Research Projects

Research Projects Results (1)


The Application of Labor Market Information in Financial Markets ( 2018 )

Assistant Professor Michael Shen Lulu
: Accounting
In this project, I explore the application of labour market information (e.g., financial analyst turnover, corporate accounts’ career paths, the revolving door practice of regulator, etc.) in topics related to financial accounting. For example, I use an innovative dataset of lower-level employee profiles from a large professional social network to examine the turnover of lower-level accounting employees in financial misconduct. Specifically, I examine two research questions: (1) whether accounting employees proactively leave before financial misconduct is revealed; (2) whether accounting employees who do not proactively leave are punished in the labour market after financial misconduct is revealed. In another working paper, my co-author and I assemble a comprehensive dataset of individual characteristics (e.g., SEC-affiliation, educational background, gender) of lawyers based on LinkedIn and other public sources. We examine the impact of SEC-affiliated lawyers on the SEC comment letter process and shed light on the concern that former SEC employees may continue to influence the agency even after they leave.
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