PHD Student-Faculty Research Collaborations

We are committed to working with Ph.D. students during the doctoral program. Close working relationships with faculty members while at Wharton are an excellent learning experience, and the established relationships can continue throughout the student’s career. Our program is designed to provide students with opportunities to interact with faculty early in the program and to get started on relevant research. Two required elements of the program are the workshop colloquium and the first year research assistantship.

Workshop colloquium: The workshop colloquium (ACCT 991 and ACCT 992) is a weekly one-hour faculty led discussion for all Accounting doctoral students. Second and third year students are required to attend (first year students are strongly encouraged to attend if their course schedule permits). In most weeks, the discussion is centered on the research paper that an outside speaker is presenting to the department. In weeks that we do not have an outside speaker, the discussion relates to research of the faculty discussion leader or one of the PhD students.

First year research assistantship: First-year doctoral students are assigned to a faculty member as a research assistant in the spring semester (approximately ten hours per week). Faculty members propose possible projects to the Ph.D. coordinator, and students are matched to those projects with the student’s interests and skill development needs in mind. The assistantship encourages working relationships between faculty and students and provides personal training in research skills outside of the classroom setting.

Following is a list of representative publications and working papers between Accounting Department faculty members and current and former Ph.D. students.

Students are highlighted in bold.

Armstrong, Chris, Stephen Glaeser, Sterling Huang, and Daniel Taylor, The Economics of Managerial Taxes and Corporate Risk-Taking, conditionally accepted in The Accounting Review, 2018.

Heinle, Mirko, Kevin Smith, and Robert E. Verrecchia, Risk-Factor Disclosure and Asset Prices, forthcoming in The Accounting Review, 2018.

Armstrong, Christopher, Stephen Glaeser and John Kepler, Strategic Reactions in Corporate Tax Avoidance, 2nd round at Journal of Accounting & Economics, 2018.

Guay, Wayne, John Kepler, and David Tsui, The Role of Executive Cash Bonuses in Providing Individual and Team Incentives, 2nd round at The Accounting Review, 2018.

Armstrong, Christopher, Stephen Glaeser and John Kepler, Accounting Quality and the Transmission of Monetary Policy, 2nd round at Journal of Accounting & Economics, 2018.

Hail, Luzi, Ahmed Tahoun, and Clare Wang, Corporate Scandals and Regulation, forthcoming in Journal of Accounting Research, 2018.

Bushee, Brian, Joseph Gerakos, and Lian Fen Lee, Corporate Jets and Private Meetings with Investors, Journal of Accounting & Economics 65, 2018.

Dewenter, Kathryn, Cathy Schrand, and Clare Wang, The impact of currency risk on US MNCs: Evidence from currency crises, forthcoming in Critical Finance Review, 2018.

Park, Stella, Frank Zhou and Cathy Schrand, Management forecasts in crowded markets, working paper, 2018.

Chen Kevin and Wayne Guay, Busy Directors and Shareholder Satisfaction, Working Paper, 2018.

Heinle, Mirko and Kevin Smith, A Theory of Risk Disclosure, Review of Accounting Studies 22 (4), 2017: 1459–1491.

Bushee, Brian, Thomas Keusch, and Jessica Kim-Gina, Co-opetition and the Firm’s Information Environment, Working Paper, 2017

Glaeser, Stephen, Jeremy Michels, and Robert Verrecchia, Discretionary Disclosure and Manager Horizon, Working Paper, 2017.

Armstrong, Christopher, Jacky Chau, Christopher Ittner, and Jason Xiao, Internal Versus External Earnings Per Share Goals and CEO Incentives, Second Round R&R at The Accounting Review, 2017.

Armstrong, Christopher, Carlo Gallimberti, and David Tsui, The Screening and Incentive Roles of Input-Based and Output-Based Covenants, Second Round R&R at Journal of Accounting & Economics, 2017.

Bushee, Brian, Theodore Goodman, and Shyam V. Sunder, Financial Reporting Quality, Investment Horizon, and Institutional Investor Strategies, Third Round R&R in The Accounting Review, 2017.

Armstrong, Christopher, Stephen Glaeser and Sterling Huang, Controllability of Risk and the Design of Incentive-Compensation Contracts, Working Paper, 2017.

Armstrong, Christopher, John Kepler and David Tsui, Inelastic Labor Markets and Directors’ Reputational Incentives, Working Paper, 2017.

Armstrong, Christopher and Kevin Chen, Hierarchical Linear Models of Executive Compensation and Incentives, Working Paper, 2017.

Bushee, Brian, Michael Jung, and Greg Miller, Do Investors Benefit from Selective Access to Management?, Journal of Financial Reporting 2, 2017.

Fischer, Paul, Mirko Heinle, and Kevin Smith, Constrained Listening, working paper 2017.

Friedman, Henry and Mirko Heinle, Influence activities, coalitions, and uniform policies, working paper 2017.

Guay, Wayne, Delphine Samuels, and Daniel Taylor, Guiding Through Fog: Financial Statement Complexity and Voluntary Disclosure, Journal of Accounting & Economics, 2016.

