Education

  • PhD Accounting, University of South Carolina
  • Master of Philosophy, City University of Hong Kong, China
  • BSBA Finance, Peking University, China

Industry & Academic Experience

  • Expert – Accounting, Office of Corporate Finance, Division of Economic and Risk Analysis, U.S. Securities and Exchange Commission
  • Associate Professor – Accounting Group, Northeastern University, Boston, MA 2014-present
  • Visiting Financial Economist – Securities Exchange Commission, Washington, DC 2019-2020
  • Assistant Professor – Accounting Group, Northeastern University, Boston, MA 2008-2014

Selected Publications

  • Xiaotao Liu, and Mathijs van Peteghem. 2022. Management Faultlines and Management Forecasts. Contemporary Accounting Research. forthcoming https://doi.org/10.1111/1911-3846.12798.
  • Xiaotao Liu and Biyu Wu. 2021. Do IPO Firms Misclassify Expenses? Implications for IPO Price Formation and Post-IPO Stock Performance. Management Science 67(7): 3985-4642.
  • Xiaotao LiuYu Tian, and Yue Zhang. 2020. Joint Effects of Pay Transparency and Vertical Pay Dispersion on Budgeting Decisions. Journal of Management Accounting Research 32(3):179-192.
  • Lan Guo, Theresa Libby, Xiaotao Liu, and Yu Tian. 2020. Vertical Pay Dispersion, Peer Observability and Misreporting. Contemporary Accounting Research 37(1): 575-602.
  • Xiaotao Liu, Xiaoxia Liu, and Colin D. Reid. 2019. Stakeholder Orientations and Cost Management. Contemporary Accounting Research 36(1): 486–512.
  • Yun Fan and Xiaotao Liu. 2017. Misclassifying Core Expenses as Special Items: Cost of Goods Sold or Selling, General, and Administrative Expenses? Contemporary Accounting Research 34(1): 400–426.
  • Lan Guo, Theresa Libby, and Xiaotao Liu. 2017. The Effects of Vertical Pay Dispersion: Experimental Evidence in a Budget Setting. Contemporary Accounting Research 34(1): 555–576.
  • Mark Cecchini, Scott Jackson, and Xiaotao Liu. 2012. Do Initial Public Offering Firms Manage Accruals? Evidence from Individual Accounts. Review of Accounting Studies 17 (1): 22–40.
  • Scott Jackson and Xiaotao Liu. 2010. The Allowance for Uncollectible Accounts, Conservatism, and Earnings Management. Journal of Accounting Research 48 (3): 565–601.
  • Scott Jackson, Xiaotao Liu, and Mark Cecchini. 2009. Economic Consequences of Firms' Depreciation Method Choice: Evidence from Capital Investments. Journal of Accounting and Economics 48 (1): 54–68.

Selected Presentations

  • 2022 Haskayne Accounting Conference, AAA Annual Meeting
  • 2021 Hawaii Accounting Research Conference, MAS Research and Case Conference
  • 2020 AIS, ET, and International Accounting Joint Meeting, Emerging Market Workshop
  • 2019 Renmin University, China-Europe International Business School
  • 2018 Securities & Exchange Commission, Beijing University, Nanjing University

Research & Teaching Interests

His primary areas of research interest include earnings management, management accounting and corporate governance.

Services to the Profession

Liu serves as an Ad-Hoc reviewer for The Accounting Review, Management Science, Contemporary Accounting Research, Review of Accounting Studies, Accounting Horizons, Journal of Business Ethics, Journal of Management Accounting Research, and Journal of Accounting and Public Policy.

Liu previously served as a financial economist at the Securities Exchange Commission. He was involved in making multiple SEC rules, XBRL standardization and disclosure compliance, and economic risk analysis.

Awards & Recognition

  • U.S. Securities & Exchange Commission Academic Fellowship 2019-2020.
  • Harold A. Mock Professor, 2015-2017.
  • DMSB Ronald Copeland Best Paper Awards, 2013.
  • DMSB Strategic Summer Research Awards Recipient, Northeastern University, 2012, 2016.
  • Social Sciences and Humanities Research Council (SSHRC) Research Grant, Canada, 2011-2013.