My primary research interest is how firms communicate with capital market participants. Within this area, my work investigates the following three topics: 1. Strategic communication by firms/managers 2. Capital market responses to firm communications 3. Regulation of communication. Well-functioning capital markets require the exchange of information between two groups: providers and users of capital. In order to engage in value enhancing transactions, both parties must overcome (or at least mitigate) their conflicting incentives. Market mechanisms can emerge to align incentives. The extent to which market mechanisms are slow to evolve or costly to implement creates an opportunity for regulation. The overarching objective of my research is to understand how managers, investors and regulators can most efficiently resolve these inherent conflicts. Recently, I have also been working on the role of US corporations in the federal political process.
ACCT 3320 - Cost Management
Fall 2018 / Fall 2020 / Fall 2021
Provides cost analysis for the support of management decision making. Analyzes activities, cost behavior, role of accounting in planning, financial modeling,and managerial uses of cost data.
ACCT 7330 - Doctoral Seminar: Accounting and Capital Markets 2
Focuses on how managers strategically communicate with capital market participants (e.g., investors and equity analysts). Students develop an understanding of how information enhances the efficiency of stock markets, why managers voluntarily disclose information, and how market participants react to strategic disclosure.