Alumni Association

UK's Lancaster University Honors Barth
for Accounting Contributions
GSB Professor Mary Barth is described as an "international standard setter" by the Lancaster University Management School which has presented her with an honorary degree recognizing her service to the profession. Do SEC Rules on Insider Trading Really ProtectDetails

Execs Often Show Good Timing With Stock-Sales Plans
Newly-released academic research by GSB Professor
Alan Jagolinzer shows that executives who voluntarily give the most detail about prearranged plans to sell stock are the ones who have had the best timing with their stock sales. USAToday.com, May 27, 2008 Execs Often Show Good Timing Details

Do SEC Rules on Insider Trading Really Protect?
Securities and Exchange Commission Rule 10b5-1, designed to keep permitted insider trades from hurting others in the market, may not be achieving its goal, says GSB Professor Alan Jagolinzer. Do SEC Rules on Insider Trading Really ProtectDetails

Your Auditor's Other Clients Can Effect Your Stock Price
Recent research by GSB Professor Anne Beyer finds that the stock price of a given firm varies based on the quality of audits of other firms in the client portfolio of its auditor. Linkage Between ROI and the Economic Rate of ReturnDetails

Understanding the Linkage Between ROI and the Economic Rate of Return
What does return on investment really mean? A new tool gives investors and managers help decoding the true economic profitability of a business based on reported accounting metrics. Developed by GSB Professors Rajan, Reichelstein, and Soliman. Understanding the Linkage Between ROI and the Economic Rate of ReturnDetails

Changing the Debate about Corporate Governance
Lucky Strikes: Public Policy Issues in Backdating and Springloading Conference explored the U.S. stock options backdating scandal that appears likely to continue expanding to more companies as government investigations, internal corporate inquiries, and academic research reveal more problems. Changing the Debate about Corporate GovernanceDetails

Excessive Executive Pay Makes Headlines, But So What?
The business press loves to expose stories of excessive executive compensation. GSB Professor David Larcker says the media may single out egregious cases, but the unflattering publicity doesn't seem to make any difference in how firms pay those top executives. Excessive Executive Pay Makes HeadlinesDetails

Non-Financial Data Can Predict Future Profitability
Looking at customer relationship metrics in conjunction with other financial measurements can forecast a financial profitability number for the coming year 15 percent closer to the actual figure, says GSB Accounting Professor Madhav Rajan. Non-Financial Data Can Predict Future ProfitabilityDetails

Use Weighted Averages to Determine Transfer Pricing
In a prize-winning research paper, Stefan Reichelstein, the William R. Timken Professor of Accounting at the GSB, with co-authors Tim Baldenius and Nahum Melumad, both of Columbia University, have developed a real-world answer to transfer pricing that balances both the economic criteria confronted by Hirshleifer and the puzzle of international tax rates. Using Weighted Averages to Determine Transfer PricingDetails

What Led to Enron, WorldCom and the Like?
The corporate governance failures seen in the 1990s reflect significant changes in the incentives of managers, a rise in incentives to manage earnings, and major shifts in the structure of auditing firms, says Maureen McNichols, director of the School's Corporate Governance Executive Program. What Led to Enron, WorldCom and the Like?Details