Edward Xuejun Li

City University of New York (CUNY) - Stan Ross Department of Accountancy

Associate Professor of Accounting

One Bernard Baruch Way, Box B12-225

New York, NY 10010

United States

  • City University of New York (CUNY) - Stan Ross Department of Accountancy

    • Email
    • Tel: 646-312-3235
SCHOLARLY PAPERS

16

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8,639

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Top 7,348

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101

Scholarly Papers (16)

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1.

Management Forecasts and Bad News Hoarding: Evidence from Stock Price Crashes

Number of pages: 63 Posted: 09 May 2012 Last Revised: 27 Oct 2018
Sophia Hamm, Edward Xuejun Li and Jeffrey Ng
Tulane University - A.B. Freeman School of Business, City University of New York (CUNY) - Stan Ross Department of Accountancy and The University of Hong Kong - Faculty of Business and Economics
Downloads 1,899 (19,020)
Citation 14

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crash risk, earnings guidance, forecast bias, optimism

2.

The Promise and Peril of Generative AI: Evidence from GPT-4 as Sell-Side Analysts

Number of pages: 57 Posted: 25 Jun 2023 Last Revised: 02 Dec 2024
Edward Xuejun Li, Zhiyuan Tu and Dexin Zhou
City University of New York (CUNY) - Stan Ross Department of Accountancy, Southwestern University of Finance and Economics (SWUFE) - School of Accounting and City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance
Downloads 1,267 (34,975)
Citation 4

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3.

How Pervasive is Earnings Management? Evidence from a Structural Model

Downloads 786 (68,313)
Citation 18

How Pervasive is Earnings Management? Evidence from a Structural Model

Management Science, Forthcoming
Number of pages: 37 Posted: 31 Aug 2020 Last Revised: 02 Sep 2020
Jeremy Bertomeu, Edwige Cheynel, Edward Xuejun Li and Ying Liang
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School, City University of New York (CUNY) - Stan Ross Department of Accountancy and Georgia State University - J. Mack Robinson College of Business
Downloads 432 (142,999)
Citation 18

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earnings management, structural estimation, financial accounting, reporting, signaling

Is Earnings Management Really Rampant? Evidence from a Structural Model

Baruch College Zicklin School of Business Research Paper No. 2018-04-02
Number of pages: 37 Posted: 16 Apr 2018 Last Revised: 27 Aug 2020
Jeremy Bertomeu, Edwige Cheynel, Edward Xuejun Li and Ying Liang
Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School, City University of New York (CUNY) - Stan Ross Department of Accountancy and Georgia State University - J. Mack Robinson College of Business
Downloads 354 (179,268)

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earnings management; structural estimation; financial accounting; reporting; signalling; bias.

4.

Do Analyst Stock Recommendations Piggyback on Recent Corporate News? An Analysis of Regular-Hour and After-Hours Revisions

Journal of Accounting Research, Vol. 53, Issue 4, pp. 821–861, September 2015
Number of pages: 67 Posted: 06 Jun 2014 Last Revised: 03 Nov 2015
Edward Xuejun Li, K. Ramesh, Min Shen and Joanna S. Wu
City University of New York (CUNY) - Stan Ross Department of Accountancy, Rice University, City University of New York (CUNY) - Stan Ross Department of Accountancy and University of Rochester - Simon Business School
Downloads 496 (122,571)
Citation 8

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Stock recommendation, After-hours revisions, Piggybacking, Security analyst

5.

Should Management Earnings Guidance be Pooled? Classifying Management Earnings Guidance into Capital Market, Opportunistic, and Disclose or Abstain Rationales: Implications for Research

Simon School Working Paper No. FR 12-03
Number of pages: 51 Posted: 04 Jan 2012 Last Revised: 26 Oct 2012
Edward Xuejun Li, Charles E. Wasley and Jerold L. Zimmerman
City University of New York (CUNY) - Stan Ross Department of Accountancy, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 496 (122,571)
Citation 9

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Management forecasts, Guidance, Insider trading, Voluntary disclosure

6.

