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Jenny Chu

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Jenny Chu.

Associate Professor in Accounting
Academic Director, Wo+Men’s Leadership Centre
Deputy Director, Centre for Financial Reporting & Accountability (CFRA)
Fellow, Cambridge Endowment for Research in Finance (CERF)

JM Keynes Fellow in Financial Economics, University of Cambridge

BBA (University of Michigan, Ann Arbor), MBA (University of California, Berkeley), PhD (University of California, Berkeley)

Research interests

Stock markets and financial information disclosure (earnings quality and capital market reactions to accounting information); sell-side analysts; management incentives and compensation; gender diversity.

Subject group: Accounting

Professional experience

Jenny combines teaching and research with a background in investment banking and portfolio management. She worked on corporate finance and M&A transactions for technology companies at Credit Suisse in Silicon Valley. She later transitioned into a portfolio management role at the hedge fund division of Barclays Global Investors (now Blackrock). Her research has been published in academic journals such as Management Science, as well as covered by the popular press such as the Financial Times, the New York Times, and the Wall Street Journal.

Awards & honours

  • Best Paper Award (for “Auditor university education: does it matter?” with A. Florou and P.F. Pope), European Accounting Review, 2022
  • J M Keynes Fellowship in Financial Economics Award, University of Cambridge, 2022-2024
  • Cambridge Judge Business School Teaching Award, 2019
  • Competitive Paper in Corporate Finance Award (for “Do compensation consultants enable higher CEO pay? New evidence from recent disclosure rule changes” with J. Faasse and P.R. Rau), FMA, 2015
  • Cambridge Judge Business School Teaching Award, 2013
  • Crawford Research Assistant Fellowship Award, University of California, Berkeley, 2008
  • CJ White Investment Banking Scholarship, University of California, Berkeley, 2004
  • Alumnae Council Scholarship, University of Michigan, Ann Arbor, 1999-2000
  • Class Honors, University of Michigan, Ann Arbor, 1997-2000
  • Phi Kappa Phi Honor Society

Selected publications

Here are a selection of Jenny Chu’s publications. Please see the “Selected publications” tab above for a more comprehensive list.

Resick, C.J., Nadkarni, S., Chu, J., Chen, J., Lien, W.-C., Margolis, J.A. and Shao, P. (2023) “I did it my way: CEO core self-evaluations and the environmental contingencies on firm risk taking strategies.” Journal of Management Studies (DOI: 10.1111/joms.12872) (published online Sep 2022)

Chu, J., Florou, A. and Pope, P. (2022) “Auditor university education: does it matter?” European Accounting Review, 31(4): 787-818 (DOI: 10.1080/09638180.2020.1866633)

Chu, J., Gupta, A. and Livne, G. (2021) “Pay regulation – is more better?” Accounting and Business Research, 51(1): 1-35 (DOI: 10.1080/00014788.2020.1815515)

Chu, J., He, Y., Hui, K.W. and Lehavy, R. (2020) “New product announcements, innovation disclosure, and future firm performance.” Social Science Research Network Working Paper.

Chu, J. (2019) “Accruals, growth, and future firm performance.” Abacus, 55(4): 783-809 (DOI: 10.1111/abac.12177) (also available online via the SSRN)

Chu, J., Dechow, P.M., Hui, K.W. and Wang, A.Y. (2019) “Maintaining a reputation for consistently beating earnings expectations and the slippery slope to earnings manipulation.” Contemporary Accounting Research, 36(4): 1966-1998 (DOI: 10.1111/1911-3846.12492) (also available online via the SSRN)

Journal articles

Chu, J., Faasse, J. and Rau, P.R. (2018) “Do compensation consultants enable higher CEO pay? A disclosure rule change as a separating device.” Management Science, 64(10):4915-4935 (DOI: 10.1287/mnsc.2017.2845) (available online via the SSRN)

Chu, J. (2019) “Accruals, growth, and future firm performance.” Abacus, 55(4): 783-809 (DOI: 10.1111/abac.12177) (also available online via the SSRN)

