Xiumin Martin Research

Click on title to download publication.

Articles Published in Refereed Journals

Kaplan, Z., Martin, X., and Xie, Y. "Truncating Optimism." Accepted at Journal of Accounting Research.

Chen, D., Ma, Y., Martin, X., and Michaely, R. "On the Fast Track: Information Acquisition Costs and
        Information Production." Accepted at Journal of Financial Economics. [Code] [Original Survey]
[Alternative Survey]

Bushman, R., Pacelli, J., Martin, X., and Gao, J. "The Influence of Loan Officers on Loan Contract
      Design and Performance." Journal of Accounting and Economics Forthcoming, accepted at
      Corporate Governance conference 2017, and Chicago Financial Intermediation Conference 2017.

Chen, T., Levy, H., Martin, X., and Shalev, R. "Buying Products from:
        Whom You know: Personal Connections in Supply-Chain Relationships
        Review of Accounting Studies forthcoming.

Frankel, R., Kim, B., Ma, T., and Martin, X. "Bank Monitoring and Accounting Recognition:
        The Case of Aging-Report Requirements". Contemporary Accounting Research forthcoming.

Jiang, F., Lee, J., Martin, X., and Zhou, G "Manager Sentiment and Stock Returns."
         Journal of Financial Economics 132(1), 2019: 126-149.
  • Received coverage by Harvard Business Review 9-10, 2019.
  • Received coverage by Poets & Quants Professor of the Week 2019.

Chen, C., Martin, X., Roychowdhury, S., and Wang, X. "Clarity Begins at Home:
         Internal Information Asymmetry and External Communication Quality."
         The Accounting Review 93(1), 2018: 71-101.
[readme] [data]
Martin, X., and Shalev, R. "Target Firm-Specific Information and Acquisition
         Efficiency." Management Science 63(3),2017:672-690.

Donovan, J., Frankel, R., and Martin, X. "Accounting Conservatism and Creditor
        Recovery Rate", The Accounting Review 90(6), 2015: 2267-2303.

Chen, T., Martin, X., Mashruwala, C., and Mashruwala, S. "The Value and Credit
        Relevance of Multiemployer Pension Plan Obligations." The Accounting Review.
        90 (6), 2015: 1907-1938.

Martin, X., and Roychowdhury, S. "Do Financial Market Developments Influence
        Accounting Practices? Credit Default Swaps and Borrowers' Reporting
        Conservatism". Journal of Accounting and Economics 59 (1), 2015: 80-104.

Donovan, J., Frankel, R., Lee, J., Martin, X., and Seo, H. "Issues Raised by Studying
         DeFond and Zhang: What should Audit Researchers Do?". Journal of Accounting
        and Economics 58(2-3), 2014: 327-338.

Roychowdhury, S., and Martin, X. "Understanding Discretion in Conservatism:
        An Alternative Viewpoint," Journal of Accounting and Economics 56 (2-3), 2013:

Chen, C., Martin, X., and Wang, X. "Insider Trading, Litigation Concerns, and Auditor
        Going-Concern Opinions," leading article in The Accounting Review 88 (2), 2013:

Gormley, T., Martin, X., and Kim, B. "Do Firms Adjust Their Timely Loss Recognition in
        Response to Changes in the Banking Industry?" Journal of Accounting Research 50
        (1), 2012: 159-196.

Bhat, G., Frankel, R., and Martin, X. "Panacea, Pandora's Box, or Placebo: Feedback
        in Bank Holdings of Mortgage-Backed Securities and Fair Value Accounting," Journal
        of Accounting and Economics 52 (2-3), 2011: 153-173.

Chen, T., and Martin, X. "Do Bank-Affiliated Analysts Benefit from Lending
        Relationships?" Journal of Accounting Research 49 (3), 2011: 633-675.

Francis, J., Khurana, I., Martin, X., and Pereira, R. "The Relative Importance of Firm
        Incentives versus Country Factors in the Demand for Assurance Services by Private
        Entities," Contemporary Accounting Research 28 (2), 2011: 487-516.

Brockman, P., Martin, X., and Unlu, E. "Executive Compensation and the Maturity
        Structure of Corporate Debt," Journal of Finance 65 (3), 2010: 1123-1161.

Francis, R., and Martin, X. "Acquisition Profitability and Timely Loss Recognition,"
        Journal of Accounting and Economics 49 (1-2), 2010: 161-178.

Brockman, P., Khurana, I., and Martin, X. "Voluntary Disclosure around Share
        Repurchases," Journal of Financial Economics 89 (1), 2008: 175-191.

Khurana, I., Martin, X., and Pereira, R. "Financial Development and the Cash Flow
         Sensitivity of Cash," Journal of Financial and Quantitative Analysis 41 (4), 2006:

Khurana, I., Pereira, R., and Martin, X. "Firm Growth and Disclosure: an Empirical
        Analysis," Journal of Financial and Quantitative Analysis 41 (2), 2006: 357-380.

Brockman, P., Puckett, A., and Martin, X. "Voluntary Disclosures and the Exercise of CEO
        Stock Options," Journal of Corporate Finance 16 (1), 2010: 120-136.
Haggard, S., Martin, X., and Pereira, R. "Does Voluntary Disclosure Improve Stock Price
        Informativeness?" Financial Management 37 (4), 2008: 747-768.
Khurana, I., Martin, X., and Pereira, R. "Cross Listing and Firm Growth," Review of
        Finance 12 (2), 2008: 293-322.
Francis, J., Khurana, I., Martin, X., and Pereira, P. "The Role of Firm-Specific Incentives
        and Country Factors in Explaining Voluntary IAS Adoptions: Evidence from Private
        Firms," European Accounting Review 17 (2), 2008: 331-360.


Working Papers

Tat Y. Chan, Li Liao, Xiumin Martin, and Zhengwei Wang. "Avoid Peer Information:
        Evidence from a Field Experiment on Charity Crowdfunding". Working paper. 

Kimball Chapman   Richard Frankel    Xiumin Martin. "SPACs and Forward-Looking
        Disclosure: Hype or Information?". Working paper.

Martin, X., Seo, Hojun, and Yang, J. "CEO compensation Board Meeting and Management
        Guidance". Under revision for the 3rd round review at The Accounting Review.

 Gopalan, R., Martin, X., and Srinivasan, K. Weak Creditor Rights
        and Insider Opportunism: Evidence from an Emerging Market. Under revision for the 2nd round
         review at Contemporary Accounting Research.

Jia, Y., Martin, X., and Gao, X. “Is accounting information quality priced in managerial labor market?
        Revise and Resubmit for the second round of review at The Accounting Review

Lei M., Martin, X., Ringgenberg M., and Zhou G. “An Information Factor: What Are Skilled Investors
        Buying and Selling?”. Under the 1st round review at Review of Financial Studies.

Liao, L., Martin, X., Wang, N., Wang, Z., and Yang, J. “Carrot or Stick? Evidence from a Pair of Natural
        Field Experiments Testing Lender Information Sharing Hypotheses”.

Work in Progress

Chen, Q., Martin, X., Roychowdhury, S., and Liu, X. "Reliance on financial
        information and borrower reporting quality-An empirical study in China".