Scott Liao
Bio
Scott Liao is Vice Dean, Undergraduate and Specialized Programs and Professor of Accounting at Rotman School of Management. His research interests include agency problems in debt markets, banking regulation, and economic consequences of financial reporting and disclosure. He has published papers in leading journals such as Journal of Accounting and Economics, The Accounting Review, Contemporary Accounting Research and Management Science. He is an editor at Contemporary Accounting Research. His teaching is focused on financial accounting and data analytics and he has taught MBA, MMA, GEMBA, Commerce and Ph.D. courses. He also teaches in multiple executive programs.
Other Info
Email: scott.liao@rotman.utoronto.ca
Academic Positions
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2023-
Vice Dean, Undergraduate and Specialized Programs, Rotman, University of Toronto
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2021-2023
Academic Director of Full Time MBA, Rotman, University of Toronto
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2020-
Professor of Accounting, University of Toronto
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2014 -2020
Associate Professor, University of Toronto
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2014-2015
Visiting Associate Professor, INSEAD
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2008-2014
Assistant Professor, University of Toronto
Selected Publications - Papers
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with Anne Beatty and Joe Weber
Working Paper
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Public Environmental Enforcement and Private Lender Monitoring: Evidence from Environmental Covenants
with Stacey Choy, Shushu Jiang and Emma Wang
Journal of Accounting and Economics
2024
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The Effect of Banking Deregulation on Borrowing Firms’ Risk Taking Incentives
with Barbara Su and Dan Bens
Contemporary Accounting Research
Issue:40 (2)
2023
Pages: 1350-1387
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Common Mutual Fund Ownership and Systemic Risk
with Michael Iselin and Helen Zhang
Contemporary Accounting Research
Issue:38 (3)
2021
Pages: 2157-2191
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What Do Analysts’ Provision Forecasts Tell Us about Expected Credit Loss Recognition?
with Anne Beatty
The Accounting Review
Issue:96
2021
Pages: 1-21
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Product Market Peers in Lending
with Gus DeFranco and Alex Edwards
Management Science
Issue:67(3)
2021
Pages: 1876-1894
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Alternative Evidence and Views on Asymmetric Loan Loss Provisioning
with Anne Beatty
Journal of Accounting and Economics
Issue:70
2020
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The Effect of Banks' Financial Reporting on Syndicated Loan Structures
with Anne Beatty and Helen Zhang
Journal of Accounting and Economics
Issue:67
2019
Pages: 496-520
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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
Issue: 86
2018
Pages: 204-223
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Outside Blockholders' Monitoring of Management and Debt Financing
Contemporary Accounting Research
Issue:32
2015
Pages: 1373-1404
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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
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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
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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
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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
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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
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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
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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
Research and Teaching Interests
Economic Consequences of Financial Reporting Quality, Debt Market and Agency Problems, Banking Regulations
Honors and Awards
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2022
Outstanding Reviewer Award, FARS
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2021
Outstanding Discussant Award, FARS
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2009-2019
Excellence in Teaching Award, Univeristy of Toronto
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2013
Dean's Award for Excellence in Research, University of Toronto
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2010
Best Paper Award, CAPANA Conference
Academic / Professional Service
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2020-
Editor, Contemporary Accounting Research
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2019-2020
Ad Hoc Editor, Contemporary Accounting Research
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2016-
Co-Editor, International Journal of Accounting
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2015-
Editorial Board, Journal of Financial Reporting
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2014-
Editorial Board, The Accounting Review
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2013-
Editorial Board, Contemporary Accounting Research