Financial Accounting

Research Papers
(Financial Accounting)

Updated as of May 2024.

Working Papers

[1] (🆕Updated, November 2023) Managers' Vocal Delivery and Real-Time Market Reactions in Earnings Calls

Co-authors: Bok Baik, David Kim, and Sangwon Yoon
SSRN [Link]
R&R at Journal of Accounting and Economics

Press: Columbia Law School Blue Sky Blog, Chicago Booth Review
Presentations: University of Chicago Workshop, MIT, National University of Singapore, Yonsei University, 2022 Korean Accounting Association (KAA) Summer Conference, 2022 MIT Asia Accounting Conference, 2023 AAA, 2023 S&P Quant Investing Conference

[2] (🆕Updated, April 2024) Context-Based Interpretation of Financial Information

Co-author: Valeri Nikolaev
SSRN [Link]
R&R at Journal of Accounting Research

Press: Columbia Law School Blue Sky Blog, Chicago Booth Review
Presentations: Boston College, City University of Hong Kong, HKUST, Seoul National University, University of Chicago, 2022 KAA Winter Conference

[3] (🆕Updated, January 2024) Bloated Disclosures: Does ChatGPT Help Investors Process Information?

Co-authors: Maximilian Muhn and Valeri Nikolaev
SSRN [Link] | arXiv [Link] | Ask GPT about this paper [Link]
R&R at Journal of Accounting and Economics

Press: Bloomberg/Fortune, AlphaArchitect, Becker Friedman Institute Research Brief, The Pie (Podcast by the BFI), Columbia Law School Blue Sky Blog, Chicago Booth Review, Financial Planning Magazine, Marginal Revolution, Random Walk, Investor Choice Advocates Network (ICAN) Podcast, Chicago Booth Review Podcast, MIT Technology Review (Nov 2023)
Presentations: Stanford University, University of Chicago, Bochum University, University of Michigan, 2023 GSU-RFS Fintech Conference, 2023 KAA Summer Conference, 2023 NYU Big Apple Accounting Conference, 2023 Texas A&M Accounting Conference, 2023 Council for Institutional Investors Fall Conference, CFA Institute, SEC, 2024 FARS, 2024 CFMR, 2024 Bretton Woods Accounting and Finance Ski Conference, 2024 AAA (scheduled)
Award/Grants: 2024 FARS Best Paper Award, 2023 Fama-Miller Center for Research in Finance Fund ($30,000), 2023 Fall Stevens Doctoral Program Research Fund ($15,000), 2023 Deloitte Best Research Paper Award (KAA)

[4] (🆕Updated, April 2024) Firm-Level Tax Audits: A Generative AI-Based Measurement

Co-author: Ga-Young Choi
SSRN [Link] | Ask GPT about this paper [Link]

Press: ProMarket, The FinReg Blog
Presentations: City, University of London, University of Liverpool, University of Seoul, 2023 Early Career Accounting Scholars Conference, 2023 KAA International Summer Conference, 2024 EAA, 2024 Finance and Accounting Annual Research Symposium (scheduled), 2024 IESE Barcelona Tax Conference (scheduled), 2024 AAA (scheduled)
Award/Grants: 2022 Bayes Pump Priming Programme Research Grant

[5] Financial Statement Analysis with Large Language Models

Co-authors: Maximilian Muhn and Valeri Nikolaev
SSRN [Link]

Presentations: University of Chicago, University of North Carolina at Chapel Hill, 2024 Tuck Accounting Spring Camp at Dartmouth, Korean-American Accounting Professor Association, Bernstein Quantitative Finance Conference
Award/Grants: 2024 Fama-Miller Center for Research in Finance Funding

[6] Profitability Context and the Cross-Section of Stock Returns

Co-author: Valeri Nikolaev
SSRN [Link]

Press: Becker Friedman Institute Research Brief, Columbia Law School Blue Sky Blog, Chicago Booth Review
Presentations: University of Chicago Workshop, 2023 KAA Summer Conference, University of Calgary

[7] From Transcripts to Insights: Uncovering Corporate Risks Using Generative AI

Co-authors: Maximilian Muhn and Valeri Nikolaev
SSRN [Link] | arXiv [Link]

Press: Becker Friedman Institute Research Brief, Harvard Law School Blog, Chicago Booth Review, CXO Advisory Group
Presentations: 2023 QES Quant Investing Conference, CFA Institute, Tilburg Winter Symposium, PCAOB, 2024 FMA Applied Finance Conference, 2024 FMA Asia-Pacific (scheduled), International Risk Management Conference at Bocconi University (scheduled), 2024 European Finance Association Annual Meeting (scheduled), 2024 RiskLab/BoF/ESRB Conference on AI and Systemic Risk Analytics (scheduled), 2024 AAA (scheduled)

[8] Audit Adjustments Around Financial Benchmarks

Co-authors: Kristian D. Allee, Bok Baik, and Chanseok Lee
SSRN [Link]

Presentations: University of Chicago Workshop, University of Arkansas, University of Melbourne, University of New South Wales, 2022 KAA Winter Conference, 2023 AAA, 2024 FARS