Zhiyan Cao, Ph.D

Associate Professor
Campus Box
Yale University

Zhiyan Cao earned her doctorate in Accounting from Yale University in 2006. Her research interests are primarily in the relation between corporate governance, shareholder litigation, managerial and board incentives, and financial reporting. Her teaching interests include financial accounting, financial reporting, financial statement analysis and corporate governance.

Scholarly Interests

Research Interests:

  • Financial Reporting
  • Litigation Risk
  • Corporate Governance
  • Corporate Bankruptcy

Teaching Interests:

  • Financial Accounting
  • Financial Statement Analysis
  • Corporate Governance

Current Scholarly Topics:

  • Litigation Risk
  • Director and Officer Liability Insurance
  • Management Forecasts
  • Corporate Governance
Current Research

Selected Publicatons

  1. Cao, Z., Leng, F., Feroz, E., and Davalos, S. (2015). "Corporate Governance and Default Risk of  Firms Cited in the SEC's Accounting and Auditing Enforcement Releases," Review of Quantive Finance and Accounting, Vol. 44, No. 1, pp. 13-138.
  2. Davalos, S., Leng, F., Feroz, E., and Cao, Z. (2014). "Combining Heterogeneous Bankruptcy Classifiers Using if-then Rules: A Genetic Algorithm Approach," Intelligent Systems In Accounting, Finance and Management, Vol. 21, No. 3, pp. 461-491.
  3. Cao, Z., and Narayanamoorthy, G. S. (2014). "Accounting and Litigation Risk: Evidence from Directors' & Officers' Insurance Pricing." Review of Accounting Skills, Vol. 19, No. 1, pp. 1-49. 
  4. Cao, Z., and Narayanamoorthy, G. S. (2011). "The Effect of Litigation Risk on Management Earnings Forcasts," Contemporary Accounting Research, Vol. 28, No. 1, pp. 12
  5. Leng, F., Feroz, E., Davalos, S., and Cao, Z. (2011). "The Long Term Performance and Failure Risk of Firms Cited in the US SEC's Accounting and Auditing Enforcement Releases," Journal of Business Finace and Accounting, Vol. 38, No. 7-8, pp. 813-841
  6. Cao, Z., and Kimbaro, M. (2011). "Does Voluntary Corporate Citizenship Pay? An Examination of the United Nation's Global Compact," International Journal of Accounting & Information Management, Vol. 19, No. 3, pp. 288-303.
  7. Davalos, S., Leng, F., Feroz, E., and Cao, Z. (2009). "Bankruptcy Classification of Firms Investigated by the US Securities and Excange Commission: An Evolutionary Adaptive Ensemble Model Approach," Interantional Journal of Applied Decision Sciences, Vol. 2, No. 4, pp. 360-388.
Honors and Awards
  • Fan Fellowship, Yale University (2000-2004)
  • Doctoral Consortium Fellow, American Accounting Associtation (2003)
  • Coca-Cola Scholarship. The CIty of Shanghai (2000)
  • Distinguished Graduate Award, Fudan University (2000)
  • Asia Forum Scholarship, Japan Airlines Foundation (1999)
  • Distinguished Student Award, Fudan University (1998 & 1999)
  • American Accounting Association
  • American Finance Association
  • American Economic Association