Accounting


Faculty members’ research interests include accounting information and capital markets, managerial accounting for decision making, international accounting, accounting theory, auditing, accounting ethics, and the behavioral implications of accounting. Faculty research is supported by the professional accounting bodies and other agencies. Most of the accounting faculty hold professional designations in addition to their academic degrees.

Faculty List & Specializations

NamePositionSpecialization & Research Interests
Dennis ChungProfessor, Accounting Liquidity, Investor Protection, Market Behaviour
Craig EmbyProfessor, Accounting Human information processing / judgment, decision making, particularly professional judgment in accounting and auditing.
Michael Favere-MarchesiAssociate Professor, Accounting Audit Judgment and Decision-Making; Fraud; Comparative Audit Markets and Systems; Cultural Influences on Accounting and Controls; International Accounting Differences; Internal Auditing
Teresa FungLecturer
Irene M. GordonProfessor, Accounting Accounting theory; Financial accounting; Accounting education; Accounting and corporate social responsibility.
Karel HrazdilAssociate Professor, Accounting Price formation process (market microstructure); Industry classification; Financial reporting quality
Johnny JermiasProfessor, Accounting

Judgment in Decision Making, Strategic Management Accounting, Performance Measurement and Productivity, Innovation in Management Accounting, Corporate Governance, and Corporate Disclosure.

E. Anne MacdonaldSenior Lecturer, Accounting Senior lecturer in financial accounting and auditing.
Fereshteh MahmoudianAssistant Professor, Accounting
Jamal A. NazariAssistant Professor, Accounting Environmental and social performance, sustainability reporting, corporate governance, intellectual capital, value relevance of accounting measures, and methodological issues in accounting research
Stephen SpectorSenior Lecturer, Accounting
Hwee TanAssistant Professor, Accounting
Kim TrottierAssociate Professor Mathematical modeling

Capital markets

Information economics

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Awards & Achievements


2013
  • Nazari, Jamal: SFU Endowed Research Fellow: Corporate governance and corporate social responsibility (2013)

2012
  • Emby, Craig: Institute of Chartered Accountants of British Columbia Research Fellow (2012)
  • Hrazdil, Karel & Chung, Dennis: SSHRC Insight Development Grant: Liquidity and market efficiency: Canadian evidence (2012-2013)
  • Hrazdil, Karel & Trottier, Kim: CAAA-CICA Research Grant: The global industry classification system and its implications for intra-industry information transfers (2012)

2011
  • Emby, Craig: Institute of Chartered Accountants of British Columbia Research Fellow (2011)
  • Gordon, Irene: CGA Research Fellow (2011)
  • Hrazdil, Karel: SFU Institutional SSHRC Small Grant: The role of global industry classification in capital market research (2011)
  • Trottier, Kim: SFU Institutional SSHRC Small Grant: A critical analysis of event study methodology(2011)

2010
  • Chen, Yasheng: SFU Institutional SSHRC Small Grant: Tracking the use of accounting information (2010)
  • Chen, Yasheng: SSHRC Research Development Initiative Grant: Tracking the use of accounting information (2010-2012)
  • Emby, Craig: Institute of Chartered Accountants of British Columbia Research Fellow (2010)
  • Gordon, Irene: CGA Research Fellow (2010)
  • Jermias, Johnny: SFU Instritutional SSHRC Small Grant: Competitive strategy and governance structure co-alignment: An empirical investigation of its performance implications on Canadian firms (2010)

2009
  • Emby, Craig: Institute of Chartered Accountants of British Columbia Research Fellow (2009)
  • Gordon, Irene: CGA Research Fellow (2009)
  • Hrazdil, Karel: SFU Institutional SSHRC Small Grant: Corporate Governance of Small Canadian Firms

2008
  • Chen, Yasheng: SSHRC Special Call in Management Business and Finance: Adopting international financial reporting standards: Economic efficiency and institutional influence (2008-2011)
  • Chung, Dennis: SSHRC Standard Research Grant: Commonality in liquidity and market efficiency: A cross country analysis (2008-2011)
  • Emby, Craig: Institute of Chartered Accountants of British Columbia Research Fellow (2008)
  • Gordon, Irene: CGA Research Fellow (2008)

