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Hai Lu

HaiLu

Hai Lu

Professor of Accounting

Degrees:

PhD (Business Administration), University of Southern California

Email:

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Bio

Hai Lu is a Professor of Accounting at Rotman. His research interests lie in the areas of accounting and finance, specifically the regulation of capital markets, insider trading, securities valuation, corporate governance and financial analysts. He has published in leading international journals such as Accounting, Organizations and Society, The Accounting Review, Contemporary Accounting Research, Journal of Accounting Research, Review of Accounting Studies, and Management Science. He is an Editor of Contemporary Accounting Research.

Academic Positions

2016-

Professor , Rotman School, University of Toronto
2015-2017

Visiting Professor, Singapore Management University
2011-2016

Associate Professor, Rotman School, University of Toronto
2004-2011

Assistant Professor, Rotman School, University of Toronto

Selected Publications - Papers

Option Backdating Announcements and Information Advantage of Institutional Investors

with W. Huang and X. Wang

Journal of Accounting, Auditing, and Finance, forthcoming

2018
Regulations and Brain Drain: Evidence from the Wall Street Star Analysts' Career Choices

with Y. Guan, C. Li, and F. Wong

Management Science, forthcoming

2018
The Benefits of Specific Risk-Factor Disclosures

with O.K. Hope and D. Hu

Review of Accounting Studies, 21 (4)

2016
Is Sin Always Sin? The Interaction Effect of Social Norms and Financial Performance on Market Participants' Behavior

with Y. Liu and K. Veenstra

Accounting, Organizations and Society, 39

2014
Price Shocks, News Disclosures, and Asymmetric Drifts

with K. Wang and X. Wang

The Accounting Review 89 (5)

2014
Rational Information Leakage

with R. Indjejikian and L. Yang

Management Science, 60 (11)

2014
Accounting Quality, Stock Price Delay, and Future Stock Returns

with J. Callen and M. Khan

Contemporary Accounting Research 30 (1)

2013
Do Short Sellers Front-Run Insider Sales?

with M. Khan

The Accounting Review, 88 (5)

2013
Investor Sentiment, Disagreement, and Breadth-Return Relationship

with L. Cen and L. Yang

Management Science, 59 (5)

2013
Conflict-of-Interest Reforms and Investment Bank Analysts' Research Biases

with Y. Guan and F. Wong

Journal of Accounting, Auditing, and Finance, 27(4)

2012
The Agency Problem, Corporate Goverance, and the Asymmetrical Behavior of Selling, General, and Administrative Costs

with C. X. Chen and T. Sougiannis

Contemporary Accounting Research, 29 (1)

2012
Direct and Indirect Effects of Internal Control Weakness on Accruals Quality: Evidence from a Unique Canadian Regulatory Setting

with G. Richardson and S. Salterio

Contemporary Accounting Research, 28 (2)

2011
Brokerage Industry Self-Regulation: The Case of Analysts' Background Disclosures

with L. Brown and A. Hugon

Contemporary Accounting Research, 27 (4)

2010
Wealth Transfer Effects of Analysts' Misleading Behavior

with G. De Franco and F. Vasvari

Journal of Accounting Researh, 47 (1)

2007

Research and Teaching Interests

Insider trading, financial analysts, corporate governance, regulations, transparency in Chinese capital markets.

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