Lisa Yao Liu
Assistant Professor of Accounting, Columbia Business School
About me
I am an assistant professor in the accounting division at Columbia University. I am interested in financial reporting regulations and information technologies, with a particular focus on auditing and ESG/stakeholder-related matters. I use different research methods, including empirical archival analyses, theoretical models, structural estimation, field surveys, and interviews.
I received a PhD in Business and MBA from the University of Chicago Booth School of Business, a master's degree in Economics from Duke University, and a bachelor's degree in Business Administration from Renmin University of China.
CV; Google Scholar Profile; SSRN
Contact: yl4689@gsb.columbia.edu
Publications
with Hans Christensen, Eric Floyd, and Mark Maffett
Journal of Accounting and Economics, Vol. 64, No. 2-3, 2017.
Presented at the Journal of Accounting and Economics Conference
Selected Press: Columbia Law School Blue Sky Blog, Chicago Booth Review
with Hans Christensen and Mark Maffett
Journal of Accounting and Economics, Vol. 69, No. 2-3, 2020.
Selected Press: Chicago Booth Review
with Shirley Lu
Journal of Accounting Research, Vol. 61, No. 3, 891-933, 2023.
Presented at the Journal of Accounting Research Conference: Current Topics in Accounting Research and the Economics of Sustainability Reporting
The Chazen Global Research Fund ($10,000)
Selected Press: Columbia Law School Blue Sky Blog, Columbia Business School Magazine Ideas at Work
Solo-authored
Management Science, Accepted.
Dissertation Committee: Philip G. Berger, Hans Christensen (chair), Christian Leuz, Mark Maffett, Mike Minnis
Stigler Center PhD Dissertation Award (Bradley Fellowship)
Working Papers
"Cash Substitution and Deferred Consumption as Data Breach Harms" (Previously titled “How Do Data Breaches Affect Consumer Spending?")
with Lior Strahilevitz
with Lijing Tong
Best Paper Award, Haskell & White Corporate Reporting and Governance Conference
with Ehsan Azarmsa and Suzie Noh
with Philip G. Berger, Feng Li, and M.H. Franco Wong
with Anthony Le
Selected Press: Duke University Law School FinReg Blog
with Sona Agrawal, Shiva Rajgopal, Suhas Sridharan, Yifan Yan, and Teri Yohn
Selected Press: Institutional Investor, ETF Stream, ESG Professionals Network
"Long-Run Economic Consequences of Firm Avoidance in the Threshold Regulation for Financial Reporting"
with Yu Cao
“How Do Multiple Regulators Regulate? Evidence from Fairness Opinion Providers’ Conflict of Interest Disclosures”
with Phil Berger, Rachel Geoffroy, and Claudia Imperatore
Presented at the Journal of Accounting Research Second Registered Reports Conference
Bernstein Center Faculty Research Grant ($10,000)
"Estimating The Value of Auditing Services: Evidence from Chinese Data"
with Edwige Cheynel, Lijing Tong, and Frank Zhou
"Follow the Money: Are Severe Weather Events Value Relevant?"
with Sona Agrawal and Shiva Rajgopal
Works in Progress
“Financial Reporting Regulation and Firm Dynamics”
Research proposal and data access are approved by the U.S. Census Bureau and the IRS
"PCAOB Inspections, Dynamic Enforcement, and Deterrent Effect: Evidence from Structural Estimation"
with Shunsuke Matsuno
Selected for the presentation at the 2024 PCAOB/TAR Registered Reports Conference on Current Issues in Auditing
"Social Movements and Court Decisions Toward Corporations: Evidence from Employee Protests"
with Claudia Imperatore and Trung Nguyen
"How Real are the Real Effects of Mandatory ESG Disclosures in Financial Statements?"
with Hans Christensen, Mark Maffett, and Wendy Wen
“Externalities of Improved Internal Controls”
with Philip G. Berger, Feng Li, and M.H. Franco Wong
“Trust in Regulators and Product Market Access”
with Yu Cao
George J. Stigler Center for the Study of the Economy and the State, Research Grant ($35,000)
The World Bank East Asia and Pacific Research Fund ($20,000)