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Susan Shu

Professor of Accounting

Ph.D. and M.S.: University of Rochester

B.S.:  University of Dubuque

Susan Shu's research interests include corporate disclosure, security litigation under U.S. securities laws, insider trading, media, social media, and economics of auditor-client alignments. Her research has appeared in leading academic journals such as Journal of Accounting and Economics, Journal of Financial Economics, and Journal of Accounting Research.  In 2014 Professor Shu received the prestigious Notable Contributions to Accounting Literature Award from the American Accounting Association for her (coauthored) paper "Do Managers Withhold Bad News?

HONORS AND AWARDS

Winner of Notable Contribution to Accounting Literature Award for “Do managers withhold bad news?” 2014.

E. Yetton Prize of Best Paper Award for “Properties of implied cost of capital using analysts’ forecasts” Australian Journal of Management 2011.

Ernst & Young Research Fellowship, 2015-2017

Research Incentive Grants, Boston College, 2001, 2003, 2006, 2010

PUBLICATIONS

• Motivational optimism and short-term investment efficiency (with Meng Li and Stan Markov). The Accounting Review 98 (2023), 429-454.  

                                https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4303201

• Does tax enforcement deter managers' self-dealing? (with Ben Yost). Journal of Accounting and Economics 74 (2022). Issue 1, 101512.

                                    https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3643129

• Regulatory transparency and the alignment of private and public enforcement: Evidence from the public disclosure of SEC comment letters (with Amy Hutton and Xin Zheng). Journal of Financial Economics 145 (2022). Issue 1, 297-321.

                        https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3684840 

                        https://doi.org/10.1016/j.jfineco.2021.07.011

• Can social media distort price discovery? Evidence from merger rumors (with Weishi Jia, Giulia Redigolo, and Jingran Zhao). Journal of Accounting and Economics 70 (2020), Issue 1, 101334

https://doi.org/10.1016/j.jacceco.2020.101334

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2999956 

• Are all perks solely perks? Evidence from corporate jets (with Lian Fen Lee and Michelle Lowry).  Journal of Corporate Finance 48 (2018), 460-473.

Media mention: Wall Street Journal. November 20, 2017

https://doi.org/10.1016/j.jcorpfin.2017.11.014

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2259560

• The role of social media in the capital market: Evidence from consumer product recalls (with Amy Hutton and Lian Fen Lee).  Journal of Accounting Research 53 (2015), No. 2, 367-404.

Top cited articles contributing to the 2017 impact factor

Top cited articles contributing to the 2020 5-year impact factor

 https://doi.org/10.1111/1475-679X.12074

 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2557212

• The insurance hypothesis: an examination of KPMG’s audit clients (with Billy Soo, Greg Trompeter, and Darryl Brown). Auditing: A Journal of Practice and Theory 32 (2013), No. 4, 1-24.

• Do managers always know better? The relative accuracy of management and analyst forecasts (with Amy Hutton and Lian Fen Lee). Journal of Accounting Research 50 (2012), 1217–1244.

    "Most Accessed Article” in 2013 in Journal of Accounting and Research

• Properties of implied cost of capital using analysts’ forecasts (with Wayne Guay and S. P. Kothari). Australian Journal of Management 36 (2011), 125-149.

Winner of E. Yetton Prize of Best Paper Award

• Do managers withhold bad news? (with S. P. Kothari and Peter Wysocki). Journal of Accounting Research 47 (2009), 475-679.

Winner of Notable Contribution to Accounting Literature Award 2014 

• Does disclosure deter or trigger litigation? (with Michelle Lowry and Laura Field). Journal of Accounting and Economics 39 (2005), 487-507.

• Litigation risk and IPO underpricing (with Michelle Lowry). Journal of Financial Economics 65 (2002), 309-335.

• Auditor resignations: clientele effects and legal liability. Journal of Accounting and Economics 29 (2000), 173-205. 

  WORKING PAPERS

• Media exposure and corporate labor investment decisions (with Vishal Baloria and Alvis Lo). 

            Revise and resubmit, The Accounting Review.

• The benefits and costs of transparent supervision of public banks: Evidence from the disclosure of SEC Comment Letters (with Amy Hutton, Yupeng Lin, Ira Yeung, and Xin Zheng).

• The Governance Role of Auditors (with Xu Li and Qian Xin).