Luo Zuo

Biography

Luo Zuo is an associate professor at the Samuel Curtis Johnson Graduate School of Management. He serves as the faculty director of the Cornell-Tsinghua Finance MBA Program and the president-elect of the Chinese Accounting Professors’ Association of North America. He is also an associate editor of the Journal of Accounting and Economics and serves on the editorial board of The Accounting Review. Professor Zuo has a broad range of research interests at the intersection of accounting and finance. His current research explores the role of individual decision makers in shaping observed accounting phenomena. This line of research recognizes two central ideas in behavioral economics. First, individual behavior depends not only on economic incentives and accessible information, but also on individual preferences, ability, experiences, and other characteristics. Second, the constraints that structure human interactions encompass both formal institutions (e.g., rules, laws, constitutions) and informal institutions (e.g., norms, conventions, rituals). His research has been featured in the Economist, the NBER Digest, the Wall Street Journal, and many other media sources.

Selected Publications

• Law, Kelvin; Zuo, Luo. "How Does the Economy Shape the Financial Advisory Profession?"Management Science. 67.4 (2021): 2466-2482
• He, Jie; Tian, Xuan; Yang, Huan; Zuo, Luo. "Asymmetric Cost Behavior and Dividend Policy"Journal of Accounting Research. 58.4 (2020): 989-1021
• He, Xianjie; Kothari, S.P.; Xiao, Tusheng; Zuo, Luo. "Long-Term Impact of Economic Conditions on Auditors’ Judgment"The Accounting Review. 93.6 (2018): 203-229
• Ljungqvist, Alexander; Zhang, Liandong; Zuo, Luo. "Sharing Risk With the Government: How Taxes Affect Corporate Risk Taking"Journal of Accounting Research. 55.3 (2017): 669-707
• Schoar, Antoinette; Zuo, Luo. "Shaped by Booms and Busts: How the Economy Impacts CEO Careers and Management Styles"Review of Financial Studies. 30.5 (2017): 1425-1456
• Cen, Ling; Maydew, Edward; Zhang, Liandong; Zuo, Luo. "Customer-Supplier Relationships and Corporate Tax Avoidance"Journal of Financial Economics. 123.2 (2017): 377-394
• Watts, Ross; Zuo, Luo. "Understanding Practice and Institutions: A Historical Perspective"Accounting Horizons. 30.3 (2016): 409-423
• Schoar, Antoinette; Zuo, Luo. "Does the Market Value CEO Styles?"American Economic Review. 106.5 (2016): 262-266
• Zuo, Luo. "The Informational Feedback Effect of Stock Prices on Management Forecasts"Journal of Accounting and Economics. 61.2-3 (2016): 391-413
• Kim, Yongtae; Li, Siqi; Pan, Carrie; Zuo, Luo. "The Role of Accounting Conservatism in the Equity Market: Evidence from Seasoned Equity Offerings"The Accounting Review. 88.4 (2013): 1327-1356

Awards and Honors

• Roger Martin Award for Emerging Leaders (2021) University of Toronto
• FARS Outstanding Discussion Award (2021) American Accounting Association
• Best Teaching Award (2020) Cornell-Tsinghua Finance MBA Program
• AMBA Core Faculty Award (2020) Samuel Curtis Johnson Graduate School of Management
• Faculty Research Award (2019) Samuel Curtis Johnson Graduate School of Management

Recent Courses

• NBAT 6050 - Advanced Topics in Accounting
• NMI 5000 - Directed Reading & Research
• NCCT 5000 - Financial Accounting
• NRE 5040 - PhD Seminar in Accounting

Academic Degrees

• PhD Massachusetts Institute of Technology, 2013
• PhM Hong Kong University of Science and Technology, 2008
• BBA Hong Kong University of Science and Technology, 2005