Qunfeng Liao

Title: Associate Professor of Accounting
Office: 421 Elliott Hall
Phone: (248) 370-4289
Email: [email protected]

Education:
University of Texas at Arlington (Ph.D. Accounting)

Teaching Interest:
Data Analytics, Financial Accounting, Financial Statement Analysis

Research Interest:
Financial accounting and capital markets, corporate governance, corporate social responsibility

Biography:
Dr. Liao holds a Ph.D. in Accounting with a minor in Finance from the University of Texas at Arlington. She has publications in Review of Accounting Studies, Accounting Horizons, and Journal of Accounting, Auditing & Finance, among others. She serves as an editorial board member for the International Journal of Accounting, Auditing, and Performance Evaluation.

Awards:

• Faculty Recognition for Teaching, Oakland University, 2026
• Research Excellence Award, Oakland University, 2025
• SBA Journal Award, SBA, Oakland University, 2024
• SBA Journal Award, SBA, Oakland University, 2023
• SBA Journal Award, SBA, Oakland University, 2022
• Top Cited Article 2020-2021, European Financial Management, 2022
• URC Summer Research Fellowship, Oakland University, 2022
• SBA Journal Award, SBA, Oakland University, 2021
• SBA Journal Award, SBA, Oakland University, 2020
• Excellent Presentation, 9th International Conference on Business and Economics Research (ICBER), 2019
• SBA Journal Award, SBA, Oakland University, 2019
• Distinguished Paper Award, American Accounting Association Southwest Regional Meeting, 2014

Journals and Articles:

Cho, S., Hsiao, D., Liao, Q. (2025). Do financial analysts see through the cloud of carbon emissions? Accounting Horizons, 39(2), 101-115.

Liao, Q., Srinidhi, B., Wang, K. (2025). Do family firms issue more readable annual reports? Evidence from the United States. Journal of Accounting, Auditing & Finance, 40(3), 832-862.

Hsiao, D., Liao, Q., Su, W. (2024). Too dark to see: Does board governance moderate the relationship between carbon emissions and analyst forecast errors? Journal of Corporate Accounting & Finance, 35(2), 303-322. 

Hu, Y., Liu, J., Liao, Q. (2024). The family effect on brand performance in large United States firms. Journal of Business Strategies, 41(1), 1-26. 

Liao, Q. , Ouyang, B. , Tang, Y. (2023). The impact of executive ethnic diversity on real earnings management. Accounting Horizons. 37(4), 149-175. SSRN Top 10 List in August-September 2023

Bhattacharya, N. , Christensen, T. E., Liao, Q. , Ouyang, B. (2022). Can short sellers constrain opportunistic non-GAAP earnings reporting?. Review of Accounting Studies. 27(2), 391-440 (Lead article)

Kang, M. , Kim, Y. , Liao, Q. (2020). Do bankers on the board reduce crash risk?. European Financial Management. 26(3), 684-723

Srinidhi, B. , Liao, Q. (2020). Family firms and crash risk: Alignment and entrenchment effects. Journal of Contemporary Accounting and Economics. 16(2), 1-24

Fortsch, S. M., Liao, Q. (2019). Decreasing operational costs of non-profit community-based blood centres. International Journal of Business and Systems Research. 13(4), 419-437

Liao, Q. , Ouyang, B. (2019). Shareholder litigation risk and real earnings management: a causal inference. Review Of Accounting and Finance. 18(4), 557-588

Liao, Q. , Ouyang, B. (2017). Organized labor, corporate governance, and stock price crash risk. Review of Accounting and Finance. 16(4), 424-443

Liao, Q. , Mehdian, S. , Rezvanian, R. (2017). An examination of investors reaction to the announcement of CoCo bonds issuance: a global outlook. Finance Research Letters. 22(August), 58-65

Liao, Q. , Mehdian, S. (2016). Measuring financial distress and predicting corporate bankruptcy: an index approach. Review of Economics and Business Studies. 9(1), 33-51

Liao, Q. , Mehdian, S. , Stephens, J. (2016). The Impact of the 2008 global financial crisis on the structure of transmission of price innovations across financial markets: the case of Southeast Asian equity markets. Scientific Annals of Economics and Business. 62(2), 195-208

Ho, L. , Liao, Q. , Taylor, M. (2015). Real and accrual-based earnings management in the pre- and post-IFRS periods: evidence from China. Journal of International Financial Management and Accounting. 26(3), 294-335