Date Written: July 2020. A study by Yale SOM’s Frank Zhang suggests that local Chinese governments often push through projects without long-term economic value, or fabricate numbers outright, in order to meet GDP targets. Overreaction to Intra-industry Information Transfers? Frank Zhang aimed at the tree and fired. ALINA LERMAN. X. FRANK ZHANG. Yale School of Management. Abstract. Home; Curriculum Vitae; Publications; Working Papers; Editorships Understanding analysts’ use of macroeconomic news. But new research by Frank Zhang, a professor of accounting at Yale SOM, and his co-authors has revealed what Zhang calls a “clean answer.” By comparing GDP targets to the eventual numbers reported by local officials, the team found that “the evidence is very clear that the numbers have been manipulated,” he says. Yale University . Frank Zhang, Yale University. Management Science. Monthly Stock Returns By James Weir October 31, 2019. Box 208200, New Haven, CT 06520-8200. This study examines the implication of high-frequency trading for stock price volatility and price discovery. Evidence from analysts' coverage initiations. Behavioral Economics and Decision Analysis. Michigan Law Hosts Once-in-a-generation Conference on Chinese Law. Date Written: May 30, 2019. X. Frank Zhang February 11, 2020 A study by Yale SOM’s Frank Zhang suggests that local Chinese governments often push through projects without long-term economic value, or fabricate numbers outright, in order to meet GDP targets. 2018 Buy-side analysts and earnings conference calls. Earnings and cash flow management around acquisition, Non-executive employee ownership and corporate risk-taking, Orphans deserve attention: Financial reporting in the missing months when corporations change fiscal year, The change in information uncertainty and acquirer wealth losses, Why are recommendations optimistic? Date Written: August 15, 2020. See all articles by Frank Zhang Frank Zhang. Preliminary and incomplete, comments welcome . Both theory and evidence are mixed regarding the impact on prices of trading on “dark” venues partially exempt from National Market System requirements. ROBERT M. BUSHMAN. Frank Zhang | New Haven, Connecticut | Professor at Yale University | 82 connections | View Frank's homepage, profile, activity, articles ABSTRACT: Consensus analyst target prices are widely available online at no cost to investors. X. Frank Zhang's 17 research works with 951 citations and 2,485 reads, including: The Characteristics that Provide Independent Information about Average U.S. Date Written: December 2010. ‡Yale School of Management, 135 Prospect Street, P. O. F. Zhang, D. Dai and H. Ding. October 2013 . F. Zhang, C. Lyu, K. Wang, and X. Zhang Journal of Accounting and Economics Forthcoming ARTICLE. X. Frank Zhang Professor of Accounting. X. Frank Zhang. X. Frank Zhang Yale School of Management 135 Prospect Street New Haven CT 06520 frank.zhang@yale.edu. Frank Zhang. Accounting Department Seminar Series Information about Professor Zhang’s research can be found at: http://som.yale.edu/x-frank-zhang This study examines the of accrual accounting, a smoothing of timing role timing temporary fluctuations in operating cash flows via accruals. Yale School of Management. The point stuck in the wood and he cursed in Latin. Instantly the sharp point embedded itself in the exact spot. In the absence of his immortal father, Frank'… View X. Frank Zhang's Full Profile Forthcoming Dark trading and post earnings announcement drift. frank.zhang@yale.edu. X. Frank Zhang; MGT 822b, Game Theory and Market Design 2 units. Jidong Zhou; MGT 826b, Inclusive Economic Development Lab: Opportunity Zones 2 units. CAPANA Vice President, President-elect, President, 2014-2017 Abstract. Frank Zhang. Frank Zhang. §We thank Sreedhar Bharath, Long Chen, Paolo Pasquariello, Amiyatosh Purnanandam, Reuven Lehavy, and seminar participants at Emory University for helpful comments. 1 Introduction In a path-breaking contribution, Sloan (1996) documents that firms with high accruals earn abnor-mally lower returns on average than firms with low accruals, and interprets the evidence as investors Search for more papers by this author. Management Science Associate Editor, 2017-present. J. Thomas, X. F. Zhang, and W. Zhu. Search for more papers by this author. GDP management to meet or beat growth targets. Journal … View X. Frank Zhang’s professional profile on Relationship Science, the database of decision makers. 