About

Cyrus Aghamolla is an associate professor of accounting at Rice University, Jones Graduate School of Business. His research focuses on social learning, communication in capital markets, voluntary disclosure, adverse selection, initial public offerings, healthcare finance, and private equity. He is involved in advancing understanding in these areas through his academic work, contributing to the field of accounting and finance.

Research topics

• Business
• Accounting
• Finance
• Economics
• Marketing
• Monetary economics
• Management
• Microeconomics
• Industrial organization

Selected publications

• The (going) public option: Equity market financing in the hospital industry

  SSRN Electronic Journal · 2025-01-01 · 1 citations

  preprintOpen access1st authorCorresponding
  PublisherDOI

• More investors, more problems? Bond market liberalization and innovation

  SSRN Electronic Journal · 2025-01-01

  preprintOpen access1st authorCorresponding
  PublisherDOI

• Merchants of Death: The Effect of Credit Supply Shocks on Hospital Outcomes

  American Economic Review · 2024-10-30 · 22 citations

  article1st authorCorresponding

  This study examines the link between credit supply and hospital health outcomes. We use bank stress tests as exogenous shocks to credit access for hospitals that have lending relationships with tested banks. We find that affected hospitals shift their operations to increase resource utilization following a negative credit shock but reduce the quality of their care to patients across a variety of measures, including a significant increase in risk-adjusted readmission and mortality rates. The results indicate that access to credit can affect the quality of health care hospitals deliver, pointing to important spillover effects of credit market frictions on health outcomes. (JEL G21, G32, I11, I18)

  PublisherDOI

• Mandatory vs. Voluntary Disclosure in the Dynamic Market for Lemons

  SSRN Electronic Journal · 2024-01-01

  articleOpen access1st authorCorresponding
  PublisherDOI

• Sequential Reporting Bias

  The Accounting Review · 2024-04-10 · 4 citations

  articleOpen access1st authorCorresponding

  ABSTRACT Firms with correlated fundamentals often issue reports sequentially, leading to information spillovers. The theoretical literature has investigated multifirm reporting, but only when firms report simultaneously. We examine the implications of sequential reporting, where firms aim to maximize their market price and can manipulate their reports. The introduction of sequentiality significantly alters the biasing behavior of firms and the resulting informational environment relative to simultaneous reporting. In particular, a lead firm always manipulates more when reports are issued sequentially. Moreover, relative to simultaneous reporting, sequential reporting reduces the overall information available to the market about each firm, resulting in less efficient and less volatile prices. Additionally, we find that stronger correlation in firm fundamentals can amplify the lead firm’s incentive for manipulation under sequentiality, in contrast to simultaneous reporting. We offer further results regarding, for example, market response coefficients, and provide a number of empirical implications. JEL Classifications: C72; D82; D83; G14; M41.

  PublisherOA PDFDOI

• Merchants of Death: The Effect of Credit Supply Shocks on Hospital Outcomes

  SSRN Electronic Journal · 2023-01-01 · 3 citations

  articleOpen access1st authorCorresponding
  PublisherDOI

• When Private Equity Comes to Town: The Local Economic Consequences of Rising Healthcare Costs

  SSRN Electronic Journal · 2023-01-01 · 3 citations

  articleOpen access1st authorCorresponding
  PublisherDOI

• Strategic complexity in disclosure

  Journal of Accounting and Economics · 2023-08-16 · 40 citations

  article1st author
  PublisherDOI

• Managerial Myopia, Earnings Guidance, and Investment

  SSRN Electronic Journal · 2022-01-01 · 4 citations

  articleOpen access1st authorCorresponding
  PublisherDOI

• Endogenous Offer Arrival in the Market for Lemons

  SSRN Electronic Journal · 2022-01-01 · 1 citations

  articleOpen access1st authorCorresponding
  PublisherDOI

Frequent coauthors

• Richard T. Thakor

  University of Minnesota

  52 shared

• Pinar Karaca‐Mandic

  University of Minnesota

  38 shared

• Xuelin Li

  32 shared

• Tadashi Hashimoto

  11 shared

• Vivian W. Fang

  Indiana University

  6 shared

• Nan Li

  Beijing Microelectronics Technology Institute

  5 shared

• Ilan Guttman

  New York University

  5 shared

• Jash Jain

  4 shared