Jenny Tucker
Jenny Tucker was quoted in a March 19, 2009 Dow Jones Newswire article titled TAKING STOCK: A Reverse Split Is No Green Light To Buy. She said that while there could be a perceived benefit from a reverse split, she warned that investors should not expect the company's performance to automatically pick up just because the stock is trading above a threshold that allows more investors to participate. She said that if the companies were optimistic about their future, and their ability to lift their prices through improved fundamental performance, they wouldn't feel the need for a reverse split.
Accounting Faculty and PhD Graduates Highly Ranked in Contributions to the Accounting Literature
A new paper authored by Jean L. Heck of Saint Joseph's University has named several current and former members of the Fisher School faculty and UF graduates as significant contributors to the accounting literature over the past half-century (1959-2008). Heck's data indicates that 10,542 unique authors published in the core 25 accounting journals over this period.
Joel Demski, Frederick E. Fisher Eminent Scholar in Accounting, was noted as the most prolific author in the accounting literature of the past half-century. Demski was the number one author in two analyses: one of authors published in five leading accounting journals, and a second of authors published in the 25 core accounting journals examined. Two other current Fisher School faculty members appear in the top ranked authors in the leading five journals: W. Robert Knechel, Ernst & Young Professor, at number 391 and Stephen Asare, KPMG Term Professor, at #529. Several former faculty and UF graduates also appear on the list of prolific contributors to the accounting literature. Heck calls the authors identified in the study "truly remarkable."
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Jenny Tucker
Professor Tucker was quoted in December in the UK's Guardian about her take on GE's decision to scrap quarterly forecasts. While some business leaders say companies make too many short-term decisions to ensure they don't fall short of their own forecasts, other experts caution investors that such moves could signal that companies have something to hide. According to Tucker, "There are two theories about stopping guidance. One side says that by providing quarterly earnings guidance, managers are distracted from their long-term goals and stopping guidance allows managers to refocus. The other side of the story is...that when performance is poor, they don't want to talk about it." Tucker, who co-authored a paper last year called "To Guide or Not to Guide?," found that despite what they may say publicly, many companies stop guidance following poor operating performance, and typically have a weaker record of meeting or beating analyst expectations than those that continue giving guidance. Tucker warned that companies that stop quarterly guidance should avoid becoming less transparent. "What we have seen from the financial crisis is that investors wanted to know more and see more disclosures," Tucker said.
W. Robert Knechel
Professor Knechel has been appointed as an Associate Editor for Auditing: A Journal of Practice & Theory. The Journal is published by the American Accounting Association and is the top-rated scholarly journal devoted to auditing research.
W. Robert Knechel
Professor Knechel received the "best manuscript" award from a paper he presented at the European Audit Research Network bi-annual conference held in Aarhus, Denmark on October 26 and 27. The paper, titled Strategic and Operating Management Turnaround Initiatives and Auditors' Going-Concern Judgment: Memory for Audit Evidence, was co-authored with Liesbeth Bruynseels and Marleen Willekens (Tilburg University) and Luc Warlop (Catholic University of Leuven).
Jenny Tucker
Professor Tucker discussed earnings guidance with CNBC's Joe Kernen and CFA Centre sr. policy analyst Matt Orsagh in a CNBC live interview on Squawk Box, 2/18/2007. The discussion related to her paper,
To Guide or Not to Guide? Causes and Consequences of Stopping Quarterly Earnings Guidance, co-authored with Joel Houston and Baruch Lev.
This paper is also cited in a February 19, 2007 Barron's article by Gene Epstein,
A Misguided Strategy and in a July 14, 2007 article, Jam today - Business in America, in The Economist.
Gary McGill
Tax education has experienced several major shifts in the past two decades, driven by changes in the focus of tax practice. Professor McGill and co-author Edmund Outslay discuss this in their article, The GAAP in Tax Education: Integrating Tax and Financial Accounting in the Tax Curriculum, featured in the The Tax Advisor, February 2007.
W. Robert Knechel
Is the business risk audit a better way to assess risks leading to focused audit testing, or is it simply a tool for generating opportunities to sell nonaudit services? Professor Knechel discusses business risk audit in his article, The Business Risk Audit: Origins, Obstacles and Opportunities, featured in the October 5, 2006 Article in Press.
Jenny Tucker
Professor Tucker uses a new approach to examine whether income smoothing garbles earnings information or improves the informativeness of past and curent earnings about future earnings and cash flows in her paper, Does Income Smoothing Improve Earnings Informativeness?, with Paul A. Zarowin.
Joel Demski
Professor Demski expresses his thoughts about whether accounting is an academic discipline in his paper Is Accounting an Academic Discipline?, prepared for the AAA Anual Meeeting in Washington, D.C., August 9, 2006.
