Accounting 2012-2013 Academic Year at a Glance
- Message From The Accounting Area Coordinator
- Accomplishments of our Students
- Other Newsworthy Events
- A Tribute To Our Distinguished Faculty
- Accounting Faculty Publication
Exciting things continue to happen for UT Dallas Accounting programs. Enrollment continues to increase. Our faculty has a world-class reputation in the accounting research realm, and our students are outstanding. We welcomed new faculty members: Bin Li from Duke University, Meng Li from the University of Chicago, Ningzhong Li from the London Business School and Yuan Zhang from Columbia University. We also hired Kathy Zolton, who brings a wealth of managerial experience.
Overall, the Naveen Jindal School of Management’s research productivity over the past five years places it 15th worldwide among all business schools in terms of articles published in top-tier business journals. Most recent results, tabulated for the five-year period of 2008-2012 in the UTD Top 100 Business School Research Rankings™ show our faculty authored 23 articles in the three leading accounting journals used in these rankings, placing the Accounting area 12th worldwide in terms of productivity.
On a sad note, longtime Professors Adolf Enthoven and Constantine Konstans passed away this year. These gentlemen played an integral part of the development and success of our program, and we will miss them both.
Accounting Area Coordinator
UT Dallas Team Wins AICPA Annual Case Competition
(Above, left to right) Richard J. Caturano, chairman of the American Institute of CPAs, with JSOM winning team members Samuel Teichelman, Shaz Azimi, April Crawford and Trey Sweeney with their faculty advisor, John Barden
Placing ahead of more than 125 other teams at the AICPA Case Competition in Washington, D.C., our team of accounting students earned first place and a cash reward of $10,000. UT Dallas has placed in the top three in all three years the competition has existed. The AICPA has announced that the competition for 2013 will focus on the topic of personal financial planning. The call for entries begins August 19th.
UTD Hosts PPA Case Competition
UT Dallas hosts a case competition for our Professional Program in Accounting (PPA) students every semester. It gives the students a great opportunity to address “hot topics” in the profession while enhancing their presentation skills in front of their future employers. Partners from the largest public accounting firms in the area serve on a panel of judges.
Fall 2012 Case Competition Winners (left to right) Sara Ali, Pearl Promwanrat, Kyle D’Souza, April Crawford, Adina Phillips
Spring 2013 Case Competition Winners (left to right) Joel Asmussen, Brittany Weber, Shaz Azimi, Kushagra Gupta, Garrett Engel
Accounting Students Take Second In Deloitte FanTAXtic Case Competition
Back Row (left to right): Faculty Advisor Steve Solcher with students Mark Kielhorn, Lewis Warne and Ben Hudson, and William McKee, BS 2000, MS 2003, a JSOM alumnus who is now a Deloitte senior tax manager. Front Row (left to right): Students Teresa Tran and Zoe Wilson and Faculty Advisor Tiffany Bortz
Our team of accounting students placed second in the region at the Deloitte FanTAXtic Case Competition on November 3, 2012. The team earned a “Regional Honorable Mention Award” of $2,000 for UT Dallas and $200 for each student.
PPA Student Is Named To All-America Team
Kyle Schleigh, a junior in the PPA program was named to the, NCAA Division III All-America Third Team by the National Association of Basketball Coaches. He is the eighth student-athlete from UT Dallas to receive such an honor. Read the full story on the UT Dallas News Center. Recently, Kyle accepted an internship with PricewaterhouseCoopers, which begins in the summer of 2014.
UT Dallas Students Care About Our Community
Members of the UT Dallas chapter of the accounting honors fraternity Beta Alpha Psi partnered with accounting firm Montgomery Coscia Greilich in a community service event for underprivileged children at a childcare center in Dallas. Members also partnered with accounting and consulting firm Crowe Horwath for a community service event at the North Texas Food Bank. The Jindal School of Management is home to 10 student organizations that help accounting and finance students develop professional skills and encourage their involvement in the community.
Chapter members with Montgomery Coscia Greilich at a childcare center in Dallas.
Chapter members helped pack donated canned goods with Crowe Horwath at the North Texas Food Bank.
