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Ning Zhang



Ning Zhang is a professor of accounting at Smith School of Business, Queen’s University in Canada. 

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Academic Area

  • Accounting

Interest Topics

Faculty Details


Full Bio

Ning Zhang is a professor of accounting at Smith School of Business, Queen’s University in Canada.

He earned his PhD in business administration from Duke University in North Carolina and his master’s degree in economics from the State University of New York at Binghamton.

He is interested in the role of information and financial reporting incentives in financial markets. He has published his work in leading academic journals, including Journal of Accounting Research, Journal of Accounting and Economics, The Accounting Review, Management Science, and Review of Accounting Studies. He received Smith's research award in 2018.

Currently, he teaches financial accounting in the Commerce program. He also teaches financial and valuation analysis and financial modelling in the Master of Finance program. He was named as the Professor of the Year in the MFIN-Beijing program in 2022.

Academic Degrees

Ph.D. in Business Administration
Fuqua School of Business, Duke University (2013)

M.A. in Economics
State University of New York at Binghamton (2007)

B.S. in Management
Tsinghua University (2004)

Academic Experience

Smith School of Business, Queen’s University
Professor (2023 - present)
Associate Professor (2019 - 2023)
Distinguished Faculty/Commerce ’83 Fellow of Accounting (2016 - Present)
Assistant Professor (2013 - 2019)


Journal Articles

The effects of anticipated future investments on firm values: evidence from mergers and acquisitions, June 2016, Review of Accounting Studies, 21:2, 516-558

Trust and corporate cash holdings, with E. Dudley, December 2016, Journal of Corporate Finance, 41, 363-387

Earnings management during antidumping investigations in Europe: sample-wide and cross-sectional evidence, with M. Welker and D. Godsell, May 2017, Journal of Accounting Research, 55:2, 407–457

Bowling alone, bowling together: Is social capital priced in bank loans? with C.S. Cheng, J. Wang, and S. Zhao, October 2017, Journal of Accounting, Auditing and Finance, 32:4 (lead article), 449–479.  

(Un)-intended consequence of mandatory dividend payout: evidence from a natural experiment, with M. Welker and K. Ye,  Journal of Accounting, Auditing and Finance, October 2017, 32:4, 510–535.

Trade credit financing and stock price crash risk, with K. Ye, F. Cao and S. Li, February 2018, Journal of International Financial Management and Accounting, 29, 30–56.

The effect of auditing on promoting exports: evidence from private firms in the emerging markets, with C.S.A. Cheng, W. Sun and K. Ye, April 2020, Management Science, 66:4, 1692-1716

The Impact of revealing auditor partner quality: evidence from a long panel, with C.S.A. Cheng, Y. Xu and K. Wang, December 2020, Review of Accounting Studies, 25, 1475-1506

Gone with the wind: An externality of earnings pressure, with Liu, H. Shen, M. Welker, and Y. Zhao, August 2021, Journal of Accounting and Economics, 72:1, 101403

Measuring accounting asset informativeness, with Q. Chen and K. Schipper, July 2022, The Accounting Review, 97:4, 209-236

The productivity effect of digital financial reporting, with Z. Liu, 2022, forthcoming, Review of Accounting Studies

In the Media

Smith Business Insight (Canada): Telling a Tale for a Tariff (2016); The Hidden Hand of Trust (2017); Tight Communities, Loose Lending (2018); Cooking the Planet (2021)

The Conversation (Canada): When companies massage the books, the environment takes a hit, 2021


Queen’s University

  • Financial Accounting (Bachelor of Commerce), 2013 to 2017, 2022-2023
  • Advanced Corporate Finance (Bachelor of Commerce), 2022
  • Equity Valuation (Master of Finance – Beijing), 2015 and 2016
  • Financial Modeling (Executive Master of Finance – Beijing), 2020 to 2022
  • Financial Computing (Master of Finance – Toronto, one-day workshop), 2016

Duke University

  • Financial Accounting (Undergraduate), Summer 2012

State University of New York at Binghamton

  • Mathematical Economic Analysis (Undergraduate), Spring 2008
  • Mathematical Analysis for Economists (Graduate), Fall 2007 

Graduate Student Advising

  • Z. Liu (2021, advisor; placement: Hong Kong Polytechnic University; now: Hong Kong Baptist University)
  • B. He (2021, advisor, placement: Queen’s post-doctoral fellow)
  • D. Godsell (2015; member; placement: Virginia Tech; now: UIUC)
MSc by research
  • C. Liu (now: Canada Post)
  • Z. Liu (Finance, PhD advisor, PhD at Queen’s)
  • Y. Ding (PhD at HEC Paris; now: Ecole de Management Léonard De Vinci)
  • E. Wang (PhD, Rotman, University of Toronto; now: Cornell Johnson)


