Oliver Zhen Li

National University of Singapore (NUS)

Bukit Timah Road 469 G

Singapore, 117591

Singapore

SCHOLARLY PAPERS

52

DOWNLOADS
Rank 2,050

SSRN RANKINGS

Top 2,050

in Total Papers Downloads

15,560

CITATIONS
Rank 2,817

SSRN RANKINGS

Top 2,817

in Total Papers Citations

199

Scholarly Papers (52)

1.

Does XBRL Adoption Reduce the Cost of Equity Capital?

Number of pages: 47 Posted: 19 Aug 2012
Oliver Zhen Li, Chenkai Ni and Yupeng Lin
National University of Singapore (NUS), Fudan University and National University of Singapore
Downloads 1,165 (16,779)
Citation 1

Abstract:

Loading...

XBRL, cost of equity capital, analyst forecast, liquidity

2.

Financial Restatement Announcements and Insider Trading

Number of pages: 47 Posted: 12 Sep 2006
Oliver Zhen Li and Yuan Zhang
National University of Singapore (NUS) and University of Texas at Dallas
Downloads 978 (21,811)
Citation 6

Abstract:

Loading...

Taxes, Leverage, and the Cost of Equity Capital

Number of pages: 50 Posted: 11 Nov 2005
Dan S. Dhaliwal, Shane Heitzman and Oliver Zhen Li
University of Arizona - Department of Accounting, University of Southern California - Marshall School of Business and National University of Singapore (NUS)
Downloads 816 (27,868)
Citation 56

Abstract:

Loading...

Capital structure, Cost of capital, Tax

Taxes, Leverage, and the Cost of Equity Capital

Journal of Accounting Research, Forthcoming
Posted: 17 Jan 2006
Dan S. Dhaliwal, Shane Heitzman and Oliver Zhen Li
University of Arizona - Department of Accounting, University of Southern California - Marshall School of Business and National University of Singapore (NUS)

Abstract:

Loading...

Capital structure, Cost of capital, Tax

4.

Labor Union and Accounting Conservatism*

AAA 2010 Financial Accounting and Reporting Section (FARS) Paper
Number of pages: 55 Posted: 31 Aug 2009
The Chinese University of Hong Kong, National University of Singapore (NUS) and China Europe International Business School (CEIBS)
Downloads 798 (29,187)
Citation 3

Abstract:

Loading...

Labor union, accounting conservatism

5.

Investor Trading and the Post Earnings Announcement Drift

AAA 2009 Financial Accounting and Reporting Section (FARS) Paper ; The Accounting Review, Forthcoming
Number of pages: 46 Posted: 20 Sep 2008 Last Revised: 17 Sep 2011
Benjamin C. Ayers, Oliver Zhen Li and P. Eric Yeung
University of Georgia, National University of Singapore (NUS) and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 766 (30,865)
Citation 8

Abstract:

Loading...

Investor Trading, Post Earnings Announcement Drift

6.

Corporate Tax Avoidance and Bank Loan Contracting

Number of pages: 57 Posted: 28 Apr 2010 Last Revised: 21 Nov 2010
Jeong-Bon Kim, Oliver Zhen Li and Yinghua Li
City University of Hong Kong, National University of Singapore (NUS) and Arizona State University (ASU) - School of Accountancy
Downloads 755 (31,509)
Citation 2

Abstract:

Loading...

Tax avoidance; loan contracting; credit risk

7.

Investor Tax Heterogeneity and Ex-Dividend Day Trading Volume - the Effect of Dividend Yield and Institutional Ownership

Number of pages: 47 Posted: 12 Oct 2003
Dan S. Dhaliwal and Oliver Zhen Li
University of Arizona - Department of Accounting and National University of Singapore (NUS)
Downloads 713 (34,026)
Citation 9

Abstract:

Loading...

ex-dividend, trading volume, institutional ownership

8.

Does Information Processing Cost Affect Firm-Specific Information Acquisition? - Evidence from XBRL Adoption

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 48 Posted: 10 Jan 2013 Last Revised: 31 Jul 2015
Yi Dong, Oliver Zhen Li, Yupeng Lin and Chenkai Ni
Shanghai University of Finance and Economics, National University of Singapore (NUS), National University of Singapore and Fudan University
Downloads 685 (35,956)

Abstract:

Loading...

