Research Interests: Financial reporting, financial analysts, corporate disclosures, auditor/audit firm networks, the role of the audit committee
Paul Wong received his bachelor of science in accounting from DePaul University (Chicago, Ill.) in 2007 and earned his CPA in 2008. He worked for Crowe Horwath (formerly Crowe Chizek) from 2007–2011 as a senior staff auditor in the not-for-profit and higher education group.
MBA, JD, University of California, Davis
BS, California State University, Humboldt
An associate at Boutin Jones Inc. in Sacramento, Susich was previously a staff accountant at Demello, Dominguez, & Co. CPA, Accountancy Corporation. He teaches a graduate accounting course at the UC Davis Graduate School of Management. He has a BS in business administration from Humboldt State, an MBA from the UC Davis Graduate School of Management and and a JD from the UC Davis School of Law.
Research Expertise: Accounting, response of nonprofit organizations to economic incentives
Research Expertise: Accounting, financial reporting and valuation
Research Expertise: Empirical analysis of quantitative and qualitative field-based data as well as survey data to study:
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This study by Professor Paul Griffin and co-authors David H. Lont from the University of Otago and Yuan Sun from the University of California, Berkeley Haas School of Business documents that investors care about companies’ greenhouse gas (GHG) emission disclosures.
Managerial Accounting: An Introduction to Concepts, Methods and Uses, 11th Edition
South-Western College Publishing, 2011
This edition effectively balances coverage of concepts, methods, and the uses of managerial accounting with a strong emphasis on management decision-making. Students focus on concepts and managerial uses of financial information, rather than simply perfecting the accounting techniques.
This paper identifies a precursory role of short sellers in conveying adverse information to the corporate bond market. Professor Paul Griffin and co-author Hyun A. Hong from the University of Memphis study this in two ways: by examining subsequent calendar month excess (risk-adjusted) bond returns for portfolios formed on the basis of high short interest in a prior month, and by analyzing abnormal short interest and daily bond returns around earnings announcements.
A direct, realistic, and efficient way to learn cost accounting. Fundamentals is short (608 pages) making it easy to cover in one semester. The authors have kept the text concise by focusing on the key concepts students need to master. Opening vignettes and In Action boxes show realistic applications of these concepts throughout. Comprehensive end-of-chapter problems plus Homework Manager provide students with all the practice they need to fully learn each concept.
One of the longest serving faculty members, Professor Paul Griffin has been at the Graduate School of Management since 1981. He talks about teaching at the School, the student experience and how it translates to the business world. “Business is not about individual cultures and all that. It’s about economic growth and prosperity. That’s what we’re here for: to learn about that and understand how to make the world a better place.”
Areas of expertise: Financial and tax accounting
Snyder served as a fulltime member of the Charles W. Lamden School of Accountancy at San Diego State University (SDSU) for the past 24 years. Prior to that, he was an adjunct faculty at SDSU as well as a partner with Deloitte Haskins and Sells. He was also a professor at the University of Southern California, his alma mater, from 1992 to 1994.
Implementing Management Innovations: Lessons Learned from Activity Based Costing in the U.S. Automobile Industry
Implementing Management Innovations: Lessons Learned from Activity Based Costing in the U.S. Automobile Industry is the result of a long-term study of the implementation of activity-based costing (ABC) inside two of America’s largest automobile companies.
The research advances our theoretical and practical understanding of the implementation of management innovations by tracing the evolution of ABC from the corporate level down to its eventual rollout at the plants. Another distinguishing feature of the study is the blend of field research methods and hypothesis testing to determine the factors that led to implementation success for managers and ABC development teams. Many of the findings of the study have implications for the implementation of other types of management innovations.
This paper provides field evidence on management control practices used to mitigate risk and to enhance cooperation in strategic alliances. The data are extensive field interviews with 38 managers in three large U.S. companies that have significant alliance risk exposure.
Ph.D., Purdue University
The Effects of Governance on the Accuracy of Charitable Expenses Reported by Nonprofit Organizations
Contemporary Accounting Research, 2011
In this paper, Associate Professors Michelle and Robert Yetman examine the extent to which governance mechanisms affect the decision usefulness of nonprofit financial information as reported on the Internal Revenue Service Form 990 (hereafter IRS 990).
Institutional Drivers of Reporting Decisions in Nonprofit Hospitals
Journal of Accounting Research, 2011
This study by Associate Professor Michelle Yetman and co-author Ranjani Krishnan from the Broad School of Business at Michigan State University examines the influence of normative and regulative institutional factors on cost shifting by nonprofit hospitals in their publicly reported statements.
