Chloe L. Xie

According to new research from assistant professor Chloe Xie and co-author, "on average, AI-using accountants support 55% more clients per week compared to non-users, enabling them to broaden their client service scope. These accountants also log more billable hours, indicating that AI helps convert previously non-productive time into client-facing work."

In a new research paper on a famous hacking spree, assistant professor Chloe Xie examined the returns of those who traded on stolen press releases in a case prosecuted by U.S. authorities. "The performance of these informed traders reveals that, even with perfect foresight of the information in earnings announcements, predicting short-window announcement returns is difficult," she said.

A new study by assistant professor Chloe Xie and co-author challenges the idea that AI is here to simply replace accountants. "If you think about the early adoption of anything, there is generally some trade-off between quantity and quality," Xie said. "Whereas in this instance, perhaps surprisingly, the trade-off is not so sharp. That's probably most related to the fact that the technology is not here to replace the human being — it's here to augment the experts who are already in place."

It turns out that funds tend to obfuscate high fees with unnecessary complexity in their disclosures, according to a new paper.