2018
2017

Cheng-Der Fuh

Fuh, C. D. and Tartakovsky, A. G. “Asymptotic Bayesian theory of quickest change de- 
tection for hidden Markov models.” IEEE Transactions on Information Theory, accepted, 2018. Abstract

Julie Lei Zhu

Ana Albuquerque and Julie Lei Zhu, 2018, Has Section 404 of the Sarbanes-Oxley Act Discouraged Corporate Investment? New Evidence from a Natural Experiment, Harvard Law School Forum on Corporate Governance and Financial Regulation Abstract

Prior studies conclude that an unintended consequence of firms complying with the Sarbanes-Oxley Act is lower levels of risk-taking activities, including investment. We first show that prior studies cannot isolate the effects of SOX from other contemporaneous events. We then use the implementation requirements of SOX404 to construct a natural experiment that isolates the effects of SOX404 for a sample of small firms. We do not find a reduction in investment and other risk-taking activities for firms that had to comply with SOX404, relative to other firms. Because small firms are expected to be the most adversely affected by the regulation, our results cast doubt on the notion that SOX404 had a negative impact on larger firms.

Charles Chang

Charles Chang, Hung-Wen Cheng, and Cheng-Der Fuh, "Ensuring More is Better: On the Simultaneous Application of Stock and Options Data to Estimate the GARCH Options Pricing Model," Journal of Derivatives forthcoming. Abstract

Gao, Huasheng

Gao, Huasheng, and Jin Zhang, “SOX Section 404 and Corporate Innovation”, Journal of Financial and Quantitative Analysis, forthcoming. Abstract

Huasheng Gao, and Zhongda He

Huasheng Gao, and Zhongda He, “Board Structure and Role of Outside Directors in Private Firms,” European Financial Management, forthcoming. Abstract

Huasheng Gao, Huai Zhang, and

Huasheng Gao, Huai Zhang, and Jin Zhang, “Employee Turnover Likelihood and Earnings Management: Evidence from the Inevitable Disclosure Doctrine”, Review of Accounting Studies, forthcoming Abstract

Tang, Haihan

Kock, Anders Bredahl, and Haihan Tang, "Uniform Inference in High-Dimensional Dynamic Panel Data Models With Approximately Sparse Fixed Effects”,Econometric Theory, forthcoming. Abstract

Zhou, Sili

Cao, Jerry, Yuchen Wang, and Sili Zhou, "Anti-Corruption Campaigns and Corporate Information Release in China", Journal of Corporate Finance, forthcoming. Abstract