School of Accountancy
Associate Professor (with tenure)
PhD, University of California at Berkeley; 1998
MS, University of California at Berkeley, 1997
BA, Princeton University, 1990
Market -based accounting research; Effects of accounting regulatory changes; earnings management and debt covenants; voluntary disclosure and information asymmetry
American Accounting Association, Washington DC,
INSEAD Interalpha Banking Programme
“Human Capital Risk and CEO Compensation” with Woo-Jin Chang and Rachel Hayes. Under third round review at Management Science.
“Directors’ and Officers’ Legal Liability Insurance, Audit Pricing, and Litigation Risk” with Hyeesoo H. Chung and Jinyoung P. Wynn. Under second round review at the Journal of Accounting and Public Policy.
“Earnings Management to avoid Debt Covenant Violations” with Scott Dyreng, Stephen Hillegeist, and Fernando Penalva. Under review at Contemporary Accounting Research.
“Principles vs. Rules and the information environment: the case of SFAS 95” with Stephen Brown, Stephen Hillegeist, and Steven Orpurt. Under review at Journal of Accounting and Public Policy.
“Competition and Tax Avoidance Activities” with Jenny Brown, Claudia Custodio, and Eugenia Yeh.
“Insider Trading at Loss Firms” with Lyungmae Choi and Lucile Faurel.
Academic Positions Held
Arizona State University: 2010-present.
Northwestern University, Kellogg School of Management: 1998-2005
“The Incentives of Compensation Consultants and CEO Pay.” Journal of Accounting and Economics, vol. 49, No. 3 (April 2010), 263-280.
“The Effect of Earnings Surprises on Information Asymmetry,” Journal of Accounting and Economics, vol. 47, No. 3 (June 2009), 208-225.
“How Disclosure Quality Affects the Level of Information Asymmetry,” Review of Accounting Studies, vol. 12, No. 2-3 (September 2007), 443-477.
“Conference Calls and Information Asymmetry,” Journal of Accounting and Economics, vol. 37, No. 3 (August 2004), 343-366.
“Assessing the Probability of Bankruptcy,” Review of Accounting Studies, vol. 9, No. 1 (March 2004), 5-34.
“Financial Reporting and Auditing Under Alternative Damage Apportionment Rules,” The Accounting Review, vol. 74, No. 3 (July 1999), 347-369.
ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.
ACC 503 - Managerial Accounting
Managerial accounting concepts and procedures for internal reporting applied to the decision making activities of the professional managers.