Alfred Liu, Ph.D.

Research and Publications

"Disclosure of IT-Related Risk Factors in Corporate Filings" with Angela Liu and Kexin Zhao, Decision Support Systems (2025): forthcoming. (Link)

"Moral Cleansing or Moral Licensing? The Effect of Corporate Social Responsibility in Product Recall Remediation" with Angela Liu, Sangkil Moon, and Donald Siegel, Journal of Business Ethics 191 (2024): 443-463. (Link)

"Enterprise System Implementation and Cash Flow Volatility" with Morton Pincus and Sean X. Xu, Contemporary Accounting Research 40 (2023): 1937-1965. (Link)

"Analysts' Book Value Forecasts: Initial Evidence from the Perspective of Real-Options-Based Valuation" with Kai Wai Hui, Richard Schneible, and Guochang Zhang, Contemporary Accounting Research 39 (2022): 2481-2516. (Link)

"Pension Funding in the State of Illinois: A Teaching Case in Governmental Accounting" with Uday Chandra, Issues in Accounting Education 37 (2022): 61-79. (Link)

"Management Forecast Optimism during Credit Watch: Can Credit Rating Agencies Play a Disciplinary Role?" with Kai Wai Hui and Yao Zhang, Journal of Accounting, Auditing & Finance 37 (2022): 352-377. (Link)

"The Rewards to Meeting or Beating Managers' Own Earnings Forecasts." with Kai Wai Hui and Yao Zhang, Accounting Horizons 35 (2021): 87-103. (Link)

"Too Much of a Good Thing? An Investigation of Overinvestment in Corporate Social Responsibility in the Case of Product Recall Crisis" with Angela Liu, Rui Wang, and Sean X. Xu, Journal of Management Studies 57 (2020): 1437-1472. (Link)

"Does Mandatory Retrospective Hedge Effectiveness Assessment under ASC 815 Provide Risk-Relevant Information?" with Zhihong Chen, Gim Seow and Hong Xie, Accounting Horizons 34 (2020): 61-85. (Link)

"Are Material Weaknesses in Internal Controls Associated with Poor M&A Decisions? Evidence from Goodwill Impairment" with Dennis Caplan and Saurav Dutta, Auditing: A Journal of Practice & Theory 37 (2018): 49-74. (Link).

"Do Firms Manage Earnings to Influence Credit Ratings? Evidence from Negative Credit Watch Resolutions" with K.R. Subramanyam, Jieying Zhang and Charles Shi, The Accounting Review 93 (2018): 267-298. (Link)

"Analysts' Experience and Interpretation of Discretionary Accruals in Predicting Future Earnings" with Richard Schneible, Advances in Accounting 38 (2017): 88-98 (Link)

"Revisiting Long-Run Stock Underperformance after Rating Downgrades: The Impact of Credit Watch Placement on Post-Downgrade Recovery" with Le Sun, Journal of Accounting, Auditing & Finance 32 (2017): 271-299. (PDF)

"Corporate Innovation, Default Risk, and Bond Pricing" with Po-Hsuan Hsu, Hsiao-Hui Lee, and Zhipeng Zhang, Journal of Corporate Finance 35 (2015): 329-344. (PDF)

"Can External Monitoring Affect Corporate Financial Reporting and Disclosure? Evidence from Earnings and Expectations Management." Accounting Horizons 28 (2014): 529-559. (PDF)

"How Do Competitive Environments Moderate CRM Value?" with Sean X. Xu and Hongju Liu, Decision Support Systems 56 (2013): 462-473. (PDF)

"Informational Effects of Regulation FD: Evidence from Rating Agencies" with Philippe Jorion and Charles Shi, Journal of Financial Economics 76 (2005): 309-330. (PDF)