Hai Lu

McCutcheon Professor in International Business and Professor of Accounting
Director, Guanghua-Rotman Centre for Information and Capital Market Research

Degrees:

PhD, University of Southern California

Email:

Send an email to Hai Lu

Personal Website:

https://guanghua-rotman.work/

Bio

Hai Lu is the McCutcheon Professor in International Business and Professor of Accounting at the Rotman School where he conducts research on insider trading, securities valuation, corporate governance, and the Chinese capital market. He is currently interested in field studies and unstructured data analysis. Professor Lu is the founding director of Guanghua-Rotman Centre for Information and Capital Market Research and 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

Gender and Beauty in the Financial Analyst Profession: Evidence from the U.S. and China

with C. Li, A. Lin, and K. Veenstra

Review of Accounting Studies, forthcoming

2020
Regulations and Brain Drain: Evidence from the Wall Street Star Analysts' Career Choices

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

Management Science, 65 (12)

2019
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

Featured Work

Unlike in shareholder-driven markets, it can be a challenge for firms to communicate with a diverse set of stakeholders in stakeholder-oriented markets such as China. The development of the Annual Transparency Index and White Paper and the Best Listed Company Award which recognizes companies for their transparent information disclosure practices is our effort to promote better governance in China.

“Gender and beauty biases exist in our society regardless of how competitive an industry is, and stereotypes and bias may be rooted deeply in culture and legal environment.” See our study on the all-star analysts vote and the findings are featured by the Institutional Investor magazine on October 4th, 2019. The paper is forthcoming at the Review of Accounting Studies.