associate Professor Tak Yan Leung has extensive experience in teaching a wide variety of courses in the accounting discipline in various universities at both post-graduate and undergraduate levels. Her research interests include corporate governance, audit pricing, ESG reporting, and executive compensation. Dr Leung has won several competitive research grants and published articles in several top international journals, including Academy of Management Journal, Journal of Corporate Finance, European Journal of Marketing, Accounting and Finance, International Review of Economics and Finance, British Journal of Management, Journal of Empirical Finance, International Business Review, among others. She serves as a member of the Editorial Review Board of the Journal of Business Research and Asia-Pacific Journal of Taxation of The Taxation Institute of Hong Kong.
Professional memberships
- CPA Australia
Awards
- 'Diversity as an Innovative Means to Improve Corporate Governance: A New Perspective’ won the Best Paper Award of 1st International Conference on Innovations in Business, Trade and Commerce 2022, jointly organized by the School of Commerce of MIT World Peace University, the Association of Chartered Certified Accountants Institute (ACCA), and Institute of Company Secretaries of India (ICSI).
- 'Gender diversity and securities fraud’ won the Katie Shu Sui Pui Charitable Trust – Outstanding Research Publication Award Special Prize 2017.
- 'Gender diversity and securities fraud’ won the Best Paper Award in the 11th EBES Conference, September 2013.
- 'Short interest, insider trading and stock returns’ won the Hong Kong Asian Capital Markets Research Prize 2007, jointly organized by CFA Institute Research Foundation and Hong Kong Society of Financial Analysts.
Research grants
| Project name | Investigators | Funding body | Year(s) | Focus |
|---|---|---|---|---|
|
Demystifying Audit Pricing: Is There Auditor’s Optimistic Bias? |
Tak Yan Leung, Pattarin Adithipyangkul |
RGC Faculty Development Scheme (FDS) 2020-2021 Exercise of Research Grants Council of Hong Kong SAR Government, HK$847,406 |
2021-2022 |
Audit pricing |
|
Audit Fee and Political Connections: The Moderating Effects of Local Institutional Environment and Gender Diversity |
Pat Yan Cheung, Tak Yan Leung, Pattarin Adithipyangkul |
RGC Faculty Development Scheme (FDS) 2020-2021 Exercise of Research Grants Council of Hong Kong SAR Government, HK$824,944 |
2021-2023 |
Audit pricing |
|
Auditee Stickiness with Big-N Auditors: An Analysis of Switching Costs and Benefits in the Financial Audit Markets |
Mike Fung, Louis Cheng, Tak Yan Leung |
RGC General Research Fund (GRF) 2017-2018 Exercise of Research Grants Council of Hong Kong SAR Government, HK$168,251 |
2018-2019 |
Switching cost |
|
Management Demography, Board Governance and Reprimanding Sanction: Evidence from a Transitional Economy |
Louis Cheng, Tak Yan Leung |
RGC General Research Fund (GRF) 2011-2012 Exercise of Research Grants Council of Hong Kong SAR Government, HK$299,782 |
2012-2013 |
Board governance |
|
Industry Concentration and the Global Effect of Arthur Andersen’s Bankruptcy on Auditing Services |
Judy Tsui, Louis Cheng, Tak Yan Leung |
RGC General Research Fund (GRF) 2011-2012 Exercise of Research Grants Council of Hong Kong SAR Government, HK$292,946 |
2012-2013 |
Audit service |
|
The Role of Foreign Investors on the Performance of H-share Firms |
Tak Yan Leung |
RGC General Research Fund (GRF) 2008-2009 Exercise of Research Grants Council of Hong Kong SAR Government, HK$250,800 |
2009-2010 |
Foreign investors |
Research areas
- corporate governance
- audit pricing
- ESG reporting
- executive compensation
- Sharma, P., T.Y. Leung, and P. Adithipyangkul, 2023, Impact of relative compensation to executive directors with marketing experience on marketing performance: toward an integrative framework, European Journal of Marketing 57(1), 125-148.
- Sharma, P., R. Kingshott, T.Y. Leung, and A. Malik, 2022, Dark side of business-to-business (B2B) relationships, Journal of Business Research 144, 1186-1195.