Information processing cost, stock return synchronicity, XBRL

Did the 2003 Tax Act Reduce the Cost of Equity Capital?

Number of pages: 56 Posted: 14 Jun 2005
Dan S. Dhaliwal, Linda K. Krull and Oliver Zhen Li
University of Arizona - Department of Accounting, University of Oregon and National University of Singapore (NUS)
Downloads 458 (59,763)
Citation 20

Abstract:

Loading...

Implied cost of capital, institutional ownership, dividend taxes, capital gain taxes

Did the 2003 Tax Act Reduce the Cost of Equity Capital?

Journal of Accounting & Economics (JAE), March 2007
Number of pages: 48 Posted: 25 Jul 2006 Last Revised: 30 Jun 2009
Dan S. Dhaliwal, Linda K. Krull and Oliver Zhen Li
University of Arizona - Department of Accounting, University of Oregon and National University of Singapore (NUS)
Downloads 225 (132,400)
Citation 20

Abstract:

Loading...

10.

Did China's Adoption of IFRS Attract More Foreign Institutional Investment?

Marshall School of Business Working Paper No. ACC 01.14
Number of pages: 54 Posted: 19 Apr 2014 Last Revised: 28 Apr 2014
Mark L. DeFond, Xinzi Gao, Oliver Zhen Li and Lijun Xia
University of Southern California - Leventhal School of Accounting, Sun Yat-Sen University (SYSU), National University of Singapore (NUS) and Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management
Downloads 610 (41,892)

Abstract:

Loading...

International financial reporting standards; institutional investment; China; transitional economies

11.

What Drives the Increased Informativeness of Earnings Announcements Over Time?

Review of Accounting Studies, Forthcoming
Number of pages: 41 Posted: 15 Sep 2004 Last Revised: 04 Sep 2008
Daniel W. Collins, Oliver Zhen Li and Hong Xie
University of Iowa - Department of Accounting, National University of Singapore (NUS) and University of Kentucky - Von Allmen School of Accountancy
Downloads 560 (46,887)
Citation 14

Abstract:

Loading...

capital markets, earnings announcements, Street earnings, trading volume

12.

Dividend Taxes and Implied Cost of Capital

14th Annual Conference on Financial Economics and Accounting (FEA)
Number of pages: 33 Posted: 19 Jan 2004
University of Arizona - Department of Accounting, University of Oregon, National University of Singapore (NUS) and Miami University
Downloads 520 (51,502)
Citation 38

Abstract:

Loading...

13.

Institutional Stakeholdings and Better-Informed Traders at Earnings Announcements

Journal of Accounting and Economics, Forthcoming
Number of pages: 44 Posted: 03 Jun 2004 Last Revised: 02 Jul 2008
Ashiq Ali, Sandy Klasa and Oliver Zhen Li
University of Texas at Dallas - Naveen Jindal School of Management, University of Arizona - Department of Finance and National University of Singapore (NUS)
Downloads 448 (62,040)
Citation 9

Abstract:

Loading...

institutional investors, informed traders, trading volume

14.

CEO Severance Pay and Corporate Tax Planning

Number of pages: 49 Posted: 30 Jun 2016 Last Revised: 24 Sep 2018
University of Georgia - J.M. Tull School of Accounting, Monash University, National University of Singapore (NUS) and Xiamen University
Downloads 428 (65,585)

Abstract:

Loading...

Corporate Tax Avoidance; CEO Severance Pay; Risk-Taking Incentives

15.
Downloads 427 ( 65,745)

Do Managers Perform for Perks?

Number of pages: 56 Posted: 02 Mar 2010
Donghua Chen, Oliver Zhen Li and Shangkun Liang
Nanjing University, National University of Singapore (NUS) and Nanjing University - School of Business
Downloads 254 (117,118)

Abstract:

Loading...

Perks, Compensation, Agency Conflict, China

Do Managers Perform for Perks?

