Linda Vincent
Linda Vincent

Associate Professor of Accounting Information & Management

Print Overview

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

Professor Vincent’s research interests are in the areas of financial reporting and capital markets with a focus on business combinations, divisive restructurings, real estate, pensions, and the informativeness of financial reporting data for securities returns under different information environments and capital structures.

Professor Vincent has served on the editorial boards of the Journal of Accounting and Economics, Accounting Horizons, and 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, 2003, and 2007. 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

Print Vita
PhD, Accounting, Northwestern University
MBA, Accounting, Finance, Northwestern University, Beta Gamma Sigma, Distinction, Distinguished Scholar
BA, Social Sciences, 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
Instructor, Graduate School of Business, University of Chicago, 1993-1994

Honors and Awards
Sidney J. Levy Teaching Award, Kellog School of Management, 2006-2007, 2005-2006, 2002-2003, 2000-2001
Chairs, Kellog School of Management, 1999-2000
Outstanding Faculty, Business Week, 1998-1999

Editorial Positions
Editorial Board, Journal of Accounting and Economics, 2003-2009
Editorial Board, Accounting Horizons, 2003-2007
Editorial Board, Journal of Accounting Research, 1998-2001

Print Research
Research Interests
Capital markets; financial reporting; corporate restructuring including mergers, acquisitions, and divestitures; role of accounting information in firm valuation; economic impact of changes in accounting standards; valuation. 

Vincent, LindaThomas Lys and Nir Yehuda. Forthcoming. The Nature and Implications of Acquisition Goodwill. Asia-Pacific Journal of Accounting and Economics.
Vincent, Linda and Brian Cadman. 2015. The Role of Defined Benefit Pension Plans in Executive Compensation. European Accounting Review. 24(4): 779-800.
Francis, Jennifer, Katherine Schipper and Linda Vincent. 2005. Earnings and Dividend Informativeness when Cash Flow Rights are Separated from Voting Rights. Journal of Accounting and Economics. 39(2): 329-360.
Schipper, Katherine and Linda Vincent. 2003. Earnings Quality. Accounting Horizons. 17(Supplement): 97-110.
Francis, Jennifer, Katherine Schipper and Linda Vincent. 2003. The Relative and Incremental Information Content of Alternative (to Earnings) Performance Measures. Contemporary Accounting Research. 20(1): 121-164.
Francis, Jennifer, Katherine Schipper and Linda Vincent. 2002. Earnings Announcements and Competing Information. Journal of Accounting and Economics. 33(3): 313-342.
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.
Maydew, Edward, Katherine Schipper and Linda Vincent. 1999. The Impact of Taxes on the Choice of Divestiture Method. Journal of Accounting and Economics. 28(2): 117-150.
Vincent, Linda. 1999. The Information Content of Funds from Operations (FFO) for Real Estate Investment Trusts (REITs). Journal of Accounting and Economics. 26(1): 69-104.
Vincent, Linda. 1997. The Equity Valuation Implications of the Purchase and Pooling Methods of Accounting. Journal of Financial Statement Analysis. 2(4): 5-19.
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.
Korajczyk, RobertLinda Vincent, Matthew Galas, Saurabh Goyal, David Mathews and Danielle Qi. 2013. Universal Display Corporation: Go Long or Short?. Case 5-312-502 (KEL716).

Print Teaching
Teaching Interests
Financial accounting; financial statement analysis; investment management
Full-Time / Evening & Weekend MBA
Accounting For Decision Making (ACCT-430-0)
This course acquaints students with the process used to construct and understand the financial reports of organizations. The objective is to understand the decisions that must be made in the financial reporting process and to develop the ability to evaluate and use accounting data. Emphasis is placed on understanding the breadth of accounting measurement practices and on being able to make the adjustments necessary for careful analysis. The course highlights the linkages between accounting information and management planning, and decision making and control. Course sections that end in "H" will be taught in a format that combines the convenience and flexibility of online learning with the social and instructional benefits of face-to-face classroom experiences. Online sessions are conducted synchronously with classmates and faculty.

Prior to beginning ACCT 430, students are required to complete a prep course based on their specific academic program.

Evening and Weekend Students are required to complete this Accounting Essentials Prep Course

1Y and MMM students are required to complete this Accounting Essentials Prep Course

2Y students are required to complete this Accounting Essentials Prep Course

Asset Management Practicum II (FINC-457-0)

**This course was formerly known as FINC-934-0**

Recommended prerequisite: FINC 431 Finance II

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

1. One of FINC 442, FINC 444, FINC 463, or FINC 477 - must be taken during or before the first quarter of the practicum. 2. FINC 950 Capital Markets 3. One course from the Additional Courses list

Additional Courses

- ACCT-451 (Financial Reporting and Analysis)
- ACCT-452 (Financial Reporting and Analysis II)
- FINC-442 (Financial Decisions)
- FINC-444 (Advanced Topics in Finance)
- FINC-447 (Financial Strategy and Tax Planning)
- FINC-451 (Money Markets and the Fed)
- FINC-460 (Investments)**
- FINC-462 (Portfolio Management)
- FINC-463 (Security Analysis)
- FINC-464 (Fixed Income Securities)
- FINC-465 (Derivative Markets I)
- FINC-467 (Derivative Markets II)
- FINC-477 (Global Entrepreneurial Finance)**
- FINC-936 (Asset Management Practicum IV)
- FINC-941 (Macroeconomic Policy and Global Capital Markets)
- FINC-950 (Capital Markets)

Securities Analysis (FINC-463-0)
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.

Field Study (FINC-498-0)
Field Studies include those opportunities outside of the regular curriculum in which a student is working with an outside company or non-profit organization to address a real-world business challenge for course credit under the oversight of a faculty member.

Research (ACCT-590-0)
Independent investigation of selected problems pertaining to thesis or dissertation. May be repeated for credit.