Prof. Derrald Stice, University of Hong Kong, Hong Kong
Prof. Derrald Stice is an Associate Professor of Accounting at the University of Hong Kong (HKU) since 2019. He holds a Ph.D. in Business Administration (Accounting) from the University of North Carolina. His research interests include debt contracting, auditing, and firm innovation. Prof. Stice has published in top journals like Journal of Accounting and Economics and Journal of Business Finance and Accounting. He has taught various MBA and MAcc courses at HKU and HKUST, earning numerous teaching awards. He serves on editorial boards and is an academic trainer for Goldman Sachs. 📈🌍
Publication Profile
Google Scholar
🎓 Academic Qualifications
Prof. Derrald Stice holds a Ph.D. in Business Administration (Accounting) from the University of North Carolina at Chapel Hill, Kenan-Flagler Business School, where he studied from August 2006 to May 2011. 🧠📊 His doctoral research equipped him with advanced expertise in accounting theory and financial reporting. Prior to that, he completed his B.Sc. in Accounting with a minor in Economics at Brigham Young University’s Marriott School of Management in Provo, Utah, from September 1999 to April 2006. 📘📈 His strong educational foundation reflects a commitment to academic excellence and a passion for business and economic analysis. 🎓💼
🎓 Teaching Experience
Prof. Derrald Stice has extensive teaching experience in financial and managerial accounting across top institutions. 📘 At the University of Hong Kong, he teaches courses such as Accounting for Business Decisions in the IMBA program, consistently earning top evaluations (e.g., 95.3/100, 94.5/100). 🌟 He also teaches Financial Accounting and Decision Making in the MBA program (97.9/100) and Advanced Managerial Decision-Making in the MAcc program (100/100). 📊 At HKUST, he taught various accounting courses at undergraduate, MSc, and MBA levels—including programs in Saudi Arabia. 🧑🏫 His teaching career began at UNC Chapel Hill and BYU. 📚
🏅 Honours and Awards
Prof. Derrald Stice has been consistently recognized for his outstanding teaching and academic excellence. 🌟 He was awarded the IMBA Teaching Award in 2021 by HKU-Fudan University 🎓 and received the Franklin Prize for Teaching Excellence at HKUST in 2015. 🏆 He was also named among the Best 10 Lecturers on Campus at HKUST in 2012, a testament to his engaging teaching style and impact on students. 📘 Additionally, from 2012 to 2018, he earned repeated recognition through the Dean’s Letter of Teaching Recognition at HKUST, reflecting his sustained excellence in academia. 🎖️📚
🔬 Research Interests
Prof. Derrald Stice’s research primarily explores the intersection of accounting and financial decision-making. 📊 He focuses on how accounting information is used in debt contracting, examining its role in reducing information asymmetry between lenders and borrowers. 💼💵 His work also delves into auditing practices, analyzing how audit quality impacts financial transparency and investor confidence. ✅📘 Additionally, he investigates the relationship between accounting practices and firm innovation, assessing how financial reporting influences companies’ strategic innovation decisions. 💡🏢 His research contributes to a deeper understanding of the vital role accounting plays in corporate governance and economic development. 📈🔍
Publication Top Notes
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📘 The information role of audit opinions in debt contracting – 274 citations 📊, 2016 📅
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📘 The effect of bank monitoring on public bond terms – 69 citations 📊, 2019 📅
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📰 Stop the presses! Firm responses to newspaper closures – 39 citations 📊, 2021 📅
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💸 Cash flow problems can kill profitable companies – 30 citations 📊, 2017 📅
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🧾 Do banks care about analysts’ forecasts in loan contracts? – 26 citations 📊, 2018 📅
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🔍 Individual auditor quality and audit outcomes – 24 citations 📊, 2022 📅
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⚖️ Market response to implied debt covenant violations – 18 citations 📊, 2018 📅
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💡 Firm innovation and covenant tightness – 13 citations 📊, 2022 📅
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🧮 Teaching operating cash flow – 13 citations 📊, 2019 📅
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📝 Supply‐side determinants of debt covenant inclusion – 12 citations 📊, 2022 📅