Number of pages: 70 Posted: 29 Aug 2009
Donghua Chen, Oliver Zhen Li and Shangkun Liang
Nanjing University, National University of Singapore (NUS) and Nanjing University - School of Business
Downloads 173 (169,503)

Abstract:

Loading...

compensations, perks, performance

Controlling Shareholders’ Incentive and Corporate Tax Avoidance – A Natural Experiment in China

Journal of Business Finance & Accounting, Forthcoming
Number of pages: 44 Posted: 27 Feb 2014 Last Revised: 12 Apr 2017
Oliver Zhen Li, Hang Liu and Chenkai Ni
National University of Singapore (NUS), Dongbei University of Finance and Economics and Fudan University
Downloads 421 (66,249)

Abstract:

Loading...

tax avoidance, split share structure reform, agency conflict, controlling shareholder

Controlling Shareholders’ Incentive and Corporate Tax Avoidance: A Natural Experiment in China

Journal of Business Finance & Accounting, Vol. 44, Issue 5-6, pp. 697-727, 2017
Number of pages: 31 Posted: 05 May 2017
Oliver Zhen Li, Hang Liu and Chenkai Ni
National University of Singapore (NUS), Dongbei University of Finance and Economics and Fudan University
Downloads 1 (664,626)
  • Add to Cart

Abstract:

Loading...

tax avoidance, split share structure reform, agency conflict, controlling shareholder

17.

Individual Investors’ Dividend Tax and Corporate Payout Policies – Evidence from a Reform that Ties the Dividend Tax Rate to Share Holding Period

Number of pages: 43 Posted: 15 Apr 2014
Oliver Zhen Li, Hang Liu, Chenkai Ni and Kangtao Ye
National University of Singapore (NUS), Dongbei University of Finance and Economics, Fudan University and Renmin University of China - School of Business
Downloads 366 (78,880)

Abstract:

Loading...

individual investor, dividend tax, payout policy, agency cost

18.

Directors’ and Officers’ Liability Insurance and the Cost of Equity Capital

Journal of Accounting & Economics (JAE), Vol. 61, No. 1, 2016
Number of pages: 47 Posted: 12 May 2011 Last Revised: 13 Nov 2017
Zhihong Chen, Oliver Zhen Li and Hong Zou
Hong Kong University of Science and Technology, National University of Singapore (NUS) and The University of Hong Kong Faculty of Business and Economics
Downloads 339 (86,210)
Citation 1

Abstract:

Loading...

legal liabilities, directors' and officers' (D&O) insurance; cost of equity; investor protection

19.

Ticks and Tax: The Joint Effects of Price Discreteness and Taxation on Ex Dividend Day Returns

Number of pages: 40 Posted: 08 Jun 2004
C. Bryan Cloyd, Oliver Zhen Li and Connie D. Weaver
Virginia Polytechnic Institute & State University - Department of Accounting and Information Systems, National University of Singapore (NUS) and Texas A&M University - Department of Accounting
Downloads 339 (86,210)
Citation 8

Abstract:

Loading...

Ex-day, Dividend taxation, Price discreteness, Tick size

Taxes and Valuation: Evidence from Dividend Change Announcements

Number of pages: 55 Posted: 28 Jul 2005
Oliver Zhen Li
National University of Singapore (NUS)
Downloads 309 (94,981)
Citation 4

Abstract:

Loading...

Tax, Dividend tax capitalization, Institutional investors, Tax regime change

Taxes and Valuation: Evidence from Dividend Change Announcements

Journal of American Taxation Association (JATA), Vol. 29, No. 2, 2007
Posted: 03 Apr 2007
Oliver Zhen Li
National University of Singapore (NUS)

Abstract:

Loading...

Dividend tax penalty, dividend surprises, institutional investors

21.

Online Information Acquisition and Investor Trading

Number of pages: 43 Posted: 18 Sep 2011 Last Revised: 09 Dec 2012
Lei Gao, Oliver Zhen Li and P. Eric Yeung
Iowa State University, National University of Singapore (NUS) and Cornell University - Samuel Curtis Johnson Graduate School of Management
Downloads 299 (98,918)

Abstract:

Loading...

Information Acquisition, Trading Volume, Buy-Sell Imbalance, Disagreement, Ticker Search

22.

