Ciao-Wei Chen

About

Ciao-Wei Chen is an Associate Professor of Accountancy at the Gies College of Business, University of Illinois at Urbana-Champaign, and a PwC Faculty Fellow. He holds a Ph.D. in Accounting from the University of Iowa, earned in 2015, along with a Master of Accountancy from the same university and a B.B.A. in Accounting from National Taiwan University. His research focuses on capital markets, financial reporting, corporate investments, mergers and acquisitions, and disclosures. Chen has contributed to the understanding of financial statement analysis, the disciplinary role of financial statements, and the effects of tax-motivated income shifting on information asymmetry. He has published extensively in reputable journals and presented his research at various conferences. Chen has received multiple awards, including the PricewaterhouseCoopers LLP Faculty Fellowship and recognition as a Teacher Ranked as Excellent by students for several years. His current courses include advanced financial reporting and financial statement analysis for MBAs, emphasizing the application of authoritative accounting standards and the analysis of financial information for decision-making.

Research topics

• Computer Science
• Business
• Psychology
• Economics
• Political Science
• Finance
• Microeconomics
• Actuarial science
• Accounting
• Social psychology

Selected publications

• Board Gender Diversity and Investment Efficiency: Global Evidence from 83 Country-Level Interventions

  The Accounting Review · 2023 · 66 citations

  ABSTRACT We investigate the effect of board gender diversity (BGD) on investment outcomes. We identify variation in BGD by compiling, for the first time, a global catalog of 83 BGD interventions implemented in 59 countries between 1999 and 2021. Using a staggered difference-in-differences research design, we document that BGD interventions improve investment outcomes. We find that treated firms reduce inefficient investment by 0.6 percent of total assets or 6.5 percent of total investment and ar…

  PublisherOA PDFDOI

• CFO Overconfidence and Cost Behavior

  Journal of Management Accounting Research · 2021 · 58 citations

  1st authorCorresponding

  ABSTRACT Using a large sample of U.S. firms, we provide evidence of the effect of CFO overconfidence on firms' resource adjustment decisions. After controlling for CEO overconfidence, we find CFO overconfidence is positively associated with cost stickiness. We also find that CFO power relative to the CEO increases the positive association between CFO overconfidence and cost stickiness. Our study contributes to our understanding of the important role of CFOs in operational decisions such as resou…

  PublisherDOI

• Management Control System Design and Employees' Autonomous Motivation

  Journal of Management Accounting Research · 2019-12-11 · 38 citations

  article1st authorCorresponding

  ABSTRACT Using an online survey of 468 U.S. employees from diverse industries and professions, we provide empirical evidence that management control system design choices can affect autonomous motivation in employees. Drawing on self-determination theory and the levers of control framework, we predict and find that employee autonomous motivation is positively associated with the use of beliefs control systems and interactive control systems and negatively associated with the use of diagnostic co…

  PublisherDOI

• Accounting Performance Goals in CEO Compensation Contracts and Corporate Risk Taking

  Management Science · 2021 · 31 citations

  1st authorCorresponding

  This study provides the first large-sample archival evidence on the impact of three commonly used accounting performance goals (thresholds, targets, and maximums) in CEO compensation contracts on corporate risk taking. Using proxy statement disclosure on performance goals for CEOs of U.S. public companies, we find that lower thresholds and higher maximums are associated with greater corporate risk taking, and these results are more pronounced when CEOs have greater incentives to achieve accounti…

  PublisherDOI

• The Effect of Advice Valence on the Perceived Credibility of Data Analytics

  Journal of Management Accounting Research · 2021-06-23 · 19 citations

  article1st authorCorresponding

  ABSTRACT We use an experiment to examine how advice valence (i.e., whether the advice suggests good news or bad news) affects the perceived source credibility of data analytics compared to human experts as a result of motivated reasoning. We predict that individuals will perceive data analytics as less credible than human experts, but only when the advice suggests bad news. Using a forecasting task in which individuals are seeking advice from either a human expert or data analytics, we find evid…

  PublisherDOI

Frequent coauthors

• Flora H. Zhou

  Bentley University

  10 shared

• Jae Yong Shin

  Seoul National University

  9 shared

• Steve Wu

  Western University

  5 shared

• Tatiana Sandino

  5 shared

• Jeremy B. Lill

  University of Kansas

  4 shared

• Theodore Sougiannis

  University of Illinois Urbana-Champaign

  4 shared

• Laura W. Wang

  University of Illinois Urbana-Champaign

  4 shared

• Michael G. Williamson

  University of Illinois Urbana-Champaign

  3 shared

Education

• PhD, Leventhal School of Accounting

  University of Southern California

  2006

Awards & honors

• PricewaterhouseCoopers LLP Faculty Fellowship, University of…
• List of Teachers Ranked as Excellent by their Students, Univ…

Similar researchers at University of Illinois Urbana-Champaign

• Matias Carrasco Kindh-102
• Robert Brunnerh-59
• Fei Duh-14