Mary Billings

About

Mary Billings is an Associate Professor of Accounting at the NYU Stern School of Business, having joined the institution in 2007. Her academic background includes a Ph.D. in Accounting from Indiana University, earned in 2007, along with an M.B.A. in Accounting and a B.S. in Finance from the same university. Prior to her tenure at Stern, she worked as a consultant at PricewaterhouseCoopers, LLP. Professor Billings conducts empirical archival research that examines how the disclosure of accounting information influences the behavior of managers, investors, option traders, and other participants in capital markets. Her research particularly focuses on issues related to information uncertainty and various aspects of firms’ information environments. Throughout her career, she has received several awards and honors, including the Glucksman Award and recognition as one of Poets & Quants' Best 40 Under 40 Business School Professors in 2016. She has also held visiting faculty positions, notably at the University of Pennsylvania’s Wharton School during 2011-2012.

Research topics

• Political Science
• Business
• Law
• Accounting
• Economics
• Finance
• Natural resource economics
• Actuarial science
• Law and economics
• Ecology

Selected publications

• Shaping Liquidity: On the Causal Effects of Voluntary Disclosure

  The Journal of Finance · 2014-05-28 · 636 citations

  article

  ABSTRACT Can managers influence the liquidity of their firms’ shares? We use plausibly exogenous variation in the supply of public information to show that firms actively shape their information environments by voluntarily disclosing more information than regulations mandate and that such efforts improve liquidity. Firms respond to an exogenous loss of public information by providing more timely and informative earnings guidance. Responses appear motivated by a desire to reduce information asymm…

  PublisherDOI

• Shaping Liquidity: On the Causal Effects of Voluntary Disclosure

  National Bureau of Economic Research · 2013-04-01 · 224 citations

  reportOpen access

  Can managers influence the liquidity of their firms' shares? We use plausibly exogenous variation in the supply of public information to show that firms seek to actively shape their information environments by voluntarily disclosing more information than is mandated by market regulations and that such efforts have a sizeable and beneficial effect on liquidity. Firms respond to an exogenous loss of public information by providing more timely and informative earnings guidance. Responses appear mot…

  PublisherOA PDFDOI

• Shaping Liquidity: On the Causal Effects of Voluntary Disclosure

  SSRN Electronic Journal · 2012-01-01 · 222 citations

  articleOpen access
  PublisherDOI

• On guidance and volatility

  Journal of Accounting and Economics · 2015-08-20 · 158 citations

  article1st authorCorresponding
  PublisherDOI

• Strategic silence, insider selling and litigation risk

  Journal of Accounting and Economics · 2015-01-03 · 143 citations

  article1st authorCorresponding
  PublisherDOI

Frequent coauthors

• Alexander Ljungqvist

  Stockholm School of Economics

  10 shared

• Matthew C. Cedergren

  Santa Clara University

  6 shared

• Karthik Balakrishnan

  5 shared

• April Klein

  5 shared

• Robert H. Jennings

  4 shared

• Bryan T. Kelly

  Capital University

  4 shared

• Melissa F. Lewis‐Western

  Brigham Young University

  4 shared

• Emanuel Zur

  3 shared

Awards & honors

• Glucksman Award, Poets & Quants - Best 40 Under 40 Business…
• Daniel P. Paduano Faculty Fellow (2010)
• Ely Kushel Teaching Excellence Award (2010)
• William Panschar Undergraduate Teaching Award, Indiana Unive…

Similar researchers at New York University

• Stephen Ryanh-46
• Eli Bartovh-38
• Joshua Ronenh-31