2007
  • Emby, Craig: Institute of Chartered Accountants of British Columbia Research Fellow (2007)
  • Emby, Craig: Deloitte & Touche / CAAA Research Grant: An examination and analysis of the second partner review process (2007-2008)
  • Gordon, Irene: CGA Research Fellow (2007)
  • Gordon, Irene: CGA Research Grant: Much talk, not enough action: Textbooks and accounting education post Enron (2007-2008)
  • Fizzell, Maureen: CMA-SFU Business Academic Fellow (2007)
  • Niu, Jijun: Swiss National Science Foundation Fellowship (2007)

2006
  • Chen, Yasheng & Jermias, Johnny: SFU Institutional SSHRC Small Grant: The balanced scorecard approach to predicting new venture survival (2006-2009)
  • Chen, Yasheng: SFU Faculty of Business Administration Research Initiative Grant: Corporate governance and executive compensation studies (2006-2008)
  • Emby, Craig: Institute of Chartered Accountants of British Columbia Research Fellow (2006)
  • Fizzell, Maureen: CMA-SFU Business Academic Fellow (2006)
  • Gordon, Irene: CGA Research Fellow (2006)
  • Jermias, Johnny: CMA/CAAA Research Grant: The Effects of Corporate Governance on the Relationship Between innovative Efforts and Performance: Evidence from Canada (2006-2007)
  • Niu, Jijun: Swiss National Science Foundation Fellowship (2006)

2005
  • Chen, Yasheng: Deloitte & Touche / Canadian Academic Accounting Association Research Grant: The determinants of tax planning effectiveness of MNC subsidiaries in China (2005-2006)
  • Emby, Craig: Institute of Chartered Accountants of British Columbia Research Fellow (2005)
  • Favere-Marchesi, Michael: Deloitte & Touche / CAAA Research Grant: Effects of Alternative Forms of review on the performance of Audit Teams (2005-2006)
  • Fizzell, Maureen: CMA-SFU Business Academic Fellow (2005)


Recent Faculty Books


2010
  • Chung, D.Y., Mittoo, U.R. & Zhang, Z. (2010). Country-of-origin determinants of value creation in international joint ventures: A comparison of Hong Kong and U.S. investments in China. In L.P. Blenman, H.A. Black & E. Kane (Eds.), Banking and capital markets: New international perspectives. New Jersey: World Scientific. ISBN: 978-981-4273-60-2

2008
  • Hoskin, R.E., Fizzell, M.R. & Cherry, D.C. (2008). Financial accounting: A user’s perspective, Fifth Canadian Edition. Toronto, ON: Wiley Canada.

2007
  • Brockman, P. & Chung, D.Y. (2007). Liquidity provision in the Hong Kong warrants market: Evidence from equity, derivative, and basket warrants. In F.-S. Lhabitant & G.N. Gregoriou (Eds.), Stock market liquidity: Implications for market microstructure and asset pricing. New Jersey: John Wiley and Sons Inc.
  • Messier, W.M. Jr., Emby, C., Glover, S. & Prawitt, D. (2007). Auditing & assurance services: A systematic approach, 3rd Canadian edition. Toronto, ON: McGraw-Hill Ryerson.

2005
  • Emby, C. & Spector, S. (2005). Risk and materiality in audit and review engagements, Revised Edition. Vancouver, BC: Canadian Certified General Accountants Association.
  • Emby, C. & Spector, S. (2005). Analytical procedures: A guide for practitioners. Revised Edition. Vancouver, BC: Canadian Certified General Accountants Association.

Research Papers


2014
  • Chen, Yasheng & Jermias, Johnny (2014). Business strategy, executive compensation and firm performance. Accounting & Finance 54.1: 113-134. doi: 10.1111/j.1467-629X.2012.00498.x
  • Chung, Dennis Y., Hrazdil, Karel & Trottier, Kim (2014). Industry classification and the efficiency of intra-industry information transfers. American Journal of Business 29.1: 95 - 111. doi: 10.1108/AJB-03-2013-0014
  • Hrazdil, Karel, Trottier, Kim & Zhang, R. (2014). An intra and inter-industry evaluation of three classification scheme common in capital market research. Applied Economics 46.17: 2021-2033. doi: 10.1080/00036846.2014.892200


