Research
Publications:
Do Firms Respond to Peer Disclosures? Evidence from Disclosures of Clinical Trial Results, with Vedran Capkun, Clemens A. Otto and Yin Wang, Forthcoming at The Accounting Review (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3344942 )
Major Government Customers and Loan Contract Terms, with Daniel Cohen, Bin Li, and Ningzhong Li, Forthcoming at the Review of Accounting Studies (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2868761)
Accounting Quality and Debt Concentration: Evidence from Internal Control Weakness Disclosures, with Ningzhong Li, Clemens A. Otto, and Regina Wittenberg-Moerman, The Accounting Review 96 (2021), 377-400 (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2532386)
Debt Heterogeneity and Covenants, with Clemens A. Otto, Management Science 66 (2020), 70-92 (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2297804)
Disclosure of Pending Lawsuits and Bond Terms, Management Science 65 (2019), 1926-1947 (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2296848)
Shareholder Litigation and Corporate Disclosure: Evidence from Derivative Lawsuits, with Thomas Bourveau and Rencheng Wang, Journal of Accounting Research 56 (2018) (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3071006)
Default Clauses in Debt Contracts, with Ningzhong Li and Florin P. Vasvari, Review of Accounting Studies 20 (2015), 1596-1637 (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2614386)
Investment, Duration, and Exit Strategies for Corporate and Independent Venture Capital-Backed Start-ups, with Bing Guo and David Perez-Castrillo, Journal of Economics and Management Strategy 24 (2015), 415-455 (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2602994)
The Role of Reputable Auditors and Underwriters in the Design of Bond Contracts, with Florin P. Vasvari, Journal of Accounting, Auditing and Finance 28 (2013), 20-52 (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1908254)
Working Papers:
Do Commercial Ties Influence ESG Ratings? Evidence from Moody’s and S&P, with Xuanbo Li and Liandong Zhang (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4190204)
Foreign Institutional Ownership and Cross-Border Lending: Evidence from International Syndicated Loans, with Xi Li
The Role of Institutional Investors in Financial Reporting Comparability in the U.S.: Evidence from Common Institutional Blockholders, with Rencheng Wang and Kaitang Zhou