Frank Zhou

University of Pennsylvania - The Wharton School

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

SCHOLARLY PAPERS

17

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3,113

SSRN CITATIONS
Rank 28,397

SSRN RANKINGS

Top 28,397

in Total Papers Citations

13

CROSSREF CITATIONS

19

Scholarly Papers (17)

Prediction versus Inducement and the Informational Efficiency of Going Concern Opinions

Number of pages: 48 Posted: 03 Jul 2016 Last Revised: 03 Nov 2016
Tuck School of Business at Dartmouth College, Arizona State University (ASU) - School of Mathematical and Statistical Sciences, Arizona State University (ASU) and University of Pennsylvania - The Wharton School
Downloads 217 (172,761)
Citation 1

Abstract:

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2.

Disclosure Dynamics and Investor Learning

Number of pages: 53 Posted: 14 Feb 2017 Last Revised: 08 Mar 2020
Frank Zhou
University of Pennsylvania - The Wharton School
Downloads 460 (77,244)
Citation 11

Abstract:

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Persistence of disclosure decisions, Earnings forecasts, Investor learning, Parameter uncertainty, Bayesian estimation, Dynamics of disclosures

3.

The Effect of Credit Ratings on Disclosure: Evidence from the Recalibration of Moody’s Municipal Ratings

Number of pages: 66 Posted: 16 Apr 2018 Last Revised: 10 Apr 2020
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Chicago -- Booth School of Business and University of Pennsylvania - The Wharton School
Downloads 431 (83,418)
Citation 3

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Municipal Bonds, Municipal Disclosure, Credit Ratings, Moody’s Recalibration, Underwriters, Single Audit Act

4.

Management Forecasts and Competition for Limited Investor Resources

Number of pages: 54 Posted: 19 Apr 2019
University of Pennsylvania - The Wharton School, University of Pennsylvania - Accounting Department and University of Pennsylvania - The Wharton School
Downloads 263 (143,615)
Citation 4

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comovement, disclosure, guidance, management forecasts, information acquisition

5.

The Dog that Didn't Bark: Limited Price Efficiency and Strategic Nondisclosure

Number of pages: 58 Posted: 07 Aug 2017 Last Revised: 30 Jan 2020
Frank Zhou and Yuqing Zhou
University of Pennsylvania - The Wharton School and University of California, Los Angeles (UCLA), Anderson School of Management, Students
Downloads 236 (159,702)
Citation 5

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Mispricing of Nonguidance; Limited Attention; Short-selling Constraints; Voluntary Disclosure

6.

Disagreement About Fundamentals: Measurement and Consequences

Number of pages: 46 Posted: 31 Jan 2020 Last Revised: 21 Jul 2021
Paul E. Fischer, Chongho Kim and Frank Zhou
University of Pennsylvania - Accounting Department, New York University and University of Pennsylvania - The Wharton School
Downloads 227 (165,827)

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Disagreement, Divergence of Opinion, Expected Returns, Disclosures

7.

The Economic Consequences of Financial Certifier Competition

Number of pages: 46 Posted: 19 Nov 2018 Last Revised: 05 Aug 2021
Heng Geng, Cheng Zhang and Frank Zhou
Victoria University of Wellington, Victoria University of Wellington and University of Pennsylvania - The Wharton School
Downloads 202 (185,070)
Citation 2

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Certifier competition; Interest cost; Conflict of interest; Service quality; Syndicated lending

8.

Audit Firm Rotation and Misstatements: A Dynamic Discrete Choice Approach

Number of pages: 59 Posted: 08 Dec 2018 Last Revised: 30 Jan 2020
Edwige Cheynel and Frank Zhou
Washington University in St. Louis - John M. Olin Business School and University of Pennsylvania - The Wharton School
Downloads 177 (208,186)
Citation 2

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Structural estimation; auditing; mandatory audit firm rotation; misstatements; conditional choice probabilities; dynamic discrete choice

9.

