The internationally recognized Fox School accounting faculty are actively engaged in research covering a broad spectrum of topics relevant to the private sector, government, and to not-for-profit institutions. 

The Department ranks in the Top 20 in “research “productivity (Coyne et al. 2010).  Its PhD program ranks 20 overall in accounting doctoral programs for recent graduates, rated high in specific areas and methods including Auditing (1), Archival (14), Managerial (26), and Financial (33) (Stephens, et al. 2011).

The faculty aims to create and expand knowledge and understanding of accounting in theory and practice in these core areas. Through scholarship, teaching, and outreach, faculty seeks to communicate this to our students, to the profession, and to continuously be recognized as a top research program nationally and internationally.


Accounting plays a vital role in the development and growth of businesses and other entities in society. Accurate, reliable and transparent disclosures and financial information are critical for owners, managers, providers of capital and other parties to make informed decisions about how to use and allocate resources. Accountants and auditors support and help ensure that capital markets are functioning properly. As capital markets have grown internationally and continue to become more globally integrated, the role of accounting and implications of our research crosses boundaries and borders.

Themes – The Global Impact Of Fox School Research

Research is a top priority at the Fox School. Faculty and students across departments regularly make unique contributions that impact the academic world and the global business community, as well as society as a whole. Learn more about the important work done at Fox by exploring the following research themes.​​

Focusing on approaches to, and consequences of, measuring managerial activity and implications for firm valuation.

Addressing the implications of the separation of ownership from control for monitoring; research in this area includes understanding compensation structures, the role of internal and external auditors, and risk assessment.

Investigating the role of incentives of managers, auditors and the corporate board in determining the transparency and quality of financial reporting; this area also includes how the firm communicates to investors, potential investors, creditors, employees, and other stakeholders.

Focusing on the role of regulation (e.g., SEC) in financial reporting, the shift in the public accounting profession from self-regulation to independent regulation (and the PCAOB), and recent regulatory changes in corporate governance brought about by the Sarbanes-Oxley and Dodd-Frank Acts and financial accounting standards setting (FASB, IASB).

Examining the relevance and reliability of information that is useful to decision makers and using economic and psychological theories to understand the role of information by managers in organizations, participants in labor markets and investors in capital markets.

Sample Publications

Balsam, S., Harris, E.E., Saxton, G., “The Use and Consequences of Perquisites in Nonprofit Organizations,” Journal of Accounting and Public Policy (39:4), 106737.

Banker, R.D., Fang, S., and Mehta, M., “Anomalous Operating Performance During Economic Slowdowns,” Journal of Management Accounting Research (in press).

Basu, S., Vitanza, J., and Wang, W., “Asymmetric Loan Loss Provision Models,” Journal of Accounting and Economics (70:2/3), 101359 (in press).

Chy, M., De Franco, G., and Su, B., “The Effect of Auditor Litigation Risk on Client Access to Bank Debt: Evidence from a Quasi-Experiment,” Journal of Accounting and Economics, 101354 (in press).

Francis, J.R., and Wang, W., “Common Auditors and Private Bank Loans,” Contemporary Accounting Research (forthcoming).

Balsam, S., Evans, J.H., and Yurko, A., “The Impact of Regulation on Executive Compensation: I.R.C. Section 162(m) and the Unexpected Exclusion of CFOs,” Journal of the American Tax Association (41: 2), 59-81.

Banker, R.D., Darrough, M., Li, S., and Threinen, L., “The Value of Precontract Information About an Agent’s Ability in the Presence of Moral Hazard and Adverse Selection,” Journal of Accounting Research (57:5), 1201-1245.

Banker, R.D., Huang, R., Natarajan, R., and Zhao, S., “Market Valuation of Intangible Asset: Evidence on SG&A Expenditure,” The Accounting Review (94:6), 61-90.

Basu, S., and Liang, Y., “Director Liability Reduction laws and Conditional Conservatism,” Journal of Accounting Research (57:4), 889-917.

Brown, L.D., Call, A.C., Clement, M.B., and Sharp, N.Y., “Managing the Narrative: Investor Relations Officers and Corporate Disclosure,” Journal of Accounting and Economics (67:1), 58-79.