Chu, J., Dechow, P.M., Hui, K.W. and Wang, A.Y. (2019) “Maintaining a reputation for consistently beating earnings expectations and the slippery slope to earnings manipulation.” Contemporary Accounting Research, 36(4): 1966-1998 (DOI: 10.1111/1911-3846.12492) (also available online via the SSRN)

Chu, J., Gupta, A. and Livne, G. (2021) “Pay regulation – is more better?” Accounting and Business Research, 51(1): 1-35 (DOI: 10.1080/00014788.2020.1815515)

Chu, J., Florou, A. and Pope, P. (2022) “Auditor university education: does it matter?” European Accounting Review, 31(4): 787-818 (DOI: 10.1080/09638180.2020.1866633)

Resick, C.J., Nadkarni, S., Chu, J., Chen, J., Lien, W.-C., Margolis, J.A. and Shao, P. (2023) “I did it my way: CEO core self-evaluations and the environmental contingencies on firm risk taking strategies.” Journal of Management Studies (DOI: 10.1111/joms.12872) (published online Sep 2022)

Working papers

Chu, J., Florou, A. and Pope, P.F. (2019) “Auditor education: does it matter?” Social Science Research Network Working Paper.

Chu, J., He, Y., Hui, K.W. and Lehavy, R. (2020) “New product announcements, innovation disclosure, and future firm performance.” Social Science Research Network Working Paper.

‘My way’? Not always. Why CEOs are not all cocky and overconfident

New study co-authored by Jenny Chu of Cambridge Judge Business School challenges the popular portrayal of CEOs as overconfident risk-seekers down each…

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Number crunching

Auditors are certified, so does educational background matter? A new study co-authored at Cambridge Judge finds it does, as those with quantitative…

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Getting to grips with financial terminology

Dr Jenny Chu shares five reasons why it’s important for senior managers to have an understanding of finance and accounting, even if…

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Leadership lessons in Lebanon

Dr Nasser Saidi says Lebanon needs reform and good government to turn the troubled country around. Dr Nasser Saidi, Founder and President…

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Female representation in top management

Firms that boost female representation at the top often use such 'organisational licencing' to become complacent in recruiting more women, says study…

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The Wo+Men’s Leadership Centre

One year on from the passing of Professor Sucheta Nadkarni, Cambridge Judge Business School ensures Sucheta's memory lives on with the continued…

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Balancing act

Fifth annual Wo+Men's Leadership Conference at Cambridge Judge Business School focussed on 'Building Balance' through gender diversity and better workplace policies. The…

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What motivates a firm to manipulate earnings?

A strong CEO and an increase in institutional shareholding both play a role in the likelihood of earnings manipulation, linked to beating…

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‘Form over substance’ in new UK company reporting rules?

New UK disclosure rules did not curb CEO pay or improve pay-performance link, but instead led to "opportunistic reporting" for reputation management,…

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Too good to be true?

There is a clear connection between earnings manipulation and a string of consecutive "beats" of analyst expectations, finds study co-authored at University…

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CEO pay paper award

Research on the link between compensation consultants and higher CEO pay wins Corporate Finance award from the Financial Management Association. A research…

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Compensation consultants lead to higher CEO pay

Consultants a 'justification device' for higher executive pay, says study at Cambridge Judge Business School. A study of more than 1,000 US…

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Six reasons why … star performers are bad for the bottom line

Everyone – shareholders, board members, even colleagues – loves a star performer. But how many deliver on the top hire promise? CJBS…

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Bloomberg Tax: EY consulting split aims to free firm from ethics crackdown

Tighter ethics regulations are holding back the growth of Ernst & Young’s lucrative consulting business, a key reason firm leaders are considering…

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Forbes: Five female leaders share their advice on how to be more financially savvy

Dr Jenny Chu, University Senior Lecturer in Accounting at Cambridge Judge Business School, comments on how women can be more financially savvy.…

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Financial Times: How to spot companies at risk of earnings manipulation

Dr Jenny Chu, University Lecturer in Accounting at Cambridge Judge Business School, comments on her new study on corporate earnings manipulation. The…

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European Business Review: We need a greater focus on the benefits women in top executive roles bring to companies

Sucheta Nadkarni, Sinyi Professor of Chinese Management at Cambridge Judge Business School, discusses women’s leadership in business and why companies need to…

