Hongtao Guo

Education: Ph.D. in Accountancy, University of Illinois at Urbana-Champaign, M.A. in International Economics, Renmin University of China, P.R. China, B.A. in Economics, Peking University, P.R. China

Academic Experience: Assistant Professor of Accountancy, Baruch College, 2001-2007; Visiting Assistant Professor, Brandeis University, 2007; Assistant Professor of Accounting, Salem State University, 2010-2016; Associate Professor of Accounting, Salem State University, 2016-2020; Professor of Accounting, Salem State University, 9/1/2020-present. Gassett-Schiller'83 Endowed Chair in Accounting and Finance, September, 2025 -present.

Consulting Experience: Consultant, Wellington Management Company, Boston, MA 2007; The Brattle Group, Cambridge, MA 2008-2010

Other Professional Experience: Faculty Coordinator, The Bertolon School of Business Accounting Lab: 2011-2019; Executive Member, Treasurer, MSCA/Salem Chapter 2014-2017

Selected Awards: Stan Ross Scholar, Baruch College, 2004; Outstanding Research Award, Global Conference on Business and Finance, 2012; Identified by students as someone who has helped them success in the MAP-Works Survey Spring 2016, Fall 2015, and Fall 2013; Professor of the Year in Accounting and Finance, Salem State University Accounting Association, 2014; Certificate of Excellence, Faculty Coordinator to the Business/Accounting Lab, Bertolon School of Business, Salem State University, 2014-2019; McNamara Faculty Excellence Award in Extinguished Research, Bertolon School of Business, Salem State University, 2019; Mentor, Scholarship Mentoring Program, Salem State University, 2019-2020; McNamara Faculty Excellence Award in Teaching, Bertolon School of Business, Salem State University, 2020, Dean's Faculty Fellow, Spring 2022, Bertolon School of Business.

Accounting and disclosure for derivatives, accounting information in private debt market, operating cash flow forecasting. Artificial Intelligence and Accounting. Value-at-risk measurement and other risk management issues. Accounting case. 

ACC106 Financial Accounting, ACC202 Managerial Accounting, ACC 301 Intermediate Accounting II, ACC850 Corporate Financial Reporting (Graduate level), ACC860 Global Financial Reporting Issues (graduate level), BUS499 Honor's Thesis.

"The Social Characterization of The Alleged Management Fraud Perpetrator Conveyed in Editorial Cartoons: The Case of Carlos Ghosn" (with Z. Blaber and N. Tschakert) Journal of Applied Business and Economics (August 2026) forthcoming

"From Numbers to Insight: Proposing the Accounting Tasks and Levels of Artificial Intelligence Suitability Framework for Understanding Artificial Intelligence’s Strategic Impact on Accounting" (with A. Jain) Journal of Emerging Technologies in Accounting (July 2026) https://doi.org/10.2308/JETA-2025-045

"Cash Flow Forecasting: Dealing with Serial Cocharrelation and Idiosyncratic Heterogeneity" (with Y. Hu and Z. Xiao) Review of Quantitative Finance and Accounting (September 2025) https://doi.org/10.1007/s11156-025-01442-0

"Artificial Intelligence in Forensic Accounting: A Literature Review" (with Z. Tang) Journal of Accounting and Finance (August 2025) https://doi.org/10.33423/jaf.v25i3

"The Saga of a Chinese Company Being Listed on a US Stock Exchange - A Global Financial Reporting Case Study" (with J. Bandyopadhyay, M. Lam and J. Liu) The Case Journal (September 2021) https://doi.org/10.1108/TCJ-01-2021-0021

"After-tax Discounting: A Research Edge" Journal of Accounting, Business and Management 27 (2020): 86-100

"A General Analysis of the Impact of Scale Differences when Interpreting R2 as an Indicator of Value-Relevance" (with D.A. Ziebart) The Journal of Theoretical Accounting Research 14 (2019): 46-67

"Customer Value Analysis Framework Based on Contingency Theory" (with Jinying Liu) Argos 35 (2018): 164-170

“Accounting Toward Sweet Success: Treadwell’s Ice Cream.” (with M. Lam and P.  McGee) The Case Journal 13 (2017): 102-119

"Tail Information in Financial Market." (with Z.  Xiao) (2016) Conference Proceedings, 43rd Annual Northeast Business & Economics Association Conference.  