- Sharma, P., G. Malik, and T.Y. Leung, 2022, Co-Creating Innovative Tourist Experiences: Towards an Integrative Framework, Tourism Analysis.
- Cumming, D. and T.Y. Leung, 2021, Board Diversity and Corporate Innovation: Regional Demographics and Industry Context, Corporate Governance: An International Review 29, 277-296.
- Leung, T.Y. and P. Sharma, 2021, Differences in the Impact of R&D Intensity and R&D Internationalization on Firm Performance – Mediating Role of Innovation Performance, Journal of Business Research 131, 81-91.
- Leung, T.Y. and P. Sharma, 2021, Demystifying the Dark Side of Board Political Capital, Journal of Business Research 126, 307-318.
- Adithipyangkul, P., H.Y. Hung, and T.Y. Leung, 2021, An auditor's perspective of executive incentive pay and dividend payouts in family firms, Journal of Family and Economic Issues 42, 697-714.
- Leung, T.Y., P. Sharma, P. Adithipyangkul, and P. Hosie, 2020, Gender Equity and Public Health Outcomes: The Covid-19 Experience, Journal of Business Research 116, 193-198.
- Sharma, P., T.Y. Leung, R.P.J. Kingshott, N.S. Davcik, and S. Cardinali, 2020, Managing Uncertainty During a Global Pandemic: An International Business Perspective, Journal of Business Research 116, 188-192.
- Sharma, P., L.T.W. Cheng, and T.Y. Leung, 2020, Impact of Political Connections on Chinese Export Firms’ Performance – Lessons for Other Emerging Markets, Journal of Business Research 106, 24-34.
- Leung T.Y., J. Wong, C.Y.J. Liu, 2019, The Impact of Tax-related Incentives on Innovation: Evidence from China, Asia-Pacific Journal of Taxation 23(2), 51-61.
- Fung, M.K., L.T.W. Cheng, and T.Y. Leung, 2019, The Signaling Cost of Hiring a Large Auditor: Evidence from the Fee Differential between Large and Small Auditors, International Journal of Monetary Economics and Finance, 12 (3), 196-211.
- Adithipyangkul, P. and T.Y. Leung, 2019, Gender Diversity, Institutional Factors, and CEO Compensation in China, The Chinese Economy 52 (1), 24-40.
- Adithipyangkul, P. and T.Y. Leung, 2018, Incentive Pay for Non-executive Directors: The Direct and Interaction Effects on Firm Performance, Asia-Pacific Journal of Management 35, 943-964.
- Cheng, L.T.W., R. Chan, and T.Y. Leung, 2018, Impact of Perk Expenditures and Marketing Expenditure on Corporate Performance in China: The Moderating Role of Political Connections, Journal of Business Research 86, 83-95.
- Brockman, P., L.T.W. Cheng, and T.Y. Leung, 2016, The Impacts of Foreign Strategic and Corporate Investors on H-share IPO Performance, Asia-Pacific Journal of Financial Studies 45 (6), 886-915.
- Cheng, L.T.W. and T.Y. Leung, 2016, Government Protection, Political Connection and Management Turnover in China, International Review of Economics and Finance 45, 160-176.
- Adithipyangkul, P. and T.Y. Leung, 2016, Large Shareholders and Independent Director Equity Compensation, Australian Accounting Review 26 (2), 208-221.
- Adithipyangkul, P. and T.Y. Leung, 2015, State Ownership, Legal Institution, and Independent Director Compensation: An Exploratory Study in China, The Chinese Economy 48 (6), 430-448.
- Cumming, D., T.Y. Leung, and O.M. Rui, 2015, Gender Diversity and Securities Fraud, Academy of Management Journal 58 (5), 1572-1593.
- Firth, M., T.Y. Leung, O. M. Rui, and C. Na, 2015, Relative Pay and its Effects on Firm Efficiency in a Transitional Economy, Journal of Economic Behavior and Organization 110, 59-77.
Cheng, L.T.W., T.Y. Leung and W. Yu, 2014, Information Arrival, Changes in R-square and Pricing Asymmetry of Corporate News, International Review of Economics and Finance 33, 67-81. - Cheng, L.T.W. and T.Y. Leung, 2013, Reprimanding Sanction, Management Demography and Turnover, International Review of Accounting, Banking and Finance 5 (2), 3-34.