Conference Presentations (*: Presented by coauthors)

American Accounting Association (Annual Meeting, 2012, 2013, 2015, 2018, 2019, Auditing Midyear, 2018, 2019*, International Midyear, 2015; Financial Accounting and Reporting Section, 2014*) 

Tsinghua International Corporate Governance Conference, 2012

Midwest Accounting Research Conference, 2013*

Annual Accounting Theory Conference, Carnegie Mellon University, 2012*

Global Issues in Accounting Conference, Kenan-Flagler School of Business, UNC Chapel Hill, 2014*

IFABS Oxford Conference 2015*

Paris Financial Management Conference 2015*

Journal of Accounting Research conference, Booth School of Business, University of Chicago, 2016*

Journal of Accounting, Auditing & Finance conference, Haskayne School of Business, University of Calgary, 2016

Junior Accounting Researcher Symposium (Best paper), Guanghua School of Management, Peking University, 2017* 

McMaster Accounting Symposium, 2019*

McGill Accounting Research Conference, 2019*

European Accounting Association Meeting 2019*

CJAR-JAPP (China Journal of Accounting Research and Journal of Accounting and Public Policy) virtual joint conference (discussant), School of Management, Sun Yat-sen University, Guangzhou, China, 2020

The Chinese Accounting Association Annual meetings: China Journal of Accounting Studies semi-annual conference (Keynote speaker, virtual), 2021

China Journal of Accouting Studies, Audit Midyear conference (Keynote speaker, virtual), 2022

Selected Invited Workshops

  • Baruch, Binghamton, City University HK, CUHK-Shenzhen, Drexel, Duke (2), Frankfurt, HKUST, Jinan, Macau, McGill, Peking, Purdue, Queen’s, Renmin, Syracuse, Tsinghua (2), Tulane, UIUC
  • By coauthors: Berkeley, Carnegie Mellon, Columbia, Dartmouth, George Washington, Hawaii, HK Baptist, HKU, HK PolyU (2), LSE, LBS, Macau, Manchester, Manitoba, McGill (2) Miami-Ohio, Rutgers, Temple, Toronto, UCLA, Utah, UT-Arlington, UT-Dallas, Virginia Tech, Waterloo

Selected Invited Conference Participation

  • Review of Accounting Studies conference, Duke University, 2008
  • Duke-UNC fall camp, 2008 to 2012
  • Global Issues in Accounting Conference, 2011, 2013, and 2014
  • Emerging scholar conference, Frankfurt School of Finance and Management, 2019


Fellowships and Awards 

  • Professor of the Year teaching award, Master of Finance - Beijing (executive), 2022
  • New researcher achievement award, Smith School of Business, 2018
  • D.I. McLeod research assistance award (with M. Welker), Smith School of Business, 2013
  • Doctoral graduate fellowships, Fuqua School of Business, Duke University, 2008-2013
  • Outstanding scholar fellowships and graduate assistantships, State University of New York, 2005-2008
  • Best paper award, Junior Accounting Researcher Symposium, Guanghua School of Management, Peking University, 2017


Academic Services  

  • Associate Editor: Quarterly Journal of Economics and Management (2022 -)

Editorial review board member

  • Contemporary Accounting Research (2020 - )
  • Journal of International Accounting Research (2020 - )
  • China Accounting and Finance Review (2019 - ; Ad hoc Editor, 2021 to present)
  • International Journal of Accounting (2022 - )
Ad hoc Reviewer
  • Journal of Accounting and Economics
  • The Accounting Review
  • Management Science
  • Review of Accounting Studies
  • Journal of Corporate Finance
  • Journal of Accounting, Auditing and Finance
  • Journal of Business, Finance and Accounting
  • International Review of Economics and Finance
  • Corporate Governance: An International Review
  • Asia-Pacific Journal of Accounting and Economics
  • Asia-Pacific Journal of Financial Studies
  • Emerging Markets Finance and Trade

Reviewer for Canadian Academic Accounting Association research grants (2020 and 2021), SSHRC insight grants (2021)

Smith committees: Library (2013 - 2018); Building (2015); Statistic Canada (2017); PhD and MSc (2015, 2022), Database (2020); Commerce curriculum (2021)


  • American Accounting Association (2012 - present)
  • American Finance Association (2013 - 2014)
  • Canadian Academic Accounting Association (2013 - present)