Education and Professional Designations:
Pennsylvania State
University; Ph.D. in Business
Administration, May 1996;
Concentration in Accounting
Pennsylvania State University; M.B.A.; May 1987; Concentration in
Finance
Shippensburg University;
B.S.B.A.; May 1984; Accounting
Certified
Management Accountant (CMA)
Certified Internal Auditor
(CIA)
Publications:
"Earnings-Based Bonus Plans and Earnings Management by Business
Unit Managers” with Flora Guidry and Andrew
Leone, 1999, Journal of Accounting and Economics 26-1, 113-142.
"Analyst Following and Count-Data Econometrics” with Stanley Sedo
and Michael Willenborg,
2001, Journal of Accounting and Economics 30-3, 351-373.
"Empirical Tests of Budget Ratcheting and its Effect on
Managers’ Discretionary Accrual Choices” with Andrew Leone,
2002, Journal of Accounting and Economics 33-1, 43-67.
"Value Line and I/B/E/S Earnings Forecasts" with Sundaresh
Ramnath and Phil Shane,
2005, International Journal of
Forecasting 21-1, 185-198.
“Earnings Management to Minimize Superfund Cleanup and
Transactions Costs” with Derek Johnston,
2005, Contemporary Accounting
Research 22-3, 617-642.
“Disclosure of Intended Use
of Proceeds and Underpricing in Initial Public
Offerings” with Andrew Leone and Michael Willenborg,
2007, Journal of Accounting Research,
45-1, 111-153.
“Do Analysts at Independent
Research Firms Make Better Earnings Forecasts?” with John Jacob
and David Weber, 2008, Journal of Accounting, Auditing, and Finance,
23-1, 23-61.
“A Review of Research
Related to Financial Analysts Forecasts and Stock Recommendations”
with Sundaresh Ramnath
and Phil Shane, Foundations and Trends in Finance, 2-4, 311-421.
“Financial Analyst
Forecasting Literature: A Taxonomy with Trends and Suggestions for Further
Research” with Sundaresh Ramnath and Phil Shane, International Journal of
Forecasting, 24, 34-75.
Current Working Papers:
“Inventory Writedowns
in the Semiconductor Industry” with Hui
Chen, Sundaresh
Ramnath and Srini Rangan.
"Numbers Games? A Natural Experiment Investigating Three (Ir)regularities
in Reported Earnings Per Share" with Bjorn Jorgensen and Yong Lee.
“Economic Consequences
Associated with Expensing Stock Options: The Effects of Eliminating
Executive Stock Option Plans on Subsequent Operating Performance and
Executive Turnover” with
Derek Johnston.
"Responsible for Legitimacy: Corporate Social Responsibility as a
Generalized Mechanism for Supporting Firm Outcomes and Behavior" with
Mat Hayward.
“The Disciplining Effect of Analysts’ CFO Forecasts on
Earnings Management” with Yanhua Yang.
"An Empirical Investigation of the Impact of Timely Interim
Reviews: Evidence of Earnings Quality and Market Response
Behavior" with Kevin Raedy.
Research in Progress:
“Professional Experts, Earnings Management and IPO Underpricing
and Long-Run Returns” with Stephan Fafatas
and Chris Yung.
"Habitual Earnings Guidance and the Market Response to Meeting or
Beating Analyst Forecasts" with Brian Burnett.
"Audit Service Demand Shocks and Audit Quality" with Brian Burnett
and Katherine Gunny.
"The Value Relevance of Earnings in CSI Securities" with Brian
Burnett and Greg Martin.
"Management Hubris and Management Forecasts" with Mat Hayward,
Bjorn Jorgensen, and Kai Larsen.
“The mosaic of corporate
monitoring and the level of abnormal accruals” with Derek
Johnston.
Presentations and
Involvements:
American Accounting Association Annual Meetings (1997) - presented "Earnings-Based
Bonus Plans and Earnings Management by Business Unit Managers"
American Accounting Association Annual Meetings (1999) - presented
"Analyst Following and Count-Data Econometrics"
American Accounting Association Annual Meetings (2005) - presented
"Conflicts of Interest and
Research Quality: Evidence from Earnings Forecasts"
Presentations at the following Universities: University of Colorado,
University of Connecticut, Florida State University, University of New
Hampshire, Oklahoma State University, University of Oregon, Penn State -
Capital Campus, Syracuse University, Virginia Polytechnic Institute and
State University (Virginia Tech), University of Washington
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