Hyun Hwang

What are my research interests?

Accounting defines what counts as capital and how its performance is measured. My work explores how accounting information, along with the standards and institutions behind it, affects the efficiency of capital allocation and the distribution of the resulting surplus among market participants. 

Research Papers

1. The role of voluntary disclosure in affecting investment efficiency:

   • “Internal Capital Allocation, Voluntary Disclosure, and Investment Efficiency”
     Management Science (2025) 71(12):10088-10105. Runner-up, The AAA MAS Dissertation Award, 2020. 

2. The role of standards in affecting investment efficiency and the surplus of market participants:

   • “Accounting Standards Uniformity, Comparability, and Resource Allocation Efficiency” 
     with Carlos Corona and Zeqiong Huang, The Accounting Review (2024) 99 (1): 139–161.

   • “Auditing in the Digital Age – Determinants and Consequences of Technology Investment”
     with Eunhee Kim and Minlei Ye, conditionally accepted at The Accounting Review.

   • “Macroeconomic Implications of Accounting Standards”
     with Eunhee Kim and Volker Laux, conditionally accepted at Journal of Accounting and Economics.

3. The role of information production in affecting investment efficiency and the surplus of market participants:

   • “Information Production, Real Investment, and External Financing” with Eunhee Kim.
     Presentations: CUNY Baruch, KAIST (Seoul), MAS Midyear Meeting 2025. 

   • “Effects of Information Processing Costs on Corporate Investment and Welfare” with Eunhee Kim and Volker Laux.
     Presentations: Duke, Columbia Burton 2025, AES 2025, UT Austin, HARC 2026.