Simon Business School
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Faculty & Research

Faculty Profile

Joanna Wu
Susanna and Evans Y. Lam Professor of Business Administration
Full Professor; Area Coordinator
Phone: 585.275.5468
Office: 3-160D Carol Simon Hall
WebsiteWebsite
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Bio

Professor Wu’s research speaks to issues related to financial disclosure and regulations as well as the behavior of financial institutions and intermediaries. Her work has been published in the Journal of Accounting and Economics, Journal of Finance, Journal of Accounting Research, The Accounting Review, and Review of Financial Studies, among others. She has been named to the Simon School Dean’s Teaching Honor Roll numerous times. Professor Wu is an editor of the Journal of Accounting and Economics.

Teaching Interests

Corporate financial reporting

Research Interests

Financial disclosure and regulation; the behavior of financial institutions and intermediaries

Professional History

Education

Tulane University - 1999
Ph D
Business Administration
Tulane University - 1994
MA
Economics
Peking University - 1991
BA
International Economics

Publications

2019
Is Silence Golden? Real Effects of Mandatory Disclosure
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Review of Financial Studies
Volume: 32
Issue: 6
Visit the website: https://academic.oup.com/rfs/advance-article/doi/10.1093/rfs/hhy088/5069021
2017
Idiosyncratic Shocks to Firm Underlying Economics and Abnormal Accruals
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: The Accounting Review
Volume: 92
Issue: 2
Visit the website: http://aaajournals.org/doi/abs/10.2308/accr-51523
2015
Quarter-end Repo Borrowing Dynamics and Bank Risk Opacity
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Review of Accounting Studies
2015
Do Analyst Stock Recommendations Piggyback on Recent Corporate News? An Analysis of Regular-Hour and After-Hours Revisions
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting Research
Volume: 53
Issue: 4
Visit the website: http://onlinelibrary.wiley.com/doi/10.1111/1475-679X.12083/abstract
2014
The Adoption of Internationally Recognized Accounting Standards: Implications for the Credit Markets
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting, Auditing and Finance
Volume: 29
Issue: 2
Visit the website: http://journals.sagepub.com/doi/pdf/10.1177/0148558X14524420
2011
Why Do Mutual Fund Advisory Contracts Change? Fund versus Family Influences
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Finance
Volume: 66
Issue: 1
Visit the website: http://onlinelibrary.wiley.com/doi/10.1111/j.1540-6261.2010.01632.x/abstract
2011
Why Do Mutual Fund Advisory Contracts Change? Performance, Growth, and Spillover Effects
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Finance
Issue: February 2011
2009
What Determine Financial Analysts' Career Outcomes During Mergers?
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
Issue: March 2009
2009
The Voluntary Adoption of Internationally Recognized Accounting Standards and Firm Internal Performance Evaluation
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: The Accounting Review
Issue: July 2009
2009
Unintended Consequences of Granting Small Firms Exemptions from Securities Regulation: Evidence from the Sarbanes-Oxley Act
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting Research
Issue: May 2009
2008
Discussion of 'Will Harmonizing Accounting Standards Really Harmonize Accounting? Evidence from Non-U.S. Firms Adopting US GAAP'
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting, Auditing and Finance
Issue: 2008
2006
Asymmetric Sensitivity of CEO Cash Compensation to Stock Returns
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
Issue: October 2006
2006
Why do Managers Voluntarily Issue Cash Flow Forecasts?
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting Research
Issue: May 2006
2004
Jinan Qingqi Motorcycle Co., Ltd: A Case Study
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting Education
Issue: 2004
2003
Incentives versus Standards: Properties of Accounting Income in Four East Asian Countries
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
Issue: December 2003
2003
Earnings Skewness and Analyst Forecast Bias
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Accounting and Economics
Issue: April 2003
2000
Accounting Standards, the Institutional Environment and Issuer Incentives: Effect on Timely Loss Recognition in China
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Asia-Pacific Journal of Accounting and Economics
Issue: December 2000
2000
Truth in Mutual Fund Advertising: Evidence on Future Performance and Fund Flows
Contribution Type: Journal Article, Academic Journal
Journal/Publisher/Proceedings Publisher: Journal of Finance
Issue: April 2000

Current Research Programs

The effect of brokerage business model on analyst research
Prior research on financial analysts focuses on the production of firm-level estimates of prices and earnings by individual analysts. However, this research stream in accounting largely ignores the business model of brokerage firms that employ financial analysts. To shed light on the effect of the business model on research analyst output, we utilize a hand-collected sample of underwriting activity and financial analyst research output for brokerages. Our initial tests examine whether the relation at the brokerage-level between underwriting activity and analyst output significantly influences the optimism, accuracy, and coverage decisions of individual analysts working at the brokerage. This research will provide evidence on the systematic effect of the existing brokerage business model.
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