2013
  • Chung, D.Y.& Hrazdil, K. (2013). Speed of convergence to market efficiency in the ETFs market. Managerial Finance, Special Issue on Exchange-Traded Funds 39.5: 457-475. doi: 10.1108/03074351311313852
  • Hrazdil, K., Trottier, K.& Zhang, R. (2013). A comparison of industry classification schemes: A large sample study. Economics Letters 118.1:77-80. doi: 10.1016/j.econlet.2012.09.022
  • Jermias, Johnny & Yigit, Fatih (2013). Budgetary participation in Turkey: The effects of information asymmetry, goal commitment, and role ambiguity on job satisfaction and performance. Journal of International Accounting Research 12.1: 29-54. doi: 10.2308/jiar-50385


2012
  • Chung, D.Y. & Hrazdil, K. (2012). Speed of convergence to market efficiency: The role of ECNs. Journal of Empirical Finance 19.5:702-720. doi: 10.1016/j.jempfin.2012.08.006
  • Gani, L. & Jermias, Johnny (2012). The effects of strategy–management control system misfits on firm performance. Accounting Perspectives 11.3:165-196. doi:10.1111/j.1911-3838.2012.00038.x
  • Gordon, I., Hrazdil, K. & Shapiro, D. (2012). Corporate governance in publicly traded small firms: A study of Canadian venture exchange companies. Business Horizons 55.6: 583-591. doi: 10.1016/j.bushor.2012.07.005
  • Hrazdil, Karel & Zhang, Ray (2012). The importance of industry classification in estimating concentration ratios. Economic Letters 114(2): 224-227. doi: 10.1016/j.econlet.2011.10.001
  • Hrazdil, Karel & Scott, Thomas (2012). The role of industry classification in estimating discretionary accruals. Economic Letters 114(2): 224-227. doi: 10.1007/s11156-011-0268-6


2011
  • Chung, D.Y. & Hrazdil, K. (2011). Market efficiency and the post-earnings announcement drift. Contemporary Accounting Research 28.3: 926-956. doi: 10.1111/j.1911-3846.2011.01078.x
  • Gordon, I. (2011). Lessons to be learned: An examination of Canadian and U.S. financial accounting and auditing textbooks for ethics/governance coverage. Journal of Business Ethics 101.1: 29-47.doi: 10.1007/s10551-010-0706-8
  • Trottier, K. (2011). The effect of reversibility on a manager's decision to record asset impairments. http://ssrn.com/abstract=1840746
  • Trottier, K. (2011). What does the market say about say on pay? A look at the Canadian bank experience. http://ssrn.com/abstract=1840673


2010
  • Chung, D.Y. & Hrazdil, K. (2010). Liquidity and market efficiency: A large sample study. Journal of Banking and Finance 34.10: 2346-2357.doi:10.1016/j.jbankfin.2010.02.021
  • Emby, C. & Favere-Marchesi, M. (2010). Review partners and engagement partners: The interaction process in engagement quality review. Auditing: A Journal of Practice & Theory 29.2: 215-232.doi: 10.2308/aud.2010.29.2.215
  • Hrazdil, K. (2010). S&P 500 Index inclusion announcements: Does the S&P committee tell us something new? Managerial Finance 36.5: 368-393. doi: 10.1108/03074351011039418
  • Hrazdil, K. & Atanasova, C. (2010). Why do healthy firms choose to freeze their pension plans? Global Finance Journal 21.3: 293-303.
  • Hrazdil, K. & Chung, D.Y. (2010). Liquidity and market efficiency: Analysis of NASDAQ firms. Global Finance Journal 21.3: 262-274.doi: /10.1016/j.gfj.2010.09.004
  • Jermias, J., Leo, L. & Gani, L. (2010). Investigating the impacts of customer satisfaction on firm performance. GAMA International Journal of Business 11.3.