Institutional Investors, Financial Health and Equity Valuation

Number of pages: 41 Posted: 03 Feb 2004
Dan S. Dhaliwal, Oliver Zhen Li and Hong Xie
University of Arizona - Department of Accounting, National University of Singapore (NUS) and University of Kentucky - Von Allmen School of Accountancy
Downloads 278 (106,962)
Citation 2

Abstract:

Loading...

Institutional ownership, equity valuation, financial health

23.

The Ex-Day Pricing of Dividends for REITs

Number of pages: 39 Posted: 25 Jul 2007
Oliver Zhen Li and David P. Weber
National University of Singapore (NUS) and University of Connecticut - Department of Accounting
Downloads 261 (114,315)
Citation 4

Abstract:

Loading...

dividend taxes, ex-dividend day returns, tax-based trading, real estate investment trusts

24.

Capital Gains Taxes and IPO Under-Pricing

Number of pages: 40 Posted: 15 Mar 2006
Katrina Ellis, Oliver Zhen Li and John R. Robinson
Government of the Commonwealth of Australia - Australian Prudential Regulation Authority (APRA), National University of Singapore (NUS) and Texas A&M University
Downloads 257 (116,195)
Citation 3

Abstract:

Loading...

25.

Five-Year Plans, China Finance and Their Consequences

Number of pages: 67 Posted: 28 May 2013 Last Revised: 04 Mar 2014
Donghua Chen, Oliver Zhen Li and Fu Xin
Nanjing University, National University of Singapore (NUS) and Nanjing University
Downloads 253 (118,117)

Abstract:

Loading...

five-year plans, government engineering, industrial policies, corporate finance, economic growth, China

26.

Particles, Pollutions and Prices

Number of pages: 59 Posted: 17 Nov 2014
Xiaoli Hu, Oliver Zhen Li and Yupeng Lin
National University of Singapore, National University of Singapore (NUS) and National University of Singapore
Downloads 248 (120,526)

Abstract:

Loading...

China, Pollution, Stock return, Behavioral bias

27.

Tax and the Cost of Equity Capital: An International Analysis

Number of pages: 45 Posted: 28 Feb 2014 Last Revised: 04 Jun 2014
Dan S. Dhaliwal, Linda K. Krull and Oliver Zhen Li
University of Arizona - Department of Accounting, University of Oregon and National University of Singapore (NUS)
Downloads 216 (138,144)

Abstract:

Loading...

Dividend tax, leverage, cost of capital

28.

Customers’ Relationship-Specific Investments and Corporate Tax Avoidance

Number of pages: 58 Posted: 04 Apr 2014
Oliver Zhen Li, Chenkai Ni and Min Zhang
National University of Singapore (NUS), Fudan University and Renmin University of China
Downloads 214 (139,345)

Abstract:

Loading...

Relationship-specific investments, customers, tax avoidance, agency theory

29.

Tax Induced Trading Around the Taxpayer Relief Act of 1997

Number of pages: 39 Posted: 24 Oct 2006
Benjamin C. Ayers, Oliver Zhen Li and John R. Robinson
University of Georgia, National University of Singapore (NUS) and Texas A&M University
Downloads 202 (147,149)
Citation 5

Abstract:

Loading...

Taxation, Dividend tax capitalization, Lock-in effect, Trading volume

30.

Foreign Residency Rights and Corporate Frauds

Number of pages: 47 Posted: 15 Aug 2013
Donghua Chen, Yinying Chen, Oliver Zhen Li and Chenkai Ni
Nanjing University, Nanjing University, National University of Singapore (NUS) and Fudan University
Downloads 191 (155,010)

Abstract:

Loading...

corporate frauds, foreign residency rights, corporate governance, China

31.

Trading Clienteles, Tax Attributes, and Ex-Dividend Returns

Number of pages: 42 Posted: 21 Mar 2005
Oliver Zhen Li
National University of Singapore (NUS)
Downloads 168 (173,808)

Abstract:

Loading...

32.

Heterogeneous Valuation of Accruals and Trading Volume

Number of pages: 40 Posted: 03 Feb 2004
Oliver Zhen Li, Hong Xie and Weihong Xu
National University of Singapore (NUS), University of Kentucky - Von Allmen School of Accountancy and State University of New York (SUNY) - Accounting & Law
Downloads 161 (180,224)

Abstract:

Loading...