Research Expertise: Accounting, cost-effectiveness of online education, healthcare costs, corporate crime and misconduct
A recognized expert on managerial accounting, Professor Michael Maher is also an authority on corporate crime (e.g., fraud, bribery, antitrust). He develops profiles on companies and managers that commit corporate misconduct, and studies and lectures on corporate ethics and the responsibilities of business and auditors to stakeholders.
Research Expertise: Accounting, accounting and financial theory, evaluation of accounting methods, financial information and disclosures
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In this paper Professor Michael Maher and Professor Donald Palmer analyze the mortgage meltdown as a “normal accident” (Perrow, 1984). They begin by briefly outlining normal accident theory; both Perrow’s original version and Mezias’ (1994) subsequent extension. They then use normal accident theory to analyze the mortgage meltdown and draw a few insights from our account. They then consider the relationship between normal accidents and wrongdoing; a vexing question for both normal accident theory and observers of the meltdown.
Agency Problems and Audit Fees: Further Tests of the Free Cash Flow Hypothesis
Accounting & Finance, 2010
This study, by Professor Paul Griffin and co-authors David H. Lont from the University of Otago and Yuan Sun from UC Berkeley, finds that the agency problems of companies with high free cash flow (FCF) and low growth opportunities induce auditors of companies in the United States to raise audit fees to compensate for the additional effort. They also find that high FCF companies with high growth prospects have higher audit fees.
In this chapter of Accounting in Networks (Routledge, 2010), Professor Shannon W. Anderson and co-author Henri C. Dekker from the University Amsterdam review the use of Transaction Cost Economics (TCE) in the study of interfirm relationships. Anderson and Dekker focus on accounting and non-accounting studies to assess how TCE can further contribute to the understanding of accounting and control in interfirm settings.
As late as November 2009, President Obama’s proposal to limit tax breaks for charitable gifts and other itemized deductions to help pay for a health-care overhaul had gone nowhere in Congress, largely due to fears that limiting charitable tax deductions for wealthy people would dampen giving at a time when charities are under severe strain because of the recession.
Companies that generate high levels of cash flow might appear to be a solid market investment. However, finance researchers have shown that when companies build up more cash flow than they need, errant managers tend to spend the excess unwisely, which can actually drain shareholder value.
Although “nonprofit” is often considered to be synonymous with “tax-exempt,” many nonprofit organizations earn revenues from unrelated taxable activities, and on average these taxable activities generate $1.5 million in revenues. Policymakers have expressed concern that the pursuit of unrelated taxable revenues can distract a nonprofit from its primary charitable mission.
The Impact of Academic Accounting Research on Professional Practice: An Analysis by the AAA Research Impact Task Force
Accounting Horizons, 2009
The accounting academy has been long recognized as the premier developer of entry-level talent for the accounting profession and the major provider of executive education via master’s-level curricula and customized executive education courses. However, the impact that the academy’s collective ideas have had on the efficiency and effectiveness of practice has been less recognized.
Capital Gains Taxes, Pricing Spreads, and Arbitrage: Evidence from Cross‐Listed Firms in the U.S.
The Accounting Review, 2009
This study by Associate Professor Michelle Yetman and co-authors Jennifer Blouin and Luzi Hail from the University of Pennsylvania examines how shareholder‐level taxes affect the contemporaneous pricing of foreign firms’ U.S. cross‐listed and underlying home‐country securities surrounding the 1997 reduction in U.S. capital gains tax rates.
In the midst of the financial crisis and taxpayer-funded bailouts of the likes of AIG, public outrage and government scrutiny over the pay packages of executives at companies receiving federal aid has reached new heights. Largely missing from the debate over executive compensation is the unintended consequence that accounting rules have on rewards in the form of stock buybacks.
Governance Regulatory Changes, International Financial Reporting Standards Adoption, and New Zealand Audit and Non-Audit Fees: Empirical Evidence
Accounting and Finance, 2009
This study, by Professor Paul Griffin and co-authors David H. Lont from the University of Otago and Yuan Sun from UC Berkeley, examines the association between overseas and New Zealand governance regulatory reforms and New Zealand companies’ audit and non-audit fees.
Strategic Cost Management in Supply Chains, Part 2: Executional Cost Management
Accounting Horizons, 2009
In the first paper in this two-part series, Professor Shannon Anderson and co-author Henri C. Dekker from the University Amsterdam reviewed structural cost management in supply chains. In this second paper of the series they consider executional cost management in supply chains, which employs measurement and analysis tools (e.g., cost driver analysis, supplier scorecards) to evaluate supply chain performance and sustainability.
