News

Beardsley Paper Accepted by Contemporary Accounting Research

Author: Lorie Marsh

Erik Beardsley’s paper, “Street vs. GAAP: Which Effective Tax Rate is More Informative?,” coauthored with Michael Mayberry (University of Florida) and Sean McGuire (Texas A&M), has been accepted for publication in Contemporary Accounting Research. Here is the abstract:

 

This study investigates how sophisticated market participants use tax-based information by examining whether analysts’ street effective tax rates (ETRs) are informative. When assessing firm performance, analysts exclude items they believe do not reflect current performance, resulting in “street” metrics such as street ETR. However, evidence on the properties of the components of street earnings is limited. Examining the informativeness of street ETRs is important because taxes are a significant component of earnings, and the extent to which analysts understand and incorporate taxes into their analyses is not clear. Using a hand-collected sample of analyst reports, we find that while 

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Murphy Paper Accepted by Journal of Business Law and Ethics Pedagogy

Author: Lorie Marsh

Tonia Murphy’s paper, “Law in the Time of Coronavirus: How and Why to Cover Coronavirus Disruptions in a Business Law or Legal Environment Course,” has been accepted for publication in Journal of Business Law and Ethics Pedagogy (Vol. 3(1)). Here is the abstract:

 

Businesses face an array of legal challenges connected with the 2020 coronavirus pandemic. Students will have natural interest in relating the virus that has upended their lives to course material. This paper advises on best practices for teaching in the aftermath of traumatic events. It contains materials and specific suggestions for covering coronavirus-related issues throughout a Business Law or Legal Environment course. It links to over fifty resources, including video clips, court rulings, government and law firm advisories, news reports, law reviews, company press releases, and actual contracts.  

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Chorvat Becomes Editor at JAAR

Author: Lorie Marsh

Elizabeth Chorvat has been appointed to the Editorial Board of the Journal of Applied Accounting Research. She serves as Editor of the Taxation / International Taxation Section.…

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Beardsley Paper Accepted

Author: Lorie Marsh

Erik Beardsley's entitled "Audit Office Industry Diversity and Audit Quality," co-authored with Nathan Goldman at North Carolina State University and Tom Omer at the University of Nebraska-Lincoln was accepted for publication at the Journal of Accounting, Auditing, and Finance.…

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Donovan Paper Accepted by Management Science

Author: Lorie Marsh

John Donovan’s paper, "Financial Reporting and Entrepreneurial Finance: Evidence from Equity Crowdfunding," has been accepted for publication at Management Science. Here is the abstract:

 

I study the role of accounting and financial reporting in entrepreneurial finance by examining whether financial statement disclosure increases capital raised through equity crowdfunding. On average, I find a positive association between financial reporting and capital raised, suggesting that accounting reduces information asymmetry with potential investors. Additionally, the importance of financial reporting in equity crowdfunding varies predictably in the cross-section. Specifically, financial reporting is associated with greater capital raised when the firm has longer historical operations, during periods of higher macroeconomic uncertainty, and when complemented by detailed shareholder agreements. Finally, using a mediation analysis, I find evidence that financial reporting is indirectly

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Imdieke Paper accepted by Accounting, Organizations and Society

Author: Lorie Marsh

Andy Imdiekes paper, “The Revival of Large Consulting Practices at the Big 4 and Audit Quality,” co-authored with Dain Donelson (University of Texas at Austin), Matthew Ege (Texas A&M University), and Eldar Maksymov (Arizona State University), has been accepted for publication at Accounting, Organizations and Society

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Recent Donovan Paper to be Published in RAST

Author: Lorie Marsh

John Donovan, whose paper, “Measuring credit risk using qualitative disclosure,” co-authored with Jared Jennings (Washington University), Kevin Koharki (Purdue), and Josh Lee (BYU), has been accepted for publication at Review of Accounting Studies. Here is the abstract:

 

We use machine learning methods

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Larocque new President-Elect of AAA FARS

Author: Lorie Marsh

Stephannie Larocque  has been elected as President-Elect of the Financial Accounting and Reporting Section (FARS) of the American Accounting Association. FARS serves over 1,600 members of the accounting academic community. Stephannie will serve as the FARS President-Elect in 2020-21, President in 2021-22, and Past President in 2022-23. As FARS President, she will chair the FARS Executive Committee and will appoint FARS members to committees and task forces. Stay tuned … she may be asking you to volunteer! In addition, Stephannie will be responsible for leading the organization of the 2023 FARS Midyear Meeting.…

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Larocque Appointed to CAR Editorial Board

Author: Lorie Marsh

Please join me in congratulating Stephannie Larocque, who has been recently appointed to the Editorial Board of Contemporary Accounting Research. Stephannie's term spans from April 2020 to December 2022. 

 …

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In The News - Teaching Awards

Author: Lorie Marsh

Congratulations, teaching award winners!