2009
  • Chung, D.Y., Brockman, P. & Perignon, C. (2009). Commonality in liquidity: A global perspective. Journal of Financial and Quantitative Analysis 44.6: 851-882.
  • Chung, D.Y., Brockman, P. & Yan, X.S. (2009). Block ownership, trading activity, and market liquidity. Journal of Financial and Quantitative Analysis 44.6: 1403-1426.
  • Emby, C. (2009). Probabilistic reasoning in multiple hypothesis revision in auditing. Advances in Accounting Behavioral Research 12: 85-100. [Journal Abstract]
  • Hrazdil, K. & Scott, T. (2009). S&P 500 Index revisited: Do index inclusion announcements convey information about firms' future performance? Quarterly Journal of Finance & Accounting 48.4: 79-113.
  • Hrazdil, K. (2009). The effect of demand on stock prices: New evidence from S&P 500 weight adjustments. Managerial Finance 35.9: 732-753.  [Journal Abstracts]
  • Hrazdil, K. (2009). The price, liquidity and information asymmetry changes associated with new S&P 500 additions. Managerial Finance 35.7: 579-605.  [Journal Abstracts]
  • Jermias, J. & Gani, L. (2009). Performance implications of environment-strategy-governance misfit. GAMA International Journal of Business 11.1: 1-20.


2008
  • Brockman, P. & Chung, D.Y. (2008). Commonality under market stress: Evidence from an order-driven market. International Review of Economics and Finance 17.2: 179-196.  [Journal Abstract]
  • Brockman, P. & Chung, D.Y. (2008). Investor protection, adverse selection, and the probability of informed trading. Review of Quantitative and Financial Accounting 30.2: 111-131.  [Journal Abstract]
  • Chung, D.Y., Isakov, D. & Perignon, C. (2007). Repurchasing shares on a second trading line. Review of Finance 11.2: 253-285.  [Journal Abstract]
  • Ge, Y. & Chen, Y. (2008). Foreign ownership and productivity of joint ventures. Economic Development and Cultural Change 56.4: 895-920.   [Journal Abstract]
  • Jermias, J. & Setiawan, T. (2008). The moderating effects of hierarchy and control systems on the relationship between budgetary participation and performance. International Journal of Accounting 43.3: 268-292.  [Journal Abstract]
  • Jermias, J. (2008). The relative influence of competitive intensity and business strategy on the relationship between financial leverage and performance. British Accounting Review 40.1: 71-86.   [Journal Abstract]


2007
  • Jermias, J. (2007). The effects of corporate governance on the relationship between innovative efforts and performance. European Accounting Review 16.4: 827-854.   [Journal Abstract]


Seminars


For more information on any of these seminars or to obtain a copy of the paper, please contact Kim Trottier.

April 10, 2014
Burnaby WMC4335
1:00pm - 2:30pm

Dr. Natalia Kotchetova-Kozloski, PhD, CMA
Associate Professor
Department of Accounting and Commercial Law, Sobey School of Business
Saint Mary's University

"Serving two masters" and the Chief Audit Executive's communication: Experimental evidence about Internal Auditors' judgments

Abstract: The position of an internal audit function as a "servant of two masters" (i.e. management and the audit committee) may lead to a conflict of priorities. In this setting, the tone at the top set by the Chief Audit Executive (CAE) plays a critical role in balancing the potentially competing preferences of management and the audit committee. We examine whether the emphasis in the CAE's communication with internal auditors influences their judgments. We also test whether such influence is more pronounced in an internal audit task where potential for justification created through task complexity and ambiguity is high, as compared to low. We test two hypotheses in a mixed experimental design with the communicated preferences of the CAE to subordinates (cost reduction vs. effectiveness of internal controls) as a between-subjects factor, and levels of opportunity for justification (low, medium, high) manipulated within subjects. Findings suggest that the emphasis in the CAE's message can bias internal auditors' judgments, and such influence is more pronounced when the opportunity for justification is high, resulting in the elimination of a significantly greater number of internal controls and the design of less effective processes.




April 25, 2014
Burnaby WMC4335
10:00am - 11:30am

Dr. Amin Mawani, MA, LL.M, PhD, CMA, FCAM, CFP
Associate Professor of Taxation
Schulich School of Business
York University

The impact of using U.S. peers on Canadian CEO compensation

Abstract: CEO compensation in Canada is significantly lower than that in the U.S. In this paper we examine the impact on Canadian CEO Compensation of using U.S. firms in their compensation peer groups. We find that Canadian firms with U.S. peers have higher levels of CEO compensation. We also find that having U.S. peers is associated with a greater proportion of equity in the compensation package.



Updated April 09, 2014