Publications

FT 50 journals

1. “Do earnings announcements affect employee spending? Evidence from transaction data.”

Ben Lourie, Alexander Nekrasov, Phong Truong, and Chenqi Zhu.

Journal of Accounting Research, forthcoming.

2. “Consensus credit ratings: A view from banks.”

Ben Lourie, Alexander Nekrasov, N. Bugra Ozel, and Chenqi Zhu.

Review of Accounting Studies, 2024, 29(3), pp. 2391–2436.

−       Selected for the Review of Accounting Studies Conference

3. “Employee turnover and firm performance: Large-sample archival evidence.”

Qin Li, Ben Lourie, Alexander Nekrasov, and Terry Shevlin.

Management Science, 2022, 68(8), pp.5667-5683.

−   The paper is cited in the SEC’s 2020 rule on human capital disclosure.

4. “Visuals and attention to earnings news on Twitter.”

Alexander Nekrasov, Sew Hong Teoh, and Shijia Wu.

Review of Accounting Studies, 2022, 27(4), pp.1233-1275.

−   The paper is featured in UCLA Anderson Review “Tweets with visuals bring a 2% stock-price boost — Temporarily.”

5. “Cater to thy client: Analyst responsiveness to institutional investor attention.”

Peng Chiu, Ben Lourie, Alexander Nekrasov, and Sew Hong Teoh.

Management Science, 2021, 67(12), pp.7455-7471.

6. “Are online job postings informative to investors?”

Elizabeth Gutierrez, Ben Lourie, Alexander Nekrasov, and Terry Shevlin.

Management Science, 2020, 66(7), pp.3133-3141.

The paper is covered by

−   Wall Street Journal “Savvy investors look to job postings to predict a company’s performance.”

−   IR Magazine “IR papers: do investors look at job postings?”

−   Value Walk “Why investors should pay attention to job postings?”

7. “Opportunity knocks but once: Delayed disclosure of financial items in earnings announcements and analyst and investor neglect of earnings news.”

Yifan Li, Alexander Nekrasov, and Sew Hong Teoh.

Review of Accounting Studies, 2020, 25, pp.159-200.

8. “Key performance indicators as supplements to earnings: Incremental informativeness, demand factors, measurement issues, and properties of their forecasts.”

Dan Givoly, Yifan Li, Ben Lourie, and Alexander Nekrasov.

Review of Accounting Studies, 2019, 24, pp.1147-1183.  

9. “Valuation implications of unconditional accounting conservatism: Evidence from analysts’ target prices.”

Jae B. Kim, Alexander Nekrasov, Pervin K. Shroff, and Andreas Simon.

Contemporary Accounting Research, 2019, 36(3), pp.1669-1698.

10.  “Headline salience, managerial opportunism, and over- and underreactions to earnings.”

Xuan Huang, Alexander Nekrasov, and Siew Hong Teoh.

The Accounting Review, 2018, 93(6), pp.231-255.

The paper is covered by

−   CFO Magazine “Flaunting strong earnings damages stock price.” 

−   IR Magazine “Statistics in earnings release headlines can boost stocks.” 

−   Accounting Today “Study questions accounting numbers highlighted in earnings releases.”

−   CPA Practice Advisor “Beware strong numbers in corporate earnings headlines.”

−   Value Walk “Beware headline salience misleads investors, study warns.”

−       The paper is the winner of the CAPANA Research Conference Best Paper Award

11.  “Using earnings forecasts to simultaneously estimate firm-specific cost of equity and long-term growth.”

Alexander Nekrasov and Maria Ogneva.

Review of Accounting Studies, 2011, 16, pp.414-457.

−       The winner of the Review of Accounting Studies Conference Best Paper Award

12.  “Fundamentals-based risk measurement in valuation.”

Alexander Nekrasov and Pervin K. Shroff.

The Accounting Review, 2009, 84(6), pp.1983-2011.

Non-FT 50

13.  “The gender position gap and firm performance.”

Chuchu Liang, Ben Lourie, Alexander Nekrasov, and Terry Shevlin.

Journal of Business, Finance and Accounting, forthcoming

−       Selected for the Journal of Business, Finance and Accounting Conference

14.  “Voluntary disclosure of workforce gender diversity.”

Chuchu Liang, Ben Lourie, Alexander Nekrasov, and Il Sun Yoo.

Journal of Financial Reporting, forthcoming.

15.  “Too much of a good thing? Administrative support, innovation, employee satisfaction, and firm performance.”

Chuchu Liang, Ben Lourie, Alexander Nekrasov, and Shijun Xia.

Journal of Accounting, Auding and Finance, forthcoming.

16.  “Failed acquisition offers: The impact of failure reasons on target valuation.”

Omri Even-Tov, Ben Lourie, Alexander Nekrasov, and Jieyin Zeng.

Finance Research Letters, 2024, 63, p.105322.

17.  “Does the risk-aversion of accountants matter? Female rank-and-file accounting employees and internal control quality.”

Chuchu Liang, Ben Lourie, and Alexander Nekrasov.

Journal of Accounting and Public Policy, 2024, 45, p.107194.

18.  “The impact of debt forbearance on borrowers’ financial behavior and labor outcomes: Evidence from student loans.”

Ben Lourie, Alexander Nekrasov, and Il Sun Yoo.

Finance Research Letters, 2023, 57, p.104265.

19.  “Limited attention and financial decision making.”

Alexander Nekrasov, Sew Hong Teoh, and Shijia Wu.

The Handbook of Financial Decision Making, 2023, pp.17-35.

20.  “Target price forecasts: The roles of the 52-week high price and recent investor sentiment.”

 Peter Clarkson, Alexander Nekrasov, Andreas Simon, and Irene Tutticci.

Journal of Business Finance and Accounting, 2020, 47(9-10), pp.1365-1399.

21.  “The pricing of firms with expected losses/profits: The role of January.”

Peng Chiu, Alexander Nekrasov, and Terry Shevlin.

Journal of Business Finance and Accounting, 2018, 45(5-6), pp.544-571.

22.  “Equity value as a function of (eps1, eps2, dps1, bvps, beta): Concepts and realities. Discussion of Ohlson and Johannesson.”

Alexander Nekrasov.

Abacus, 2016, 52(1), pp.100-105.

Selected Working Papers

1. “Late trade credit payments to meet cash flow forecasts”

Daniel Cohen, Chuchu Liang, Ben Lourie, Alexander Nekrasov

Revise and Resubmit at Review of Accounting Studies

2. “Crypto fraud and investing behavior.”

Ben Lourie, Alexander Nekrasov, Phong Truong, and Chenqi Zhu.

The paper is covered by

−   Columbia Law School Blue Sky Blog “How crypto fraud affects investing behavior.”