This page provides links to published and current working papers including select related data files.

Current Working Papers

1.  "Analysts' perspective on climate change: an examination of analyst reports" (solo-authored)

   • Most recent draft available here: SSRN 

   • Data on each climate-related report and the LLM-based classifications into subtopical areas is available here:  Read Me   Data File 

   • Data on firm-year summary statistics of climate-related discussion and subtopical classifications is available here:  Read Me  Data File 

     • Please consider citing this study if you use either of these datasets

2. "Energy Investment Tax Credits and environmental outcomes: Evidence from electric utilities" with Darci Fischer (University of Kentucky)

   • Most recent draft available here: SSRN 

3. "The #MeToo movement and audit outcomes" with Ryan Ballestero (Kent State University)

   • Most recent draft available here: SSRN 

4. "Do minorities face a higher bar for promotion on Wall Street? Evidence from outcome-based tests of associate analysts" with Yong Yu (University of Texas at Austin) and Wuyang Zhao (McGill University)

5. "Protected weekend policies and analysts" with Stephannie Larocque (University of Notre Dame) and Madeline Thompson (University of Notre Dame)

6. "ChatGPT and financial analysis: early evidence" with Aliya Korganbekova (Harvard Business School), Alibek Korganbekov (Boston University), and Edward J. Riedl (Boston University)

7. "Does voluntary climate risk disclosure mitigate or induce investor uncertainty? Evidence from CDP and bid-ask spreads" with Moshe Hagigi (Boston University)

8. "Accounting expertise and capital market outcomes: Evidence from equity research analysts" with Nargess Golshan (Indiana University), Lian Fen Lee (Boston College), Alvis Lo (Boston College), and Mark Piorkowski (Indiana University)

9. "Capital budgets as incentives" with Abhi Ramchandani (University of Hawaii at Manoa)

10.  "Mutual fund managers and accounting backgrounds" with Francois Brochet (Boston University), Mark Piorkowski (Indiana University), and Nicola Schumacher (WHU Otto Beisheim School of Management)

11. "Greenhushing: Unintended consequences of mandatory conditional disclosures" with Mandy T. Lester (Texas State University)

Published Papers 

1. Chan, J., Lin, S., Yu, Y., & Zhao, W. 2018. Analysts' stock ownership and stock recommendations. Journal of Accounting and Economics, 66(2-3), 476-498.

2. Gao, S., Meng, Q., Chan, J.Y., & Chan, K.C. 2018. Cognitive reference points, institutional investors' bid prices, and IPO pricing: Evidence from IPO auctions in China. Journal of Financial Markets, 38, 124-140. 

3. Chan, J.Y., Chan, K.C., Tong, J.Y., & Zhang, F. 2016. Using Google Scholar citations to rank accounting programs: A global perspective. Review of Quantitative Finance and Accounting, 47(1), 29-55.