# Faculty Papers

![aerial view of five people sitting at a round table, with laptops, books, and notes strewn about](/sites/default/files/styles/866w/public/assets/images/pa_studentstory1_2505.png?h=8bb83c93&itok=l1cDYGe9)

##  Papers

Read the latest research from the Ross Institute faculty members

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This page highlights some of the accounting department's faculty papers in emerging areas.

- April Klein, Raffaele Manini, and Yanting Shi, "[Across the Pond: How U.S. Firms’ Boards of Directors Adapted to the Passage of the GDPR](https://www.stern.nyu.edu/sites/default/files/assets/documents/Klein%20Manini%20Shi%20final%20manuscript.pdf)," Contemporary Accounting Research (Forthcoming): 2020.
- April Klein, Tao Li, and Bobo Zhang, "[Seeking Out Non-Public Information: Sell-Side Analysts and the Freedom of Information Act](https://www.stern.nyu.edu/sites/default/files/assets/documents/Klein%20Tao%20Zhang%20TAR%202020.pdf)," The Accounting Review, Vol. 95, No.1, pp. 233-257: 2020.
- April Klein, Anthony Saunders, Forester Wong, Yu Ting, "[Is There a Quid Pro Quo between Hedge Funds and Sell-Side Equity Analysts?](https://www.stern.nyu.edu/sites/default/files/assets/documents/Klein%20Saunders%20Wong.pdf)" Journal of Portfolio Management, Vol. 45, Issue 6, pp.117-132: 2019.
- April Klein, Seil Kim, "[Did the 1999 NYSE and NASDAQ Listing Standard Changes on Audit Committee Composition Benefit Investors?](https://www.stern.nyu.edu/sites/default/files/assets/documents/Kim%20Klein%202017.pdf)" The Accounting Review, Vol. 92, No. 6, pp.187–212: 2017.
- Chongho Kim, Paul E. Fischer, and Frank Zhou, "[Disagreement About Fundamentals: Measurement and Consequences](https://www.stern.nyu.edu/sites/default/files/assets/documents/Fischer%2C%20Kim%2C%20Zhou_0.pdf)," Review of Accounting Studies: 2021.
- Christine Cuny, Even-Tov, Omri, and Watts, Edward, "[From implicit to explicit: The impact of disclosure requirements on hidden transaction costs](https://www.stern.nyu.edu/sites/default/files/assets/documents/Cuny%20EvenTov%20Watts%202021.pdf)," Journal of Accounting Research, Vol. 59: 2021.
- Christine Cuny, "[Voluntary Disclosure Incentives: Evidence from the Municipal Bond Market](https://www.stern.nyu.edu/sites/default/files/assets/documents/Cuny_2016_0.pdf)," Journal of Accounting & Economics 62, pp. 87-102: 2016.
- Ilan Guttman and Xiaojing Meng, "[The Effect of Voluntary Disclosure on Investment Inefficiency](https://www.stern.nyu.edu/sites/default/files/assets/documents/TAR%202021%20-%20The%20Effect%20of%20Voluntary%20Disclosure%20on%20Investment%20Inefficiency.pdf)," The Accounting Review: 2021.
- Ilan Guttman, Sivan Frenkel, and Ilan Kremer, "[The Effect of Exogenous Information on Voluntary Disclosure and Market Quality](https://www.stern.nyu.edu/sites/default/files/assets/documents/JFE%202020%20-%20The%20Effect%20of%20Exogenous%20Information%20on%20Voluntary%20Disclosure%20and%20Market%20Quality.pdf)," Journal of Financial Economics 138: 2020.
- Ilan Guttman, Cyrus Aghamolla, "[Strategic Timing of IPOs and Disclosure: A Dynamic Model of Multiple Firms](https://www.stern.nyu.edu/sites/default/files/assets/documents/TAR%202021%20-%20Strategic%20Timing%20of%20Disclosure%20and%20IPOs%20-%20A%20Dynamic%20Model%20of%20Multiple%20Firms.pdf)," The Accounting Review, Vol. 96, No. 3, NYU Stern School of Business Research Paper Series: 2020.
