Pingyang Gao studies disclosure regulation, accounting standards setting, incentive and contracting, and equity valuation. He has taught MBA- and PhD-level courses at Yale University and lectured in the China Professional Manager Qualification Program. Gao's paper, "Keynesian Beauty Contest, Accounting Disclosure, and Market Efficiency," which won the Best Paper Award of 2007 AAA Northeast Regional Meeting, is published in Journal of Accounting Research. Another paper, "Disclosure Quality, Cost of Capital, and Investors' Welfare," published in The Accounting Review, was...