Lisa Yao Liu

Proactive Financial Reporting Enforcement and Shareholder Wealth

SSRN Electronic Journal · 2017-01-01 · 24 citations

ESG Ratings of ESG Index Providers

SSRN Electronic Journal · 2023 · 18 citations

The Effect of Firms' Information Exposure on Safeguarding Employee Health: Evidence from COVID‐19

Journal of Accounting Research · 2023 · 13 citations

ABSTRACT We show that information exposure through international business networks enables firms to take proactive measures that benefit employees and potentially the local community. Specifically, in the early days of COVID‐19, firms that have business networks with China and Italy are more likely to be aware of the severity of the disease, and proactively implement work‐from‐home (“WFH”) policies that can protect their employees. Using Safegraph foot traffic data, we find a higher stay‐at‐home…

The Real Effects of Mandatory Non-Financial Disclosures in Financial Statements

SSRN Electronic Journal · 2015-01-01 · 12 citations

Financial Statement Audits and Data Breaches

Management Science · 2024-11-01 · 5 citations

Financial statement audits for public companies require auditors to test the internal controls over the client’s information systems that are material to the financial reporting process. Given the increasingly integrated nature of corporate data and control systems, a standard audit may have a positive effect on client firms’ other information systems, such as those that help prevent data breaches. In this paper, I provide evidence on whether and how auditors help prevent data breaches. Using pl…