- Ilan Guttman, Beyer Anne, and Ivan Marinovic, "[Earnings Management and Earnings Quality: Theory and Evidence](https://www.stern.nyu.edu/sites/default/files/assets/documents/TAR%202019%20-%20Earnings%20Management%20and%20Earnings%20Quality-%20Theory%20and%20Evidence.pdf)," The Accounting Review: 2019.
- Ilan Guttman, Ivan Marinovic, "[Debt contracts in the presence of performance manipulation](https://www.stern.nyu.edu/sites/default/files/assets/documents/RAST%202018%20-%20Optimal%20Debt%20Contracts%20in%20the%20Presence%20of%20Performance%20Manipulation.pdf)," Review of Accounting Studies, Vol. 23**,** 1005–1041: 2018.
- Mary Brooke Billings, Kevin Hsueh, Melissa F. Lewis-Western, and Gladriel Shobe, "[Innovations in IPO Deal Structure: Do Up-C IPOs Harm Public Shareholders? Management Science](https://pubsonline.informs.org/doi/pdf/10.1287/mnsc.2022.4454)", forthcoming.
- Mary Brooke Billings, Stephen Ryan, and Han Yan, "[Climate Risk, Population Migration, and Banks’ Lending and Deposit-Taking Activities](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4244372),” Working paper, 2022.
- Mary Brooke Billings, April Klein, and Yanting Shi, “[Investors’ Response to the #MeToo Movement: Does Corporate Culture Matter?](https://link.springer.com/article/10.1007/s11142-022-09695-z)” Review of Accounting Studies, 27, 897-937, 2022.
- Mary Brooke Billings, Christine Petrovits, and Danye Wang, "[The scale and scope of corporate litigation exposure and the factors that explain contingent loss disclosures](https://www.stern.nyu.edu/sites/default/files/assets/documents/SSRN-id3850400.pdf)," Working Paper: 2022.
- Mary Brooke Billings, Matthew C. Cedergren, and Svenja Dube, "[Does litigation change managers’ beliefs about the value of voluntarily disclosing bad news?](https://link.springer.com/article/10.1007/s11142-021-09582-z)" Review of Accounting Studies: 2021.
- Paul Zarowin, Dennis Oswald, and Han Seong Ryu, "[R&D Accounting, Earnings Management, and Investment Efficiency](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4300532)", Available at SSRN: 2022
- Paul Zarowin, Olga Bogachek, and Massimiliano Bonacchi, "[Capital Markets and Short-Termism: Evidence from the Investment Behavior of Public and Private Firms](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3864212)", Available at SSRN: 2022
- Paul Zarowin, Dennis R. Oswald, and Ana Simpson, "[Capitalization vs Expensing and the Behavior of R&D Expenditures](https://www.stern.nyu.edu/sites/default/files/assets/documents/cap%20vs%20exp%20January%202021.docx)," Econometric Modeling: Corporate Finance & Governance eJournal, 2021.
- Stephen G. Ryan, Jed J. Neilson, Philip Wang, and Biqin Xie, "[Asset-Level Transparency and the (E)Valuation of Asset-Backed Securities](https://www.stern.nyu.edu/sites/default/files/assets/documents/asset-level%20transparency%20jar%202021.pdf)," Journal of Accounting Research, 60 (3): pp 1131-1183: 2022.
- Stephen G. Ryan and Barbara Seitz, "[GROSS VERSUS NET BALANCE SHEET PRESENTATION OF OFFSETTING DERIVATIVES ASSETS AND LIABILITIES](https://www.stern.nyu.edu/sites/default/files/assets/documents/ryan%20seitz%20february%202021.pdf)," Working Paper: 2021.
- Stephen G. Ryan, Urooj Khan and Abhishek Varma, "[Fair Value versus Amortized Cost Measurement and the Timeliness of Other-than-Temporary Impairments: Evidence from the Insurance Industry](https://www.stern.nyu.edu/sites/default/files/assets/documents/khan%20ryan%20varma%20tar%20november%202019.pdf)," Columbia Business School Research Paper No. 17-109: 2019.
