Assistant Professor of Accounting
City University of Hong Kong
Email: michael.shen(at)cityu.edu.hk
Assistant Professor of Accounting
City University of Hong Kong
Email: michael.shen(at)cityu.edu.hk
Published and Accepted Papers:
(with Yupeng Lin, Rui Shi, and Jean Zeng). Contemporary Accounting Research. Conditional Acceptance
Presented at the 2024 Contemporary Accounting Research Conference
Labor Market Outcomes of Restatements for Corporate Accountants
(with John (Xuefeng) Jiang). Management Science. Accepted
Accountants in restatement firms, particularly senior staff, suffer negative outcomes in the labor market after a restatement is announced
(with Kelvin K.F. Law). Management Science (Lead Article). 2024
AI does not replace auditor jobs but leads to upskilling in auditor jobs and improves audit quality
Best Archival Paper Award at the 2021 AAA Audit Midyear Meeting
The Information Content of Credit Rating Action Reports: A Topic Modeling Approach
(with John (Xuefeng) Jiang and Jing Kong). The British Accounting Review. 2024
Use topic modeling to analyze Moody's rating action reports, identifying two key topics—Metrics and Liquidity—that significantly impact market reactions to rating action reports and predict future default likelihood and financial performance
(with Samuel T. Tan). Journal of Accounting and Public Policy. 2023
Former SEC lawyers help firms achieve better outcomes in the SEC comment letter process by facilitating more extensive negotiations and reducing the number of amendment filings
Featured in Harvard Law School Forum on Corporate Governance
(with Alper Darendeli and Kelvin K.F. Law). Review of Accounting Studies. 2022
Introduce a new measure, Green Score, to capture firms' investment in green human capital based on the concentration of green skills required in firms' job postings
Presented at the 2021 Review of Accounting Studies Conference
Featured in NBS Research Blog; Strategic Finance
Selected Working Papers:
Banking Crisis Regulator (with Sumit Agarwal, Yupeng Lin, and Sirui Wu)
Profits Lost in the Haze: Evidence from Wildfire Smoke (with Jing Kong and Harlow Loch)
The Value of Human Capital for Firm Performance: Roles of Individual and Group Expertise (with Sudipta Basu and Xinjie Ma)