Staff profile

Dr. Guanming He is a professor at Durham University, currently serving as Director of Internationalization and Library Representative for the department and the business school. His research appears in a variety of prestigious international journals (FT 50/ABS 4-3 ranked) and has been featured in numerous mainstream media and press releases. He serves as an ad hoc reviewer for a wide range of internationally reputable accounting, finance, management, and economics journals (FT 50/ABS 4-3 ranked) as well as books published by Cengage, Pearson, and SAGE. Thus far, he has performed hundreds of paper reviews for various top-tier and second-tier international journals, and received multiple reviewer awards. He presented his papers at the American Accounting Association annual meeting in 2009, 2010, 2012-2016, as well as at other major accounting conferences including AAA Financial Accounting and Reporting Section mid-year meeting. His papers also went for presentations at a host of major economics and finance conferences, including the American Economic Association annual meeting, Society of Government Economist conference, European meeting of the Econometric Society, China International Conference in Finance (CICF), SAFE Market Microstructure conference, Money, Macro, & Finance conference, Financial Risks International forum, and International Behavioral Finance conference, among many others. He earned best paper awards at the UK Academy of Information Systems 2025 annual conference, 3rd Australian Financial Market & Corporate Governance conference, 5th Research Symposium on Finance and Economics, 7th Indonesian Finance Association International Conference, and 24th and 26th International Business Research conference, attained a top paper award at the 28th annual Global Finance conference as well as a Best-in-Track paper award at the 35th annual meeting of the Academy of Finance, and was nominated as a finalist for the best overall conference paper award of European Financial Management Association. In recognition of his teaching, he was honored with excellent teaching awards in Nanyang Technological University and the University of Warwick. At Durham University, he has consistently achieved teaching evaluation scores above 90% and received faculty awards for contributions to pedagogy, research mentorship, cross-disciplinarity, internationalization, and the postgraduate research student community. He has served as Director of the Accounting PhD Program, and as the Business School representative on the university's research degree committee, from 2019 to 2023. He was President of the UK Alumni Association of Sun Yat-sen University from 2020 to 2022, having previously earned his undergraduate degree from this university in Guangzhou. 

Research areas: Guanming's research covers corporate reporting and disclosures, corporate finance, executive compensation, insider trading, financial analysts, digitalization, market anomalies, institutional investors, risk management, credit ratings, corporate innovation, corporate social responsibility, taxes, and business strategies, as well as the broader role of accounting and value-relevant information in business decision-making. He is also recognized for his expertise in the interdisciplinary research that straddles management and marketing, and is currently serving on the editorial advisory board of International Journal of Contemporary Hospitality Management, and on the editorial board of Corporate Governance: An International Review. His related research has been covered by the Columbia Law School's Blue Sky Blog on corporations and capital markets, the Canadian HR Reporter, the European Climate Change Review, the Institute of Chartered Accountants in England and Wales (ICAEW) insights, Bloomberg media, and MarketWatch, etc. 

Journal reviewer: Production and Operations Management; Review of Accounting Studies; Journal of International Business Studies; Contemporary Accounting Research; Journal of Management Studies; Human Relations; Journal of Corporate Finance; Journal of Banking and Finance; Journal of Business Finance & Accounting; Journal of Accounting and Public Policy; Journal of Business Ethics; Journal of Product Innovation Management; Journal of Empirical Finance; Journal of Accounting, Auditing and Finance; British Journal of Management; European Accounting Review; Risk Analysis: An International Journal; and many others.

Chapter in book

• Advancing Accounting Education: The Role of AI Technologies
  
  He, G., & Li, A. Z. (2026). Advancing Accounting Education: The Role of AI Technologies. In V. Q. Trinh & T. N. Pham (Eds.), The Future of Accounting and Finance: Embracing Technology, Digitalization, Sustainability, Education, and Employability (pp. 381-398). Springer Nature. https://doi.org/10.1007/978-3-032-03943-9_15
• An introductory note on the difference-in-differences and regression discontinuity design for the accounting and finance research
  
  He, G., Li, A. Z., & Shen, D. (2025). An introductory note on the difference-in-differences and regression discontinuity design for the accounting and finance research. In C. Lee, A. C. Lee, & J. C. Lee (Eds.), Handbook of Financial Econometrics, Statistics, Technology, and Risk Management (pp. 143-174). World Scientific. https://doi.org/10.1142/9789819809950_0004
• The Roles of Financial Analysts in the Stock Market
  
