Catherine M. Schrand
Catherine M. Schrand is an American academic and the Celia Z. Moh Professor of Accounting at the Wharton School at the University of Pennsylvania.
Early career[edit]
Schrand earned her BBA from the University of Michigan in 1985. She has an M.B.A. (1993) and a Ph.D. (1994) from the University of Chicago. Prior to earning her Ph.D. Schrand worked at KPMG Peat Marwick and served as a staff auditor and audit manager.[1]
Schrand has taught doctoral and undergraduates in Financial Accounting and currently serves as an associate editor of the Journal of Accounting and Economics.[2]
Research[edit]
Professor Catherine Schrand is widely recognized for co-authoring Understanding earnings quality: A review of the proxies, their determinants and their consequences[3] along with Patricia Dechow and Weili Ge. Her research focuses primarily on risk management, disclosure[4][5] and equity financing.[6] Her graduate student, Sarah Zechman, led work showing how accounting fraud emerges full bloom from small initial misstatements by managers who are overconfident of their firms' prospects.[7][8]
Selected publications[edit]
- Minton, Bernadette A.; Schrand, Catherine (1999). "The impact of cash flow volatility on discretionary investment and the costs of debt and equity financing". Journal of Financial Economics. 54 (3): 423–460. doi:10.1016/S0304-405X(99)00042-2.
- Dechow, Patricia; Ge, Weili; Schrand, Catherine (2010-12-01). "Understanding earnings quality: A review of the proxies, their determinants and their consequences". Journal of Accounting and Economics. 50 (2): 344–401. doi:10.1016/j.jacceco.2010.09.001. ISSN 0165-4101.
- Schrand, Catherine M.; Zechman, Sarah L. C. (2012). "Executive overconfidence and the slippery slope to financial misreporting". Journal of Accounting and Economics. 53 (1): 311–329. doi:10.1016/j.jacceco.2011.09.001. ISSN 0165-4101. S2CID 27325383.
- Géczy, Christopher; Minton, Bernadette A.; Schrand, Catherine (1997). "Why Firms Use Currency Derivatives". The Journal of Finance. 52 (4): 1323–1354. doi:10.1111/j.1540-6261.1997.tb01112.x.
Awards and honors[edit]
Schrand received the Best Paper Award from the American Accounting Association's Financial Accounting and Reporting Section in 2020[9] for her paper Run EDGAR Run:SEC dissemination in a high frequency world.[10]
References[edit]
- ^ "Catherine M. Schrand". Accounting Department. Retrieved 2020-06-10.
- ^ Journal of Accounting and Economics - Editorial Board https://www.journals.elsevier.com/journal-of-accounting-and-economics/editorial-board
- ^ Dechow, Patricia; Ge, Weili; Schrand, Catherine (1 December 2010). "Understanding earnings quality: A review of the proxies, their determinants and their consequences". Journal of Accounting and Economics. 50 (2): 344–401. doi:10.1016/j.jacceco.2010.09.001.
- ^ Schrand, Catherine M.; Walther, Beverly R. (1 April 2000). "Strategic Benchmarks in Earnings Announcements: The Selective Disclosure of Prior‐Period Earnings Components". The Accounting Review. 75 (2): 151–177. doi:10.2308/accr.2000.75.2.151.
- ^ "Accounting tricks help sinking companies turn red ink black". Green Bay Press-Gazette. 2001-07-01. p. 47. Retrieved 2022-10-26.
- ^ Minton, Bernadette A.; Schrand, Catherine (1 December 1999). "The impact of cash flow volatility on discretionary investment and the costs of debt and equity financing". Journal of Financial Economics. 54 (3): 423–460. doi:10.1016/S0304-405X(99)00042-2.
- ^ "When corporate confidence turns out to be a con". The News Journal. 2008-03-17. pp. [1], [2]. Retrieved 2022-10-26.
- ^ Bruns, Greg (2009-01-12). "Expect crackdown on financial execs". Chicago Tribune. pp. 1–17. Retrieved 2022-10-26.
- ^ Schrand, Catherine M.; Zechman, Sarah L. C. (2012). "Executive overconfidence and the slippery slope to financial misreporting". Journal of Accounting and Economics. 53 (1): 311–329. doi:10.1016/j.jacceco.2011.09.001. ISSN 0165-4101. S2CID 27325383.
- ^ "Best Paper | American Accounting Association". aaahq.org. Retrieved 2022-10-26.
External links[edit]
- Catherine M. Schrand publications indexed by Google Scholar
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