Carnegie Mellon University

Pierre Liang

Pierre Jinghong Liang

Professor of Accounting

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  • TEP - Tepper Building - Room 4125
  • 412-268-3315
Address
5000 Forbes Avenue
Pittsburgh, PA 15213

Areas of Study

Accounting

Bio

Professor Pierre Jinghong Liang is a Professor of Accounting at the Tepper School of Business, Carnegie Mellon University located in Pittsburgh, Pennsylvania. Professor Liang received his PhD degree in Business Administration (Accounting) from University of Florida. His research interests are accounting theory and information economics; his research articles have been published in The Accounting Review, American Economic Review, Contemporary Accounting Research, Journal of Accounting and Economics, Journal of Accounting Research, Journal of Public Economics, Management Science, among others. His latest research focuses on disclosure theory, axiomatic foundations of income measurement, and team monitoring in agencies. Professor Liang’s academic research has won AAA Management Accounting Section (MAS)'s Best Paper at the Annual Meeting Award in 2009 and his teaching has won the ``Excellence in the Classroom'' teaching award at the Tepper School of Business, 2007-2008. His professional services outside Carnegie Mellon include serving the American Accounting Association (AAA) on its various committees including the research advisory committee and serving the Chinese Accounting Professors Association of North America (CAPANA) as an officer.

Education

  • University of Florida - Ph D - 1998
  • University of New Hampshire - MA - 1991
  • Xiamen University - BA - 1990

Research

Accounting Theory, Information Economics

Publications

  • On the Social Value of Accounting Objectivity in Bank Stability

    (author(s): Pierre Liang, Gaoqing Zhang)
    The Accounting Review, forthcoming

  • Economic Consequences of Expanding Accounting Recognition

    (author(s): Wei Li, Pierre Liang, Xiaoyan Wen)
    Journal of Accounting, Auditing and Finance, 2017

  • Performance Monitoring by Managerial Teams

    (author(s): Pierre Liang, Madhav Rajan, Korok Ray)
    JCC: The Business and Economics Research Journal, 2016

  • Disclosure Policy and Industry Fluctuations

    (author(s): Jeremy Bertomeu, Pierre Liang)
    Management Science, 2014

  • Endogenous Precision of Performance Measures and Limited Managerial Attention

    (author(s): Pierre Liang, Lin Nan)
    European Accounting Review Volume 23(4), 2014; 693-727

  • Informational Feedback, Adverse Selection, and the Optimal Disclosure Policy

    (author(s): Pingyang Gao, Pierre Liang)
    Journal of Accounting Research 51(5), 2013; 1133-1158

  • The New Risk Management: The Good, the Bad, and the Ugly

    (author(s): Philip Dybvig, Pierre Liang, William Marshall)
    Federal Reserve Bank of St. Louis Review 95(4), 2013; 273-291

  • Information Asymmetry and Equilibrium Monitoring in Education

    (author(s): Maria Marta Ferreyra, Pierre Liang)
    Journal of Public Economics 96(1-2), 2012; 237-254

  • An Invitation to Theory

    China Journal of Accounting Research 3(1), 2010; 1-12

  • Accounting Disclosure And Real Effects

    Accounting Review 85(3), 2010; 1119-1120

  • Quasi-Robust Multiagent Contracts

    (author(s): Anil Arya, Joel Demski, Jonathan Glover, Pierre Liang)
    Management Science 55(5), 2009; 752-762

  • Optimal Team Size And Monitoring In Organizations

    (author(s): Pierre Liang, Madhav V. Rajan, Korok Ray)
    Accounting Review 83(3), 2008; 789-822

  • Information Economics and Accounting Measurement: a Blueprint for Scholarly Research

    (author(s): Pierre Liang, Xiao-Jun Zhang)
    China Accounting Review 6(1), 2008; 109-118

  • Accounting Measurement Basis, Market Mispricing, And Firm Investment Efficiency

    (author(s): Pierre Liang, Xiaoyan Wen)
    Journal Of Accounting Research 45(1), 2007; 155-197

  • Accounting Treatment Of Inherent Versus Incentive Uncertainties And The Capital Structure Of The Firm

    (author(s): Pierre Liang, Xiao-Jun Zhang)
    Journal Of Accounting Research 44(1), 2006; 145-176

  • Profit Sharing And Monitoring In Partnerships

    (author(s): Steven Huddart, Pierre Liang)
    Journal Of Accounting & Economics 40(3-Jan), 2005; 153-187

  • Equilibrium Earnings Management, Incentive Contracts, And Accounting Standards

    Contemporary Accounting Research 21(3), 2004; 685-717

  • Accounting In Partnerships

    (author(s): Steven Huddart, Pierre Liang)
    American Economic Review 93(2), 2003; 410-414

  • Accounting Recognition: An Information Content Perspective

    Accounting Horizons 15(3), 2001; 223-242

Working Papers

  • Accounting Information, Renegotiation, and Debt Contracts

    (author(s): Pingyang Gao, Pierre Liang)

  • Mitigating Supplier Default Risk: Information and the Demand for Trade Credit

    (author(s): Austin Sudbury, Pierre Liang)