  He, G., & Li, A. Z. (2024). The Roles of Financial Analysts in the Stock Market. In C. Few Lee, A. C. Lee, & J. C. Lee (Eds.), Handbook of Investment Analysis, Portfolio Management, and Financial Derivatives (pp. 2293-2308). World Scientific Publishing. https://doi.org/10.1142/9789811269943_0073
• The economic consequences of corporate social irresponsibility and policy implications
  
  He, G., Li, Z., & Slack, R. (2023). The economic consequences of corporate social irresponsibility and policy implications. In F. Moshirian & C. Park (Eds.), Climate Change and Climate Finance: Current Experience and Future Directions (pp. 60-86). Asian Development Bank. https://doi.org/10.22617/TCS230333-2
• The role of earnings management in equity valuation
  
  He, G., Li, Z., & Shen, D. (2022). The role of earnings management in equity valuation. In C. Lee & A. Lee (Eds.), Encyclopedia of Finance (pp. 2061-2094). Springer Nature. https://doi.org/10.1007/978-3-030-73443-5_90-1

Journal Article

• Commercial reform and corporate investment efficiency: The roles of governmental administrative efficiency, information transparency, and regulatory oversight
  
  He, G., Liu, Y., Yu, L., & Zhou, Z. (2026). Commercial reform and corporate investment efficiency: The roles of governmental administrative efficiency, information transparency, and regulatory oversight. The British Accounting Review. Advance online publication, Article 101874. https://doi.org/10.1016/j.bar.2026.101874
• Restricting Insider Trading through Increasing Managerial Risk Aversion – A Behavioural Mechanism
  
  He, G., & Shen, D. (2025). Restricting Insider Trading through Increasing Managerial Risk Aversion – A Behavioural Mechanism. International Review of Financial Analysis, 106, Article 104555. https://doi.org/10.1016/j.irfa.2025.104555
• Does Digitalization Imply Uncertainty About the Future Prospects of a Firm? Evidence From Analyst Forecast Accuracy
  
  He, G., Li, A. Z., & Lin, T. (2025). Does Digitalization Imply Uncertainty About the Future Prospects of a Firm? Evidence From Analyst Forecast Accuracy. Financial Review, 61(1), 59-91. https://doi.org/10.1111/fire.70009
• Does commercial reform embracing digital technologies mitigate stock price crash risk?
  
  He, G., Li, Z., Yu, L., & Zhou, Z. (2025). Does commercial reform embracing digital technologies mitigate stock price crash risk? Journal of Corporate Finance, 91, Article 102741. https://doi.org/10.1016/j.jcorpfin.2025.102741
• The impact of superstition on corporate tax avoidance: How do CEOs trade off risks associated with tax avoidance?
  
  He, G., & Shen, D. (2024). The impact of superstition on corporate tax avoidance: How do CEOs trade off risks associated with tax avoidance? Journal of Accounting Literature. Advance online publication. https://doi.org/10.1108/JAL-02-2024-0020
• Does media coverage of firms' environment, social, and governance (ESG) incidents affect analyst coverage and forecasts? A risk perspective
  
  He, G., & Li, A. Z. (2024). Does media coverage of firms’ environment, social, and governance (ESG) incidents affect analyst coverage and forecasts? A risk perspective. International Review of Financial Analysis, 94, Article 103289. https://doi.org/10.1016/j.irfa.2024.103289
• How to make long-term investments in a stock market? A generic strategy for investors
  
  He, G., Li, Z., & Shen, D. (2024). How to make long-term investments in a stock market? A generic strategy for investors. Review of Pacific Basin Financial Markets and Policies, 27(1), Article 2450002. https://doi.org/10.1142/S0219091524500024
• Derivative disclosures and managerial opportunism
  
  He, G., & Ren, H. M. (2024). Derivative disclosures and managerial opportunism. Journal of Futures Markets, 44(3), 384-419. https://doi.org/10.1002/fut.22472
• Does analysts’ industrial concentration affect the quality of their forecasts?
  
  He, G., Sun, Y., & Li, A. Z. (2024). Does analysts’ industrial concentration affect the quality of their forecasts? Financial Markets and Portfolio Management, 38(1), 37-91. https://doi.org/10.1007/s11408-023-00435-0
• Does CEO debt-like compensation mitigate corporate social irresponsibility?
  
  Chen, L., He, G., & Krishnan, G. (2024). Does CEO debt-like compensation mitigate corporate social irresponsibility? Accounting Forum, 48(4), 594-634. https://doi.org/10.1080/01559982.2023.2195983
• Contribution to poverty alleviation: A waste or benefit for corporate financing?
  
