Luo Zuo

Biography

Luo Zuo is a full professor with tenure at the Samuel Curtis Johnson Graduate School of Management. He received his BBA and MPhil degrees from the Hong Kong University of Science and Technology and his PhD degree from the Massachusetts Institute of Technology. Professor Zuo currently serves as the faculty director of the Cornell-Tsinghua Finance MBA Program and the faculty lead of the Cornell-HKUST Partnership. Professor Zuo is the president of the Chinese Accounting Professors’ Association of North America, an associate editor of Management Science and the Journal of Accounting and Economics, as well as an editorial board member 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, abilities, 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).

Professor Zuo received numerous research and teaching awards, including the University of Toronto Roger Martin Award for Emerging Leaders, the American Accounting Association FARS Outstanding Discussion Award, the Cornell-Tsinghua Finance MBA Program Best Teaching Award, the Johnson School Accelerated MBA Core Faculty Award, and the Jonson School Faculty Research Award. His research has been featured in the Economist, the NBER Digest, the Wall Street Journal, and many other media sources.

Selected Publications

• He, Xianjie; Kothari, S.P.; Xiao, Tusheng; Zuo, Luo. "Industry-Specific Knowledge Transfer in Audit Firms: Evidence from Audit Firm Mergers in China"The Accounting Review. 97.3 (2022): 249-277
• Do, Truc; Zhang, Huai; Zuo, Luo. "Rocking the Boat: How Relative Performance Evaluation Affects Corporate Risk Taking"Journal of Accounting and Economics. 73.1 (2022): 101425
• Ke, Bin; Mao, Xinshu; Wang, Bin; Zuo, Luo. "Top Management Team Power in China: Measurement and Validation"Management Science. 67.10 (2021): 6602-6627
• 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
• Zuo, Luo. "The Informational Feedback Effect of Stock Prices on Management Forecasts"Journal of Accounting and Economics. 61.2-3 (2016): 391-413

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

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