Xiao-Jun Zhang

University of California, Berkeley

545 Student Services Building

SPC 1900

Berkeley, CA 94720

United States

China Academy of Financial Research (CAFR)

1954 Huashan Road

Shanghai P.R.China, 200030

China

SCHOLARLY PAPERS

22

DOWNLOADS
Rank 452

SSRN RANKINGS

Top 452

in Total Papers Downloads

34,489

CITATIONS
Rank 1,505

SSRN RANKINGS

Top 1,505

in Total Papers Citations

373

Scholarly Papers (22)

1.

Accounting Conservatism, the Quality of Earnings, and Stock Returns

Number of pages: 39 Posted: 23 Jan 2000
Stephen H. Penman and Xiao-Jun Zhang
Columbia Business School - Department of Accounting and University of California, Berkeley
Downloads 9,776 (295)
Citation 126

Abstract:

2.

Modeling Sustainable Earnings and P/E Ratios with Financial Statement Analysis

Forthcoming
Number of pages: 57 Posted: 31 Jul 2002 Last Revised: 17 Aug 2011
Stephen H. Penman and Xiao-Jun Zhang
Columbia Business School - Department of Accounting and University of California, Berkeley
Downloads 7,925 (434)
Citation 16

Abstract:

sustainable earnings, earnings quality, financial statement analysis, price-earnings ratios

3.

The Eyeballs Have It: Searching for the Value in Internet Stocks

Number of pages: 38 Posted: 15 Feb 2000
Brett Trueman, M.H. Franco Wong and Xiao-Jun Zhang
University of California, Los Angeles (UCLA) - Anderson School of Management, University of Toronto - Rotman School of Management and University of California, Berkeley
Downloads 4,448 (1,355)
Citation 70

Abstract:

4.

Back to Basics: Forecasting the Revenues of Internet Firms

Number of pages: 37 Posted: 29 May 2000
Brett Trueman, M.H. Franco Wong and Xiao-Jun Zhang
University of California, Los Angeles (UCLA) - Anderson School of Management, University of Toronto - Rotman School of Management and University of California, Berkeley
Downloads 2,115 (4,915)
Citation 31

Abstract:

Conservative Accounting and Equity Valuation

Number of pages: 34 Posted: 10 Nov 2000
Xiao-Jun Zhang
University of California, Berkeley
Downloads 1,509 (8,911)
Citation 57

Abstract:

Conservative Accounting and Equity Valuation

Journal of Accounting & Economics, Vol 29, No 2, April 2000
Posted: 10 Nov 2000
Xiao-Jun Zhang
University of California, Berkeley

Abstract:

Anomalous Stock Returns Around Internet Firms' Earnings Announcements

JAE Boston Conference June 2001
Number of pages: 41 Posted: 28 Apr 2001
Brett Trueman, M.H. Franco Wong and Xiao-Jun Zhang
University of California, Los Angeles (UCLA) - Anderson School of Management, University of Toronto - Rotman School of Management and University of California, Berkeley
Downloads 1,077 (15,268)
Citation 18

Abstract:

Anomalous Stock Returns Around Internet Firms' Earnings Announcements

Journal of Accounting and Economics, Vol. 34, Nos. 1-3, pp. 249-271, January 2003
Posted: 05 Feb 2003
Brett Trueman, M.H. Franco Wong and Xiao-Jun Zhang
University of California, Los Angeles (UCLA) - Anderson School of Management, University of Toronto - Rotman School of Management and University of California, Berkeley

Abstract:

capital market, internet, stock returns, earnings announcement, price pressure

7.

Accounting Conservatism, Aggregation, and Information Quality

Number of pages: 19 Posted: 04 Dec 2007 Last Revised: 02 Jul 2015
Qintao Fan and Xiao-Jun Zhang
University of Oregon, Lundquist School of Business and University of California, Berkeley
Downloads 882 (19,426)
Citation 3

Abstract:

Accounting Conservatism, Information Aggregation, Information Quality

8.

Revenue Recognition in a Multiperiod Agency Setting

Number of pages: 44 Posted: 25 Jul 2000
Sunil Dutta and Xiao-Jun Zhang
University of California, Berkeley - Haas School of Business and University of California, Berkeley
Downloads 774 (22,760)
Citation 21

Abstract:

9.

Information Relevance, Reliability, and Disclosure

Review of Accounting Studies (2012) 17:189-226
Number of pages: 53 Posted: 22 May 2009 Last Revised: 01 Mar 2014
Xiao-Jun Zhang
University of California, Berkeley
Downloads 721 (25,268)
Citation 1

Abstract:

Reliability, Relevance, Disclosure

10.

Do Temporary Increases in Information Asymmetry Affect the Cost of Equity?

