Areas of Interest
Executive Compensation, Workplace Safety, Corporate Innovation, Equity Issuance, Security Analyst, Short Selling
Publication
1. Mao, C.X., and Zhang, C. (2018). Managerial Risk-Taking Incentive and Firm Innovation: Evidence from FAS 123R. Journal of Financial and Quantitative Analysis, 53(2), 867-898.
2. Bai, J., Lee, E., and Zhang, C. (2020). Capital Market Frictions and Human Capital Investment: Evidence from Workplace Safety around Regulation SHO. Financial Review, 55(2), 339-360.
3. Blocher, J., Haslag, P., and Zhang, C. (2020). Short Trading and Short Investing. Journal of Empirical Finance, 59, 154-171.
4. Huang, K., Shang, C., and Zhang, C. (2021). Working Hard for Long-Distance Relationship: Geographic Proximity and Relationship-Specific Investments. Financial Management, 50(4), 985-1011.
5. Bradley, D., Mao, C. X., and Zhang, C. (2022). Does Analyst Coverage Affect Workplace Safety? Management Science, 68(5), 3464-3487.
6. Blocher, J., and Zhang, C. (2022). Who is Buying and (not) Lending When Shorts are Selling? Journal of Financial Markets, 57, 100615.
7. Bradley, D., Mao, C. X., and Zhang, C. (2023). Do Corporate Taxes Affect Workplace Safety? Journal of Accounting and Public Policy, 42(4), 107112.
8. Bradley, D., Hu, D., Yuan, X., and Zhang, C. (2023). Trade Secret and Predation Risk. Journal of Corporate Finance, 83, 102470.
9. Han, Y., Mao, C. X., Tan, H., and Zhang, C. (2024). Climatic Disasters and Distracted Analysts. Contemporary Accounting Research, 41, 1120-1150
10. John, K., Ni, X., and Zhang, C. (2025). Does Accelerated Patenting Information Dissemination Affect Managers' (Un)Ethical Behavior? Evidence from the American Inventor's Protection Act and Crash Risk. Journal of Business Ethics, 197, 739-759.
11. Mao, C., Qin, Y., Tian, X., and Zhang, C. (2025). Does Access to Patent Information Help Technological Acquisitions? Evidence from Patent Library Openings? Journal of Accounting Research, 63(2), 903-950.
12. Kovacs, T., Latif, S., Yuan, X., and Zhang, C. Conditionally Accepted. Climate Adaptation Risk and Capital Structure: Evidence from State Climate Adaptation Plans. Financial Management.
Working Paper
1. Inalienable Human Capital and Inevitable Corporate Payouts (with Xiaoran Ni). R&R
2. Beyond Borders: The Value of U.S. Firms' Offshore Operations to Foreign Analysts (with Yuqi Han, Connie Mao, and Hongping Tan). R&R
3. Social Media Analysts, Investor Attention, and IPO Underpricing (with Yuqi Han). R&R