Feng Li

Shanghai Advanced Institute of Finance, Shanghai Jiaotong University

Professor of Accounting

211 West Huaihai Road

Shanghai, Shanghai 200030

China

  • Shanghai Advanced Institute of Finance, Shanghai Jiaotong University

SCHOLARLY PAPERS

19

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CITATIONS
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205

Scholarly Papers (19)

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1.

Annual Report Readability, Current Earnings, and Earnings Persistence

Ross School of Business Paper No. 1028
Number of pages: 67 Posted: 10 Mar 2006
Feng Li
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 2,427 (5,043)
Citation 91

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Disclosure, Annual report readability, Earnings Persistence

2.

Empirical Investigation of an Equity Pairs Trading Strategy

forthcoming, Management Science
Number of pages: 47 Posted: 17 Mar 2009 Last Revised: 09 Apr 2017
Huafeng (Jason) Chen, Shaojun Jenny Chen, Zhuo Chen and Feng Li
Tsinghua University - PBC School of Finance, Connor, Clark, and Lunn Investment Management, Tsinghua University and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 2,421 (5,069)
Citation 4

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3.

Do Stock Market Investors Understand the Risk Sentiment of Corporate Annual Reports?

Number of pages: 54 Posted: 26 Apr 2006
Feng Li
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 2,170 (6,089)
Citation 28

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Annual report, risk sentiment, earnings, stock returns

4.

Financial Reporting Quality and Economic Growth

Number of pages: 61 Posted: 11 Sep 2008 Last Revised: 24 Jun 2010
Feng Li and Nemit Shroff
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,874 (7,864)

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Financial reporting quality, corporate transparency, transparency, earnings quality, information uncertainty, IFRS, information asymmetry, economic growth

5.

Corporate Governance When Founders are Directors

Downloads 1,638 ( 9,792)
Citation 7

Corporate Governance When Founders are Directors

Journal of Financial Economics, Forthcoming
Number of pages: 51 Posted: 23 Aug 2010 Last Revised: 09 Jan 2011
Feng Li and Suraj Srinivasan
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University and Harvard Business School
Downloads 1,248 (14,802)
Citation 7

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Founder, CEO compensation, CEO turnover, family firms, corporate governance, board of directors

Corporate Governance When Founders are Directors

Journal of Financial Economics, Vol. 102, No. 2, pp. 454-469, November 2011
Number of pages: 51 Posted: 08 Jan 2011 Last Revised: 24 Nov 2011
Feng Li and Suraj Srinivasan
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University and Harvard Business School
Downloads 390 (72,536)
Citation 7

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CEO Compensation, CEO Turnover, Founder, Corporate Governance, Board of Directors

6.

Employee Stock Options, Equity Valuation, and the Valuation of Option Grants Using a Warrant-Pricing Model

Downloads 1,353 ( 13,050)
Citation 7

Employee Stock Options, Equity Valuation, and the Valuation of Option Grants Using a Warrant-Pricing Model

Number of pages: 51 Posted: 21 May 2004
M.H. Franco Wong and Feng Li
University of Toronto - Rotman School of Management and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 1,353 (13,070)
Citation 7

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Employee stock options, warrant-pricing model, equity valuation

Employee Stock Options, Equity Valuation, and the Valuation of Option Grants Using a Warrant-Pricing Model

Journal of Accounting Research, Vol. 43, No. 1, pp. 97-131, March 2005
Posted: 31 Mar 2005
M.H. Franco Wong and Feng Li
University of Toronto - Rotman School of Management and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University

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7.

Firm Specific Information and the Cost of Equity Capital

Number of pages: 34 Posted: 08 Jun 2006 Last Revised: 16 Apr 2018
Philip G. Berger, Huafeng (Jason) Chen and Feng Li
University of Chicago - Booth School of Business, Tsinghua University - PBC School of Finance and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 1,269 (14,705)
Citation 7

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information quality, the cost of equity capital, firm-specific information

8.

The Effect of Annual Report Readability on Analyst Following and the Properties of Their Earnings Forecasts

The Accounting Review, Vol. 86, No. 3, 2011
Number of pages: 48 Posted: 24 Sep 2009 Last Revised: 05 Mar 2012
Reuven Lehavy, Feng Li and Kenneth J. Merkley
University of Michigan, Stephen M. Ross School of Business, Shanghai Advanced Institute of Finance, Shanghai Jiaotong University and Indiana University - Kelley School of Business - Department of Accounting
Downloads 1,081 (18,799)
Citation 14

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analyst coverage, analyst's forecasts, disclosure, annual report readability

9.