  He, G., Li, Z., Yu, L., & Zhou, Z. (2023). Contribution to poverty alleviation: A waste or benefit for corporate financing? Journal of International Financial Markets, Institutions & Money, 89, Article 101875. https://doi.org/10.1016/j.intfin.2023.101875
• The impact of the Shanghai – Hong Kong stock market connection on corporate innovation: Evidence from mainland China
  
  He, G., Li, X., & Luo, J. (2023). The impact of the Shanghai – Hong Kong stock market connection on corporate innovation: Evidence from mainland China. International Journal of Finance and Economics, 28(3), 3132-3161. https://doi.org/10.1002/ijfe.2587
• How do executive pay and its gap with employee pay influence corporate performance? Evidence from Thailand tourism listed companies
  
  Ferry, L., He, G., & Yang, C. (2023). How do executive pay and its gap with employee pay influence corporate performance? Evidence from Thailand tourism listed companies. Journal of Hospitality and Tourism Insights, 6(1), 362-381. https://doi.org/10.1108/jhti-03-2021-0061
• Are financially constrained firms susceptible to a stock price crash?
  
  He, G., & Ren, H. (2023). Are financially constrained firms susceptible to a stock price crash? The European Journal of Finance, 29(6), 612-637. https://doi.org/10.1080/1351847x.2022.2075280
• How do insider trading incentives shape nonfinancial disclosures? Evidence from product and business expansion disclosures
  
  He, G. (2023). How do insider trading incentives shape nonfinancial disclosures? Evidence from product and business expansion disclosures. Review of Quantitative Finance & Accounting, 60(1), 147-194. https://doi.org/10.1007/s11156-022-01093-5
• Does air pollution impair investment efficiency?
  
  He, G., & Lin, T. (2022). Does air pollution impair investment efficiency? Economics Letters, 215, Article 110490. https://doi.org/10.1016/j.econlet.2022.110490
• Do enhanced derivative disclosures work? An informational perspective
  
  He, G., Ren, H., & Taffler, R. (2022). Do enhanced derivative disclosures work? An informational perspective. Journal of Futures Markets, 42(1), 24-60. https://doi.org/10.1002/fut.22275
• Credit rating, post‐earnings‐announcement drift, and arbitrage from transient institutions
  
  He, G. (2021). Credit rating, post‐earnings‐announcement drift, and arbitrage from transient institutions. Journal of Business Finance and Accounting, 48(7-8), 1434-1467. https://doi.org/10.1111/jbfa.12520
• Do corporate insiders trade on future stock price crash risk?
  
  He, G., Ren, H., & Taffler, R. (2021). Do corporate insiders trade on future stock price crash risk? Review of Quantitative Finance and Accounting, 56(4), 1561-1591. https://doi.org/10.1007/s11156-020-00936-3
• The Impact of Corporate Tax Avoidance on Analyst Coverage and Forecasts
  
  He, G., Ren, H., & Taffler, R. (2020). The Impact of Corporate Tax Avoidance on Analyst Coverage and Forecasts. Review of Quantitative Finance and Accounting, 54(2), 447-477. https://doi.org/10.1007/s11156-019-00795-7
• The impact of insider trading on analyst coverage and forecasts
  
  He, G., & Marginson, D. (2020). The impact of insider trading on analyst coverage and forecasts. Accounting Research Journal, 33(3), 499-521. https://doi.org/10.1108/arj-08-2019-0148
• Analyst Coverage and Future Stock Price Crash Risk
  
  He, G., Bai, L., & Ren, H. (2019). Analyst Coverage and Future Stock Price Crash Risk. Journal of Applied Accounting Research, 20(1), 63-77. https://doi.org/10.1108/jaar-09-2017-0096
• Do voluntary disclosures of product and business expansion plans impact analyst coverage and forecasts?
  
  He, G., Marginson, D., & Dai, X. (2019). Do voluntary disclosures of product and business expansion plans impact analyst coverage and forecasts? Accounting and Business Research, 49(7), 785-817. https://doi.org/10.1080/00014788.2018.1559717
• Credit ratings and managerial voluntary disclosures
  
  He, G. (2018). Credit ratings and managerial voluntary disclosures. Financial Review, 53(2), 337-378. https://doi.org/10.1111/fire.12149
• Fiscal support and earnings management
  
  He, G. (2016). Fiscal support and earnings management. The International Journal of Accounting, 51(1), 57-84. https://doi.org/10.1016/j.intacc.2016.01.009
• The effect of CEO inside debt holdings on financial reporting quality
  
  He, G. (2015). The effect of CEO inside debt holdings on financial reporting quality. Review of Accounting Studies, 20(1), 501-536. https://doi.org/10.1007/s11142-014-9305-8