Annual Conference

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Accounting, Senior Fellows/Fellows

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May 2022

Gender, Competition, and Performance: International Evidence

Kai LI, Qiyuan (Rachel) PENG, Rui SHEN, Gabriel WONG
This paper is one of the first in the literature to study whether and how gender differences in performance under competition vary across countries using field evidence. Our main measure of country-level differences is the individualism dimension in Hofstede’s (1980, 2001) national cultural framew...
Keywords: gender, Competition, equity analysts, forecast error, individualism, international evidence
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Annual Conference

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Accounting, Senior Fellows/Fellows

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May 2022

Digitalization, Accounting Jobs, and Financial Reporting Quality

Qiang CHENG, Amanda AWYONG, Tian DENG, Rencheng WANG
This study examines the effect of firm digitalization on the demand for corporate accountants and their digital skills. Using 170,000 job posts for corporate accountants made by U.S. nontechnology firms during the 2011–2019 period, we find that firms that adopt digital technologies demand more dig...
Keywords: digitalization, accountants, digital skills, human capital, financial reporting quality
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Annual Conference

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Sustainable and Green Finance, Senior Fellows/Fellows

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May 2022

Environmental Liabilities, Creditors, and Corporate Pollution: Evidence from the Apex Oil Ruling

Po-Hsuan HSU, Ross LEVINE, Jianqiang CHEN, Pei-Fang HSIEH
We evaluate the impact of the 2008 Apex Oil court decision that made the creditors of some corporations financially liable for the environmental damages caused by specific pollutants. Apex reduced the circumstances under which environmental liabilities were dischargeable in Chapter 11, which generat...
Keywords: environmental liabilities, pollution, creditors, bankruptcy.
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Annual Conference

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Household Finance, Senior Fellows/Fellows

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May 2022

FinTech Adoption and Household Risk-Taking

Claire Yurong HONG, Xiaomeng LU, Jun PAN
Using a unique FinTech data containing monthly individual-level consumption, investments, and payments, we examine how FinTech can lower investment barriers and improve risk-taking. Seizing on the rapid expansion of offline usages of Alipay in China, we measure individuals’ FinTech adoption by the...
Keywords: FinTech, Digital Payment, Financial Inclusion, Consumption, Risk Taking
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Annual Conference

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Real Estate and Urban Economics, Senior Fellows/Fellows

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May 2022

Like Father Like Son? Social Engineering and Intergenerational Mobility in Housing Consumption

Sumit AGARWAL, Wenlan QIAN, Tien Foo SING, Yi FAN
We estimate the rate of intergenerational mobility in housing consumption in the context of largescale social engineering programs in Singapore. Using a comprehensive set of data on residential demographics merged with the real housing transaction records covering 149,745 parents-child pairs from 19...
Keywords: housing consumption, intergenerational mobility, social engineering programs, human capital
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