A group of undergraduate and graduate accounting students partnered with the United Way of Dallas to participate in the Volunteer Income Tax Assistance (VITA) Program, which provides assistance in tax return preparation and education for individuals earning less than $51,000. Our students contributed a total of 2,219 volunteer hours, and the tax returns our students prepared resulted in approximately $3.8 million in total refunds.
ASCEND Wins UTD Outstanding Students Organization Of The Year
Out of more than 200 student organizations on campus, ASCEND, the premier nonprofit professional association for Pan-Asian students, was awarded UTD Outstanding Student Organization of the Year. The group was recognized for its professional development activities, networking events and leadership training.
Great Students For The Ernst & Young Emerging Leaders Program
Four accounting sophomore students, Yesenia Lopez, Travis White, Kat Hudson and Tue Tran, were selected to participate in the 2013 Ernst & Young Emerging Leaders Program. The program gave students the opportunity to explore their potential as a leader through a one- to three-day course at an EY office, introducing them to the EY culture, people and practices that drive success.
Dr. Rebecca Files, assistant professor in accounting, received the prestigious President’s Outstanding Teaching Award, which recognized her enthusiasm and dedication to the Accounting program and its students. Please take the time to read the full story on the UT Dallas News Center.
Dr. Adolf J. H. Enthoven
Dr. Adolf J.H. Enthoven, the senior accounting professor in the UT Dallas Naveen Jindal School of Management and director of its Center for International Accounting Development, passed away March 15 of complications from a fall late last year. He was 84.
Dr. Enthoven, who joined the UT Dallas faculty in 1976, was a noted expert on international accounting. He wrote or contributed nearly 20 books on accounting education and the profession as practiced in Africa, Asia, China, Russia and many countries around the globe. His legacy includes hosting his center’s annual oil and gas financial management programs for developing countries. Held on the UT Dallas campus every summer since 1979, the three-week curriculum attracts mid- and upper-level personnel in oil-producing countries outside the U.S. The program, which has its own alumni association, now boasts almost 1,700 graduates from more than 80 countries.
“The school has lost a great accounting professor and a great man,” Dr. Hasan Pirkul, dean of the Jindal School and Caruth Chair of Management, said. “Dr. Enthoven was beloved by all who knew him — his friends, his colleagues and his many students both here and spread throughout the world. He and his center made a huge impact in the oil and gas industry and the international accounting world. He was a dedicated, hard-working professor, and we will all miss him very much.”
Dr. Enthoven will live on, though, the dean said, in part through a chaired professorship that bears his name. Established in 2010, the Adolf Enthoven Distinguished Professorship in Accounting and Information Management “ensures that, as one of the founding professors of our school, Dr. Enthoven will not be forgotten,” Pirkul said.
“It’s very difficult and sad to say goodbye to our good friend, Adolf Enthoven,” Dr. Bill Cready, Ashbel Smith Professor and coordinator of the Jindal School’s Accounting area, said. “He was a wonderful accounting professor, friend and colleague. I was always impressed by his commitment to students, his love for the field of accounting and his interest in developing a more global emphasis in his teaching and research.”
Dr. Constantine Konstans
Dr. Constantine “Connie” Konstans, who found his niche in accounting and education after earning a degree in music and serving in the military, passed away May 20, 2013 — the day before his 78th birthday.
Konstans began teaching at UT Dallas in 1993. A longtime professor in the Naveen Jindal School of Management, he recently was honored with a UT Dallas endowed professorship in his name, as well as a Lifetime Achievement Award from D CEO magazine.
Early this year he was named a Fellow of the Open Compliance and Ethics Group, a nonprofit to help organizations achieve principled performance in areas such as governance and assurance.
“Connie Konstans was a brilliant professor who recognized the need early on to prepare students and executives for changing corporate governance and compliance regulations and expectations. His courses and conferences influenced students and executives worldwide.” Dr. Hobson Wildenthal, provost and executive vice president at UT Dallas, said.
Jindal School Dean and Caruth Chair of Management Dr. Hasan Pirkul said he was deeply saddened by the loss of Dr. Konstans. “For the past decade, Dr. Konstans taught students and executives alike the importance of sweeping changes in financial regulations and the corporate responsibilities they entailed by designing courses, organizing conferences and founding the Institute for Excellence in Corporate Governance,” Pirkul said. “He was a wonderful friend and colleague who will be greatly missed.