Management Science, Forthcoming
Number of pages: 38 Posted: 08 May 2008 Last Revised: 22 May 2014
Shai Levi and Xiao-Jun Zhang
Tel Aviv University and University of California, Berkeley
Downloads 567 (34,956)

Abstract:

Information Asymmetry, Earnings Release, Expected Returns

11.

Financial Reporting Complexity and Investor Underreaction to 10-K Information

Review of Accounting Studies, Vol. 14, No. 4, 2009
Number of pages: 45 Posted: 13 May 2007 Last Revised: 07 Feb 2012
Haifeng You and Xiao-Jun Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of California, Berkeley
Downloads 512 (37,179)
Citation 25

Abstract:

12.

Selective Trading of Available-for-Sale Securities: Evidence from U.S. Commercial Banks

Accepted for publication in European Accounting Review in March 2017
Number of pages: 51 Posted: 27 Jan 2011 Last Revised: 06 Mar 2017
Minyue Dong and Xiao-Jun Zhang
University of Lausanne and University of California, Berkeley
Downloads 465 (49,856)
Citation 4

Abstract:

Selective trading; Available-for-sale securities; Disclosure format; Earnings management; Commercial banks; Fair value accounting

13.

Book-to-Market Ratio and Skewness of Stock Returns

Accounting Review, Vol. 88, No. 6, 2013
Number of pages: 28 Posted: 05 Jan 2011 Last Revised: 02 Jul 2015
Xiao-Jun Zhang
University of California, Berkeley
Downloads 376 (46,432)
Citation 1

Abstract:

Accounting conservatism, Value/glamour stocks, Book-to-market ratio, Skewness, Growth, Capital asset pricing

14.

Connecting Book Rate of Return to Risk and Return: The Information Conveyed by Conservative Accounting

Columbia Business School Research Paper No. 14-21
Number of pages: 64 Posted: 01 Mar 2014 Last Revised: 16 Dec 2016
Stephen H. Penman and Xiao-Jun Zhang
Columbia Business School - Department of Accounting and University of California, Berkeley
Downloads 321 (38,654)

Abstract:

book rate of return, conservative accounting, risk and return

15.

Limited Attention and Stock Price Drift Following Earnings Announcements and 10-K Filings

Number of pages: 52 Posted: 19 Sep 2009
Haifeng You and Xiao-Jun Zhang
Hong Kong University of Science & Technology (HKUST) - Department of Accounting and University of California, Berkeley
Downloads 248 (94,036)

Abstract:

stock price drift, earnings, 10-K, limited attention

Abstract:

17.

A Theoretical Analysis Connecting Conservative Accounting to the Cost of Capital

Number of pages: 55 Posted: 26 Nov 2016 Last Revised: 21 Aug 2017
Stephen H. Penman and Xiao-Jun Zhang
Columbia Business School - Department of Accounting and University of California, Berkeley
Downloads 0 (137,583)

Abstract:

conservative accounting, risk and return, earnings yield, earnings growth, accruals

18.

Loss-Aversion Discount on Earnings News

Number of pages: 39 Posted: 10 Nov 2016
Shai Levi and Xiao-Jun Zhang
Tel Aviv University and University of California, Berkeley
Downloads 0 (428,337)

Abstract:

19.

Mixing Fair-Value and Historical-Cost Accounting: Predictable Other-Comprehensive-Income and Mispricing of Bank Stocks

Number of pages: 46 Posted: 10 Nov 2016 Last Revised: 17 Aug 2017
Peter D. Easton and Xiao-Jun Zhang
University of Notre Dame - Department of Accountancy and University of California, Berkeley
Downloads 0 (140,397)

Abstract:

Market mispricing; Bank risk factors; Holding gains and losses; Available-for-sale securities; Commercial banks; Fair value accounting; Other comprehensive income

20.

Strategic Trading at the Preopening after Earnings Announcements

Number of pages: 36 Posted: 13 Oct 2016 Last Revised: 03 May 2017
Shai Levi and Xiao-Jun Zhang
Tel Aviv University and University of California, Berkeley
Downloads 0 (235,596)

Abstract:

earnings announcements, price discovery, preopening, informed trading

21.

Are Extended Hours Prices Predictive of Subsequent Stock Returns?

Number of pages: 38 Posted: 15 Jul 2016 Last Revised: 01 Dec 2016
Shai Levi, Joshua Livnat, Li Zhang and Xiao-Jun Zhang
Tel Aviv University, New York University, Rutgers Business School and University of California, Berkeley
Downloads 0 (90,712)

Abstract:

Extended hours trading, earnings announcements, stock recommendation changes, SEC filings, under-reaction

22.

Asymmetric Decrease in Liquidity Trading before Earnings Announcements and the Announcement Return Premium

Journal of Financial Economics (JFE), Forthcoming
Posted: 03 Feb 2013 Last Revised: 20 Aug 2015
Shai Levi and Xiao-Jun Zhang
Tel Aviv University and University of California, Berkeley

Abstract:

Earnings announcement premium; liquidity