Dongyoung Lee, Assistant Professor in Accounting, awarded 2019 SSHRC Insight Development Grant
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Published on: 9 Oct 2019
Congratulations to Kiwon Choi (叠颁辞尘鈥�19), Hugo Ouimet (BCom鈥�19 鈥� currently in GCPA program) and Christopher Wolf (BCom鈥�20), undergraduate scholarship recipients from the Ordre des comptables professionnels agr茅茅s du Qu茅bec.
Published on: 2 Jul 2019
Congratulations to Amanda Abrams, Faculty Lecturer, and Elliot Lifson, Professor of Practice and Desautels Faculty Advisory Board member, who were honored at McGill鈥檚 Management Convocation ceremony for their excellence in teaching at the undergraduate and graduate levels respectively.
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Published on: 29 May 2019
Congratulations to听Dongyoung Lee, Assistant Professor in Accounting, Jingjing Zhang, Assistant Professor in Accounting, and Hongping Tan, Associate Professor in Accounting, awarded 2018 SSHRC Connection Grant - 2019 Financial Accounting Research Conference: 鈥淎ccounting Disclosure, Financial Intermediaries, and Capital Market Outcomes鈥� on May 28th 鈥� 29th, 2019.
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Published on: 15 Apr 2019
Professor Desmond Tsang was recently honored at the Bravo 2019 gala for his recognition by REAL as a top real estate researcher for a second consecutive year.
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Published on: 28 Mar 2019
Professor Brian Wenzel has been awarded the 2018 AJFS Best Reviewer Award on behalf of Korean Securities Association and Asia-Pacific Journal of Financial Studies.
The award recognizes specifically Professor Wenzel鈥檚 outstanding review of an article submission to the Journal in the Corporate Finance area.
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Published on: 26 Feb 2019
Authors:听Mark T. Bradshaw, Alan G. Huang, Hongping Tan
Publication:听Journal of Accounting Research, Forthcoming
础产蝉迟谤补肠迟:听
Prior research demonstrates that a strong institutional infrastructure in a country moderates self鈥恠erving behavior of market participants. Cross鈥恈ountry economic activities have increased significantly, presenting a research opportunity to examine the relative influence of local versus foreign institutional infrastructure on individual market participants. We utilize variation in analyst鈥恈ountry location relative to covered firm location to examine institutional determinants of optimism in analyst research. Focusing on target prices, where persistent optimism is well documented, we find that analysts domiciled in countries with stronger institutional infrastructures exhibit significantly attenuated target price optimism and more value鈥恟elevant target prices. Our results demonstrate the importance of domestic country鈥恖evel institutional factors in moderating self鈥恠erving behavior of market participants engaged in cross鈥恈ountry activities.
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Published on: 15 Nov 2018
Authors:听Jorien Pruijssers, Pursey Pmar Heugens and Hans J. Van Oosterhout
Publication: Journal of Business Ethics, Forthcoming
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Published on: 12 Sep 2018
How does firm location affect the reliability of a company's financials?
Learn more about how Desautels professors are behind some of the most unique research projects in the world.
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Published on: 5 Mar 2018
Congratulations to the six Desautels undergraduate students who were awarded scholarships by the Foundation of CPAs of Quebec.
The scholarships, valued at $1,000 each, recognize academic excellence and community involvement among students in Quebec who are interested in pursuing accounting.
This year鈥檚 recipients are: Nicole Butkowsky; Chaeyoung Lee; Shannon Levy; Sateesh Pararajasingham; Nathalie Shen-Picotte and Elizabeth Tkach.
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Published on: 27 Feb 2018
The Real Estate Academic Leadership (REAL) ranking for 2013-2017 has placed Professor Desmond Tsang in the 34th position among the top real estate researchers worldwide. This is the second consecutive year that Professor Tsang has placed on this list.
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Published on: 14 Feb 2018
Authors: David S. Koo and Dongyoung Lee
Publication: The Accounting Review, Forthcoming
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We examine the role of the chief marketing officer (CMO) in corporate voluntary disclosure of future revenues. Using a sample of S&P 1500 firms for the period from 2003 to 2011, we find that the presence of an influential CMO in top management is positively associated with the likelihood of a firm's issuing a management revenue forecast. We also find that firms with an influential CMO provide more accurate revenue forecasts than other firms. These findings extend to long-window change analyses and are robust to the use of a propensity-score matched-pair approach. Overall, the results are consistent with the notion that CMO influence in top management appears to play an important role in voluntary revenue disclosures.
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Published on: 8 Feb 2018
Authors: Hyun Ah Kim, Seok Woo Jeong, Tony Kang and Dongyoung Lee
Publication: Australian Accounting Review, Vol. 27, No. 4, December 2017
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Published on: 8 Feb 2018
Professor Desmond Tsang's paper "Quality of Life and Earnings Management: Do Firms at Less Desirable Locations Manipulate Earnings More Aggressively?" with co-author Jing Zhang was awarded the 2017 ARES Manuscript Prize in the category of Innovative Thinking "Thinking Out of the Box" presented at the ARES Annual Conference.
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Published on: 17 Nov 2017
Author: MaryJane Rabier听
Publication: The Accounting Review, Vol. 93, No. 1, 2018, pp. 335-362
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Gupta and Gerchek (2002) argue that different acquirers can arrive at different equity valuations for the same target depending on their strategic intent. A reason for acquirers' equity valuations to vary, holding target fundamentals constant, may be that individual acquirers place different weights on underlying fundamentals. I examine this possibility using Burgstahler and Dichev (1997)'s theoretical framework. They argue that the relative importance of earnings and book value depends on expected adaptation, which is the likelihood that the existing earnings generating process will be altered. Using restructuring costs to proxy for expected adaptation at the individual acquirer level, I find that the association between the target's earnings (book value) and acquirers' bid prices is decreasing (increasing) in expected adaptation, consistent with theoretical predictions. These findings are less pronounced during merger waves and intense bid competition for the target.
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Published on: 28 Sep 2017
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