“Team Dispersion, Information Technology, and Project Performance,” with V. Krishnan and S. Lin, Production and Operations Management, article first published online: August 17, 2012; DOI: 10.1111/j.1937-5956.2012.01366.x.
“Information Technology and Its Impact on the Quality and Cost of Healthcare Delivery,” with M. Thouin, Decision Support Systems, Vol. 55, Issue 2, May 2013: 438-499.
“The Impact of IT Investments on Profits,” MIT Sloan Management Review, with S. Mithas, A. Tafti and J. M. Goh, Vol. 53, No. 3, Spring 2012: 15.
“The Role of the Internal Audit Function in the Disclosure of Material Weakness Disclosures,” with S. Lin, M. Pizzini, and M. Vargus, The Accounting Review, Vol. 86, No. 1, January 2011: 287-323.
“Corporate Governance Reform and Executive Incentives: Implications for Investments and Risk Taking,” with A. Dey and T. Lys, Contemporary Accounting Research, forthcoming.
“Corporate Governance and the Information Environment: Evidence fFom State Antitakeover Laws,” with C. Armstrong and K. Balakrishnan, Journal of Accounting and Economics, Vol. 53, Nos. 1-2,, February-April 2012: 185-204.
“Warranty Reserve: Contingent Liability, Information Signal, or Earnings Management Tool?” with M. Darrough, R. Huang and T. Zach, The Accounting Review, Vol. 86, No. 2, March 2011: 569-604.
“Net Stock Anomalies,” with T. Lys and T. Zach, Handbook of Equity Market Anomalies, ed. by Leonard Zacks (Hoboken, New Jersey: John Wiley and Sons, 2011): 129-145.
“Scale Effects of R&D as Reflected in Earnings and Returns,” with M. Ciftci, Journal of Accounting and Economics, Vol. 52, Issue 1, June 2011: 62-80.
“Negative Special Items and Future Earnings: Expense Transfer or Real Improvement?” The Accounting Review, forthcoming.
“Market Underestimation of the Implications of R&D Increases for Future Earnings; the U.S. Evidence,” with A. Ali and M. Ciftci, Journal of Business, Finance, and Accounting, forthcoming.
“Family Ownership and CEO Turnovers,” with X. Chen and Q. Cheng, Contemporary Accounting Research, article first published online: March 18, 2013; DOI:10.1111/j.1911-3846.2012.01185.x.
“SEC Enforcement: Does Forthright Disclosure and Cooperation Really Matter?” Journal of Accounting and Economics, Vol. 53, February/April 2012: 353-374.
“Executive Turnover Following Option Backdating Allegations,” with J. Efendi, B. Ouyang and E. P. Swanson, The Accounting Review, Vol. 88, No. 1, January 2013: 75-105.
“Educational Networks, Mutual Fund Voting Patterns, and CEO Compensation,” with Alex Butler, Review of Financial Studies, Vol. 25, No. 8, August 2012: 2533-2562.
“Anticipatory and Implementation Effects of FIN 46 on the Behavior of Different Market Participants,” with A. Lerman and J. Ronen, Asia-Pacific Journal of Accounting & Economics, Vol. 19, No. 1, 2012: 30-55.
“Do Hedge Funds Follow Post-Earnings Announcement Drift?” with A. Coskun, Journal of Derivatives and Hedge Funds, Vol. 18, August 2012: 236-253.
“Don’t Believe the Hype: Local Media Slant, Local Advertising and Firm Value,” with A. Butler, Journal of Finance, Vol. 67, Issue 2, April 2012: 561-598.
“Re-examining the Relation Between Audit and Non-Audit Fees: Dealing With Weak Instruments in Two-Stage Least Squares Estimation,” with L. Chan, T. Chen and S. Radhakrishnan, Journal of Accounting, Auditing and Finance, Vol. 27, No. 3, July 2012: 299-324.
“Textual Risk Disclosures and Investors’ Risk Perceptions,” with V. Muslu, Review of Accounting Studies, published online: May 2013.
“Equity Analysts and the Market’s Assessment of Risk,” with A. Tamayo and D. Lui, Journal of Accounting Research, Volume 50, Issue 5, December 2012: 1287-1317.
