Faculty & Research

Faculty and Executive Leadership Directory


Xiao-Jun Zhang

Xiao-Jun Zhang

Emil R. Niemela Chair in Accounting 
Associate Professor
Haas Accounting Group
Email: click on the envelope icon below for full email address
Academic Status: On duty
Office Hours: By appointment, F481
Curriculum Vitae (in PDF format, Acrobat Reader required)


BA, Finance, Renmin University, China
MA, Economics, University of Maryland
MPh, Business Administration, Graduate School of Business, Columbia University
PhD, Business Administration, Graduate School of Business, Columbia University

Positions Held

At Haas since 1998
2002 - present, E.R. Niemela Associate Professor of Accounting, Haas School of Business
1998 - 2002, Assistant Professor, Haas School of Business

External Service and Assignments

  • Reviewer: Referee for Contemporary Accounting ResearchJournal of Accounting and Economics, Journal of Accounting and Public PolicyJournal of Accounting ResearchReview of Accounting StudiesThe Accounting Review
  • Member, American Accounting Association
  • Member, Accounting Group Recruiting Committee
  • Member, MBA Core Redesign Task Force

Current Research and Interests

  • Financial statement analysis
  • Financial accounting theory
  • International accounting

Selected Papers and Publications

  • Asymmetric decrease in liquidity trading before earnings announcements and the announcement return premium, with Shai Levi. (Data)
  • Do Temporary Increases in Information Asymmetry Affect the Cost of Equity? with Shai Levi, Management Science(2014)
  • Preserving Amortized Costs within a Fair-Value-Accounting Framework: Reclassification of Gains and losses on Available-for-Sale Securities upon Realization, with Minyue Dong and Stepehn Ryan, Review of Accounting Studies (2014)
  • Book-to-Market Ratio and Skewness of Stock Return, The Accounting Review (2013)
  • Information Relevance, Reliability, and Disclosure, Review of Accounting Studies (2012)
  • Accounting Conservatism, Aggregation, and Information Quality, with Qintao Fan, Contemporary Accounting Research (2012)
  • Financial Reporting Complexity and Investor Under-reaction to 10-K Information, with Haifeng You, Review of Accounting Studies (2009)
  • Accounting Treatment of Inherent versus Incentive Uncertainties and the Capital Structure of the Firm, with Pierre Liang, Journal of Accounting Research (2006)
  • Accounting Conservatism, Quality of Earnings, and Stock Returns, with Stephen Penman, The Accounting Review (2002)


  • Research Seminar in Business Administration, PHDBA 229, 2002
  • Financial Accounting, MBA 202, 2000-2002
  • Financial Accounting, UGBA 120, 2000
  • Doctoral Research Seminar, BA 298, 1998, 1999
  • Financial Accounting, E202A, 1998, 1999

Honors and Awards

  • Schwabacher Fellowship, Haas School of Business, UC Berkeley, 2001
  • Junior Faculty Research Grant, UC Berkeley, 1999, 2000
  • Research Enabling Grant, UC Berkeley, 1998-2001
  • Grant, Jerome A. Chazen Institute of International Business, 1997
  • Paul Montrone Scholarship, Columbia Business School, 1996

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