Teaching and research are core to our mission to develop leaders who contribute to human flourishing, cooperate with others in solidarity and who compete toward becoming the best version of themselves through serving others.

 

We are pleased to recognize the following faculty:

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Ramanan Work Published

Author: Lorie Marsh

Congratulations to Ram Ramanan, who recently had two papers published:

  • An analysis of trading volume response to regulatory events affecting major coal mining firms, (with Matthew Hayes and Kirk Phillipich) Oil, Gas & Energy Quarterly, Vol. 67,  No. 3, 2019, pp. 435-444.           
  • An inter-temporal analysis of the volatility of oil spot prices and CEO compensation in the oil and gas industry, (with Kirk Phillipich and Junghyun Lee) Oil, Gas & Energy Quarterly, 

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Milani Article Published

Author: Lorie Marsh

Ken Milani’s article, “Seeking shelter: Pondering the potential and problems,” co-authored with Richard Rodriguez, was recently published in the October 2019 issue of The Tax Magazine. Richard is a Double Domer, with both undergraduate and MSA degrees from ND.

 

Abstract: As federal income tax rates drop and the individual alternative minimum tax (AMT) decreases or disappears, the appeal of and interest in tax shelters appears to be diminishing. When one adds the "target marketing" of shelters to the mix, it's easy to understand why many practitioners find themselves with little or no experience or exposure to the potential and the problems of tax shelters. Nonetheless, increased IRS scrutiny of investments that allow for tax avoidance, and at times tax evasion continues. This heightened level of attention generates investigations that focus on whether or not an offering is an "abusive tax shelter." Questions are posed such as: Does the investment have beneficial societal outcomes? Are the tax benefits exaggerated? All of these elements combine in a manner that makes it important for tax practitioners to understand the benefits and the blemishes of tax shelters.…

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Badertscher Paper Accepted at Journal of Management Accounting Research

Author: Lorie Marsh

Brad Badertscher's paper, Private versus public corporate ownership: Implications for future changes in profitability, has been accepted by the Journal of Management Accounting Research.

Abstract: Managers have long debated the implications of public and private corporate ownership; however, little empirical research has provided insight into the issue. Among their findings, Brad and his co-authors discovered robust evidence that public firms are associated with significantly lower future changes in operating profitability compared to private firms matched on current profitability, size, growth and industry. The results provide insight for managers and investors into the differential future changes in profitability of public versus private firms and into the factors that drive the differential profitability.…

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Badertscher Promoted

Author: Lorie Marsh

Accountancy's Brad Badertscher was appointed as the Deloitte and Touche Professor of Accountancy as of January 1, 2020. Congratulations, Brad!…

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Kowaleski Ethics Paper Accepted

Author: Lorie Marsh

Congratulations to Zach Kowaleski for his first-round acceptance at the Journal of Financial Economics of his paper, "Can ethics be taught? Evidence from securities exams and investment adviser misconduct," co-authored with Andrew G. Sutherland and Felix W. Vetter. The abstract follows. 
 
We study the consequences of a 2010 change in the investment adviser qualification exam that reallocated coverage from the rules and ethics section to the technical material section. Comparing advisers with the same employer in the same location and year, we find those passing the exam with more rules and ethics coverage are one-fourth less likely to commit misconduct. The exam change appears to affect advisers’ perception of acceptable conduct, and not just their awareness of specific rules or selection into the qualification. Those passing the rules and ethics-focused exam are more likely to depart employers experiencing scandals. Such departures also predict future scandals. Our paper offers the first archival evidence on how rules and ethics training affects conduct and labor market activity in the financial sector.  

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Recently Published Work

Author: Lorie Marsh

Tonia Murphy's paper "The Right of Publicity: Worth a Closer Look in the Classroom," was published in the Journal of Legal Studies Education (Vol. 36, Issue 2, Summer 2019).…

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2019 Notable Contribution to Management Accounting Literature Award

Author: Lorie Marsh

Asis Martinez-Jerez received the 2019 Notable Contribution to Management Accounting Literature Award for "The performance effect of feedback frequency and detail: Evidence from a field experiment in customer satisfaction," Journal of Accounting Research, 55/5 (December 2017): 1051-1088, co-authored with Pablo Casas-Arce and Sofia Lourenco. Asis and his co-authors were presented with this prestigious award yesterday at the American Accounting Association meeting in San Francisco.…

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Paper Acceptances

Author: Lorie Marsh

Brad Badertscher's paper, "Private versus public corporate ownership: Implications for future changes in profitability," co-authored with Kristian D. Allee and Teri L. Yohn, has been accepted for publication at the Journal of Management Accounting Research.

 

Andy Imdieke's paper, "On the relation between insider trading and going concern opinions," co-authored with Nicholas Hallman, Kyonghee Kim, and Raynolde Perreira, has been accepted for publication at Auditing: A Journal of Practice and Theory

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