Publications

REFEREED PUBLICATIONS

The “Out-of-sample” Performance of Long-Run Risk Models (with Wayne Ferson and Biqin Xie). Journal of Financial Economics, 107 (3), March 2013: 537-556.

Predicting Restatements in Macroeconomic Indicators using Accounting Information (with Maria Ogneva). The Accounting Review, 92(2), 2017: 151-182.

Accrual Quality, Skill, and the Cross-Section of Mutual Fund Returns (with Maria Ogneva).  Review of Accounting Studies, 22(2), 2017: 503-542. (Lead article).

Uncertainty and Sectoral Shifts: The Interaction between Firm-Level and Aggregate-Level Shocks and Macroeconomic Activity (with Alon Kalay and Gil Sadka). Management Science, 2016: 1-18.

Changes in Accrual Properties and Operating Environment: Implications for Cash Flow Predictability (with Mani Sethuraman and Mohan Venkatachalam). Journal of Accounting and Economics, 69 (2-3), 2020: 101313.

The Role of Taxes in the Disconnect between Corporate Performance and Economic Growth (with Urooj Khan and Ethan Rouen). Management Science, 11(11), 2020: 5427-5447

ETF Activity and Informational Efficiency of Underlying Securities (with Lawrence Glosten and Yuan Zou). Management Science, 67 (1), 2021: 22-47.

Consequences of More Frequent Reporting: The U.K. Experience (with Robert Pozen and Shivaram Rajgopal). Journal of Law, Finance and Accounting, 6(1), 2021:51-88.

Aggregate Accruals and Market Returns: The Role of Aggregate M&A Activity (with John Heater and Mohan Venkatachalam). Journal of Accounting and Economics, 72 (2-3), 2021:101432.

Firms’ Response to Macroeconomic Estimation Errors (with Oliver Binz and William Mayew) Journal of Accounting and Economics, Forthcoming

Do Corporate Tax Cuts Increase Income Inequality? (with Ethan Rouen and Juan Carlos Serrato) Tax Policy and the Economy, Forthcoming

INVITED DISCUSSIONS

Discussion of “ETFs and Information Transfer Across Firms.” . Journal of Accounting and Economics, 70 (2-3), 2020: 101358.

 

NON-REFEREED PUBLICATIONS

The “Out-of-sample” Performance of Long-Run Risk Models (with Wayne Ferson and Biqin Xie). Finance and Accounting Memos, Jan 2014: 105-107.

Impact of Reporting Frequency on UK Public Companies (with Robert Pozen and Shivaram Rajgopal). Research Foundation Briefs, March 2017: 1-20.

 

WORKING PAPERS

Does Differential Sensitivity to Aggregate Earnings Shocks Drive Post-Earnings-Announcement Drift?