- Stephen G. Ryan, Sehwa Kim and Seil Kim, "[Economic Consequences of the AOCI Filter Removal for Advanced Approaches Banks](https://www.stern.nyu.edu/sites/default/files/assets/documents/kim%20kim%20ryan%20tar%202019.pdf)," 29th Annual Conference on Financial Economics & Accounting 2018, Baruch College Zicklin School of Business Research Paper No. 2018-10-06: 2019.
- Stephen G. Ryan, Gauri Bhat, Dushyantkumar Vyas, "[The Implications of Credit Risk Modeling for Banks’ Loan Loss Provisions and Loan-Origination Procyclicality](https://www.stern.nyu.edu/sites/default/files/assets/documents/bhat%20ryan%20vyas%20mgmt%20science%20may%202019.pdf)," Management Science 65(5):2116-2141: 2019.
- Stephen G. Ryan, Yiwei Dou, and Biqin Xie, "[The Real Effects of FAS 166/167 on Banks’ Mortgage Approval and Sale Decisions](https://www.stern.nyu.edu/sites/default/files/assets/documents/DOU_et_al-2018-Journal_of_Accounting_Research.pdf)," Journal of Accounting Research, Vol. 56: 2018.
- Stephen G. Ryan, and Viral V. Acharya, "[Banks’ Financial Reporting and Financial System Stability](https://www.stern.nyu.edu/sites/default/files/assets/documents/ACHARYA_et_al-2016-Journal_of_Accounting_Research.pdf)," Journal of Accounting Research: 2016.
- Xiaojing Meng, Tim Baldenius, and Lin Qiu, [The Value of Board Commitment](https://www.stern.nyu.edu/sites/default/files/assets/documents/The%20Value%20Of%20Board%20Commitment.pdf), Review of Accounting Studies, 26: 1587-1622, 2021.
- Xiaojing Meng and Ilan Guttman, "[The Effect of Voluntary Disclosure on Investment Inefficiency](https://www.stern.nyu.edu/sites/default/files/assets/documents/TAR%202021%20-%20The%20Effect%20of%20Voluntary%20Disclosure%20on%20Investment%20Inefficiency.pdf)," The Accounting Review: 2021.
- Xiaojing Meng and Joyce Tian, [Board Expertise and Executive Incentives](https://www.stern.nyu.edu/sites/default/files/assets/documents/Board%20Expertise%20and%20Executive%20Incentives.pdf), Management Science, 66 (11): 5448-5464: 2020.
- Yiwei Dou and Yongoh Roh, "[Public Disclosure and Consumer Financial Protection](https://acrobat.adobe.com/link/review?uri=urn:aaid:scds:US:f7c23e35-0bbb-3f1a-a619-d9b338453ca7)," Conditional Acceptance in Journal of Financial and Quantitative Analysis 2022.
- Yiwei Dou, Jing Chen, and Youli Zou, "[Information Externalities of SFAS 161: Evidence from Supply Chains](https://www.stern.nyu.edu/sites/default/files/assets/documents/ChenDouZou2021TAR.pdf),". The Accounting Review: 2021.
- Yiwei Dou, Daniel Aobdia, and Jungbae Kim, "[Public audit oversight and the originate-to-distribute model](https://www.stern.nyu.edu/sites/default/files/assets/documents/AobdiaDouKim2021JAE.pdf)," Journal of Accounting and Economics 72: 2021.
- Yiwei Dou, "[The Spillover Effect of Consolidating Securitization Entities on Small Business Lending](https://www.stern.nyu.edu/sites/default/files/assets/documents/Dou2021TAR.pdf)," The Accounting Review, Forthcoming: 2021.
- Yiwei Dou, Xi Chen, Yang Ha Cho, and Baruch Itamar Lev, "[Predicting Future Earnings Changes Using Machine Learning and Detailed Financial Data](https://www.stern.nyu.edu/sites/default/files/assets/documents/SSRN-id3741015.pdf)," Journal of Accounting Research, Forthcoming, 2022.
- Yiwei Dou, Brian Akins, and Jeffrey Ng, "[Corruption in bank lending: The role of timely loan loss recognition](https://www.stern.nyu.edu/sites/default/files/assets/documents/AkinsDouNg2017JAE_0.pdf)," Journal of Accounting and Economics, Vol. 63, Issues 2–3: 2017.