Research keywords: Regulation, Enforcement, Political Economy, Litigation, Climate Finance, ESG, Fundamental Analysis, Disclosure, Market Efficiency, Machine Learning
Refereed Publications:
[1] Zheng, X. (2021). A Tale of Two Enforcement Venues: Determinants and Consequences of the SEC's Choice of Enforcement Venue After the Dodd-Frank Act. The Accounting Review, 96(6), 451-476.
-- Winner of the 2021 AAA Competitive Manuscrip Award.
[2] Rajgopal, S., Srinivasan, S. & Zheng, X. (2021). Measuring Audit Quality. Review of Accounting Studies, 26(2), 5590619.
[3] Hutton, A., Shu, S. & Zheng, X. (2022). Regulatory Transparency and the Alignment of Private and Public Enforcement: Evidence from the Public Disclosure of SEC Comment Letters. Journal of Financial Economics, 145(1), 297-321.
[4] Millar, M., White, R.M. & Zheng, X. (2022). Substance Abuse and Workplace Fraud: Evidence from Physicians. Journal of Business Ethics, 1-18.
[5] Dichev, I., & Zheng, X. (2024). The Volatility of Stock Investor Returns. Journal of Financial Markets, 70,100927.
[6] Lundholm, R., & Zheng, X. (2025). The Changing Nature of Financial Analysis in the Presence of ETFs. Review of Accounting Studies, 30, 860-898.
[7] Campbell, J. L., Zheng, X., & Zhou, D. (in press). Number of Numbers: Does A Greater Proportion of Quantitative Textual Disclosure Reduce Information Risk? Journal of Corporate Finance, 94, 102813.
Working Papers:
[8] "The Benefits and Costs of Transparent Supervision of Public Banks: Evidence from the SEC Comment Letters" with Amy Hutton, Yupeng Lin, Susan Shu and Ira Yeung.
[9] "The Economic and Financial Impact of Negative Environmental and Social Practices: Evidence from Consumer Store Visits" with Zhanbing Xiao and Yuxiang Zheng. 2nd Round R&R.
[10] "Predicting Litigation Risk via Machine Learning" with Gene Moo Lee, Jim Naughton, and Dexin Zhou.
[11] "How does Political Activism Influence SEC Enforcement: Evidence from Meetings with the SEC Chair" with Jim Naughton and Rafael Rogo. 3rd Round R&R.
[12] "Estimating the Private Value of Financial Statement Statistics" with Russell Lundholm. 2nd Round R&R.
[13] "Adaptation to Climate-induced Regulatory Risk: A Labor Perspective" with Hernán Ortiz-Molina and Zhanbing Xiao.
[14] "Taxing Scrutiny: The Role of Tax Information in SEC Enforcement”, with Susan Shu (Boston College), Ben Yost (Boston College) and Enshuai Yu (Boston College).