PHILADELPHIA VIDEO - Key Persons
Allison Nicoletti (2018), The effects of bank regulators and external auditors on loan loss provisions, Journal of Accounting and Economics, 66 (1).
Job Titles:
- Assistant Professor
- Accounting Department
- Assistant Professor of Accounting
- Associate Editor at the Journal of Accounting
- Professor
Professor Zhu's primary research interest is empirical financial accounting. The underlying theme of her work is that costly information acquisition has economic consequences. Her research focuses on the market for information: (1) technological advancements and their role in this market, and (2) the role of investors' and consumers' information processing costs in shaping firms' actions or regulation.
The simpler Adjusted IPT file contains a SAS macro to calculate the simpler Adjusted IPT measure, as implemented in Blankespoor, deHaan, and Zhu (2018), assumes that the daily return accumulation is immediately at open, while the more complex Adjusted IPT measure assumes even return accumulation over a given day. The Adjusted IPT file contains a SAS macro to calculate standard IPT (without the adjustment) and (the more complex) Adjusted IPT. The Simpler Adjusted IPT file contains a SAS macro to calculate alternate standard IPT (without the adjustment, assuming daily return accumulation is immediately at open) and (the simpler) Adjusted IPT. For more details on the two different assumptions, please see the Internet Appendix.
Christopher Armstrong, Yuen Kit Chau, Christopher D. Ittner, Liang (Jason) Xiao (Working), Internal Versus External Earning per Share Goals and CEO Incentives.
Christopher Armstrong, Christopher D. Ittner, David F. Larcker (Working), The Determinants and Ratings Implications of Performance Appraisal Plan Characteristics.
Job Titles:
- CFO
- Accounting Department
- EY Professor of Accounting / Chairperson, Accounting Department
Job Titles:
- Technology Support Specialist
Job Titles:
- Accounting Department
- Professor of Accounting
Daniel Taylor is the Arthur Andersen Chaired Professor at The Wharton School, and director of the Wharton Forensic Analytics Lab. He is an award-winning researcher and teacher with extensive expertise on corporate disclosures, insider trading, and fraud prediction. He has published extensively on these topics in leading academic journals; led seminars at dozens of top business schools across the globe; and won numerous academic and industry awards.
Prof. Taylor seeks to conduct research that can drive meaningful changes to society, its laws, and enforcement of those laws. His research frequently appears in the business media and has been cited in rules and regulations promulgated by the SEC. His research on the trading of corporate insiders and associated disclosures was the driver behind the SEC's decision to mandate electronic reporting of Form 144 filings; the SEC's decision to amend Rule 10B5-1 and associated regulations covering pre-planned trades; and the introduction of the Holding Foreign Insiders Accountable Act in the US Senate.
His research is relevant to a variety of practitioners and regulators seeking to understand, detect, and deter white-collar crime. He has provided consulting services related to best practices in corporate disclosure, 10B5-1 trading plans, statistical analysis of stock prices and trading activity, and fraud prediction. In addition, he has co-developed and licensed intellectual property related to parsing SEC filings. His consulting clients include the DoJ, hedge funds, plaintiff and defense firms, and a Big 4 auditor.
Professor Taylor teaches a cutting-edge undergraduate course--Forensic Analytics--that applies state-of-the-art analytic tools to corporate disclosures, and teaches undergraduate and doctoral seminars on data analysis. His doctoral students have gone on to become faculty at a variety of leading business schools, including Stanford, MIT, and Chicago. He received his bachelor's degree from University of Delaware, his master's from Duke University, and his PhD from Stanford University.
Job Titles:
- Professor Emeritus of Accounting
Job Titles:
- Administrative Coordinator
Job Titles:
- Assistant Professor
- Assistant Professor of Accounting
James Li, Olivia S. Mitchell, Christina Zhu (Working), Household Investment in 529 College Savings Plans and Information Processing Frictions.
Mirko Heinle teaches Managerial Accounting in the undergraduate program. He joined the Wharton School in 2011 after receiving his doctoral degree from the University of Mannheim, Germany. Mirko's research interests concern accounting disclosure in capital markets, the regulatory process of such disclosure, and internal capital allocation. Current research includes the disclosure of risk related information, the effect of regulatory uniformity on lobbying incentives, and the optimal allocation of non-monetary resources.
Job Titles:
- Analyst
- Accounting Department
- Professor
Professor Fischer's research spans two areas of interest: the acquisition and dissemination of information in capital markets, and the design of incentive systems within and between firms. His capital market research has considered the impact of accounting disclosures on security prices, manager disclosure behavior, investor information gathering strategies, pricing bubbles, and the economic determinants and consequences of heuristic behaviors. His research on the design of incentive systems has examined the roles played by insider trading restrictions, risk management activities, peer evaluation systems, monitoring systems, and social norms. His research has appeared in The Accounting Review, Contemporary Accounting Research, Journal of Accounting and Economics, Journal of Accounting Research, Review of Accounting Studies, Journal of Finance, Management Science, and The American Economic Review.
