Luo Zuo

National University of Singapore

Provost’s Chair Professor of Accounting and Finance

Cornell University

Professor of Accounting

  • National University of Singapore

  • Cornell University

SCHOLARLY PAPERS

30

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24,931

SSRN CITATIONS
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SSRN RANKINGS

Top 1,650

in Total Papers Citations

751

CROSSREF CITATIONS

170

Scholarly Papers (30)

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1.

The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis

Downloads 4,006 ( 4,442)
Citation 31

The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis

Journal of Business Finance and Accounting, Forthcoming
Number of pages: 45 Posted: 01 Nov 2011 Last Revised: 04 Jul 2016
Karthik Balakrishnan, Ross L. Watts and Luo Zuo
Rice University - Jesse H. Jones Graduate School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 3,574 (5,304)
Citation 3

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Accounting Conservatism; Investment; Information Frictions; Financing Constraints; Crisis

The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis

Journal of Business Finance and Accounting, Vol. 43, No. 5-6, 2016
Number of pages: 45 Posted: 06 Jul 2016 Last Revised: 27 Jul 2016
Karthik Balakrishnan, Ross L. Watts and Luo Zuo
Rice University - Jesse H. Jones Graduate School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 432 (112,387)
Citation 9

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Accounting Conservatism; Investment; Information Frictions; Financing Constraints; Crisis

2.

The Economics of Accounting

Number of pages: 220 Posted: 06 May 2018 Last Revised: 28 Jun 2023
Richard M. Frankel, S.P. Kothari and Luo Zuo
Washington University in Saint Louis - Olin Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 3,220 (6,437)
Citation 1

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Accounting, stewardship, valuation, information asymmetry, earnings, stock price, shareholder value, efficiency, stakeholder.

3.

Asymmetric Cost Behavior and Dividend Policy

Downloads 1,305 (26,211)
Citation 22

Asymmetric Cost Behavior and Dividend Policy

Journal of Accounting Research, Forthcoming
Number of pages: 58 Posted: 17 Jan 2016 Last Revised: 27 Jul 2020
Jie He, Xuan Tian, Huan Yang and Luo Zuo
University of Georgia - Department of Finance, Tsinghua University - PBC School of Finance, University of Massachusetts Amherst - Department of Finance and National University of Singapore
Downloads 1,305 (25,767)
Citation 22

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Asymmetric cost behavior; cost stickiness; dividend payouts; resource adjustment cost

Asymmetric Cost Behavior and Dividend Policy

Journal of Accounting Research, Volume 58, Issue 4, September 2020
Posted: 02 Dec 2020
Jie He, Xuan Tian, Huan Yang and Luo Zuo
University of Georgia - Department of Finance, Tsinghua University - PBC School of Finance, University of Massachusetts Amherst - Department of Finance and National University of Singapore

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Asymmetric cost behavior; cost stickiness; dividend payouts; resource adjustment cost

4.

Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking

Downloads 1,257 (27,726)
Citation 58

Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking

Journal of Accounting Research, Forthcoming
Number of pages: 72 Posted: 20 Dec 2015 Last Revised: 01 Jan 2017
Alexander Ljungqvist, Alexander Ljungqvist, Liandong Zhang and Luo Zuo
Centre for Economic Policy Research (CEPR)Swedish House of Finance, Singapore Management University - School of Accountancy and National University of Singapore
Downloads 989 (38,476)
Citation 54

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Risk taking, corporate taxes

Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking

Journal of Accounting Research, Forthcoming
Number of pages: 72 Posted: 24 Oct 2016 Last Revised: 01 Jan 2017
Alexander Ljungqvist, Alexander Ljungqvist, Liandong Zhang and Luo Zuo
Centre for Economic Policy Research (CEPR)Swedish House of Finance, Singapore Management University - School of Accountancy and National University of Singapore
Downloads 213 (237,637)

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Risk taking, corporate taxes

Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking

NBER Working Paper No. w21834
Number of pages: 72 Posted: 04 Jan 2016 Last Revised: 27 Feb 2023
Alexander Ljungqvist, Alexander Ljungqvist, Liandong Zhang and Luo Zuo
Centre for Economic Policy Research (CEPR)Swedish House of Finance, Singapore Management University - School of Accountancy and National University of Singapore
Downloads 55 (624,247)
Citation 3

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Sharing Risk with the Government: How Taxes Affect Corporate Risk Taking

Journal of Accounting Research, Vol. 55, No. 3, 2017
Posted: 18 Oct 2017
Alexander Ljungqvist, Alexander Ljungqvist, Liandong Zhang and Luo Zuo
Centre for Economic Policy Research (CEPR)Swedish House of Finance, Singapore Management University - School of Accountancy and National University of Singapore

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risk taking; corporate taxes

5.

