Dr. Hong Fan’s research explores firms’ opportunistic behavior and the influence of macro-level institutions on micro-level corporate decisions. Her work examines how firms strategically respond to external forces such as government incentives, political connections, and institutional constraints, particularly in the areas of taxation, financial reporting, and ESG performance. Using empirical data from China and Canada, Dr. Fan analyzes the effects of public policies—such as wage subsidies and government-guided funds—on corporate actions, revealing both intended outcomes and unintended consequences. A central theme in her research is the interplay between policy design and firm strategy, shedding light on how organizations navigate complex regulatory and economic environments. By linking macroeconomic context with firm-level behavior, her work advances understanding of corporate accountability, sustainable finance, and the effectiveness of government interventions.
[1] Wang, S., Hu, H., & Fan, H. (2025). Does supply chain finance improve firms’ ESG performance?. Economics Letters, 247, 112098.
[2] Song, X., Fan, H., Zhou, L., & San, Z. (2024). Executive-employee pay gap and professor directors: Evidence from China. Pacific-Basin Finance Journal, 102425. DOI: https://doi.org/10.1016/j.pacfin.2024.102425
[3] Mawani, A., & Fan, H. (2023). COVID-19 Wage Subsidy Disclosure and Firms’ Contemporaneous Dividend Payouts. Canadian Tax Journal/Revue fiscale canadienne, 71(3), 667-699.
[4] Chen, L., Fan, H., & Song, X. (2023). Impact of professor‐directors on Chinese firms' environmental performance. International Review of Finance. DOI: https://onlinelibrary.wiley.com/doi/full/10.1111/irfi.12416
[5] Fan, H., Mawani, A., & Chen, L. (2023). The role of information asymmetry in closely-held firms’ tax and financial reporting choices. Accounting and Business Research, 53(2), 185-209.
[6] Fan, H., & Chen, L (2022). Political connections, Business Strategy and Tax Aggressiveness: Evidence from China. China Accounting and Finance Review. DOI: https://doi.org/10.1108/CAFR-07-2022-0086
[7] Balsam, S., Fan, H., Mawani, A., & Zhang, D. (2022). The Impact of the Use of Cross-Border Compensation Peers: The Case of Canadian Companies Using US Peers. Journal of Accounting, Auditing & Finance, 37(3), 562-585.
[8] Fan, H., & Song, X. (2020). The advantages of combining mobile technology and audience response systems. Journal of Accounting Education, 50, 100657.
[9] Fan, H., & Song, X. (2019). Earnings management of Chinese central state-owned enterprises–the effects of state level incentives. Asia-Pacific Journal of Accounting & Economics, 26(6), 643-658.