Ph.D. in Business Administration - Accounting

Ph.D. Students on the Job Market


  • Matthew Driskill

    Fisher School of Accounting
    University of Florida
    PO Box 117166
    338 Gerson Hall
    Gainesville, FL 32611-7166
    352.273.0225 (office)
    352.392.7962 (fax)

    Dissertation Title:
    “Earnings Announcement Clustering and Analyst Forecast Behavior”

    Abstract:
    This study investigates whether earnings announcement clustering creates a limited attention effect that impairs analyst forecast performance. I find that concurrent, same-day earnings announcements within an analyst’s coverage portfolio occur quite frequently and negatively affect analyst forecasting behavior. Specifically, “busy” analysts are less likely to issue a forecast in the week after that firm’s earnings announcement. When busy analysts do issue a first-week forecast, it is less timely, incorporates less information from the earnings announcement, and is less accurate following large earnings surprises. Busy analysts are also more likely to issue forecasts later in the quarter, and these forecasts are no less bold or accurate relative to their non-busy peers. These results are consistent with limited analyst attention impairing initial forecast responsiveness, resulting in an initial analyst underreaction, and subsequent efforts by analysts to increase forecasting activity and informativeness later in the quarter. The results have implications for the literature on limited attention, analysts’ role in facilitating price discovery, and the cycle of analyst information production.

    Committee Chair:
    Jenny Tucker

    Courses Taught:
    Intermediate Financial Accounting II

    Bio:
    Matt grew up in New Orleans before attending the University of Texas at Austin and then New York University. He received his MBA in Finance from Baruch College (CUNY) in New York, where he discovered an interest in financial accounting. His research interests are analyst and investor information processing, the information content of earnings, market efficiency, and anomalies. He is a fifth year PhD candidate at the University of Florida.


  • Han Stice

    Fisher School of Accounting
    University of Florida
    PO Box 117166
    329 Gerson Hall
    Gainesville, FL 32611-7166
    352.273.0227 (office)
    352.392.7962 (fax)

    • Email (han.stice at warrington.ufl.edu)

    Bio:
    Han obtained a Bachelors and Masters in Accounting at Brigham Young University. He is interested in Capital Markets research.


  • Devin Williams

    Fisher School of Accounting
    University of Florida
    PO Box 117166
    338 Gerson Hall
    Gainesville, FL 32611-7166
    352.273.0225 (office)
    352.392.7962 (fax)

    • Email (devin.williams at warrington.ufl.edu)

    Dissertation Title:
    “The Effect of Private-Company Auditors and PCAOB-Registered Firms on Audit Market Competition”

    Abstract:
    This study analyzes how the market for public-company audits is affected by the presence of audit firms not currently auditing public clients. Using a unique dataset containing all audit offices of all audit firms in the U.S., I first predict and find that significant numbers of the private-company auditors that voluntarily register with the PCAOB do so intending to take on public-company clients and are, therefore, potential competitors with auditors of public companies. I then find that an increase in similarly sized offices of firms not auditing public clients (potential entrants) is associated with a decrease in public-company audit fees. I also find that an increase in potential entrants is associated with a decreased probability of a client selecting its auditor to provide non-audit services. The pattern of results suggests audit firms not currently in the public-audit market can influence competition in local audit markets.

    Committee Chair:
    W. Robert Knechel

    Courses Taught:
    Introduction to Auditing (Upper Division), Teaching Assistant eMBA Online Program Introduction to Financial Accounting

    Bio:
    Devin received a bachelor's degree and a master's degree in accounting from Brigham Young University. He then went to work for Deloitte & Touche LLP in their Dallas, Texas office. Devin is a certified public accountant in the state of Texas and is also a member of the American Institute of Certified Public Accountants and the Texas Society of CPAs. Devin's research interests include archival research with a focus on the demand for audit services, auditor specialization, auditor competition, and financial regulation.

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College Info

Warrington College of Business
BRY 100
PO Box 117150
Gainesville, FL 32611-7150
Phone: 352.392.2397
Fax: 352.392.2086

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