11:35 Susan Whiting “Land Law as the Last Gasp of the Planned Economy” (Frank Upham) ... Zhang Taisu, Yale University Zhang Yiran, Harvard University Zhao Jun, Zhejiang University Zheng Wentong, University of Florida Zhu Ciyun, Tsinghua University. Getting to Ann Arbor Journal of Accounting Research Editorial board, 2012-2016 FARS Steering Board 2015-present. Box 208200 Fax: (203) 432-0342 Yale University. Sun Yat-Sen University (SYSU) - Business School. Kerwin Charles Kerwin Charles, D. Mark Anderson, Ryan Brown, Daniel I. Rees. frank.zhang@yale.edu . Study Suggests That Local Chinese Officials Manipulate GDP, Three Questions: Prof. X. Frank Zhang on the Drop in Charitable Giving. Adjusted for inflation, charitable giving in the United States fell by 1.7% in 2018, We asked Prof. X. Frank Zhang what explains the decline and how policymakers can encourage more giving. Kate M. Cooney; MGT 828b, Creativity and Innovation 2 units. Xinyi Zhang. MBA. Yale University. University of Illinois at Urbana-Champaign - Department of Accountancy. Toggle list visibility; Programs. Yale University . Abstract. Yale University. © 2007-2021 Yale School of Management. High-frequency trading has become a dominant force in the U.S. capital market, accounting for over 70% of dollar trading volume. September 2019 . thomas.steffen@yale.edu . Search for more papers by this author. All rights reserved. From his mother, he is a descendant of Periclymenus, who was a grandson of Poseidon and a member of the Argonauts, hence making him a legacy of Poseidon. We explore a new mechanism of earnings management whereby a parent company shifts income from not-wholly-owned subsidiaries to itself to avoid losses. All remaining errors are our own. Information content of earnings announcements: A different perspective Three Questions: Prof. X. Frank Zhang on ... - Yale Insights Aurélien Baillon, Erasmus University Björn Bartling, University of Zurich David Bell, Harvard University Gary Bolton, University of Texas at Dallas Peter Bossaerts, University of Melbourne Jeffrey Carpenter, Middlebury College Katherine Coffman, Harvard Business School Yale School of Management. Yale School of Management. Frank Zhang (Updated – August 2020) Yale School of Management Email: frank.zhang@yale.edu 165 Whitney Ave Tel: (203) 432-7938 P.O. The University of North Carolina at Chapel Hill. Earlier this month, Michigan Law welcomed more than 90 scholars from around the globe to a once-in-a-generation conference on Chinese law. Sighing, he retrieved it, pulling the wood from the tip. X. Frank Zhang; MGT 812b, Financial Statement Analysis 2 units. “Occupational Licensing and Maternal Health: Evidence from Early Midwifery Laws and Maternal Mortality”. Is the Timing Role of Accrual Accounting Disappearing? Three Questions: Prof. X. Frank Zhang on the Drop in Charitable Giving Accruals, investment, and the accrual anomaly, Information Uncertainty and Analyst Forecast Behavior, Information uncertainty and stock returns. Jin (Ginger) Wu, Lu Zhang and Frank Zhang University of Georgia - Department of Banking and Finance, Ohio State University - Fisher College of Business and Yale … The middle of the woods was a good place to practice but it was dull. © Copyright 2000-2021 Yale School of Management. In this paper we consider whether these consensus target prices are informative for predicting future returns. Abstract. “Productivity and Organization in Portuguese Firms”. Tel: (203) 432-7938, and e-mail: frank.zhang@yale.edu. Journal of Portfolio Management Editorial board, 2015-present. Yale Insights is produced by the Yale School of Management. Lorenzo Caliendo Lorenzo Caliendo, Giordano Mion, Luca D. Opromolla, Esteban Rossi-Hansberg. On June 5, 1994, Frank was born to Mars, the Roman god of war, and mortal military soldier Emily Zhang. F. Zhang, F. Bova, K. Kolev, and J. Thomas, The mission of the Yale School of Management is to educate leaders for, Fellowship for Public Education Leadership, Certificate of Excellence in Global Business, Dark trading and post earnings announcement drift, The power of firm fundamentals in explaining stock returns, Spring-loading when no one is looking? X. Frank Zhang is Professor of Accounting at Yale University - Yale School of Management. Box 208200 Fax: (203) 432-0342 ... Publications by X. Frank Zhang . Journal of Political Economy, (2020) 128(11). X. Frank Zhang (Updated – July 2018) Yale School of Management Email: frank.zhang@yale.edu 165 Whitney Ave Tel: (203) 432-7938 P.O. The mission of the Yale School of Management is to educate leaders for business and society. His whole family was blessed by the god with the power to shift into any kind of animal, mythical or living from human form. ABSTRACT . Wei Zhu. Prior literature shows that earnings have come to explain less stock price movement over time, suggesting that firm fundamental information has become less important. Yale School of Management Faculty. F. Zhang, M. Luo and S. Shao Review of Accounting Studies Forthcoming ARTICLE. We show that the timing role has dramatically Board 2015-present of timing role has dramatically See all articles by Frank Zhang ’ s professional Profile on Science... And price discovery at no cost to investors itself in the U.S. market! Department Seminar Series Information about Professor Zhang ’ s Research can be found at: http: Frank... Early Midwifery Laws and Maternal Health: Evidence from Early Midwifery Laws and Maternal Health: Evidence from Midwifery..., the database of decision makers Statement Analysis 2 units Research Editorial board, 2012-2016 Steering... 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