Wan Wongsunwai
Wan Wongsunwai

Assistant Professor of Accounting Information & Management

Print Overview

Wan Wongsunwai is an Assistant Professor in the Accounting Information and Management department. His research interests include financial reporting quality, corporate governance, entrepreneurship and private equity. Wan received his Doctor of Business Administration degree from Harvard Business School. Prior to obtaining his doctoral degree and joining Kellogg, Wan worked as an equity analyst with ABN AMRO Bank, and he was ranked by Reuters as one of the Top 10 analysts in Hong Kong and China covering software and information technology.

Prior to that, he was a senior manager with PricewaterhouseCoopers in Hong Kong, where he had responsibility for professional staff recruitment, training, deployment, and promotion, and where he also managed his own portfolio of audit and due diligence clients.

Areas of Expertise
Corporate Governance
Financial Accounting
Financial Reporting
Security Analysis
Small Business Management
Venture Capital and Private Equity

Print Vita
Editorial Positions
Ad-hoc Reviewer, Contemporary Accounting Research
Ad-hoc Reviewer, European Accounting Review
Ad-hoc Reviewer, Asia-Pacific Journal of Accounting and Economics
Ad-hoc Reviewer, Journal of International Business Studies
Ad-hoc Reviewer, American Accounting Association - various meetings

Print Research
Research Interests
Financial accounting, venture capital, private equity, financial reporting, corporate governance

,  and . 2014. Debtholder Responses to Shareholder Activism: Evidence from Hedge Fund Interventions. Review of Financial Studies. 27(11): 3318-3342.
and . 2014. The Effect of Equity Misvaluation on Predictive Accuracy of Bankruptcy Mondels. Journal of Fixed Income. 24(2): 5-18.
. 2013. The Effect of External Monitoring on Accruals-Based and Real Earnings Management: Evidence from Venture-Backed Initial Public Offerings. Contemporary Accounting Research. 30(1): 296-324.
,  and . 2007. Smart Institutions, Foolish Choices: The Limited Partner Performance Puzzle. Journal of Finance. 62(2): 731-764.
Working Papers
and . 2015. The Effect of Managerial Fiduciary Duties on Accounting Practices: Evidence from Changes in Accounting Conservatism around the 1991 Credit Lyonnais Ruling.
. 2014. Venture Capital Backing and Political Connections of Newly Public Firms.
and . 2013. Shareholder Activism and CEO Quality.
and . 2014. Lenders' Demand for Conservatism in Financial Statements and in Debt Contract Modifications: Evidence from the 1991 Credit Lyonnais Ruling.
. 2014. Political Connections of Newly Public Firms: the Nurturing and Certification Roles of Venture Capital Investors.
. 2004. George McClelland at KSR (A), (B), (C ) Teaching Note. Boston: HBS Publishing.
. 2003. George McClelland at KSR (A). Boston: HBS Publishing.

Print Teaching
Teaching Interests
Financial accounting
Full-Time / Evening & Weekend MBA
Financial Reporting and Analysis (ACCT-451-0)
This course provides a study of current practices in corporate financial reporting and fundamental issues relating to asset valuation and income determination. The emphasis is on financial statement analysis and interpretation of existing financial disclosures. The course stresses critical analyses of financial reporting numbers as a basis for improved risk assessment and cash flow forecasting. Cases are used extensively to enhance relevance.

Seminar on Institutional Factors Relevant to Empirical Accounting Research (ACCT-520-6)
This course covers a variety of institutional factors affecting firms over a typical lifecycle, ranging from pre-IPO, IPO, life as a public entity, through to bankruptcy and liquidation. By completing readings and assignments, students develop a broad appreciation of the complex capital markets and financial environment in which firms operate.