Friedman, Henry and Mirko Heinle, Taste, Lobbying and Uniform Disclosure Regulation, Journal of Accounting Research 54 (3), 2016: 863–893.

Friedman, Henry and Mirko Heinle, Taste, Information, and Asset Prices: Implications for the Valuation of CSR, Review of Accounting Studies 21 (3), 2016: 740–767.

Bushee, Brian and Henry Friedman, Disclosure Standards and the Sensitivity of Returns to Mood, Review of Financial Studies 29 (3), 2016: 787-822.

Hail, Luzi, Stephanie Sikes, and Clare Wang, Cross-Country Evidence on the Relation between Capital Gains Taxes, Risk, and Expected Returns, Journal of Public Economics 151, 2016: 56-73.

Guay, Wayne, Daniel Taylor, and Jason Xiao, Adapt or Perish: Evidence of CEO Adaptability to Industry Shocks, Working Paper, 2015.

Hail, Luzi, Ahmed Tahoun, and Clare Wang, Dividend Payouts and Information Shocks, Journal of Accounting Research 52 (2014): 403-456.

Balakrishnan, Karthik, Cathy Schrand, and Rahul Vashishtha, Analyst recommendations, traders’ beliefs, and rational speculation, Working Paper, 2014.

Bushee, Brian, Mary Ellen Carter, and Joseph Gerakos, Institutional Investor Preferences for Corporate Governance Mechanisms, Journal of Management Accounting Research, 26 (2), 2014: 123-149.

Rogers, Jonathan, Cathy Schrand, and Sarah Zechman, Do managers tacitly collude to withhold industry-wide bad news?, Working Paper, 2014.

Gerakos, Joseph, Christopher Ittner, and Frank Moers, Compensation Objectives and Business Unit Pay Strategy, Working paper, 2014.

Cassar, Gavin, Christopher Ittner, and Ken Cavalluzzo, Alternative Information Sources and Information Asymmetry Reduction: Evidence From Small Business Debt, Journal of Accounting and Economics, forthcoming.

Armstrong, Christopher, and Terrence Blackburne, Discussion of ‘Do Voting Rights Matter? Evidence from the Adoption of Equity-Based Compensation Plans, Contemporary Accounting Research, 29 (Winter 2012): 1237-1248.

Armstrong, Christopher and Rahul Vashishtha, Executive Stock Options, Differential Risk-Taking Incentives, and Firm Value, Journal of Financial Economics, 104 (2012): 70-88.

Schrand, Catherine and Sarah Zechman, Executive Overconfidence and the Slippery Slope to Financial Misreporting, Journal of Accounting and Economics, 53 (2012): 311-329.

Bushee, Brian, Michael Jung, and Greg Miller, Conference Presentations and the Disclosure Milieu, Journal of Accounting Research, 49 (2011): 1163-1192.

Bushee, Brian, John Core, Wayne Guay, and Sophia Hamm, The Role of the Business Press as an Information Intermediary, Journal of Accounting Research, 48 (2010): 1-19.

Carter, Mary Ellen, Christopher Ittner, and Sarah Zechman, Explicit Relative Performance Evaluation in Performance-Vested Equity Grants, Review of Accounting Studies (Best Paper Award, 2008 RAST Conference), 2009.

Cassar, Gavin and Henry Friedman, Does Self-Efficacy Affect Entrepreneurial Investment?,Strategic Entrepreneurship Journal 3 (2009): 243-262.

Core, John E., Wayne R. Guay, and Rodrigo S. Verdi, Is Accruals Quality a Priced Risk Factor? Journal of Accounting and Economics 46 (2008): 2-22.

Bushee, Brian and Ted Goodman, Which Institutional Investors Trade on Private Information about Earnings and Returns?, Journal of Accounting Research 45 (2007): 289-321.

Gerakos, Joseph, Christopher Ittner, and David Larcker, The Structure of Performance-Vested Stock Option Grants, in R. Antle, P. Liang, and F. Gjesdahl (eds.), Essays on Accounting Theory in Honour of Joel S. Demski, Springer, 2007.

Ittner, Christopher, David Larcker, and Mina Pizzini, Performance-Based Compensation in Member-Owned Firms, Journal of Accounting and Economics, December 2007.

Core, John E., Wayne R. Guay, Scott A. Richardson, and Rodrigo S. Verdi, Stock Market Anomalies: What Can We Learn from Repurchases and Insider Trading? Review of Accounting Studies 11 (2006): 49-70.

Core, John E., Wayne R. Guay, and Tjomme O. Rusticus, Does Weak Governance Cause Weak Stock Returns? An Examination of Firm Operating Performance and Investors’ Expectations, Journal of Finance 56 (2006): 655-687.

Core, John E., Wayne R. Guay, and Rodrigo S. Verdi, Agency Problems of Excess Endowment Holdings in Not-For-Profit Firms, Journal of Accounting and Economics 41 (2006): 307-333.