RESEARCH
Research Interests:
- Disclosure policies
- Earnings management
- Corporate governance
- Stock-price-relevance of financial and non-financial data
Publications:
- "Financial Whistle-Blowing: Target Firm Characteristics and Economic
Consequences" (with A. Call and S. Rajgopal). The
Accounting Review,
July 2010.
- "Analyst Coverage and the Cost of Raising Equity Capital:
Evidence from the Underpricing of Seasoned Equity Offerings" (with
X. Chen and Q. Cheng). Contemporary Accounting Research, Fall 2008, pp.
657-700.
- "Accounting Discretion, Corporate Governance and Firm
Performance" (with S. Rajgopal and M. Venkatachalam). Contemporary
Accounting Research, Summer 2008, pp. 351-405.
- "Emphasis on Pro
Forma versus GAAP Earnings in Quarterly Press Releases: Determinants,
SEC intervention, and Market Reactions" (with A. Davis and D. Matsumoto).
The Accounting Review, October 2005, pp. 1011-1038.
- "Determinants
of Revenue-Reporting Practices for Internet Firms" (with A. Davis
and S. Rajgopal). Contemporary Accounting Research, Winter 2002, pp.
523-562.
- "Do Conference Calls affect Analysts’ Forecasts?" (with
A. Davis and D. Matsumoto). The Accounting Review, April 2002, pp. 285-316.
- "Evidence
on EVA" (with G. Biddle and J. Wallace), Journal
of Applied Corporate Finance, 1999, vol. 12, no. 7, Summer, pp 8-18. Also published in Corporate
Governance at the Crossroads: A Book of Readings by D. Chew and S. Gillan,
McGraw-Hill, 2004.
- "Economic Value Added: Some EVAdence" (with
G. Biddle and J. Wallace), Managerial Finance, 1998, vol 24, no. 11,
pp. 60-71.
- "Does EVA beat Earnings? Evidence on associations with
stock returns and firm values" (with G. Biddle and J. Wallace),
Journal of Accounting and Economics, December 1997, pp. 301-336.
- "Stakeholders'
Implicit Claims and Accounting Method Choice" (with L. DuCharme
and D. Shores), Journal of Accounting and Economics, December 1995, pp.
255-295.
- "Intra-industry Market Reactions to Failures of Publicly-Held
Savings and Loans" (with W. Blacconiere), Journal
of Accounting, Auditing and Finance, Fall 1993, pp. 369-397.
- "Determinants of
the Timing of Quarterly Earnings Announcements" (with M. Johnson,
T. Shevlin and D. Shores), Journal of Accounting,
Auditing and Finance,
Fall 1992, pp. 395-422.
- "Determinants of Regulatory Accounting
Principles in the Savings and Loan Industry" (with W. Blacconiere,
S. Sefcik and C. Stinson), Journal of Accounting
and Economics, July
1991, pp. 167-201.
- "Informational Efficiency and the Information
Content of Earnings during the Stock Market Crash of 1987" (with
M. Johnson and T. Shevlin), Journal of Accounting
and Economics, July
1989, pp. 225-254.
- "Tax Incentives and the Expensing of Indirect
Manufacturing Costs in the Steel Industry" (with E. Noreen), Accounting
Horizons, March 1989, pp. 29-42.
- "The Year-End LIFO Purchase Decision:
The Case of Farmer Brothers Company" (with G. Pfeiffer), The
Accounting Review, January 1989, pp. 152-171.
- "The Incremental Information
Content of Accrual Versus Cash Flow Data," (with D. Burgstahler
and L. Daley), The Accounting Review, October 1987, pp. 723-747.
- "Evidence on the Relationships Between Earnings and Various Measures
of Cash Flow" (with D. Burgstahler and L. Daley), The
Accounting Review, October 1986, pp. 713-725.
- "Intra-Industry Effects of the
Accident at Three Mile Island" (with R. Castanias and L. Daley),
Journal of Financial and Quantitative Analysis, March 1983, pp. 87-11.
- "Evidence
on the Existence and Determinants of Inter-Industry Differences in Leverage" (with
L. Daley and C. Huber, Jr.), Financial Management, Winter 1982, pp. 10-20.
- "Editorial
and Publication Lags in the Accounting and Finance Literature" (with
G. Sundem), The Accounting Review, October 1982, pp. 778-784.
- "Valuation
of Earnings Components Resulting from Interperiod Tax Allocation" (with
L. Daley) Collected Abstracts of the American Accounting
Association's Annual Meeting, American Accounting Association, Sarasota, Florida, August
16-28, 1982, pp. 26-27.
- "Determinants of the Corporate Decision
to Capitalize Interest" (with E. Noreen and J. Lacey), Journal
of Accounting and Economics, Vol. 3, No. 3, October 1981, pp. 154-179.
- "Valuation
of Earnings Components in the Electric Utility Industry," The
Accounting Review, January 1981, pp. 1-22.
Work in Progress:
Permanent Working Papers:
- "Is the whole greater than the sum of its parts? Evidence of synergies
in earnings versus EVA®" (with G. Biddle and J. Wallace).
- "Valuation
of Earnings Components Resulting From Interperiod Tax Allocation" (with
L. Daley).
- "A Model of the Economic Effects of Alternative Compensation
Techniques for Capital Devoted to Construction by Rate Regulated Firms."
- "Determinants
of Economic and Accounting Components of Residual Income: An Application
to the Pharmaceutical Industry" (with D. Shores).
- "Economic
and Industry Determinants of Accounting Method Choice" (with L.
DuCharme and D. Shores).
Research and other Awards:
- Glen McLaughlin Research Prize for Research in Accounting Ethics
for "Financial Whistle-Blowing: Target Firm Characteristics and
Economic Consequences" (with A. Call and S. Rajgopal) May 2008.
Awarded annually by the University of Oklahoma Price College of Business.
- Best Paper Award, American Accounting Association, Accounting and Financial
Reporting Section, 1999, for "Does EVA® beat Earnings? Evidence
on Associations with Stock Returns and Firm Values"
- University
of Washington Business School Dean’s Research Award, 1999
- American
Accounting Association Competitive Manuscript Award, 1979, for "Valuation
of Earnings Components in the Electric Utility Industry"
Other Honors and Awards:
- Foster School All Star, 2010-11
- Ron Crocket Award for Academic Excellence, 2010
- PricewaterhouseCoopers & Alumni Professorship in Accounting,
2006 – current
- Herbert O. Whitten Professorship in Accounting, 1997
– 2006
- John B. and Delores L. Fery Endowed Faculty Fellowship, 1992
– 1995
- Seafirst Faculty
Excellence Award, 1990
- First Interstate Faculty Award, 1987
