My research focuses on the regulation and enforcement, both public and private, of securities laws in the U.S. capital markets. Within this broad area of research, I have undertaken several studies showing how regulation and regulatory oversight affect institutions' financial disclosure choices, capital market outcomes, and audit quality, and how privately incentivized institutions behave during the enforcement process. Additionally, I conduct research on market efficiency and financial reporting quality.
Refereed Publications:
[1] Rajgopal, S., Srinivasan, S. & Zheng, X. (2021). Measuring Audit Quality. Review of Accounting Studies, 26(2), 5590619.
[2] 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.
[3] Hutton, A., Shu, S. & Zheng, X. Regulatory Transparency and the Alignment of Private and Public Enforcement: Evidence from the Public Disclosure of SEC Comment Letters. Journal of Financial Economics (2021, forthcoming).
[4] Millar, M., White, R.M. & Zheng, X. Substance Abuse and Workplace Fraud: Evidence from Physicians. Journal of Business Ethics (2022). https://doi.org/10.1007/s10551-022-05065-6
[1] Rajgopal, S., Srinivasan, S. & Zheng, X. (2021). Measuring Audit Quality. Review of Accounting Studies, 26(2), 5590619.
[2] 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.
[3] Hutton, A., Shu, S. & Zheng, X. Regulatory Transparency and the Alignment of Private and Public Enforcement: Evidence from the Public Disclosure of SEC Comment Letters. Journal of Financial Economics (2021, forthcoming).
[4] Millar, M., White, R.M. & Zheng, X. Substance Abuse and Workplace Fraud: Evidence from Physicians. Journal of Business Ethics (2022). https://doi.org/10.1007/s10551-022-05065-6
Working Papers:
[5] "The Volatility of Stock Investor Returns" with Ilia Dichev;
[6] "Predicting Litigation Risk via Machine Learning" with Gene Moo Lee, Jim Naughton, and Dexin Zhou;
[7] "Number of Numbers: Does Quantitative Disclosure Reduce Uncertainty in Quarterly Earnings Conference Calls?" with John Campbell and Dexin Zhou;
[5] "The Volatility of Stock Investor Returns" with Ilia Dichev;
[6] "Predicting Litigation Risk via Machine Learning" with Gene Moo Lee, Jim Naughton, and Dexin Zhou;
[7] "Number of Numbers: Does Quantitative Disclosure Reduce Uncertainty in Quarterly Earnings Conference Calls?" with John Campbell and Dexin Zhou;