33.

Of Poetry and Ethics

Number of pages: 38 Posted: 30 Aug 2013 Last Revised: 08 May 2014
Donghua Chen, Oliver Zhen Li, Bernard Yin Yeung and Junli Yu
Nanjing University, National University of Singapore (NUS), National University of Singapore - Business School and Shanghai Jiao Tong University (SJTU) - School of International and Public Affairs
Downloads 160 (181,179)

Abstract:

Loading...

Ethics, Poetry, Jinshi, Tang Dynasty

34.

Tax-Induced Dividend Capturing

Number of pages: 54 Posted: 02 Mar 2010
Oliver Zhen Li
National University of Singapore (NUS)
Downloads 146 (195,522)
Citation 3

Abstract:

Loading...

Dividend, Ex-Dividend, Tax, Tax Avoidance

35.

Incentives and Quality

Number of pages: 40 Posted: 09 Jun 2010
National Chengchi University (NCCU) - Department of Accounting, University of Arizona - Department of Accounting, National University of Singapore (NUS) and National Kaohsiung University of Applied Sciences - Department of Accounting
Downloads 129 (215,956)

Abstract:

Loading...

International Accounting, Accounting Standards, Reporting Quality, Loss Avoidance, Income Smoothness, Earnings Conservatism

36.

State Control, Access to Capital, and Firm Performance

Number of pages: 49 Posted: 02 Jun 2012
Oliver Zhen Li, Xijia Su and Zhifeng Yang
National University of Singapore (NUS), China Europe International Business School (CEIBS) and Stony Brook University
Downloads 88 (281,677)

Abstract:

Loading...

State control, Access to capital, Firm growth, Regulation

37.

Differential Precision of Predisclosure Information Across Traders and Trading Volume at Earnings Announcements

Number of pages: 36 Posted: 13 Sep 2004
Ashiq Ali, Sandy Klasa and Oliver Zhen Li
University of Texas at Dallas - Naveen Jindal School of Management, University of Arizona - Department of Finance and National University of Singapore (NUS)
Downloads 81 (296,365)

Abstract:

Loading...

38.

Offshore Leaks, Taxes and Capital Structure

Number of pages: 49 Posted: 14 Nov 2018 Last Revised: 19 Feb 2019
Oliver Zhen Li and Guang Ma
National University of Singapore (NUS) and National University of Singapore
Downloads 56 (363,898)

Abstract:

Loading...

offshore leaks, offshore tax sheltering, capital structure

39.

Dividend Taxes and Implied Cost of Equity Capital

Journal of Accounting Research, Vol. 43, pp. 675-708, December 2005
Number of pages: 34 Posted: 08 May 2006
Linda K. Krull and Oliver Zhen Li
University of Oregon and National University of Singapore (NUS)
Downloads 22 (498,494)
  • Add to Cart

Abstract:

Loading...

40.

Tax-Induced Dividend Capturing

Journal of Business Finance & Accounting, Vol. 37, Issue 7-8, pp. 866-904, July/August 2010
Number of pages: 39 Posted: 20 Sep 2010
Oliver Zhen Li
National University of Singapore (NUS)
Downloads 3 (611,654)
Citation 3
  • Add to Cart

Abstract:

Loading...

41.

The Role of International Prestigious Auditors in Cross-Border Mergers and Acquisitions by Firms with Weak Institutions

Posted: 16 Nov 2017 Last Revised: 20 Jan 2019
Zhejiang University, National University of Singapore (NUS), National University of Singapore, Peking University - Guanghua School of Management and City University of Hong Kong

Abstract:

Loading...

Auditor Certification, Big 4, Mergers and Acquisitions, Incomplete Contract, Weak Institution, Emerging Market

42.

On the Benefits of Audit Market Consolidation: Evidence from Merged Audit Firms

Accounting Review, Forthcoming
Posted: 01 Aug 2015 Last Revised: 19 Jan 2019
Qihui Gong, Oliver Zhen Li, Yupeng Lin and Liansheng Wu
Wuhan University, National University of Singapore (NUS), National University of Singapore and Peking University - Guanghua School of Management

Abstract:

Loading...

audit mergers, efficiency gains, audit fees, audit hours

43.

