Congratulations to Kiwon Choi (BCom’19), Hugo Ouimet (BCom’19 – currently in GCPA program) and Christopher Wolf (BCom’20), undergraduate scholarship recipients from the Ordre des comptables professionnels agréés du Québec.

Classified as: Bachelor of Commerce (BCom), Accounting, Graduate Certificate in Professional Accounting (GCPA Program)
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’s Management Convocation ceremony for their excellence in teaching at the undergraduate and graduate levels respectively.

Classified as: Amanda Abrams, Elliot Lifson, International advisory board, Accounting, Graduate Certificate in Professional Accounting (GCPA Program), Convocation, Faculty Awards
Published on: 29 May 2019

Congratulations to 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: “Accounting Disclosure, Financial Intermediaries, and Capital Market Outcomes” on May 28th – 29th, 2019.

Classified as: Dongyoung Lee, Jingjing Zhang, Hongping Tan, Accounting
Category:
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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Classified as: Desmond Tsang, Accounting, desautels research
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’s outstanding review of an article submission to the Journal in the Corporate Finance area.

Classified as: Brian Wenzel, Accounting
Published on: 26 Feb 2019

Authors: Mark T. Bradshaw, Alan G. Huang, Hongping Tan

Publication: Journal of Accounting Research, Forthcoming

Abstract: 

Prior research demonstrates that a strong institutional infrastructure in a country moderates self‐serving behavior of market participants. Cross‐country 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‐country 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‐relevant target prices. Our results demonstrate the importance of domestic country‐level institutional factors in moderating self‐serving behavior of market participants engaged in cross‐country activities.

Classified as: Hongping Tan, Accounting, Desautels 22, Journal of Accounting Research
Category:
Published on: 15 Nov 2018

Authors: Jorien Pruijssers, Pursey Pmar Heugens and Hans J. Van Oosterhout

Publication: Journal of Business Ethics, Forthcoming

Abstract:

Classified as: Accounting
Category:
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.

Classified as: Desmond Tsang, Accounting
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’s recipients are: Nicole Butkowsky; Chaeyoung Lee; Shannon Levy; Sateesh Pararajasingham; Nathalie Shen-Picotte and Elizabeth Tkach.

Classified as: Bachelor of Commerce (BCom), Accounting
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.

Classified as: Desmond Tsang, Accounting
Category:
Published on: 14 Feb 2018

Authors: David S. Koo and Dongyoung Lee

Publication: The Accounting Review, Forthcoming

Abstract:

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.

Read abstract: The Accounting Review

Classified as: Dongyoung Lee, Accounting, Accounting Review, Desautels 22
Category:
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

Abstract:

Classified as: Dongyoung Lee, Accounting, Research EDI, Sustainability (R), Sustainability
Category:
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.

Classified as: Desmond Tsang, Accounting
Category:
Published on: 17 Nov 2017

Author: MaryJane Rabier 

Publication: The Accounting Review, Vol. 93, No. 1, 2018, pp. 335-362

Abstract:

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.

Read full article: The Accounting Review

Classified as: maryjane rabier, Accounting, The Accounting Review, Desautels 22
Category:
Published on: 28 Sep 2017

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