The Chinese University of Hong Kong (CUHK) Business School records with deep sadness the passing of Prof. Woody Wu, Professor of School of Accountancy, on 29 May 2019. Prof. Wu is survived by his wife Li Xue and three daughters.
Prof. Wu joined CUHK Business School in 1995. He actively promoted the academic development of the University, and was the inaugural Co-director of the Executive Master of Professional Accountancy (EMPAcc) Programme. Prior to joining CUHK, he taught at the School of Business at Ramapo College of New Jersey, Stern School of Business at New York University, Bernard Baruch College at City University of New York, and School of Business and Management at the Hong Kong University of Science and Technology.
Prof. Wu was a prolific researcher with various papers published in well-respected Tier 1 accounting journals, including the Journal of Accounting Research, Contemporary Accounting Research and Review of Accounting Studies and Auditing: A Journal of Practice & Theory. His major research areas included banks, financial institutions and instruments, board of directors and corporate governance, business strategy and valuation analysis and the Chinese capital market and stock market. Among Prof. Wu’s widely cited papers in Tier 1 journals, including the ones titled “Ultimate Ownership, Income Management, and Extra-Legal Institutions” and “Market Consequences of Earnings Management in Response to Security Regulations in China”, were the pioneering papers in the world examining unanswered questions and reporting new research findings on the Chinese capital market.
Prof. Wu was a prominent scholar in accounting. His devotion to education and research earned him profound respect among his peers, colleagues and students. We are deeply saddened by the loss of a brilliant and honoured teacher and researcher. The School conveys its heartfelt condolences to the family of Prof. Wu.