Linda Vincent - Faculty - Kellogg School of Management

Linda Vincent is an Associate Professor in the Accounting Information and Management department. Prior to joining Kellogg in 1999, Professor Vincent taught at the University of Chicago Graduate School of Business.

Professor Vincent’s research interests encompass business combinations, divisive restructurings, real estate, and the informativeness of financial reporting data for securities returns under different information environments and capital structures. Her current work examines the informativeness of earnings conditional on the structure of the firm’s equity capital.

Professor Vincent serves on the editorial boards of the Journal of Accounting and Economics and Accounting Horizons and has served on the editorial board of the Journal of Accounting Research. She is an ad hoc reviewer for The Accounting Review; Contemporary Accounting Research; Journal of Accounting, Auditing and Finance; Real Estate Economics; Review of Accounting Studies; and the Review of Financial Studies.

Professor Vincent was awarded the Chairs’ Core Course Teaching Award in 2000 and the Sidney J. Levy Teaching Award in 2001 and 2003. She received an MBA in Accounting and Finance from Kellogg and a PhD in Accounting from Northwestern University.

Areas of Expertise

Corporate Restructuring
Financial Accounting
Financial Disclosure/Statements
Financial Reporting
Pension Funds
Real Estate
Security Analysis

Recent Kellogg News

Practice meets theory in Kellogg asset management class - 4/10/2008

Kellogg team meets 'challenge' from JPMorgan - 1/17/2008

See all Kellogg News

Education

PhD, 1994, Accounting, Northwestern University

MBA, 1977, Accounting, Finance, Northwestern University, Beta Gamma Sigma, Distinction, Distinguished Scholar

BA, 1970, Northwestern University

Academic Positions

Associate Professor, Kellogg School of Management, Northwestern University, 1999-present

Associate Professor, Graduate School of Business, University of Chicago, 1998-1999

Assistant Professor, Graduate School of Business, University of Chicago, 1994-1998

Visiting Professor, Graduate School of Business, University of Chicago, 1993-1994

Editorial Positions

Editor, Journal of Accounting and Economics, 2003-2009

Research Interests

Capital markets; corporate restructuring including mergers, acquisitions, and divestitures; role of accounting information in firm valuation; economic impact of changes in accounting standards

Articles

Francis, Jennifer, Katherine Schipper and Linda Vincent. 2002. Expanded Disclosures and the Increased Usefulness of Earnings Announcements. Accounting Review. 77(3): 515-546.

Fields, Thomas, Thomas Lys and Linda Vincent. 2001. Empirical Research on Accounting Choice. Journal of Accounting and Economics. 31(3-1): 255-301.

Francis, Jennifer, J. Douglas Hanna and Linda Vincent. 1996. Causes and Effects of Discretionary Asset Write-offs. Journal of Accounting Research. 34(Supplement): 117-134.

Lys, Thomas and Linda Vincent. 1995. An Analysis of the Value Destruction in AT&T's Acquisition of NCR. Journal of Financial Economics. 39(2): 353-378.

Book Chapters

Schipper, Katherine and Linda Vincent. 1998. "Spin-offs: Tax Comparison with an Asset Sale." In The Complete Finance Companion, 85-90. Prentice Hall.

Teaching Interests

Financial accounting; financial statement analysis; investment management

Full-Time / Part-Time MBA

Security Analysis (FINC-463-0)

This course counts toward the following majors: Accounting, Finance.

This course focuses on the valuation of publicly traded equity securities. The tools and techniques include fundamental analysis ("bottoms-up," firm-level, business and financial analysis), preparation of pro forma financial statements, estimation of free cash flows and application of valuation models. The firm's financial statement data constitute a major input to the valuation process. We use cases to illustrate and apply these techniques in several different settings, although this is not a "case course." The goal of the course is to provide students with a strong theoretical and applied understanding of the valuation of equity securities.

Asset Management Practicum I (FINC-933-0)

This course counts toward the following majors: Finance

Students enrolled in this sequence of courses will manage a portion of the Kellogg School’s endowment. The courses will combine investment theory with exposure to leading practitioners. Students will rotate across roles of industry analysts, hedge fund fund-of-funds managers, traders, quantitative analysts, and portfolio managers. Students must take the entire sequence, FINC 933,934 and 935.

Co-requisites: FINC 463 or FINC 444. Over the three-quarter sequence students must take four quarter credits in additional asset management-related courses from the following list:

FINC-442-0 Financial Decisions

FINC-444-0 Advanced Topics in Finance

FINC-447-0 Financial Strategy and Tax Planning

FINC-451-0 Money Markets and the Fed

FINC-460-0 Investments

FINC-463-0 Security Analysis

FINC-464-0 Fixed Income Securities

FINC-465-0 Derivative Markets I

FINC-467-0 Derivative Markets II

ACCT-451-0 Financial Reporting and Analysis

ACCT-452-0 Financial Reporting and Analysis II

Asset Management Practicum II (FINC-934-0)

This course counts toward the following majors: Finance

Students enrolled in this sequence of courses will manage a portion of the Kellogg School’s endowment. The courses will combine investment theory with exposure to leading practitioners. Students will rotate across roles of industry analysts, hedge fund fund-of-funds managers, traders, quantitative analysts, and portfolio managers. Students must take the entire sequence, FINC 933, 934 and 935.

Co-requisites: Over the three-quarter sequence students must take four quarter credits in additional asset management-related courses from the following list:

FINC-442-0 Financial Decisions

FINC-444-0 Advanced Topics in Finance

FINC-447-0 Financial Strategy and Tax Planning

FINC-451-0 Money Markets and the Fed

FINC-460-0 Investments

FINC-463-0 Security Analysis

FINC-464-0 Fixed Income Securities

FINC-465-0 Derivative Markets I

FINC-467-0 Derivative Markets II

ACCT-451-0 Financial Reporting and Analysis

ACCT-452-0 Financial Reporting and Analysis II