MARY ELLEN CARTER

Assistant Professor of Accounting

The Wharton School

University of Pennsylvania

1313 Steinberg Hall – Dietrich Hall

Philadelphia, PA 19104

(215) 898-7125

carterme@wharton.upenn.edu

EDUCATION AND CERTIFICATION

Massachusetts Institute of Technology, Cambridge, Massachusetts

Ph.D. in Management, June, 1998

Dissertation:

Boston College, Chestnut Hill, Massachusetts

Master of Business Administration, May 1993

Babson College, Wellesley, Massachusetts

Bachelor of Science in Accounting, May 1988

Certified Public Accountant, Commonwealth of Massachusetts, 1991.

BUSINESS EXPERIENCE

Coopers & Lybrand, Boston, Massachusetts

Senior Associate, August 1988 - August 1991

TEACHING POSITIONS

The Wharton School, University of Pennsylvania

Assistant Professor of Accounting, July 2002 - Present

MBA Introductory Financial Accounting Course (ACCT620): Fall 2002, Fall 2003, Fall 2004, Fall 2005, Fall 2006.

Columbia Business School, Columbia University

Assistant Professor, July 1998 – June 2002

MBA Introductory Financial Accounting Course (Accounting 6013): Fall 1998, Fall 1999, Fall 2000, Fall 2001.

RESEARCH

Articled Published in Refereed Journals

Carter, M.E., Lynch, L. and S. Zechman. “Changes in Bonus Contracts in the Post-Sarbanes-Oxley Era”, Review of Accounting Studies, forthcoming.

Carter, M.E., Lynch, L. and I. Tuna. “The Role of Accounting in the Design of CEO Equity Compensation”, The Accounting Review, March 2007.

Carter, M.E. and L. Lynch. “The Effect of Stock Option Repricing on Employee Turnover”, Journal of Accounting and Economics, February 2004: 91-112.

Balachandran, S., Carter, M.E. and L. Lynch, “Sink or Swim: Firms’ Responses to Underwater Options”, Journal of Management Accounting Research, 2004: 1-18.

Carter, M.E. and L. Lynch. “The Consequences of the FASB’s 1998 Proposal on Accounting for Stock Option Repricing”, Journal of Accounting and Economics, April 2003: 51-72.

Carter, M.E. and L. Lynch. “An Examination of Executive Stock Option Repricing”, Journal of Financial Economics, August, 2001: 207-225.

Carter, M.E. and B. Soo. “The Relevance of Form 8-K Reports”, Journal of Accounting Research, Spring 1999: 119-132.

Carter, M.E. and G. Manzon, Jr. “Evidence on the Role of Taxes on Financing Choices: Consideration of Mandatorily Redeemable Preferred Stock”, Journal of Financial Research, Spring 1995: 103-114.

Working Papers

Carter, M.E., and J. Blouin. “The Economics of Restricted Stock and Section 83(b) Elections”, September 2007.

Carter, M.E., Ittner, C. and S. Zechman. “Relative Performance Evaluation in Performance-Vested Equity Grants”, June 2007.

Carter, M.E. and L. Lynch. “Agency Issues in Compensation Contract Design: Evidence from the Change in Accounting for Stock Option Repricing”, May 2007.

Carter, M.E., Soo, B. and V. Zamora. “Market Assessment of Recognition versus Disclosure in the Accounting for Stock-Based Compensation”, February 2007.

Bushee, B., Carter, M.E., and J. Gerakos. “Institutional Investor Preferences for Corporate Governance Mechanisms”, October 2007.

Other Publications

Carter, M.E. and G. Trompeter. “Prior Period Adjustments”, Encyclopedia of Accounting, ed. A. R. Abdel-Khalik, Blackwell Publishing, London, 1997: 237-238.

PROFESSIONAL ACTIVITIES

• Ad hoc Reviewer: Journal of Accounting and Economics, The Accounting Review, Journal of Accounting Research, Review of Accounting Studies, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Management Accounting Research, Journal of Accounting and Public Policy, Journal of Accounting, Auditing and Finance, Journal of Economics and Business, American Accounting Association Annual Meeting. American Accounting Association Management Accounting Section Meeting

• AAA / Trueblood Seminars Committee member (2004-2005); Chair (2005-2006).

• AAA Notable Contributions Screening Committee (2002-2003).

• Discussant, Financial Economics and Accounting Conference (1998, 2000, 2001, 2005), American Finance Association Annual Meeting (2001), Financial Management Association Annual Meeting (2004), American Accounting Association Annual Meeting (2005, 2007)

• Panelist, “SFAS 123R Implementation Issues and Effect on Compensation Design” Conference, Temple University (2005)

• Panelist, “Fundamental Research Issues Raised by International Corporate Governance Comparisons", American Accounting Association Annual Meeting (2007)

• Dissertation Defense Committee: Andrew Anabila (Pace University).

PAPERS ACCEPTED AT CONFERENCES

• American Accounting Association – Annual Meeting (2001; 2002; 2003; 2005)

• American Accounting Association – Management Accounting Conference (2000; 2002; 2003; 2004; 2005; 2006)

• American Accounting Association – Financial Accounting and Reporting Section Conference (2005)

• Australian Graduate School of Management Summer Conference (2006)

• European Accounting Association Conference (2006, 2007)

• Frank Batten Young Scholars Forum in Accounting, The College of William and Mary (2003)

• Financial Economics and Accounting Conference (1999, 2005)

• London Business School Accounting Symposium (2007)

• University of Utah Winter Accounting Conference (2003)

INVITED PRESENTATIONS

• Babson College (2004)

• Bank of Japan (2000)

• Boston College (2001, 2006)

• University of Chicago (2002)

• CUNY, Baruch College (1998)

• Columbia University (1998)

• University of Connecticut (1999)

• Duke University (2002)

• George Washington University (2000)

• Harvard University (1998, 2004)

• IESE, University of Navarra (1999)

• Massachusetts Institute of Technology (2001)

• University of Michigan (2001)

• New York University (1999, 2005)

• University of North Carolina (1998)

• Ohio State University (1998, 2006)

• University of Oregon (2007)

• University of Pennsylvania (2001)

• Penn State University (2006)

• Rice University (2004)

• University of Rochester (1998)

• Rutgers University (2002)

• Southern Methodist University (2005)

• Syracuse University (2002)

• Temple University (1999, 2005)

• Texas A & M University (1999)

• Waseda University (2000)

• Washington University (1998)

• University of Washington (2003)

• Yale University (1998)

SCHOOL SERVICE

• The Wharton School Graduate Core Committee (2002-2003; 2003-2004)

• Columbia Business School Admissions Committee (2001-2002)

• Columbia Business School Economics Division Search Committee (1999-2000; 2001-2002)

• Columbia Business School Teaching Quality Committee (2000-2001)

• Organizing Burton Workshop and Fall Seminar Series (1999)

PROFESSIONAL AFFILIATIONS

• American Institute of Certified Public Accountants

• American Accounting Association

HONORS AND AWARDS

• Glenn McLaughlin Prize for Research in Accounting Ethics (6^th Annual) for “The Relation between Executive Compensation and Earnings Management: Changes in the Post-Sarbanes-Oxley Era”

• Miller-Sherrerd MBA Core Teaching Award, 2005.

• “Tough, but we’ll thank this professor in five years” MBA Teaching Award,

2004, 2005, 2006, 2007.

• Eugene Lang Junior Faculty Research Fellowship, 2000.

• Arthur Andersen Doctoral Dissertation Fellowship, 1997.

• American Accounting Association Doctoral Consortium Fellow, 1996.