A Measure of Competition Based on 10-K Filings

Chicago Booth Research Paper No. 11-30, Journal of Accounting Research, Forthcoming
Number of pages: 55 Posted: 15 Aug 2011 Last Revised: 24 Oct 2012
Feng Li, Russell J. Lundholm and Michael Minnis
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University, University of British Columbia - Sauder School of Business and University of Chicago - Booth School of Business
Downloads 1,062 (19,275)
Citation 5

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competition, disclosure, earnings persistence, earnings mean reversion, diminishing marginal returns

10.

Managers’ Self-Serving Attribution Bias and Corporate Financial Policies

Number of pages: 37 Posted: 12 Jul 2010
Feng Li
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 821 (28,080)
Citation 6

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Self-Serving Attribution Bias, MD&A, Textual Analysis, Investing and Financing Policies

11.

The Determinants and Information Content of the Forward-looking Statements in Corporate Filings - A Naive Bayesian Machine Learning Approach

AAA 2009 Financial Accounting and Reporting Section (FARS) Paper
Number of pages: 57 Posted: 13 Sep 2008
Feng Li
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 821 (28,080)
Citation 36

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MD&A, Information content, Machine learning

12.

Earnings Quality Based on Corporate Investment Decisions

Number of pages: 49 Posted: 26 Jul 2007
Feng Li
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 804 (28,865)

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corporate investment, earnings quality, earnings persistence

13.

Growth and Accounting Choice

Downloads 587 ( 44,148)

Growth and Accounting Choice

Number of pages: 47 Posted: 31 Aug 2006
Ilia D. Dichev and Feng Li
Emory University - Department of Accounting and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 587 (43,536)

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Growth, accounting choice

Growth and Accounting Choice

Australian Journal of Management, Vol. 38, No. 2, 2013
Posted: 30 Jul 2013
Ilia D. Dichev and Feng Li
Emory University - Department of Accounting and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University

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Accounting choice, aggressiveness, growth

14.

Do the Notes to the Financial Statements Provide Information about the Degree of Subjectivity in Accruals?

Number of pages: 56 Posted: 29 Feb 2016 Last Revised: 17 Jan 2019
Huafeng (Jason) Chen, Jason V. Chen and Feng Li
Tsinghua University - PBC School of Finance, University of Illinois at Chicago and Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Downloads 335 (87,353)

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textual analysis; accruals quality; accruals persistence; accrual anomaly

15.

Another Look at Operating Leverage and Stock Returns

Number of pages: 71 Posted: 01 May 2018 Last Revised: 30 Oct 2018
Huafeng (Jason) Chen, Jason V. Chen, Feng Li and Pengfei Li
Tsinghua University - PBC School of Finance, University of Illinois at Chicago, Shanghai Advanced Institute of Finance, Shanghai Jiaotong University and School of Economics & Management, Tsinghua University
Downloads 145 (196,637)

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operating leverage, fixed costs; stock returns, factor models

16.

Knowledge, Compensation, and Firm Value: An Empirical Analysis of Firm Communication

Journal of Accounting and Economics, Volume 58, Issue 1, August 2014, Pages 96–116, Chicago Booth Research Paper No. 12-03, Rock Center for Corporate Governance at Stanford University Working Paper No. 83
Posted: 24 Nov 2014 Last Revised: 18 Sep 2015
Feng Li, Michael Minnis, Venky Nagar and Madhav V. Rajan
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University, University of Chicago - Booth School of Business, University of Michigan, Stephen M. Ross School of Business and Booth School of Business, University of Chicago

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knowledge, communication, firm value, compensation, authority, organization

17.

Textual Analysis of Corporate Disclosures: A Survey of the Literature

Journal of Accounting Literature, Forthcoming
Posted: 08 Feb 2011
Feng Li
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University

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Textual analysis, disclosure

18.

The Information Content of Forward-Looking Statements in Corporate Filings – A Naive Bayesian Machine Learning Approach

Journal of Accounting Research, Forthcoming
Posted: 13 Jun 2010
Feng Li
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University

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MD&A, Information content, Machine learning, Dictionary approach, Accrual anomaly

19.

The Implications of Annual Report's Risk Sentiment for Future Earnings and Stock Returns

Posted: 14 Mar 2006
Feng Li
Shanghai Advanced Institute of Finance, Shanghai Jiaotong University

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Annual report, risk sentiment, earnings, stock returns