Directors’ and Officers’ Liability Insurance and the Cost of Equity

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 07 May 2015
Zhihong Chen, Oliver Zhen Li and Hong Zou
Hong Kong University of Science and Technology, National University of Singapore (NUS) and The University of Hong Kong Faculty of Business and Economics

Abstract:

Loading...

legal liabilities, directors’ and officers’ (D&O) insurance; cost of equity; investor protection

44.

Do Tax Sensitive Investors Liquidate Appreciated Shares after a Capital Gains Tax Rate Reduction?

National Tax Journal, Vol. 65, No. 3, 2012
Posted: 22 Sep 2013
James Chyz and Oliver Zhen Li
University of Tennessee, Knoxville - Department of Accounting and Business Law and National University of Singapore (NUS)

Abstract:

Loading...

TRA97, capital gains tax, lock-in, institutional investors

45.

Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting

Accounting Review, Vol. 86, No. 1, 2011
Posted: 05 Oct 2010 Last Revised: 01 Dec 2014
University of Arizona - Department of Accounting, National University of Singapore (NUS), York University - Schulich School of Business and The Chinese University of Hong Kong (CUHK) - Faculty of Business Administration

Abstract:

Loading...

Corporate Social Responsibility, Cost of Capital, Voluntary Disclosure

46.

Labor Unions and Tax Aggressiveness

Journal of Financial Economics (JFE), Vol. 108, No. 3, 2013
Posted: 31 Jul 2010 Last Revised: 22 Sep 2013
University of Tennessee, Knoxville - Department of Accounting and Business Law, The Chinese University of Hong Kong, National University of Singapore (NUS) and China Europe International Business School (CEIBS)

Abstract:

Loading...

Labor unions, tax aggressiveness

47.

Management Guidance and the Underpricing of Seasoned Equity Offerings

Contemporary Accounting Research, Vol. 29(3), 2012
Posted: 01 Sep 2009 Last Revised: 24 Oct 2013
Oliver Zhen Li and Zili Zhuang
National University of Singapore (NUS) and The Chinese University of Hong Kong (CUHK) - Faculty of Business Administration

Abstract:

Loading...

management guidance, seasoned equity offerings, underpricing, cost of capital

48.

Taxes and Ex-Dividend Day Returns: Evidence from REITs

National Tax Journal, Vol. 62, No. 4, December 2009
Posted: 01 Sep 2009 Last Revised: 16 Dec 2009
Oliver Zhen Li and David P. Weber
National University of Singapore (NUS) and University of Connecticut - Department of Accounting

Abstract:

Loading...

investor-level taxes, ex-dividend day returns, tax-based trading, real estate investment trusts

49.

Dividend Taxes and Implied Cost of Equity Capital

Journal of Accounting Research, December 2005
Posted: 05 Jul 2005
University of Arizona - Department of Accounting, University of Oregon, National University of Singapore (NUS) and Miami University

Abstract:

Loading...

50.

Shareholder Income Taxes and the Relation between Earnings and Returns

Contemporary Accounting Research, Forthcoming
Posted: 15 Apr 2005
Dan S. Dhaliwal, Merle Erickson and Oliver Zhen Li
University of Arizona - Department of Accounting, University of Chicago - Booth School of Business and National University of Singapore (NUS)

Abstract:

Loading...

51.

Investor Tax Heterogeneity and Ex-Dividend Day Trading Volume

Journal of Finance, Forthcoming
Posted: 13 Nov 2004
Dan S. Dhaliwal and Oliver Zhen Li
University of Arizona - Department of Accounting and National University of Singapore (NUS)

Abstract:

Loading...

52.

Is a Dividend Tax Penalty Incorporated into the Return on a Firm's Common Stock?

Journal of Accounting and Economics, Vol. 35, No. 2, April 2003
Posted: 29 Jan 2003
Dan S. Dhaliwal, Oliver Zhen Li and Robert Trezevant
University of Arizona - Department of Accounting, National University of Singapore (NUS) and University of Southern California - Leventhal School of Accounting

Abstract:

Loading...

taxes, dividend tax capitalization, expected return on common stocks