  • The Real Effect of Financial Reporting: A Quantitative Assessment

    (author(s): Pierre Liang, Bo Sun, Xuan Tam)

  • Disagreement and Discretionary Monetary Policy

    (author(s): Pierre Liang, Gaoqing Zhang, Marvin Goodfriend)

  • New Classical Income Measurement: A Choice-Theoretic Axiomatic Approach

    (author(s): Jeremy Bertomeu, Pierre Liang)

University Service

  • TEPPER Online-Hybrid Faculty Steering Committee, Committee Chair, Provide program and policy advice to the administration on the OH MBA program (2015 - )
  • International Strategy Working Group, Task Force Member, Attend and contribute to International Strategy Working Group meeting organized by Vice Provost Jimmy Hsia of Carnegie Mellon (2015 - )
  • TEPPER Accelerate Faculty Steering Committee, Committee Member (2015 - )
  • ProSEED/Simon Initiative Seed Grants Review Committee, Grant Proposal Reviewer, Internal, Evaluate and contribute to ProSEED/Simon Grant review organized by Simon Initiative at Carnegie Mellon (2018 - 2018)
  • Faculty Recruiting Committee (Accounting area), Committee Chair (2017 - 2018)
  • TEPPER PTOH Head Search Committee, Committee Member (2017 - 2017)
  • TEPPER Strategic Planning Committee for Education, Committee Member (2016 - 2017)
  • Faculty Recruiting Committee (Accounting area), Committee Chair (2016 - 2017)
  • ProSEED/Simon Initiative Seed Grants Review Committee, Grant Proposal Reviewer, Internal, Evaluate and contribute to ProSEED/Simon Grant review organized by Simon Initiative at Carnegie Mellon (2017 - 2017)
  • ProSEED/Simon Initiative Seed Grants Review Committee, Grant Proposal Reviewer, Internal, Evaluate and contribute to ProSEED/Simon Grant review organized by Simon Initiative at Carnegie Mellon (2016 - 2016)
  • TEPPER FlexMBA ACADEMIC COMMITTEE, Committee Member (2013 - 2015)
  • TEPPER MBA Head Search Committee, Committee Member (2014 - 2015)
  • MBA Curriculum Change Assessment Committee, Committee Chair (2014 - 2015)
  • University Advancement Learning & Development Retreat, Guest Speaker, Presented to University Advancement staff an short lecture on Financial Statement Analysis
  • Faculty Recruiting Committee (Accounting area), Committee Chair (2013 - 2014)
  • TEPPER MBA Curriculum Review Committee, Committee Member (2010 - 2011)
  • Tepper School Dean Search Committee, Committee Member (2010 - 2011)
  • Faculty Recruiting Committee (Accounting), Committee Chair (2007 - 2011)

Public Service

  • Smart Women Securities, Guest Speaker, CMU Undergraduate student Club
  • Alpha Club, Guest Speaker, MBA student Club

Professional Activities

  • Committee Member, American Accounting Association, Publication Committee (September 2013 - August 2016)
  • Vice President, Chinese Accounting Professors' Association of North America, Executive Committee (September 2007 - August 2013)
  • Committee Member, American Accounting Association, Annual Meetings Program Advisory Committee (September 2011 - August 2012)
  • Committee Member, American Accounting Association, New Faculty Consortium Committee (September 2011 - August 2012)
  • Committee Member, American Accounting Association, Research Advisory Committee (September 2009 - August 2012)
  • Session Chair, American Accounting Association, Causal Effects in Accounting (August 2012 - August 2012)
  • Session Chair, American Accounting Association, Executive Compensation: Theory-based Investigations (August 2012 - August 2012)
  • Committee Member, Chinese Accounting Professors' Association of North America, Annual Research Conference Program Committee (September 2007 - August 2011)

Courses Taught

  • Financial and Managerial Accounting I (45700)
    • 2017 Mini 2 Section: F, M
    • 2016 Mini 2 Section: M
    • 2014 Mini 2 Section: F, M
    • 2013 Mini 1 Section: F, M
  • Seminars in Accounting (47710)
    • 2017 Mini 2 Section: 2
  • MODERN BANKS (70427)
    • 2017 Section: A
  • Financial Statement Analysis (45801)
    • 2017 Mini 4 Section: E
    • 2016 Mini 5 Section: M
    • 2015 Mini 2 Section: A
    • 2015 Mini 6 Section: E
    • 2014 Mini 1 Section: E
    • 2013 Mini 2 Section: E
  • Financial Statement Analysis (70428)
    • 2016 Section: A
  • Accounting and Information Economics I (47718)
    • 2015 Mini 1 Section: A
    • 2014 Mini 1 Section: A
  • Financial And Managerial Accounting I (45700)
    • 2015 Mini 2 Section: F, M
  • CORP FINAN REPTNG (70424)
    • 2014 Section: A
  • Accounting and Information Economics II (47719)
    • 2012 Mini 2 Section: A
  • Financial Statements of Banking Industry (45902)
    • 2012 Mini 2 Section: A