Professor Fischer is currently serving as an editor for Review of Accounting Studies, where he previously was the managing editor. He has also served as a special editor for The Accounting Review, an associate editor for Management Science, and been a member of the editorial boards of The Accounting Review and the Journal of Accounting and Economics.
Professor Fischer teaches Financial Accounting and Financial Analysis. He is currently a Professor at the University of Pennsylvania Wharton School of Business. Previously, he was a Professor and Department Chair at Penn State University. He has also previously taught at the University of British Columbia, Shanghai Jiao Tong University, and Stanford University. He received his PhD from the University of Rochester and his BS degree from Duke University.
Job Titles:
- Main & Co, Term Associate Professor, 1988 - 1991
- Mitchell and Co
Job Titles:
- Accounting Department
- Professor of Accounting
- Professor of Financial Management
The goal of Prof. Jennifer Blouin's class on Taxes and Business Strategy isn't to make students tax experts. Instead, she wants students to develop a framework for understanding how taxes affect business decisions. "Anyone in business is going to deal with tax issues at some point whether they want to…
Job Titles:
- Accounting Department
- Professor of Accounting
Professor Lambert's research examines topics within financial and managerial accounting. In particular, he explores how information is related to the cost of capital in firms and how firms use information for performance evaluation. His articles have appeared in The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Rand Journal of Economics, and Strategic Management Journal.
Professor Lambert previously taught at the Kellogg School at Northwestern University and the Graduate School of Business at Stanford University. He received a Ph.D. from Stanford University in 1982, an MS in Statistics from Stanford in 1980, and a B.E.E. in Electrical Engineering from the Georgia Institute of Technology in 1977.
Richard A. Lambert (2004), Discussion of analysts' treatment of non-recurring items in street earnings and loss function assumptions in rational expectations tests on financial analysts' earnings forecasts, Journal of Accounting and Economics, (December), pp. 205-222.
Abstract: This article discusses papers by Gu and Chen, "Analysts' Treatment of Non-recurring Items In Street Earnings" and by Basu and Markov, "Loss Function Assumptions in Rational Expectations Tests on Financial Analysts' Earnings Forecasts." These two papers address issues associated with the rationality or expertise of analysts, and both papers interpret their evidence as supporting the hypothesis that analysts do a good job of processing information and forecasting earnings, results that contrast with a growing literature that is critical of the incentives and abilities of analysts. My article critiques their methods and conclusions, and suggests areas for future research.
Job Titles:
- Professor of Accounting
- Professor of Financial Management
Job Titles:
- Accounting Department
- Accounting Standards, Financial Reporting Outcomes and Enforcement, Journal of Accounting Research, Vol. 47, No. 2 ( May ), Pp. 447 - 458
- Nomura Securities Company Professor of Accounting and Finance
Robert W. Holthausen is the Nomura Securities Company Professor of Accounting and Finance. Prior to coming to Wharton, he was a Professor of Accounting and Finance at the Graduate School of Business of the University of Chicago. He earned his doctorate at the University of Rochester where he also earned his M.B.A. Prior to his academic career, he was a C.P.A. working at Price Waterhouse and he was also in the finance group at Mobil.
Professor Holthausen is widely published in both finance and accounting journals. His research has studied the effects of management compensation and governance structures on firm performance, the effects of information on volume and prices, corporate restructuring and valuation, the effects of large block sales on common stock prices, and numerous other topics. His research has appeared in such journals as the Journal of Accounting and Economics, The Accounting Review, the Journal of Accounting Research, the Journal of Finance and the Journal of Financial Economics. He has served in various editorial capacities for all five journals listed above; either as consulting editor, associate editor, editorial board member or reviewer. He is currently an editor of the Journal of Accounting and Economics.
His teaching has been concentrated in the areas of investment management and valuation. Currently, his primary teaching responsibility is for the valuation class he developed. He has teaching experience at the undergraduate, M.B.A., and Ph.D. levels and has won teaching awards from both the undergraduate and M.B.A. students at Wharton, including the David J. Hauck award. He is currently the academic director of Wharton's Mergers and Acquisitions program.
Professor Holthausen has consulted with a variety of companies. His specific consulting engagements are varied and include such diverse activities as serving as a compensation consultant to a Fortune 500 Company, consulting with an investment company in the development of fundamental trading rules used to manage equity portfolios and performing valuation analysis in a variety of situations.
Job Titles:
- Accounting Department
- Professor of Accounting
- Yageo Professor of Accounting
Professor Guay's research focuses on the design of executive compensation contracts, stock-based incentives, corporate governance, financial reporting quality, the corporate information environment, firm valuation. His articles have appeared in Journal of Accounting & Economics, Journal of Accounting Research, Accounting Review, Journal of Financial Economics, Journal of Finance, American Economic Review, Michigan Law Review, and Economic Policy Review. His research on stock option accounting and valuation was selected by the Financial Executive Research Foundation as the 2002 Article of the Year in The Accounting Review. He currently serves as an editor of the Journal of Accounting & Economics.
Professor Guay teaches the Core MBA Course on financial accounting. He received a PhD in Accounting from the Simon School of Business at the University of Rochester in 1998.