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Scott Liao

Scott Liao

Associate Professor of Accounting  
Director, Research Resources and Communication


PhD, Ohio State University


Scott Liao is Associate Professor of Accounting and Director, Research Resources and Communication at Rotman. He earned his PhD from the Ohio State University in 2008. His research interests include the agency problems in debt markets, banking regulation, and economic consequences of financial reporting and disclosure. He has published his papers in several premier journals including the Journal of Accounting and Economics, The Accounting Review and Contemporary Accounting Research. His teaching is focused on financial accounting. He is serving as a co-editor at The International Journal of Accounting. 

Other Info


Academic Positions

  • 2014 -

    Associate Professor, University of Toronto

  • 2008-2014

    Assistant Professor, University of Toronto

Selected Publications - Papers

  • Capital Markets’ Assessment of the Economic Impact of the Dodd-Frank Act on Systemically Important Financial Firms

    With Yu Gao and Xue Wang

    Journal of Banking and Finance


  • Outside Blockholders' Monitoring of Management and Debt Financing

    Contemporary Accounting Research



    Pages: 1373-1404

  • Financial Accounting in the Banking Industry: A review of the empirical literature

    with Anne Beatty

    Journal of Accounting and Economics



    Pages: 339-383

  • The Commitment Effect versus Information Effect of Disclosure-Evidence from Smaller Reporting Companies

    with Lin Cheng and Helen Zhang

    The Accounting Review



    Pages: 1239-1263

  • The Spillover Effect of Fraudulent Financial Reporting on Peer Firms' Investments

    with Anne Beatty and Jeff Yu

    Journal of Accounting and Economics



    Pages: 183-205

  • Evidence on the Determinants and Economic Consequences of Delegated Monitoring

    with Anne Beatty and Joe Weber

    Journal of Accounting and Economics



    Pages: 555-576

  • Do Delays in Expected Loss Recognition Affect Banks' Willingness to Lend?

    with Anne Beatty

    Journal of Accounting and Economics



    Pages: 1-20

  • Financial Reporting Quality, Private Information, Monitoring and the Lease-versus-Buy Decision

    with Anne Beatty and Joe Weber

    The Accounting Review



    Pages: 1215-1238

  • The Effect of Private Information and Monitoring on the Role of Accounting Quality in Investment Decisions

    with Anne Beatty and Joe Weber

    Contemporary Accounting Research



    Pages: 17-47

Research and Teaching Interests

Economic Consequences of Financial Reporting Quality, Debt Market and Agency Problems, Banking Regulations

Honors and Awards

  • 2009-2014

    Excellence in Teaching Award, Univeristy of Toronto

  • 2013

    Dean's Award for Excellence in Research, University of Toronto

Academic / Professional Service

  • 2016-

    Co-Editor, International Journal of Accounting

  • 2015-

    Editorial Board, Journal of Financial Reporting

  • 2014-

    Editorial Board, The Accounting Review

  • 2013-

    Editorial Board, Contemporary Accounting Research

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