The Disclose or Abstain Incentive to Issue Management Guidance

Journal of Law, Finance & Accounting, Vol. 1, Iss. 1, pp.. 187-233, 2016
Number of pages: 48 Posted: 18 May 2014 Last Revised: 05 Mar 2018
Edward Xuejun Li, Charles E. Wasley and Jerold L. Zimmerman
City University of New York (CUNY) - Stan Ross Department of Accountancy, Simon School, University of Rochester and University of Rochester - Simon Business School
Downloads 475 (129,101)
Citation 11

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Management forecasts, guidance, insider trading, Rule 10b-5

7.

Revealing Future Prospects Without Forecasts: The Case of Accelerating Material Contract Filings

Accounting Review, Vol. 88, No. 5, pp.. 1769-1804, November 2013
Number of pages: 66 Posted: 25 Jan 2008 Last Revised: 27 May 2014
Edward Xuejun Li
City University of New York (CUNY) - Stan Ross Department of Accountancy
Downloads 437 (142,667)
Citation 14

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Material Contracts, Form 8-K, Management Forecasts, Disclosure Credibility, Proprietary costs

8.

On the SEC's Enforcement Cooperation Program: A Regime Shift after 2010

Downloads 433 (144,182)
Citation 1

On the SEC's Enforcement Cooperation Program: A Regime Shift after 2010

Baruch College Zicklin School of Business Research Paper No. 2018-000
Number of pages: 67 Posted: 26 Apr 2018
Andrew J. Leone, Edward Xuejun Li and Michelle Liu
Northwestern University, City University of New York (CUNY) - Stan Ross Department of Accountancy and CUNY Hunter College
Downloads 280 (230,730)
Citation 1

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SEC enforcement, Cooperation, Leniency, Prosecutorial discretion

On the SEC's 2010 Enforcement Cooperation Program

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 53 Posted: 04 Sep 2020
Andrew J. Leone, Edward Xuejun Li and Michelle Liu‐Watts
Northwestern University, City University of New York (CUNY) - Stan Ross Department of Accountancy and CUNY Hunter College
Downloads 153 (409,839)

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SEC enforcement, Cooperation, Leniency, Prosecutorial discretion, Restatement

9.

Externalities of Accounting Disclosures: Evidence from the Federal Reserve

Forthcoming, The Accounting Review
Number of pages: 50 Posted: 22 May 2018 Last Revised: 28 Mar 2023
Edward Xuejun Li, Gary Lind, K. Ramesh and Min Shen
City University of New York (CUNY) - Stan Ross Department of Accountancy, University of Pittsburgh - Joseph M. Katz Graduate School of Business, Rice University and City University of New York (CUNY) - Stan Ross Department of Accountancy
Downloads 410 (154,933)

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Disclosure; Qualitative Information; SEC Filings; Externalities; Federal Reserve; Economic Forecasts

10.

Running without Moving? Corporate Disclosure and Annual Price Discovery in Bad versus Good Times

Downloads 404 (156,197)

Running without Moving? Corporate Disclosure and Annual Price Discovery in Bad versus Good Times

Baruch College Zicklin School of Business Research Paper Series
Number of pages: 52 Posted: 12 Jun 2019 Last Revised: 20 Mar 2025
Edward Xuejun Li, K. Ramesh, Min Shen and Joanna S. Wu
City University of New York (CUNY) - Stan Ross Department of Accountancy, Rice University, City University of New York (CUNY) - Stan Ross Department of Accountancy and University of Rochester - Simon Business School
Downloads 365 (173,218)

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Running without Moving? Corporate Disclosure and Annual Price Discovery in Bad versus Good Times

The Accounting Review July 2025, forthcoming
Number of pages: 52 Posted: 17 Apr 2025
Edward Xuejun Li, K. Ramesh, Min Shen and Joanna S. Wu
City University of New York (CUNY) - Stan Ross Department of Accountancy, Rice University, City University of New York (CUNY) - Stan Ross Department of Accountancy and University of Rochester - Simon Business School
Downloads 39 (950,839)

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Price Discovery, Good versus Bad News, Private Information Acquisition

11.