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Business Because: Harvard Business School is helping women break into the boardroom

Harvard Business School is launching an executive education course to help senior female managers break into the boardroom. “Unconscious bias is detrimental…

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Cambridge Business Magazine: Theresa May won’t like this…

New UK disclosure rules did not curb CEO pay or improve pay-performance link, but instead led to “opportunistic reporting” for reputation management,…

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The Wall Street Journal: The morning risk report: CEO-employee pay ratio disclosure no panacea

In an article about US companies disclosing the ratio of a CEO’s compensation package to that of an average employee, Dr Jenny…

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Financial Times: UK disclosure rules tying CEO pay and performance not working

New UK disclosure rules did not curb CEO pay or improve pay-performance link, but instead led to “opportunistic reporting” for reputation management,…

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Cambridge Business Magazine: Gender diversity and executive roles

Term limits for directors and gender diversity rules in corporate governance codes help improve female representation in top executive roles, but quotas…

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LexisNexis: Strategies to get women into senior roles – does any of it work?

Term limits for directors and gender diversity rules in corporate governance codes help improve female representation in top executive roles, but quotas…

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The Wall Street Journal: Earnings season: Time to tweak Warren Buffett’s maxim

The research on earnings manipulation co-authored by Dr Jenny Chu, University Lecturer in Accounting at Cambridge Judge Business School, featured in the…

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Business Times Singapore: Diversity works

Lee Suet-Fern looks at gender diversity in boardrooms in Singapore and why it’s important to have more women in senior roles. The…

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Reuters Breakingviews: Boardroom gender quotas have hidden value

Term limits for directors and gender diversity rules in corporate governance codes help improve female representation in top executive roles, but quotas…

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Business Standard: Targets with teeth

Gender quotas in boardrooms is not the best way to retain women in senior positions, according to a new study led by…

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The Scotsman: Workplace pay statistics make disheartening reading

Study led by Sucheta Nadkarni, Sinyi Professor of Chinese Management at Cambridge Judge, finds that quotas make no real difference to female…

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City AM: International Women’s Day 2016: Sorry, but quotas aren’t the way to get more women into executive roles

Term limits for directors and gender diversity rules in corporate governance codes help improve female representation in top executive roles, but quotas…

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Cambridge Business Magazine: Earnings manipulation unmasked

If a company “beats” analyst expectations for a series of consecutive reporting periods, some sceptics might wonder if the numbers are simply…

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Reuters Breakingviews: Beat surrender

A study co-authored by Jenny Chu, University Lecturer in Accounting at Cambridge Judge Business School, shows how companies that manipulate their results…

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The Economist: How companies massage their profits to beat market forecasts

Executives have every incentive to match or beat forecasts as the market punishes those that fail to do so. That, in turn,…

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The Economist: Executive compensation: If you hire them, pay will come

The research on executive pay by Cambridge Judge’s Professor Raghu Rau, Dr Jenny Chu and PhD Jonathan Faasse is featured second time…

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The Times: Hiring pay ‘experts’ brings rich rewards for chief executives

Further coverage of research by Cambridge Judge's Professor Raghavendra Rau, Dr Jenny Chu and PhD candidate Jonathan Faasse. The research shows that…

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The Economist: If you hire them, pay will come

A new research shows that companies hire compensation consultants ‘as a justification device for higher executive pay.’ The research by Cambridge Judge…

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New York Times: Dealbook: More transparency, more pay for CEOs

A research study by Cambridge Judge Business School's Dr Jenny Chu, Jonathan Faasse and Professor Raghavendra Rau, shows "a direct link between…

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The Harvard Law School Forum on Corporate Governance & Financial Regulation: New evidence on compensation consultants and CEO pay

In 2013, CEOs in S&P 500 firms were paid, on average, over 200 times the average worker's salary in their firms. To…

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Financial Times: Women working in financial education

The biggest challenge as a woman in Finance is the small representation of women in general in the industry. I approached the…

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Contact details

Jenny Chu
Cambridge Judge Business School
University of Cambridge
Trumpington Street
Cambridge CB2 1AG
UK

Tel: +44 (0)1223 766892

[email protected]