The following faculty members who are transitioning to emeritus status this year collectively represent 136 years of teaching and research excellence:
Chao-Shin Liu, associate professor of Accountancy, joined Notre Dame in 1998. Chao won numerous teaching awards during his tenure and published research in the area of market reactions to public information.…
Hal White's paper, Spillover Effects of Mandatory Portfolio Disclosures on Corporate Investment, was accepted by the Journal of Accounting & Economics.
The researchers find that investment sensitivity to stock price declines for firms with significant ownership held by actively managed funds that have to disclose their portfolio investments more frequently. The effect is concentrated among firms that are (i) owned by funds with larger expected proprietary costs and (ii) more likely to learn from the information in price. The results suggest that portfolio disclosure requirements for money managers have spillover effects on corporate investment by curtailing corporate managers’ opportunities to learn from their firms’ stock price.…
Mendoza Outstanding Professor Awards honor the faculty members in each department who exhibit sustained excellence in undergraduate teaching in her or his discipline.
James Dincolo Outstanding Undergraduate Professor Award – Accountancy
James Dincolo Outstanding Teaching Awards…
Accountancy's Hal White's paper "Spillover Effects of Mandatory Portfolio Disclosures on Corporate Investment” was accepted by the Journal of Accounting & Economics.…
Accountancy's Jessica Watkins' new research was featured in the Accounting Today article, Companies distract from bad news with unrelated news.…
Andy Imdieke, assistant professor of Accountancy, received the American Accounting Association's 2023 Deloitte Foundation Wildman Medal Award for his co-authored paper, “The Revival of Large Consulting Practices at the Big 4 and Audit Quality," published in the November 2020 issue of Accounting, Organizations and Society…
The Accounting Review has accepted Jessica Watkins', Assistant Professor of Accountancy, paper Consequences of Prescribed Disclosure Timeliness: Evidence from Acceleration of the Form 8-K Filing Deadline . The paper examines an SEC regulatory change that accelerates the Form 8-K filing deadline. After the change, firms likely to be constrained by the accelerated deadline exhibit increases in information asymmetry between investors and investor disagreement at the 8-K filing date. Moreover, these increases appear to be attributable to a decline in 8-K disclosure detail. The findings shed light on the costs of a prescriptive approach to enhanced disclosure timeliness of ongoing disclosure. Congratulations, Jessie!…
Congratulations to Andy Imdieke, Assistant Professor of Accountancy for his winning research, The Distraction Effect of Non-audit Services on Audit Quality…
John Donovan has been promoted to associate professor of Accountancy. John, who also is a PwC faculty fellow, researches financial accounting with a focus on the use of accounting and financial reporting in debt and equity markets. He has taught Measurement & Disclosure I and Data Analytics in Accounting. Prior to joining the faculty, John worked as a certified public accountant at PwC. A “Double Domer,” he earned his BBA and MSA from Notre Dame, and his Ph.D. from Washington University in St. Louis. Congratulations, John!…
Accountancy's Stephannie Larocque and Andy Imdieke were invited to serve on The Accounting Review editorial board effective June 1.…
John Donovan's paper "Contracting in the Dark: The Rise of Public-Side Lenders in the Syndicated Loan Market" was accepted for publication in the Journal of Accounting and Economics. Congratulations, John!…
John Donovan's (Assistant Professor of Accountancy) paper, Financial Reporting and Entrepreneurial Finance: Evidence from Equity Crowdfunding has been accepted in Management Science.
The study examines the role of accounting in entrepreneurial finance and provides evidence that greater financial statement disclosure increases capital raised through equity crowdfunding. The research also documents that financial reporting is incrementally more important in raising entrepreneurial capital when the firm has longer historical operations, during periods of greater macroeconomic uncertainty, and when complemented by other sources of non-financial disclosure.…
Andy Imdieke's paper "Does the Presence of an Internal Control Audit affect Firm Operational Efficiency?" was accepted for publication in Contemporary Accounting Research. Congratulations, Andy!…
Brad Badertscher's, Deloitte Professor of Accountancy, paper, Assurance Level Choice, CPA Fees, and Financial Reporting Benefits: Inferences from U.S. Private Firms has been accepted by the Journal of Accounting & Economics
Many U.S. private firms choose either a financial statement compilation or review rather than the higher assurance provided by an audit, yet little is known about these choices. Brad and co-authors find that assurance choices are associated with bank debt, trade credit and internal information reliability. They explore economic aspects of assurance choice and find that CPA fees more than double for each increment in assurance, yet the financial reporting benefits are similar for audits and reviews.…
Brad Badertscher's paper, "Assurance Level Choice, CPA Fees, and Financial Reporting Benefits: Inferences from U.S. Private Firms," was accepted by the Journal of Accounting & Economics with a publication date of February 2023.…
Some banks say interest income sensitivity disclosures are useless. Jessica Watkins’ research shows otherwise.
“We found that analyst forecasts were more accurate in projecting future net income when banks provided the disclosures, relative to banks that did not provide them,” Watkins said, “with the caveat that we can only assess the accuracy of the disclosure for the banks that provide them.” Because not all banks disclose their net income sensitivity, Watkins and her co-authors acknowledge the possibility of selection bias; perhaps the banks that choose to disclose are simply better at predicting the impact of interest rate shocks than the banks that don’t disclose. Although they attempted to control for this selection bias, Watkins admits their findings would be stronger if all banks were required to issue the disclosure.
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New research from Accountancy's John Donovan showcases how U.S. regulations may actually be hindering startups' ability to raise capital more than it helps. “Financial Reporting and Entrepreneurial Finance: Evidence from Equity Crowdfunding…
Andy Imdieke was quoted in the Wall Street Journal's Morning Ledger about his new research co-authored with Erik Beardsley that examines whether non-audit services to clients can help improve audit quality.…
Erik Beardsley's and Andy Imdike's working paper with Tom Omer, "Too Much of a Good Thing? Evidence of a Nonlinear Association Between Non-Audit Services and Audit Quality," was recently cited in the Wall Street Journal's CFO Journal. Please see the article at https://cfo.cmail20.com/t/ViewEmail/d/49D3620DC31CA0962540EF23F30FEDED/0334350EAAFC5D3505AF428974F65BCD?alternativeLink=False. …
Stephannie Larocque's latest research, “Filling in the GAAPs in Individual Analysts’ Street Earnings Forecasts” was accepted by Management Science. A short abstract is below:
Analysts’ street earnings forecasts are an important source of market information that are sometimes based on GAAP earnings and sometimes based on non-GAAP earnings. In their paper, “Filling in the GAAPs in individual analysts’ street earnings forecasts,” the researchers examine the implications of variation across analysts in the earnings metric they forecast (i.e., GAAP vs. non-GAAP) for the same firm/quarter. They find that differences in the earnings metric forecasted is an important source of variation that predicts not only a lower earnings surprise but also lower stock returns and a lower earnings response.…