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Xiao-Jun Zhang - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Xiao-Jun Zhang Xiao-Jun Zhang

Professor | Michael Chetkovich Chair in Accounting | Distinguished Teaching Fellow | Haas School of Business, University of California, Berkeley

Berkeley, CA, UNITED STATES

Social

Areas of Expertise (3)

Financial Statement Analysis

Asset Pricing

Accounting and Finance

Education (4)

Graduate School of Business, Columbia University: PhD, Business Administration

Graduate School of Business, Columbia University: MPh, Business Administration

University of Maryland: MA, Economics

Renmin University, China: BA, Finance

Honors & Awards (7)

Poets and Quants List of Favorite Professors of Executive MBAs

2018

Earl F. Cheit Award for Excellence in Teaching, EWMBA

2017 – 2018

Earl F. Cheit Award for Excellence in Teaching, EWMBA

2014 - 2015

Schwabacher Fellowship, Haas School of Business, UC Berkeley

2001

Junior Faculty Research Grant, UC Berkeley

1999, 2000

Research Enabling Grant, UC Berkeley

1998 – 2001

Grant, Jerome A. Chazen Institute of International Business

1997

Selected External Service & Affiliations (3)

  • Associated Editor, Journal of Accounting, Auditing, and Finance
  • Editorial Board, Review of Accounting Studies
  • Reviewer: Referee for Contemporary Accounting Research, Journal of Accounting and Economics, Journal of Accounting and Public Policy, Journal of Accounting Research, Review of Accounting Studies, The Accounting Review

Positions Held (1)

At Haas since 1998

2015 – present, Michael Chetkovich Professor of Accounting, Haas School of Business 2012 – present, member, China Academy for Financial Research (CAFR) 2002 – 2015, E.R. Niemela Associate Professor of Accounting, Haas School of Business 1998 – 2002, Assistant Professor, Haas School of Business

Media Appearances (1)

Academic Study Uses News Quantified Data to Show Extended Hours Prices Are Predictive of Subsequent Stock Returns

Business Wire  online

2016-10-12

"A new academic study by professors from four esteemed universities applied News Quantified’s unique data to conclude that, when crucial financial news is released during extended stock market hours, returns are positively and appreciably associated with subsequent main trading session returns."

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Selected Papers & Publications (12)

A Theoretical Analysis Connecting Conservative Accounting to the Cost of Capital Journal of Accounting and Economics (forthcoming)

Stephen Penman, Xiao-Jun Zhang

2019

Selective Trading of Available-for-Sale Securities: Evidence from U.S. Commercial Banks European Accounting Review

Minyue Dong, Xiao-Jun Zhang

2018

Mixing Fair-Value and Historical-Cost Accounting: Predictable Other-Comprehensive Income and Mispricing of Bank Stocks Review of Accounting Studies

Peter Easton, Xiao-Jun Zhang

2017

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Asymmetric Decrease in Liquidity Trading Before Earnings Announcements and the Announcement Return Premium Journal of Financial Economics

Shai Levi, Xiao-Jun Zhang

2015

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Do Temporary Increases in Information Asymmetry Affect the Cost of Equity? Management Science

Shai Levi, Xiao-Jun Zhang

2014

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Preserving Amortized Costs within a Fair-Value-Accounting Framework: Reclassification of Gains and losses on Available-for-Sale Securities upon Realization Review of Accounting Studies

Minyue Dong, Stephen Ryan, Xiao-Jun Zhang

2014

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Book-to-Market Ratio and Skewness of Stock Return The Accounting Review

Xiao-Jun Zhang

2013

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Information Relevance, Reliability, and Disclosure Review of Accounting Studies

Xiao-Jun Zhang

2012

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Accounting Conservatism, Aggregation, and Information Quality Contemporary Accounting Research

Xiao-Jun Zhang and Qintao Fan

2012

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Financial Reporting Complexity and Investor Under-reaction to 10-K Information Review of Accounting Studies

Xiao-Jun Zhang and Haifeng You

2009

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Accounting Treatment of Inherent versus Incentive Uncertainties and the Capital Structure of the Firm Journal of Accounting Research

Xiao-Jun Zhang and Pierre Jinghong Liang

2006

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Accounting Conservatism, Quality of Earnings, and Stock Returns The Accounting Review

Xiao-Jun Zhang and Stephen H. Penman

2002

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Teaching (2)

Financial Accounting, Executive

MBA 202, MBA 202, Evening & Weekend MBA 202, UGBA 202

Doctoral Research Seminar

PHDBA 229