Financial Reporting and Employee Job Search

Number of pages: 72 Posted: 28 Jun 2021
Ed deHaan, Nan Li and Frank Zhou
University of Washington - Michael G. Foster School of Business, University of Toronto - Rotman School of Management and University of Pennsylvania - The Wharton School
Downloads 176 (209,185)

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Financial Reporting; Employee Turnover; Labor Mobility; Job Search; Earnings Announcements; Employee Learning; Glassdoor

10.

Analysts’ Underreaction to Employee Business Outlooks

Rotman School of Management Working Paper No. 3409397
Number of pages: 48 Posted: 24 Jun 2019
Nan Li, M.H. Franco Wong and Frank Zhou
University of Toronto - Rotman School of Management, University of Toronto - Rotman School of Management and University of Pennsylvania - The Wharton School
Downloads 151 (238,033)
Citation 1

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employee business outlooks, social media, analyst forecasts, fundamental analysis, underreaction, market anomaly

11.

Long-Term Information in the Decision to Provide a Short-Term Forecast

NYU Stern School of Business Forthcoming
Number of pages: 39 Posted: 20 Oct 2020
University of Pennsylvania - Accounting Department, New York University, The Wharton School, University of Pennsylvania and University of Pennsylvania - The Wharton School
Downloads 135 (261,938)

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disclosure, myopia, earnings forecast

12.

Inconsistent Disclosures

Number of pages: 83 Posted: 15 Mar 2021 Last Revised: 02 Aug 2021
Yichang Liu, Joshua Madsen and Frank Zhou
University of Minnesota - Twin Cities, University of Minnesota - Twin Cities - Carlson School of Management and University of Pennsylvania - The Wharton School
Downloads 132 (264,902)

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Inconsistent disclosure, financial regulation, hedge funds, Form ADV, limited attention, public information

13.

The Dark Side of Reporting Credibility: Evidence from Intangible Investments

Number of pages: 51 Posted: 13 Aug 2020 Last Revised: 21 Jan 2021
Heng Geng, Cheng Zhang and Frank Zhou
Victoria University of Wellington, Victoria University of Wellington and University of Pennsylvania - The Wharton School
Downloads 119 (286,203)

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Reporting Credibility, Disclosure Informativeness, Myopia, Intangible Investments

14.

Executive Stock Options and Systemic Risk

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 47 Posted: 01 May 2020 Last Revised: 21 Sep 2020
University of Pennsylvania - Accounting Department, University of Pennsylvania - Accounting Department and University of Pennsylvania - The Wharton School
Downloads 103 (316,196)

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Executive compensation; Equity incentives; Systemic risk; Business cycles

15.

Culture and the Historical Persistence of Minority Shareholder Expropriation

Number of pages: 54 Posted: 18 Feb 2021 Last Revised: 15 Jul 2021
Gu Zhihui, Wei Sun and Frank Zhou
Nankai University - Business School, University of International Business and Economics and University of Pennsylvania - The Wharton School
Downloads 84 (359,709)

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Minority shareholder expropriation; Tunneling; Culture; Confucianism; Historical Persistence

16.

The Effect of Credit Ratings on Disclosure: Evidence from the Recalibration of Moody's Municipal Ratings

Journal of Accounting Research, Volume 58, Issue 3, 2020
Posted: 02 Jul 2020
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Chicago -- Booth School of Business and University of Pennsylvania - The Wharton School

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municipal bonds; municipal disclosure; credit ratings; Moody’s recalibration; underwriters; Single Audit Act

17.

The Dog that Did Not Bark: Limited Price Efficiency and Strategic Nondisclosure

Journal of Accounting Research, Volume 58, Issue 1, March 2020
Posted: 09 Mar 2020
Frank Zhou and Yuqing Zhou
University of Pennsylvania - The Wharton School and University of California, Los Angeles (UCLA), Anderson School of Management, Students

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mispricing of nonguidance; limited attention; short-selling constraints; voluntary disclosure