Leo Tang | Lehigh Business

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id="content"></div> <div data-drupal-messages-fallback class="hidden"></div> <main role="main" class="clearfix"> <a id="main-content" tabindex="-1"></a> <div class="directory-wrapper"> <section class="directory-profile" role="region" aria-label="directory profile"> <nav class="breadcrumb" role="navigation" aria-labelledby="system-breadcrumb"> <h2 id="system-breadcrumb" class="visually-hidden">Breadcrumb</h2> <ol> <li> <a href="/">Home</a> </li> <li> <a href="/directory">Directory</a> </li> </ol> </nav> <div class="sidebar-profile"> <h1><span class="field field--name-title field--type-string field--label-hidden">Leo Tang</span> </h1> <h2> Assistant Professor </h2> <div class="main-profile"> <div class="az-profile"> <div class="az-profile-image"> <a href=""> <picture> <source srcset="/sites/default/files/styles/profile_circle_xl_1/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=uxBLzlii 1x, /sites/default/files/styles/profile_circle_xl_1_5/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=tJ2cKpDh 1.5x" media="(min-width: 1200px)" type="image/jpeg" width="107" height="107"/> <source srcset="/sites/default/files/styles/profile_circle_lg_1/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=0oic339t 1x, /sites/default/files/styles/profile_circle_lg_1_5/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=J23bKklo 1.5x" media="(min-width: 992px)" type="image/jpeg" width="107" height="107"/> <source srcset="/sites/default/files/styles/profile_circle_md_1/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=aba6ApmE 1x, /sites/default/files/styles/profile_circle_md_1_5/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=PkknovSt 1.5x" media="(min-width: 768px)" type="image/jpeg" width="107" height="107"/> <source srcset="/sites/default/files/styles/profile_circle_sm_1/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=aIt-r_ci 1x, /sites/default/files/styles/profile_circle_sm_1_5/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=ZduWfOuf 1.5x" media="(min-width: 576px)" type="image/jpeg" width="107" height="107"/> <source srcset="/sites/default/files/styles/profile_circle_xs_1/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=Om8dk7wR 1x, /sites/default/files/styles/profile_circle_xs_1_5/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=pxnk_R_F 1.5x" media="all" type="image/jpeg" width="107" height="107"/> <img loading="eager" src="/sites/default/files/styles/profile_circle_xs_1/public/profile/2019-08/Tang_Leo.JPG?h=fd78e878&itok=Om8dk7wR" alt="Leo Tang" /> </picture> </a> </div> <div class="az-profile-info"> <p> <a href="/departments/accounting" hreflang="en">Accounting</a> <br>Office: RBC 337 <br> <a href="mailto:let416@lehigh.edu">let416@lehigh.edu</a> <br> <a href="tel:610-758-2922">610-758-2922</a> </p> </div> </div> <div class="profile-details"> <h3>Courses Taught</h3> <ul class="courses"> <li>Introduction to Financial Accounting</li> <li>Accounting for Managers</li> </ul> </div> </div> <div class="profile-links"> </div> <p class="cta"> <a href="/sites/default/files/cv/2021-08/Tang__Leo_updated%20cv.pdf" class="button " role="button">Curriculum Vitae</a> </p> </div> </section> <section class="directory-details" role="region" aria-label="directory details"> <div class="accordion-item"> <h2 class="accordion-button"> <button aria-expanded="false"> <span> Biography </span> </button> </h2> <div class="accordion-text" hidden> <p>Professor Tang's research interests in the area of financial accounting have been uniquely shaped by his work experience in the debt markets. His background at both Moody’s and MBIA has allowed him to understand the intricacies of credit ratings and the overall bond market. This experience has motivated him to study how regulatory reforms impact rating properties and how various factors may affect rating accuracy. His current projects focus on understanding credit rating informativeness from a theoretical perspective and the determinants of municipal bond costs.</p> </div> </div> <div class="accordion-item"> <h2 class="accordion-button"> <button aria-expanded="false"> <span> Background </span> </button> </h2> <div class="accordion-text" hidden> <h4>Education</h4> <ul> <li>Rutgers University, B.S.</li> <li>Columbia University, M.I.A.</li> <li>Rutgers University, Ph.D.</li> </ul> <h4>Research Interests</h4> <ul> <li>Debt Markets</li> <li>Credit Rating Agencies</li> <li>Municipal Accounting</li> </ul> </div> </div> <div class="accordion-item"> <h2 class="accordion-button"> <button aria-expanded="false"> <span> Publications </span> </button> </h2> <div class="accordion-text" hidden> <ul> <li>"The Impact of Dodd-Frank on Credit Ratings", with Valentin Dimitrov and Darius Palia. <em>Journal of Financial Economics</em>, Volume 115, Issue 3, March 2015, Pages 505-520.</li> <li>"Geographic Location of the Firm and Credit Rating Accuracy", with Bikki Jaggi. <em>Journal of Accounting, Auditing and Finance</em>, April 2017, Pages 155-181. (Lead Article)</li> <li>“Social Capital and the Municipal Bond Market” with Pei Li and Bikki Jaggi. <em>Journal of Business Ethics</em>, December 2018, 153(2), 479-501.</li> <li>“Investor-Paid Ratings and Conflicts of Interest” with Pei Li and Marietta Peytcheva. <em>Journal of Business Ethics</em>, May 2020, 163(2), 365-78. </li> <li>“Are Investors Fixated on Credit Ratings? Reinterpreting the Municipal Bond Recalibration”, with Pei Li, <em>Finance Research Letters</em>, Jan 2021, 38, 101449.</li> </ul> </div> </div> </section> </div> </main> <footer class="footer" role="contentinfo"> <div class="footer-top"> <div class="university-info"> <div class='college-logo'> <picture class="image lehigh-logo"> <a href="https://www.lehigh.edu" class="logo__link"> <img class="web" src="/themes/custom/college_of_business/styleguide-assets/images/lehigh-logo.svg" alt="Lehigh University logo" /> <img class="print" src="/themes/custom/college_of_business/styleguide-assets/images/lehigh-logo-print.jpg" alt="Lehigh University logo" /> <span class="sr-only">Go to homepage</span> </a> </picture> <div class="college-name"> <a href="/">College of Business</a> </div> </div> <address class="address">Business Innovation Building | 201 E. 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