Hai Lu

Professor of Accounting (on leave July 2016 – June 2017)

Degrees:	PhD (Business Administration), University of Southern California
Email:	Send an email to Hai Lu

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.

View Curriculum Vitae

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

Market Failure and Reemergence: A Study of Chinese Firms Listed in the US; with R. Beatty and W. Luo; Working paper; 2017
Option Backdating Announcements and Information Advantage of Institutional Investors; with W. Huang and X. Wang; Working paper; 2017
Discretionary Disclosure on Twitter; with R. Crowley and W. Huang; Working paper; 2017
Regulations and Brain Drain: Evidence from the Wall Street Star Analysts' Career Choice; with Y. Guan, C. Li, and F. Wong; working paper; 2017
Green Disclosures? Social Media and Prosocial Behavior; with B. Su and W. Huang; Working paper; 2017
The Benefits of Specific Risk-Factor Disclosures; with O.K. Hope and D. Hu; Review of Accounting Studies, 21 (4); 2016
Rational Information Leakage; with R. Indjejikian and L. Yang; Management Science, 89 (5), 2014.
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
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.
Accounting Quality, Stock Price Delay, and Future Stock Returns; with J. Callen and M. Khan; Contemporary Accounting Research 30 (1), 2013.
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.
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.
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. Reprinted in Financial Accounting and Investment Management Edited by Werner De Bondt in The International Library of Critical Writing in Financial Economics Series Editor, Richard Roll, 2009.

Academic / Professional Service

2017-	Editor; Contemporary Accounting Research
2015-2017	Associate Dean (Research); Singapore Management University
2015-2016	President; Chinese Accounting Professors' Association of North America (CAPANA)
2015-2018	Conference Organizer; Accounting Program, Asian Bureau of Finance and Economic Research, Singapore

Honors and Awards

2017	SMU Internal Grant (CI, 2017-18)
2016	SMU MOE Tier 1A Research Grant (CI, 2016-17)
2015	CMA/CAAA Research Award (PI, 2015-16)
2014	Hong Kong General Research Fund (CI, 2014-16)
2014	The Lee-Chin Institute for Corporate Citizenship (PI, 2014-15)
2013	SSHRC (Insight grant, CI, 2013-16)
2012	CMA/Canadian Academic Accounting Association (PI, 2013-14)
2012	National Natural Science Foundation of China (CI, 2013-16)
2012	SSHRC (Insight grant, PI, 2012-15)
2010	AIC Institute for Corporate Citizenship (PI, 2010-11)
2008	Social Sciences and Humanities Research Council (SSHRC) (Standard grant, 2008-11)

Professional Affiliations/Memberships

American Accounting Association

American Finance Association

Canadian Academic Accounting Association

Research and Teaching Interests

Regulations in capital markets, insider trading, financial analysts, corporate governance, Chinese capital markets.

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