The Disciplinary Role of Major Corporate Customers

Number of pages: 80 Posted: 06 Jan 2021 Last Revised: 21 Feb 2023
Jie Chen, Xunhua Su, Xuan Tian, Bin Xu and Luo Zuo
Leeds University Business School, University of Leeds, Norwegian School of Economics (NHH), Tsinghua University - PBC School of Finance, University of Leeds and National University of Singapore
Downloads 1,150 (31,647)
Citation 1

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Corporate misconduct, customer, supplier, stakeholder, risk management.

6.

The Role of Accounting Conservatism in the Equity Market: Evidence from Seasoned Equity Offerings

The Accounting Review, Forthcoming
Number of pages: 47 Posted: 04 Nov 2012 Last Revised: 08 Jan 2015
Yongtae Kim, Siqi Li, Carrie H. Pan and Luo Zuo
Santa Clara University - Leavey School of Business, Santa Clara University - Leavey School of Business, Santa Clara University - Department of Finance and National University of Singapore
Downloads 1,134 (32,246)
Citation 31

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accounting conservatism, seasoned equity offerings, announcement returns

7.

The Real Effects of Modern Information Technologies: Evidence from the EDGAR Implementation

Downloads 1,065 (35,217)
Citation 6

The Real Effects of Modern Information Technologies: Evidence from the EDGAR Implementation

Journal of Accounting Research, Forthcoming
Number of pages: 57 Posted: 07 Jul 2020 Last Revised: 04 Jun 2023
Itay Goldstein, Shijie Yang and Luo Zuo
University of Pennsylvania - The Wharton School - Finance Department, Southern University of Science and Technology and National University of Singapore
Downloads 658 (67,007)

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Corporate Investment, Information Technologies, EDGAR, Equity Financing, Managerial Incentives.

The Real Effects of Modern Information Technologies: Evidence from the Edgar Implementation

NBER Working Paper No. w27529
Number of pages: 58 Posted: 14 Jul 2020 Last Revised: 18 Jul 2023
Itay Goldstein, Shijie Yang and Luo Zuo
University of Pennsylvania - The Wharton School - Finance Department, Southern University of Science and Technology and National University of Singapore
Downloads 407 (120,582)
Citation 5

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8.

Long-Term Impact of Economic Conditions on Auditors’ Judgment

Downloads 1,059 (35,468)
Citation 27

Long-Term Impact of Economic Conditions on Auditors’ Judgment

The Accounting Review, Forthcoming
Number of pages: 54 Posted: 05 Jan 2017 Last Revised: 03 Oct 2018
Xianjie He, S.P. Kothari, Tusheng Xiao and Luo Zuo
Shanghai University of Finance and Economics - School of Accountancy, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Central University of Finance and Economics and National University of Singapore
Downloads 843 (48,096)
Citation 4

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economic condition; audit adjustment; imprinting

Long-Term Impact of Economic Conditions on Auditors’ Judgment

The Accounting Review, Forthcoming
Number of pages: 54 Posted: 21 Feb 2018 Last Revised: 03 Oct 2018
Xianjie He, S.P. Kothari, Tusheng Xiao and Luo Zuo
Shanghai University of Finance and Economics - School of Accountancy, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Central University of Finance and Economics and National University of Singapore
Downloads 216 (234,558)
Citation 12

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economic condition; audit adjustment; imprinting

9.

Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles

Downloads 1,058 (35,516)
Citation 91

Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles

Review of Financial Studies, Forthcoming
Number of pages: 49 Posted: 07 Nov 2011 Last Revised: 01 Feb 2017
Antoinette Schoar and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 608 (74,004)
Citation 4

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Recession, Career Path, Management Style, Executive Labor Market

Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles

Review of Financial Studies, Forthcoming
Number of pages: 49 Posted: 06 Aug 2016 Last Revised: 01 Feb 2017
Antoinette Schoar and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 392 (126,008)
Citation 1

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Recession, Career Path, Management Style, Executive Labor Market

Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles

NBER Working Paper No. w17590
Number of pages: 50 Posted: 15 Nov 2011 Last Revised: 26 Jul 2023
Antoinette Schoar and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 58 (608,030)
Citation 35

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10.

Industry-Specific Knowledge Transfer in Audit Firms: Evidence from Audit Firm Mergers in China

The Accounting Review, Forthcoming
Number of pages: 68 Posted: 08 Aug 2018 Last Revised: 28 Jun 2021
Xianjie He, S.P. Kothari, Tusheng Xiao and Luo Zuo
Shanghai University of Finance and Economics - School of Accountancy, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Central University of Finance and Economics and National University of Singapore
Downloads 1,006 (38,151)
Citation 8

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Knowledge Transfer, Audit Firm Merger, Industry Expertise, Audit Quality, China

11.

Disclosure Regulation: Past, Present, and Future

Handbook of Financial Decision Making, Forthcoming
Number of pages: 32 Posted: 10 Jun 2022 Last Revised: 17 Mar 2023
S.P. Kothari, Liandong Zhang and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Singapore Management University - School of Accountancy and National University of Singapore
Downloads 959 (40,942)

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Regulation, corporate disclosure, financial reporting, capital market, political economy, information asymmetry

12.

Behavioral Economics of Accounting: A Review of Archival Research on Individual Decision Makers

Downloads 925 (43,010)

Behavioral Economics of Accounting: A Review of Archival Research on Individual Decision Makers

Contemporary Accounting Research, Forthcoming
Number of pages: 112 Posted: 15 Sep 2021 Last Revised: 09 Nov 2021
Michelle Hanlon, Kelvin Yeung and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management, City University of Hong Kong (CityU) - College of Business and National University of Singapore
Downloads 925 (42,388)
Citation 30

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Accounting, behavioral economics, individual decision makers, Homo economicus, Homo sapiens, informal institutions.

Behavioral Economics of Accounting: A Review of Archival Research on Individual Decision Makers

Contemporary Accounting Research, Forthcoming
Posted: 18 Oct 2021
Michelle Hanlon, Kelvin Yeung and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management, City University of Hong Kong (CityU) - College of Business and National University of Singapore

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Accounting, behavioral economics, individual decision makers, Homo economicus, Homo sapiens, informal institutions

13.

Financial Reporting Frequency and Corporate Innovation

Journal of Law and Economics, Forthcoming
Number of pages: 47 Posted: 02 Aug 2019 Last Revised: 18 Sep 2020
Renhui Fu, Arthur G. Kraft, Xuan Tian, Huai Zhang and Luo Zuo
Shanghai Jiao Tong University (SJTU) - Antai College of Economics and Management, City University London - Cass Business School, Tsinghua University - PBC School of Finance, Nanyang Business School, Nanyang Technological University and National University of Singapore
Downloads 730 (59,258)
Citation 4

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regulation, reporting frequency, innovation, managerial myopia, externality

14.

Top Management Team Power in China: Measurement and Validation

Management Science, Forthcoming
Number of pages: 73 Posted: 03 Jul 2018 Last Revised: 12 Oct 2020
Bin Ke, Xinshu Mao, Bin Wang and Luo Zuo
National University of Singapore, Beijing Technology and Business University, Beijing Technology and Business University and National University of Singapore
Downloads 670 (66,262)

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power, top management team, executive compensation, nonmarket institutional force, China

15.

Does the Market Value CEO Styles?

American Economic Review, Vol. 106, No. 5, 2016
Number of pages: 8 Posted: 17 May 2016
Antoinette Schoar and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 564 (82,230)
Citation 3

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CEO Turnover, Announcement Return, Management Style, Recession, Executive Labor Market

16.

