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Scott Liao

Scott Liao

    Scott Liao

    Associate Professor of Accounting  
    Director of Faculty Recruitment

    Degrees: PhD, Ohio State University
    Email: Send an email to Scott Liao
    Phone: 416-946-8599


    Scott Liao is Associate Professor of Accounting and Director of Faculty Recruitment at Rotman. He earned his PhD from the Ohio State University in 2008. His research interests include the agency problems in debt markets, banking regulation, and economic consequences of financial reporting and disclosure. He has published his papers in several premium journals including the Journal of Accounting and Economics, The Accounting Review and Contemporary Accounting Research. His teaching is focused on financial accounting.

    Academic Positions

    2014 -  Associate Professor; University of Toronto
    2008-2014  Assistant Professor; University of Toronto

    Selected Publications - Papers

    • Capital Markets’ Assessment of the Economic Impact of the Dodd-Frank Act on Systemically Important Financial Firms; With Yu Gao and Xue Wang; Journal of Banking and Finance; 2017
    • Outside Blockholders' Monitoring of Management and Debt Financing; Contemporary Accounting Research; Issue: 32; 2015; Pages: 1373-1404
    • Financial Accounting in the Banking Industry: A review of the empirical literature; with Anne Beatty; Journal of Accounting and Economics; Issue: 58; 2014; Pages: 339-383
    • The Commitment Effect versus Information Effect of Disclosure-Evidence from Smaller Reporting Companies; with Lin Cheng and Helen Zhang; The Accounting Review; Issue: 88; 2013; Pages: 1239-1263
    • The Spillover Effect of Fraudulent Financial Reporting on Peer Firms' Investments; with Anne Beatty and Jeff Yu; Journal of Accounting and Economics; Issue: 55; 2013; Pages: 183-205
    • Evidence on the Determinants and Economic Consequences of Delegated Monitoring; with Anne Beatty and Joe Weber; Journal of Accounting and Economics; Issue: 53; 2012; Pages: 555-576
    • Do Delays in Expected Loss Recognition Affect Banks' Willingness to Lend?; with Anne Beatty; Journal of Accounting and Economics; Issue: 52; 2011; Pages: 1-20
    • The Effect of Private Information and Monitoring on the Role of Accounting Quality in Investment Decisions; with Anne Beatty and Joe Weber; Contemporary Accounting Research; Issue: 27; 2010; Pages: 17-47
    • Financial Reporting Quality, Private Information, Monitoring and the Lease-versus-Buy Decision; with Anne Beatty and Joe Weber; The Accounting Review; Issue: 85; 2010; Pages: 1215-1238

    Academic / Professional Service

    2016-  Co-Editor; International Journal of Accounting
    2015-  Editorial Board; Journal of Financial Reporting
    2014-  Editorial Board; The Accounting Review
    2013-  Editorial Board; Contemporary Accounting Research

    Honors and Awards

    2009-2014  Excellence in Teaching Award; Univeristy of Toronto
    2013  Dean's Award for Excellence in Research; University of Toronto

    Research and Teaching Interests

    Economic Consequences of Financial Reporting Quality, Debt Market and Agency Problems, Banking Regulations  

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