Generalist CEOs and Credit Ratings
With Zhiming Ma, Lufei Ruan, Haiyan Zhang
Contemporary Accounting Research, Vol. 38 (2): 1009–1036
Information Quality and Workplace Safety
With Ole-Kristian Hope, Heng Yue, and Jianyu Zhao
Journal of Management Accounting Research, 34(1), pp.133-162.
Selected Working Papers
Financial Reporting and Detection of Labor Union Misconduct (Dissertation)
Available Upon Request
Abstract: Although regulations requiring labor unions to file financial reports have been in place for more than 60 years, a long-held debate exists about the value of this regulation. Proponents argue that transparency constrains opportunism by union leaders. Others, however, question whether financial reporting information can be used to detect and deter complicated misconduct schemes in this setting. Assembling a hand-collected dataset of labor union misconduct, I examine the role that financial reporting plays in detecting union misconduct. I find that financial reporting information can be used to detect labor union misconduct. Consistent with the notion that stakeholders do make use of this information, further analysis indicates that the detection and discipline of misconduct increase for the subset of labor unions subject to enhanced reporting requirements following a 2004 regulation change. Collectively, my findings indicate that financial reporting information plays a role in combating labor union misconduct.
Lending Relationships Along Ownership Lines: Institutional Cross-Ownership and Bank Loan Contracts
With Zhiming Ma, Edward Owens, and Derrald Stice