Customer-Supplier Relationships and Corporate Tax Avoidance

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 46 Posted: 24 Oct 2016
Ling Cen, Edward L. Maydew, Liandong Zhang and Luo Zuo
The Chinese University of Hong Kong, University of North Carolina at Chapel Hill, Singapore Management University - School of Accountancy and National University of Singapore
Downloads 508 (93,701)
Citation 76

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tax avoidance, customers, suppliers, industrial organization, supply chain

17.

Understanding Practice and Institutions: A Historical Perspective

Downloads 463 (104,976)
Citation 2

Understanding Practice and Institutions: A Historical Perspective

Number of pages: 36 Posted: 16 Jun 2016 Last Revised: 04 Jul 2016
Ross L. Watts and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore
Downloads 463 (103,919)
Citation 2

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stewardship; conservatism; prudence; market forces; political forces

Understanding Practice and Institutions: A Historical Perspective

Accounting Horizons, Vol. 30, No. 3, 2016
Posted: 30 Jul 2016
Ross L. Watts and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management and National University of Singapore

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stewardship; conservatism; prudence; market forces; political forces

18.

Do Auditors Reduce Clients’ Costs of Identifying Public Information? Evidence from Patent Citations

Number of pages: 45 Posted: 06 May 2022 Last Revised: 15 Jul 2023
Xuan Tian, Jiawen Yan and Luo Zuo
Tsinghua University - PBC School of Finance, Cornell University - Samuel Curtis Johnson Graduate School of Management and National University of Singapore
Downloads 433 (113,834)
Citation 1

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Shared Auditor, Public Information, Patent Citation, Innovation

19.

A Global Equilibrium Asset Pricing Model with Home Preference

Downloads 426 (115,442)
Citation 18

A Global Equilibrium Asset Pricing Model with Home Preference

Number of pages: 38 Posted: 06 Mar 2011 Last Revised: 08 Nov 2011
Bruno Solnik and Luo Zuo
Hong Kong University of Science & Technology (HKUST) - Department of Finance and National University of Singapore
Downloads 376 (132,184)
Citation 18

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International Asset Pricing, Home Bias, Familiarity, Regret

A Global Equilibrium Asset Pricing Model with Home Preference

Management Science, Vol. 58, No. 2, 2012
Number of pages: 4 Posted: 26 Mar 2016 Last Revised: 09 Jun 2017
Bruno Solnik and Luo Zuo
Hong Kong University of Science & Technology (HKUST) - Department of Finance and National University of Singapore
Downloads 50 (652,986)

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International Asset Pricing, Home Bias, Familiarity, Regret

20.

How Does the Economy Shape the Financial Advisory Profession?

Management Science, Forthcoming
Number of pages: 46 Posted: 06 Nov 2019 Last Revised: 27 Aug 2020
Kelvin Law and Luo Zuo
Nanyang Business School, Nanyang Technological University and National University of Singapore
Downloads 397 (125,280)
Citation 5

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financial advisor, recession, misconduct, selection, imprinting

21.

The Effect of Managers on Systematic Risk

Downloads 366 (137,333)

The Effect of Managers on Systematic Risk

Management Science, Forthcoming
Number of pages: 79 Posted: 07 Jul 2020 Last Revised: 07 Jul 2022
Antoinette Schoar, Kelvin Yeung and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management, City University of Hong Kong (CityU) - College of Business and National University of Singapore
Downloads 346 (144,988)

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Manager Fixed Effects, Systematic Risk, Managerial Style.

The Effect of Managers on Systematic Risk

NBER Working Paper No. w27487
Number of pages: 80 Posted: 10 Aug 2020 Last Revised: 08 Feb 2023
Antoinette Schoar, Kelvin Yeung and Luo Zuo
Massachusetts Institute of Technology (MIT) - Sloan School of Management, City University of Hong Kong (CityU) - College of Business and National University of Singapore
Downloads 20 (883,862)

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22.

Rocking the Boat: How Relative Performance Evaluation Affects Corporate Risk Taking

Journal of Accounting & Economics (JAE), Forthcoming, Nanyang Business School Research Paper No. 20-08
Number of pages: 51 Posted: 28 May 2020 Last Revised: 24 Jun 2021
Truc (Peter) Do, Huai Zhang and Luo Zuo
University of Queensland - Faculty of Business, Economics and Law, Nanyang Business School, Nanyang Technological University and National University of Singapore
Downloads 362 (139,025)
Citation 8

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Relative performance evaluation, tournament incentives, interim performance, risk taking.