“DEA-Based Hypothesis Tests for Comparison of Two Groups of Decision Making Units,” with R. Banker and Z. Zheng. European Journal of Operational Research, Vol. 206, 2010: 231-238.
“Technological Progress and Productivity Growth in the U.S. Mobile Telecommunications Industry,” with R. Banker, Z Cao, and N. Menon, Annals of Operations Research, Vol. 173, No. 1, 2010: 77-87.
“Equity Incentives and Long-Term Value Created by SG&A Expenditure,” with R. Banker and R. Huang. Contemporary Accounting Research, August 2010: 794-830.
“A Commitment-Based Explanation for Outsourcing Multiple Tasks,” with P. Liao, Contemporary Accounting Research, article first published online: February 5, 2013; DOI: 10.1111/j.1911-3846.2012.01182.x.
“Re-examining the Relation Between Audit and Non-Audit Fees: Dealing With Weak Instruments in Two-Stage Least Squares Estimation,” with L. Chan, T. Chen and S. Janakiraman, Journal of Accounting, Auditing and Finance, Vol. 27, No. 3, July 2012: 299-324.
“Discretionary Accruals Quality, Cost of Capital and Diversification,” with O. Urcan and S. Demirkan, Journal of Accounting, Auditing and Finance, forthcoming.
“Non-Financial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure,” with D. Dhaliwal, A. Tsang and G. Yang, The Accounting Review, Vol. 87, 2012: 723-759.
“Discussion of ‘Does the Control-Based Approach to Consolidated Statements Better Reflect Market Value Than the Ownership-Based Approach?’ ” The International Journal of Accounting, Vol. 47, 2012: 226-231.
“Vendor/Client Interaction for Requirements Assessments in Software Development: Implications for Feedback Process,” with V. Jacob and R. Jayant, Information Systems Research, Vol. 22, 2011: 289-305.
“Managing the Versions of a Software Product Under Variable and Endogenous Demand,” with K. Dogan, Y. Ji and V.S. Mookerjee, Information Systems Research, Vol. 22, 2011: 5-21.
“The Valuation Relevance of Foreign Translation Adjustment,” with A. Tsang, The International Journal of Accounting, Vol. 46, 2011: 431-458.
“Regulation FD, Accounting Restatements and Transient Institutional Investors’ Trading Behavior,” with X. Li, H. Shin and J. Zhang, Journal of Accounting and Public Policy, Vol. 30, 2011: 298-326.
“Making the Business Case for Corporate Philanthropy,” with B. Lev and C. Petrovits, Director Notes: The Conference Board, August 2, 2011
“Is R&D Mispriced or Properly Risk-Adjusted?” with B. Lev and M. Ciftci, Journal of Accounting, Auditing and Finance, Vol. 26, 2011: 81-116.
“Does Investment Efficiency Improve After the Disclosure of Material Weaknesses in Internal Control over Financial Reporting?” with M. Cheng and D. Dhaliwal, Journal of Accounting and Economics, Vol. 56, No. 1, 2013: 1-18.
“Information Interpretation or Information Discovery: Which Role of Analysts Do Investors Value More?” with J. Livnat, Review of Accounting Studies, Vol. 17, No. 3, September 2012: 612-641.
“Analysts’ Earnings Forecast, Recommendation and Target Price Revisions,” with R. Feldman and J. Livnat, Journal of Portfolio Management, Vol. 38, No. 3, Spring 2012: 120-132.
“Option Prices Leading Equity Prices: Do Option Traders Have an Information Advantage?” with W. Jin and J. Livnat, Journal of Accounting Research, Vol. 50, No. 2, May 2012: 401-432.
“Cover Me: Managers’ Responses to Decreases in Analyst Coverage,” with D. Anantharaman, The Accounting Review, Vol. 86, No. 6, November 2011: 1851-1885.
“Insider-Trading and Option Grant Timing in Response to Fire Sales (and Purchases) of Stocks by Mutual Funds,” with A. Ali and K. Wei. Journal of Accounting Research, Vol. 49, No. 3, 2011: 595-632.
“Accounting Adjustments and the Valuation of Financial Statement Note Information in 10-K Filings,” with G. DeFranco and W. Franco, The Accounting Review, Vol. 86, No. 5, 2011: 1577-1604.