Faculty Profile

Joanna Wu

Susanna and Evans Y. Lam Professor of Business Administration

Full Professor; Area Coordinator

Email: joanna.wu@simon.rochester.edu

Phone: 585.275.5468

Office: 3-160D Carol Simon Hall

Website

SSRN

Google Scholar

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

Economics

Peking University - 1991

International Economics

Publications

2020

Should I Stay or Should I Grow? Using Voluntary Disclosure to Elicit Market Feedback

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Review of Financial Studies

2019

Is Silence Golden? Real Effects of Mandatory Disclosure

Contribution Type: Journal Article, Academic Journal

Journal/Publisher/Proceedings Publisher: Review of Financial Studies

Visit the website: https://academic.oup.com/rfs/advance-article/doi/10.1093/rfs/hhy088/5069021

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.