Byzalov, D., and Basu, S., Modeling the Determinants of Meet-or-Just-Beat Behavior in Distribution Discontinuity Tests,” Journal of Accounting and Economics (68:2/3), 101266.

Khurana, I.K., and Wang, W., “International Mergers and Acquisitions Laws, the Market for Corporate Control and Accounting Conservatism,” Journal of Accounting Research (57:1), 241-290.

Balsam, S., Gu, Y., Mao, C.X., “Creditor Influence and CEO Compensation: Evidence from Debt Covenant Violations,” The Accounting Review (93:5), 23-50.

Balsam, S., Harris, E.E., “Nonprofit Executive Incentive Pay,” The Review of Accounting Studies (23:4), 1665-1714.

Banker, R.D., Byzalov, D., Fang, S., Liang, Y., “Cost Management Research,” Journal of Management Accounting Research (30:3), 187-209.

Basu, S., Krishnan, Jagan, Lee, J.E., and Zhang, Y., “Economic determinants and consequences of voluntary disclosure of internal control effectiveness: Evidence from Initial Public Offerings,” Auditing: A Journal of Practice and Theory (37:4), 1-24.

Gordon, E.A., and Hsu, H.-T., “Tangible Long-Lived Asset Impairments and Future Operating Cash Flows under U.S. GAAP and IFRS,” The Accounting Review (93:1), 187-211.

Banker, Rajiv D., Sudipta Basu, and Dmitri Byzalov. (2017) Implications of Impairment Decisions and Assets’ Cash-Flow Horizons for Conservatism Research. The Accounting Review, 92(2), 41-67.

GordonElizabeth, A. Henry, Elaine Jorgensen, and Bjorn Linthicum. (2017) Flexibility in Cash Flow Classification Under IFRS: Determinants and Consequences. Review of Accounting Studies, 22(2), 839-872.

KrishnanJaganKrishnanJayanthi, and Song, Hakjoon. (2017) PCAOB International Inspections and Audit Quality. The Accounting Review, 92(5), 143-166.

Balsam, Boone, Liu, and Yin. (2016) The Impact of Say-on-Pay on Executive Compensation. Journal of Accounting and Public Policy, 35(2), 162-191.

Banker, R.D.Basu, S.Byzalov, D., and Chen, J.Y.S. (2016) The Confounding Effect of Cost Stickiness in Conservatism Research. Journal of Accounting and Economics, 61(1), 203-220.

Brown, L.D., Call, A., Clement, M., and Sharp, N. (2016) The Activities of Buy-Side Analysts and the Determinants of their Recommendations. Journal of Accounting and Economics, 62(1), 139-156.

ByzalovDmitri, and Sudipta Basu. (2016) Conditional Conservatism and Disaggregated Bad News Indicators in Accrual Models. Review of Accounting Studies, 21(3), 859-897.

De George, Emmanuel, Xi Li, and Lakshmanan Shivakumar. (2016) A Review of the IFRS Adoption Literature. Review of Accounting Studies, 21(3), 898-1004.

LiXi I., and Holly I. Yang. (2016) Mandatory Financial Reporting and Voluntary Disclosure: The Effect of Mandatory IFRS Adoption on Management Forecasts. The Accounting Review, 91(3), 933-953.

Ball, Ray, Xi Li, and Lakshmanan Shivakumar. (2015) Contractibility and Transparency of Financial Statement Information Prepared under IFRS: Evidence from Debt Contracts around IFRS Adoption. Journal of Accounting Research, 53(5), 915-63

Brown, L.D., Call, A.C., Clement, M.B., and Sharp, N.Y D., Andrew C. Call, Michael B. Clement, and Nathan Y. Sharp. (2015) Inside the “Black Box” of Sell-Side Financial Analysts. Journal of Accounting Research, 53(1), 1-47

Chen, L.H., Krishnan, Jayanthi, and Sami, H.>Chen, Lucy Huajing, Jayanthi Krishnan, and Heibatollah Sami. (2015) Goodwill Impairment Charges and Analyst Forecast Properties. Accounting Horizons, 29(1), 141-169.