Priority Dissemination of Public Disclosures

Accounting Review, Vol. 90, Issue 6, pp. 2235-2266, November 2015
Number of pages: 52 Posted: 09 Oct 2011 Last Revised: 03 Nov 2015
Bei Dong, Edward Xuejun Li, K. Ramesh and Min Shen
University of South Florida - School of Accountancy, City University of New York (CUNY) - Stan Ross Department of Accountancy, Rice University and City University of New York (CUNY) - Stan Ross Department of Accountancy
Downloads 379 (167,708)
Citation 6

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Information distribution; Earnings press releases; Intraday market reaction; Regulation Fair Disclosure; Market Microstructure

12.

Market Reaction Surrounding the Filing of Periodic SEC Reports

Accounting Review, Vol. 84, No. 4, pp. 1171-1208, July 2009
Number of pages: 49 Posted: 22 Feb 2009 Last Revised: 29 Feb 2012
Edward Xuejun Li and K. Ramesh
City University of New York (CUNY) - Stan Ross Department of Accountancy and Rice University
Downloads 357 (179,803)
Citation 11

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periodic SEC reports, market reaction, concurrent earnings release, calendar quarter-end effect

13.

The Role of Newswires in Screening and Disseminating Value-Relevant Information in Periodic SEC Reports

Accounting Review, Vol. 86, No. 2, pp.. 669-701, March 2011
Number of pages: 49 Posted: 03 Jul 2010 Last Revised: 10 Mar 2011
Edward Xuejun Li, K. Ramesh and Min Shen
City University of New York (CUNY) - Stan Ross Department of Accountancy, Rice University and City University of New York (CUNY) - Stan Ross Department of Accountancy
Downloads 345 (186,123)
Citation 4

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Information Intermediaries, Newswires, Periodic SEC Reports, Information Dissemination, Market Microstructure

14.

Unintended Consequences of Foreign Anti-Corruption Laws for Geographic Disclosure Transparency

Number of pages: 50 Posted: 08 Nov 2022 Last Revised: 08 Mar 2024
Donal Byard, Heemin Lee, Edward Xuejun Li and Amanda Sanseverino
City University of New York (CUNY) - Stan Ross Department of Accountancy, Stan Ross Department of Accountancy, Zicklin School of Business, Baruch College, City University of New York, City University of New York (CUNY) - Stan Ross Department of Accountancy and Manhattan University
Downloads 226 (287,842)

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Geographic reporting, corruption, transparency, U.K. Bribery Act, ASC 280

15.

Do Firms Withhold Loan Covenant Details?

Li, E. X., Neamtiu, M., & Tu, Z. (2024). Do Firms Withhold Loan Covenant Details?. The Accounting Review, 1-29.
Number of pages: 63 Posted: 13 Feb 2024 Last Revised: 06 Mar 2024
Edward Xuejun Li, Monica Neamtiu and Zhiyuan Tu
City University of New York (CUNY) - Stan Ross Department of Accountancy, City University of New York (CUNY) - Stan Ross Department of Accountancy and Southwestern University of Finance and Economics (SWUFE) - School of Accounting
Downloads 224 (290,265)
Citation 1

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Disclosure-related costs; loan covenants; loan renegotiations; trade creditors

16.

Inside Out: Who Trade Before the Start of Cyber Attacks?

Number of pages: 73
Xi Dong, Edward Xuejun Li, Xintian Lin and Xin Yuan
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance, City University of New York (CUNY) - Stan Ross Department of Accountancy, Central University of Finance and Economics (CUFE) - School of Accountancy and Dongbei University of Finance and Economics - School of Accounting
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Cyber Attack, Information Asymmetry, Short Selling, Insider Trading, Retail Trading, Data Breach