23.

Auditor Industry Range and Audit Quality

Number of pages: 61 Posted: 10 Jun 2022 Last Revised: 25 Aug 2023
Simon Dekeyser, Xianjie He, Tusheng Xiao and Luo Zuo
KU Leuven - Department of Accountancy, Finance and Insurance (AFI), Shanghai University of Finance and Economics - School of Accountancy, Central University of Finance and Economics and National University of Singapore
Downloads 357 (141,113)

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Industry Range, Audit Quality, Audit Adjustment, Experience, Cognitive Entrenchment.

24.

Does Algorithmic Trading Affect Forced CEO Turnover? A Learning Hypothesis

Number of pages: 51 Posted: 13 Sep 2022 Last Revised: 21 Nov 2022
Jaewoo Kim, Jun Oh, Hojun Seo and Luo Zuo
University of Oregon - Department of Accounting, Hong Kong University of Science & Technology (HKUST) - Department of Accounting, Purdue University and National University of Singapore
Downloads 319 (159,231)

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Algorithmic trading; CEO turnover; CEO-firm match; Directors; Learning

25.

The Informational Feedback Effect of Stock Prices on Management Forecasts

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 49 Posted: 11 Mar 2016 Last Revised: 04 Apr 2016
Luo Zuo
National University of Singapore
Downloads 317 (160,248)
Citation 33

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Learning from Prices, Private Information, Probability of Informed Trading, Mutual Fund Redemptions, Management Forecasts, Corporate Disclosure

26.

Reporting Technologies and Textual Readability: Evidence from the XBRL Mandate

Information Systems Research, Forthcoming, HEC Paris Research Paper No. MOSI-2021-1422
Number of pages: 50 Posted: 06 Apr 2021 Last Revised: 23 Apr 2021
Xitong Li, Hongwei (Harry) Zhu and Luo Zuo
HEC Paris - Information Systems and Operations Management, University of Massachusetts Lowell and National University of Singapore
Downloads 297 (171,661)
Citation 6

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XBRL, reporting technologies, readability, limited attention, difference-in-differences

27.

Relative Optimism and the Home Bias Puzzle

Review of Finance, Forthcoming
Number of pages: 45 Posted: 21 Feb 2014 Last Revised: 07 May 2016
Bruno Solnik and Luo Zuo
Hong Kong University of Science & Technology (HKUST) - Department of Finance and National University of Singapore
Downloads 248 (205,995)
Citation 8

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Expectations, Relative Optimism, Familiarity, Home Bias

28.

Public Concern about Immigration and Customer Complaints against Minority Financial Advisors

Management Science, Forthcoming, Nanyang Business School Research Paper No. 21-33
Number of pages: 49 Posted: 10 Sep 2021 Last Revised: 02 Sep 2022
Kelvin Law and Luo Zuo
Nanyang Business School, Nanyang Technological University and National University of Singapore
Downloads 192 (261,937)
Citation 4

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Immigration concern, minority advisor, customer complaint.

29.

Accounting for Goodwill in China: A Case Study of Two-Step Acquisitions

China Journal of Accounting Studies, Forthcoming
Number of pages: 38 Posted: 23 Feb 2023 Last Revised: 08 May 2023
Ceng Zeng, Weiguo Zhang and Luo Zuo
Shanghai University of Finance and Economics, Shanghai University of Finance and Economics and National University of Singapore
Downloads 138 (346,008)

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Accounting standard, goodwill, two-step acquisition, China

30.

The Power Behind the Pen: Institutional Investors’ Influence on Media during Corporate Litigation

Posted: 21 May 2020 Last Revised: 31 Aug 2023
Jie He, Han Xia, Yabo Zhao and Luo Zuo
University of Georgia - Department of Finance, University of Texas at Dallas - Naveen Jindal School of Management, The Chinese University of Hong Kong, Shenzhen and National University of Singapore

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Institutional investors, media incentives, media tone, corporate litigation