Calibrating the Reliability of Publicly Available Nonprofit Taxable Activity Disclosures: Comparing IRS 990 and IRS 990-T Data
Nonprofit and Voluntary Sector Quarterly, 2009
The topic of nonprofit commercialization has received increased attention from various groups including donors, regulators, and researchers. Perhaps the most commercial of all activities undertaken by nonprofits are those considered to be so far removed from an organization’s exempt mission that the Internal Revenue Services (IRS) considers them to be taxable.
Strategic Cost Management in Supply Chains, Part 1: Structural Cost Management
Accounting Horizons, 2009
Strategic cost management is the deliberate alignment of a firm’s resources and associated cost structure with long-term strategy and short-term tactics. Although managers continue to pursue efficiency and effectiveness within the firm, increasingly, improvements are obtained across the value chain: through reconfiguring firm boundaries, relocating resources, reengineering processes, and re-evaluating product and service offerings in relation to customer requirements.
How do companies hedge against the effects of disasters such as terrorist attacks? While many companies use financial instruments to hedge currency fluctuations, fuel cost increases and changes in interest rates, Professor Michael Maher and his co-author Professor Dan Weiss of Tel Aviv University studied the use of operations policy to hedge against unfavorable situations. A classic example is the ice cream parlor owner in a summer resort town who adds hot drinks to her menu to hedge against an unusually cold summer.
With all eyes on the $700 billion in bailout funds, some of the nation’s largest banks have received additional financial help thanks to a new tax policy quietly issued by the Treasury Department in September. Professor Paul Griffin an internationally recognized specialist in the areas of accounting, financial valuation and business taxation, has been called on to unravel the complex implications of the sweeping change, which gives substantial tax breaks to companies that acquire struggling banks hit hard by the sub-prime mortgage crisis.
While audit fees have gone up substantially in the U.S. since 2002 in response to the Sarbanes-Oxley Act (SOX) and related regulations, it is unclear whether such reforms should have a major impact on audit markets in other countries. How have New Zealand audit firms fared in light of such regulatory initiatives? According to Professor Paul Griffin and his co-authors Yuan Sun and David Lont of the University of Otago, New Zealand, auditing firms reacted differently to the change by not raising their fees following the passage of SOX.
Assistant Professor Michelle Yetman presented two papers at the annual American Accounting Association meeting in Chicago last August. The first, “Effects of Governance on the Financial Reporting Quality of Nonprofit Organizations,” was co-authored with Professor Robert Yetman.
Professor Paul Griffin and his coauthors David Lont and Yuan Sun of the School of Business, University Otago, Dunedin, recently presented their article “Corporate Governance and Audit Fees: Evidence of Countervailing Relations” at a joint symposium hosted by the Journal of Contemporary Accounting and Economics and Auditing: A Journal of Practice & Theory at The Hong Kong Polytechnic University on January 4-5, 2008.
Associate Professor Robert Yetman presented the findings of his survey of wine industry workers in the Napa Valley at the Napa Valley Grape Growers Association’s “Ahead of the Curve” conference on April 19. The conference, the first of its kind, attracted vineyard owners, managers and area winemakers.
Public companies that have had auditors recently resign may not be a good stock investment. The stock prices of these companies dip by about three percentage points following the announcement of an auditor’s resignation, according to a study by Professor Paul Griffin and co-author David Lont of the University of Otago, New Zealand.
There are two explanations of organizational crime. The dominant one assumes that people make discrete decisions and develop positive dispositions to engage in crime before embarking on criminal behavior. An emerging alternative assumes that people often embark on criminal behavior through a process and without first developing positive dispositions.
Management Control for Market Transactions: The Relation Between Transaction Characteristics, Incomplete Contract Design, and Subsequent Performance
Management Science, 2005
Using an unusually comprehensive database on 858 transactions for information technology products and accompanying services, Professor Shannon Anderson and co-author Henri Dekker from the University of Amsterdam study how close partners exposed to opportunistic hazards structure and control a significant transaction.
Using Electronic Data Interchange (EDI) to Improve the Efficiency of Accounting Transactions
The Accounting Review, 2002
Electronic data interchange (EDI) is an information technology that standardizes the exchange of information between transacting parties. Using data from a major U.S. office furniture manufacturer who adopted EDI primarily to improve the efficiency of accounting transactions, Professor Shannon W. Anderson and co-author William N. Lanen from the University of Michigan evaluate whether EDI reduces order processing time (the time from sales order receipt to sales order scheduling) and whether this improvement is greater for more complex orders.