Accounting Information & Management

  • Ronald Dye
    Leonard Spacek Professor of Accounting Information and Management
    Ronald Dye Photo © Nathan Mandell

Events of the last several years have taught everyone how important accounting is to the proper functioning of capital markets, as well as to the proper governance of corporations. Business leaders with a solid understanding of accounting are more effective as analysts, investors, creditors, senior managers, in short, all areas concerned with judging a firm's performance.  more...

Kellogg Insight presents articles on Accounting

Pinpointing the Value in CSR
The unexpected link between CSR spending and financial performance
by Thomas Lys , James Naughton And Clare Wang
The unexpected link between CSR spending and financial performance: Does CSR increase shareholder value? Recent research finds that expenditures in corporate social responsibility activities reduce shareholder value, on average, even though these expenditures are associated with positive stock returns. This apparent inconsistency suggests that executives should reexamine the conventional wisdom on CSR initiatives.

Managing Managers’ Reputations
How managers’ concern for their reputations influences their disclosure of earnings forecasts
Based on the research of Anne Beyer And Ronald A. Dye
How managers’ concern for their reputations influences their disclosure of earnings forecasts : A new model outlines the link between managers’ reputations and how they disclose earnings forecasts and other voluntary disclosures. The model establishes that some managers will exploit their strong reputations for being forthcoming by not disclosing information that reduces their firm’s stock price, while other managers may attempt to improve their reputation for being forthcoming by disclosing unfavorable information whose release could reduce their firms’ current market values.

More than Risk Management
Non-hedging derivatives broadly used, but also broaden risks
Based on the research of Hariom Manchiraju , Spencer Pierce And Swaminathan Sridharan
Non-hedging derivatives broadly used, but also broaden risks: Until recently, no one knew how exactly companies were using derivatives. Were the investments hedging, or something else? Research by Swaminathan (Sri) Sridharan lifts the curtain on how firms are really using derivatives.

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