- Cheng, L.T.W. and T.Y. Leung, 2012, The Effects of Management Demography on Auditor Choice and Earnings Quality: Evidence from China, Review of Pacific Basin Financial Markets and Policies 15 (2).
- Cheng, L. T. W. and T. Y. Leung, 2011, Management Demography and Auditor Choice: The Case of China, International Review of Accounting, Banking and Finance 3 (2), 104-121.
- Gul, F. A., L. T. W. Cheng and T. Y. Leung, 2011, Perks and the Informativeness of Stock Prices in the Chinese Market, Journal of Corporate Finance 17, 1410-1429.
- Firth, M., T. Y. Leung and O. M. Rui, 2011, Insider Trading in Hong Kong: Tests of Stock Returns and Trading Frequency, Review of Pacific Basin Financial Markets and Policies 14 (3), 505-533.
- Cheng, L. T. W., W. Davidson and T. Y. Leung, 2011, Insider Trading Returns and Dividend Signals, International Review of Economics and Finance 20, 421-429.
- Chan, R. Y. K., L. T. W., Cheng and T. Y. Leung, 2011, Corporate Performance Implications of Relational Demographic Differences: On Age and Titles of Chairpersons vs. General Managers of Listed Chinese Companies, British Journal of Management 22 (1), 96-113.
- Firth, M., T. Y. Leung and O. M. Rui, 2010, Double Signals or Single Signal? An Investigation of Insider Trading Around Share Repurchases, Journal of International Financial Markets, Institutions and Money 20 (4), 376-388.
- Firth, M., T. Y. Leung and O. M. Rui, 2010, Justifying Top Management Pay in a Transitional Economy, Journal of Empirical Finance 17, 852-866.
- Cheng, L. T. W., R. Chan and T. Y. Leung, 2010, Management Demography and Corporate Performance: Evidence from China, International Business Review 19 (3), 261-275.
- Leung, T. Y., O. M. Rui and S. S. Wang, 2010, Stock Splits and Insider Trading, China Accounting and Finance Review 12 (1), 83-108.
- Cheng, L. T. W., H. G. Fung and T. Y. Leung, 2009, Why Do Poorly Performing Firms Pay Cash Dividends in Mainland China?, The International Review of Accounting, Banking and Finance 1 (1), 55-75.
- Cheng, L. T. W., H. G. Fung and T. Y. Leung, 2009, Dividend Preference of Tradable-share and Non-tradable-share Holders in Mainland China, Accounting and Finance 49 (2), 291-316.
- Cheng, L. T. W. and T. Y. Leung, 2008, Is There Information Content from Insider Trading Activities Preceding Earnings and Dividend Announcements in Hong Kong?, Accounting and Finance 48 (3), 417-438.
- Cheng, L. T. W., H. G. Fung, T. Y. Leung, 2008, What Drives the Cash Dividend Policy of the Poorly Performing Firms in Hong Kong?, Review of Pacific Basin Financial Markets and Policies 11 (3), 347-361.
- Leung, T. Y., 2007, Ownership Structure and Corporate Earnings in China, The Chinese Economy 40 (5), 52-66.
- Cheng, L. T. W., H. G. Fung, T. Y. Leung, 2007, Information Effects of Dividends: Evidence from the Hong Kong Market, Review of Quantitative Finance and Accounting 28, Issue 1, 23-54.
- Cheng, L. T. W., M., Firth, T. Y. Leung and O. Rui, 2006, The Effects of Insider Trading on Liquidity, Pacific-Basin Finance Journal 14 (5), 467-483.
- Cheng, L. T. W. and T. Y. Leung, 2006, Revisiting the Corroboration Effects of Earnings and Dividend Announcements, Accounting and Finance 46, 221-241.
- Cheng, L. T. W., R. Szeto and T. Y. Leung, 2005, Insider Trading Activities before the Simultaneous Announcements of Earnings and Dividends, Review of Pacific Basin Financial Markets and Policies 8 (2), 279-307.
- Cheng, L. T. W. and T. Y. Leung, 2004, A Comparative Analysis of Market-based and Accounting-based Performances of Diversifying and Non-diversifying Acquisitions in Hong Kong, International Business Review 13 (6), 763-789.
Dr Leung's research interests include corporate governance, audit pricing, ESG reporting and executive compensation.