John Jiang
Eli Broad Endowed Professor in Accounting Michigan State University
- East Lansing MI
John (Xuefeng) Jiang collects novel data to address public policy questions at the interface of accounting and finance.
Biography
His research has been covered by Wall Street Journal, New York Times, NPR, Forbes, CBS News, U.S. News & World Report, Reuters, and Huffington Post. He won the 2017 American Accounting Association (AAA) Distinguished Contribution to Accounting Literature Award, which "recognizes accounting research of exceptional merit that has significantly impacted the discipline over a period of at least five years." Some of his public policy suggestions were published as op-eds on the Hill, Washington Times, and Medpage Today. His doctoral students obtained tenure track jobs at the University of Florida, The National University of Singapore, and Miami University. He is a past President of MSU's Chinese Faculty Club and a former faculty advisor of Broad China Business Society, a student organization. He passed the Uniform CPA exams in both China and the United States.
Industry Expertise
Areas of Expertise
Accomplishments
Faculty Excellence in Research Award
2009, 2016, 2022
Department of Accounting & Information Systems
Outstanding Teacher Award
2014, 2017
Distinguished Contribution to Accounting Literature Award
2017
The American Accounting Association (AAA)
MSU Broad College Instructors of Excellence Award
2022
Education
Renmin University of China
B.A.
International Finance
1996
summa cum laude
Renmin University of China
M.A.
Public Finance
1999
University of Georgia
Ph.D.
Accounting
2005
Affiliations
- Management Science : Associate Editor
- Financial Accounting and Reporting Section of AAA : President-Elect
News
A year of hospital price transparency offers hope for affordable care
The Hill online
2022-01-04
The Hospital Price Transparency Rule was implemented by the Trump administration on January 1, 2021, (based on a provision in the Affordable Care Act) and has been supported by the Biden administration. The rule requires hospitals to disclose their charges, cash prices and prices negotiated with commercial insurance plans for all services. The rule was opposed and legally challenged by the hospital and health insurance industries.
On-the-Spot Intervention 95% Effective in Reducing Healthcare Employees' Unauthorized Access to Protected Health Information (PHI)
Yahoo! Finance online
2022-04-13
Protenus is pleased to announce a recent study found that on-the-spot interventions for healthcare employees who inappropriately accessed PHI were 95% effective in preventing repeat offenses. The article, "Effectiveness of Email Warning on Reducing Hospital Employees' Unauthorized Access to Protected Health Information: A Nonrandomized Controlled Trial" by authors Dr. John (Xuefeng) Jiang, Ph.D., Professor, Plante Moran Faculty Fellow, Department of Accounting & Information Systems at Michigan State University; Nick Culbertson, CEO and Co-Founder of Protenus; and Dr. Ge Bai, Ph.D., CPA, Professor of Accounting at Johns Hopkins Carey Business School, was published on JAMA Network Open yesterday.
Can you get a cash discount for health care?
Policygenius online
2022-09-12
Hospitals may be giving patients who pay cash a discount over those who go through insurance, according to an analysis of prices at U.S. hospitals by researchers from Michigan State University and Johns Hopkins. The research, published in JAMA, a journal from the American Medical Association, takes advantage of a new rule requiring hospitals to disclose cash and insurance-negotiated prices for dozens of services. Researchers found that for many services, the cash price was lower than the price hospitals negotiated with health insurance companies.
MSU research: Variation in COVID-19 PCR test costs may put extra financial burden on insurance policyholders
MSU Today online
2023-02-24
When you get a COVID-19 PCR test at the hospital, your insurance will cover the cost. What you might not realize is the cost that insurance companies pay for that PCR test can vary — and potentially increase your individual premiums, the amount you pay as a policyholder for your medical insurance.
On-the-Spot Intervention 95% Effective at Preventing Further Unauthorized Medical Record Access
HIPAA Journal online
2023-02-27
Defenses need to be put in place to detect and block attempts by cybercriminals to access healthcare networks, but not all threats are external. Each year, many data breaches are reported by hospitals and medical practices that involve unauthorized access to medical records by employees. These data breaches include non-malicious snooping on the medical records of colleagues, friends, family members, and high-profile patients, and insider wrongdoing incidents where patient data is stolen for identity theft and fraud or to take to a new employer. The healthcare industry has historically had a far bigger problem with insider data breaches than other industry sectors.
Journal Articles
Are there trade-offs with mandating timely disclosure of cybersecurity incidents? Evidence from state-level data breach disclosure laws
The Journal of Finance and Data Science2022
On March 23, 2022, the SEC proposed that firms publicly disclose their cybersecurity incidents within four days of discovery. In the U.S., state-level data breach disclosure laws require firms to disclose the occurrence of a data breach, with some mandating disclosure within a deadline while others do not. Exploiting this state-level variation in disclosure deadlines, we find that, when facing a deadline, firms disclose a data breach 90 percent faster but are 58 percent less likely to disclose breach details.
Price Transparency in Hospitals—Current Research and Future Directions
JAMA Netw Open2023
The Hospital Price Transparency Final Rule (the rule, hereafter), which requires hospitals to post the payer-specific negotiated prices, discounted cash prices, and standard charges for all items and services in a machine-readable format, became effective on January 1, 2021. The rule also requires a customer-friendly list of such price-related information for 300 shoppable services, of which 70 services were specified in the rule and the remaining 230 could be selected by each hospital.
Green dies in darkness? environmental externalities of newspaper closures
Review of Accounting Studies2023
U.S. industrial plants emit around four billion pounds of toxic chemicals annually, posing health and economic risks. This study investigates the role of newspapers in influencing plants’ toxic emissions. We use local newspaper closures as an exogenous shock to news coverage and observe a 10% increase in emissions in affected counties, compared to plants owned by the same firm in other counties.
Angel investment and first impressions
Journal of Financial Economics2023
We examine the role of first impressions in angel investor decision-making. Video stills of entrepreneurs pitching on the Shark Tank show and in Startup Battlefield competitions yield six measures of first impressions of entrepreneurs’ facial traits and two principal components: one that captures general ability and the other that contrasts charm and managerial ability.
Traditional Media, Twitter, and Four Business Scandals
Journal of Quantitative Description: Digital Media, 32023
We examine how traditional media and Twitter cover four business scandals: Wells Fargo fake accounts, EpiPen pricing hikes, Samsung Note 7 faulty battery, and Volkswagen’s cheating in emission tests. There are over 500 articles from The Wall Street Journal, The New York Times, The Washington Post, and USA Today, and over 400,000 tweets related to these events. We find that traditional media are highly influential.