Amin, K., Krishnan, Jagan, and Yang, J.S. (2014) Going Concern Opinion and Cost of Equity. Auditing: A Journal of Practice and Theory, 33(4), 1-39.

Baber, W.R., Krishnan, Jagan, and Zhang, Y. (2014) Investor Perceptions of the Earnings Quality Consequences of Hiring an Affiliated Auditor. Review of Accounting Studies, 19(1), 69-102.

Balsam, S., and Harris, E.E. (2014) The Impact of CEO Compensation on Nonprofit Donations The Accounting Review, 89(2), 425-450.

Balsam, S., Jiang, W., and Lu, B. (2014) Equity Incentives and Internal Control Weaknesses Contemporary Accounting Research, 31(1), 178-201.

Banker, R.D., and Byzalov, D. (2014) Asymmetric Cost Behavior. Journal of Management Accounting Research, 26(2), 43-79.

Banker, R.D., and Kaplan, R.S. (2014) William W. Cooper: Innovator, Fighter, and Scholar. Accounting Horizons, 28(1), 193-203.

Banker, R.D., Byzalov, D., and Plehn-Dujowich, J.M. (2014) Demand Uncertainty and Cost Behavior The Accounting Review, 89(3), 839-865.

Banker, R.D., Byzalov, D., Ciftci, M., and Mashruwala, R. (2014) The Moderating Effect of Prior Sales Changes on Asymmetric Cost Behavior,” Journal of Management Accounting Research, 26(2), 221-242.

Banker, R.D., Byzalov, D., and Chen, L. (2013) Employment Protection Legislation, Adjustment Costs and Cross-Country Differences in Cost Behavior. Journal of Accounting and Economics, 55(1), 111-127.

Banker, R.D., Darrough, M.N., Huang, R., and Plehn-Dujowich, J.M. (2013) The Relation between CEO Compensation and Past Performance. The Accounting Review, 88(1), 1-30.

Basu, S. Book Review: Accounting and Order by Mahmoud Ezzamel. The Accounting Review, 88(4), 1496-1499.

Basu, S. Devil’s Advocate: The Most Incorrect Beliefs of Accounting Experts. Accounting Horizons, 27(4), 841-846.

Bradshaw, M. T., Brown, L.D., and Huang, K. (2013) Do Sell-Side Analysts Exhibit Differential Target Price Forecasting Ability. Review of Accounting Studies, 18(4), 930-955.

Bradshaw, M., Bens, D., Frost, C.A., Gordon, E.A., McVay, S., Miller, G., Pfeiffer, R., Plumlee, M., Shakespeare, C., Thomas, W., and Wong, F. (2013) Financial Reporting Policy Committee of the

American Accounting Association’s Financial Accounting and Reporting Section: Accounting Standard Setting for Private Companies. Accounting Horizons, 28(1), 175-192.

Brown, L.D., and Huang, K. (2013)Recommendation-Forecast Consistency and Earnings Forecast Quality Accounting Horizons , 27(3), 451-467.

Brown, L.D., and Larocque, S. (2013) I/B/E/S Reported Actual EPS and Analysts’ Inferred Actual EPS. The Accounting Review, 88(3), 853-880.

Chen, L.H., Krishnan, Jayanthi, Sami, H., and Zhou, H. (2013) Auditor Attestation under SOX Section 404 and Earnings Informativeness. Auditing: A Journal of Practice and Theory, 32(1), 61-84.

Goh, B., Krishnan, Jayanthi, and Li, D. (2013) Auditor Reporting under Section 404: The Association between the ICFR and Going Concern Audit Opinions. Contemporary Accounting Research, 30(3), 970-995.

Gordon, E.A., Greiner, A., Kohlbeck, M.J., Lin, S., and Skaife, H. (2013) Challenges and Opportunities in Cross-country Accounting Research. Accounting Horizons, 27(1), 141-154.

Krishnan, Jagan, Li, C., and Wang, Q. (2013) Auditor Industry Expertise and Cost of Equity Accounting Horizons, 27(4), 667-691.

Ye, Z.S., Hermanson, D.R., and Krishnan, Jagan (2013) Shareholder Voting in Director Elections and Initial SOX Section 404 Reports. Journal of Accounting, Auditing and Finance, 28(2), 103-127.