"Right and Left Tail Measurement of Return Distribution in Financial Variables.' (with Z. Xiao) Journal of Business and Economics 7 (2016): 1788-1793

"A Note on Covariance Matrix Estimation in Quantile Regressions." (with Z. Xiao) Frontiers of Economics in China 9 (2014): 165-173

"Quantile Regression and Value-at-Risk", in C. F. Lee and John C. Lee, Eds., Handbook of Financial Econometrics and Statistics, Springer Publishers, New York, (2014), 1143-116.

“Accounting toward sweet success: Treadwell’s Ice Cream” in G. Vega, Ed., Business in a Book: Bertolon School of Business Edition, The Case Centre, England, (2014), Case #1.  

"Risk Analysis Using Regression Quantiles - Evidence from International Equity Market." (with Lam, M., Wu, G., & Xiao, Z.) The International Journal of Business and Finance Research, 7(2013):1-15.

"Risk Analysis via Regression Quantiles - Evidence from International Equity Markets." (with Lam, M., Wu, G., & Xiao, Z.)  (2012)  Conference Proceedings, 2012 Winter Global Conference on Business and Finance.

"Quantitative Market Risk Disclosure, Bond Default Risk and the Cost of Debt: Why Value-at-Risk?" Advances in Quantitative Analysis of Finance and Accounting 7 (2009): 135-156

"The Information Content of Quarterly Earnings in Syndicated Bank Loan Prices," (with L.Allen and J. Weintrop) Asia-Pacific Journal of Accounting and Economics 15 (2008): 91-122

"An Analysis of Risk for Defautable Bond Portfolios," (with Z. Xiao and G. Wu) The Journal of Risk Finance, vol. 8, No.2 (2007): 166-185.

"The Effect of Earnings Management, Inside Information, and Voluntary Disclosure Choice on the Accuracy of Management Earnings Forecasts," (with D.A. Ziebart) Asia-Pacific Journal of Accounting and Economics June (2000): 37-58

"Cash Flow Forecasting: Dealing with Serial Correlation and Idiosyncratic Heterogeneity" American Accounting Association Northeast Regional Meeting, New York City, NY 2019.

"Operating Cash Flow Forecasting," The Workshop on Empirical Finance and Risk Management, Xiamen, China 2018.

"Tail Information in Financial Market." 43rd Annual NBEA Conference. West Point, NY. 2016.

"Right and Left Tail Measurement of Return Distribution in Financial Variables," 36th International Business Research Conference, Toronto, Canada, 2016.

"A General Analysis of the Impact of Scale Difference When Interpreting R2 as an Indicator of Value-relevance." International Symposium on Recent Developments in Econometric Theory with Applications, China, 2015.

"Risk Analysis via Regression Quantiles - Evidence from International Equity Market."   Global Conference on Business and Finance, Honolulu, Hawaii, 2012.

"Accounting Toward Sweet Success: Treadwell's Ice Cream?   Eastern Academy of Management, CASE Association, Phiadelphia, Pennsylvania, 2012.

"The Information Content of Quarterly Earnings in Syndicated Bank Loan Prices", Brandeis University, Waltham, MA, 2007.

"The Information Content of Quarterly Earnings in Syndicated Bank Loan Prices", American Accounting Association Annual Meeting, New York University, Beijing University, People's University of China, 2005.

"Quantitative Market Risk Disclosure and the Cost of Debt: Why Value at Risk?" Vanderbilt University, 2003.

"An Analysis of Risk for Defautable Bond Portfolios," The Summer Meeting of Econometric Society, Chicago, IL, 2003.

"Quantitative Market Risk Disclosure and the Cost of Debt: Why Value at Risk?" University of Illinois, University of Southern California, Baruch College, Georgia State University, Vanderbilt University, Santa Clara University, SUNY-Binghamton, 2001.

"A General Analysis of the Impact of Scale Difference When Interpreting R2 as an Indicator of Value Relevance," University of Illinois Brownbag Seminar, 2000.

"The Effect of Earnings Management, Inside Information, and Voluntary Disclosure Choice on the Accuracy of Management Earnings Forecasts," City University of Hong Kong Symposium, Hong Kong, 2000.

Traveling with family, marathon running (PB, 3:24, 2021 Boston Marathon), swimming and hiking.