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Accounting

The Accounting group focuses on the creation, dissemination, attestation, interpretation, use, and governance of financial information. The group focuses on how business managers utilise information to make strategic decisions and how public companies report financial information to key stakeholders.

Key research and teaching areas include:

  • financial reporting standard setting
  • international financial reporting
  • strategic management decisions
  • performance management
  • target setting
  • management control
  • corporate governance
  • executive compensation and incentives
  • insider trading
  • audit and earnings quality
  • sell side analysts
  • early stage entity accounting
  • accounting for financial institutions
  • fair value accounting

Faculty

  • Bouwens, Jan
    Professor of Management Accounting
  • Chu, Jenny
    University Lecturer in Accounting
  • Jagolinzer, Alan
    Professor of Financial Accounting, Head of the Accounting subject group 
  • Willis, Michael
    Senior Faculty in Management Practice, Director of the Master of Accounting Programme

Lecturer and Senior Lecturer are equivalent to Assistant Professor in North American terminology. Reader is equivalent to Associate Professor with tenure in North American terminology.

Honorary appointments

Accounting faculty have served on the Editorial Boards of The Accounting Review, Contemporary Accounting Research, the Journal of International Accounting Research, Accounting Horizons, Journal of Management Accounting Research, and Journal of Contemporary Accounting and Economics.

They have served as peer reviewers for studies submitted to the Review of Financial Studies, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, the Journal of Accounting Research, The Accounting Review, the Journal of Finance, the Journal of Accounting and Economics, The Financial Review, Management Science, the Review of Accounting Studies, Managerial Finance, Contemporary Accounting Research, the Journal of Accounting, Auditing, and Finance, the European Accounting Review, Foundations and Trends in Accounting, Accounting, Organizations and Society, the Journal of Business Ethics, the Journal of Empirical Legal Studies, the Journal of Accounting and Public Policy, Accounting and Business Research, and annual and sub-association meetings for the American Accounting Association.

2017

Abernethy, M.A., Bouwens, J. and Kroos, P. (2017) "Organization identity and earnings manipulation." Accounting, Organizations and Society, 58: 1-14 (DOI: 10.1016/j.aos.2017.04.002)

Chu, J., Faasse, J. and Rau, P.R. (2017) "Do compensation consultants enable higher CEO pay? A disclosure rule change as a separating device." Management Science (DOI: 10.1287/mnsc.2017.2845) (published online Oct 2017; forthcoming in print) (available online via the SSRN)

2016

Bouwens, J. and Kroos, P. (2016) "The interplay between forward-looking measures and target setting." Management Science, 63(9): 2868-2884 (DOI: 10.1287/mnsc.2016.2481)

Bouwens, J. and Steens, B. (2016) "Full-cost transfer pricing and cost management." Journal of Management Accounting Research, 28(3): 63-81 (DOI: 10.2308/jmar-51390)

2015

Henderson, M.T., Jagolinzer, A.D. and Muller III, K.A. (2015) "Offensive disclosure: how voluntary disclosure can increase returns from insider trading." Georgetown Law Journal, 103(5): 1275-1306

Armstrong, C.S., Blouin, J.L., Jagolinzer, A.D. and Larcker, D.F. (2015) "Corporate governance, incentives, and tax avoidance." Journal of Accounting and Economics, 60(1): 1-17 (DOI: 10.1016/j.jacceco.2015.02.003)

2013

Abernethy, M.A., Bouwens, J. and van Lent, L. (2013) "The role of performance measures in the intertemporal decisions of business unit managers." Contemporary Accounting Research, 30(3): 925-961 (DOI: 10.1111/j.1911-3846.2012.01178.x)

Brochet, F., Jagolinzer, A.D. and Riedl, E.J. (2013) "Mandatory IFRS adoption and financial statement comparability." Contemporary Accounting Research, 30(4): 1373–1400 (DOI: 10.1111/1911-3846.12002)

2011

Bouwens, J. and Kroos, P. (2011) "Target ratcheting and effort reduction." Journal of Accounting and Economics, 51(1-2): 171–185 (DOI: 10.1016/j.jacceco.2010.07.002)

Jagolinzer, A.D., Larcker, D.F. and Taylor, D.J. (2011) "Corporate governance and the information content of insider trades." Journal of Accounting Research, 49(5): 1249-1274 (DOI: 10.1111/J.1475-679X.2011.00424.x)

2010

Abernethy, M.A., Bouwens, J. and van Lent, L. (2010) "Leadership and control system design." Management Accounting Research, 21(1): 2-16 (DOI: 10.1016/j.mar.2009.10.002)

Armstrong, C.S., Barth, M.E., Jagolinzer, A.D. and Riedl, E.J. (2010) "Market reaction to the adoption of IFRS in Europe." The Accounting Review, 85(1): 31-61 (DOI: 10.2308/accr.2010.85.1.31)

Armstrong, C.S., Jagolinzer, A.D. and Larcker, D.F. (2010) "Chief executive officer equity incentives and accounting irregularities." Journal of Accounting Research, 48(2): 225-271 (DOI: 10.1111/J.1475-679X.2009.00361.x)

2009

Jagolinzer, A.D. (2009) "SEC rule 10b5-1 and insiders' strategic trade." Management Science, 55(2): 224-239 (DOI: 10.1287/mnsc.1080.0928)

2007

Bouwens, J. and van Lent, L. (2007) "Assessing the performance of business unit managers." Journal of Accounting Research, 45(4): 667-697 (DOI: 10.1111/j.1475-679X.2007.00251.x)

Jagolinzer, A.D., Matsunaga, S.R. and Yeung, P.E. (2007) "An analysis of insiders' use of prepaid variable forward transactions." Journal of Accounting Research, 45(5): 1055-1079 (DOI: 10.1111/J.1475-679X.2007.00260.x)

Members of the Accounting group have worked with Ernst & Young, the International Accounting Standards Board (IASB) and the Accounting Standards Board (ASB).

Recent media coverage of research by members of the Accounting group:

Financial Times: How to spot companies at risk of earnings manipulation

Dr Jenny Chu, University Lecturer in Accounting at Cambridge Judge Business School, comments on her new study on corporate earnings manipulation. The …

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Cambridge Business Magazine: Theresa May won’t like this…

New UK disclosure rules did not curb CEO pay or improve pay-performance link, but instead led to “opportunistic reporting” for reputation management, …

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The Wall Street Journal: The morning risk report: CEO-employee pay ratio disclosure no panacea

In an article about US companies disclosing the ratio of a CEO’s compensation package to that of an average employee, Dr Jenny …

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Financial Times: UK disclosure rules tying CEO pay and performance not working

New UK disclosure rules did not curb CEO pay or improve pay-performance link, but instead led to “opportunistic reporting” for reputation management, …

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Cambridge Business Magazine: Gender diversity and executive roles

Term limits for directors and gender diversity rules in corporate governance codes help improve female representation in top executive roles, but quotas …

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LexisNexis: Strategies to get women into senior roles – does any of it work?

Term limits for directors and gender diversity rules in corporate governance codes help improve female representation in top executive roles, but quotas …

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The Wall Street Journal: Earnings season: Time to tweak Warren Buffett’s maxim

The research on earnings manipulation co-authored by Dr Jenny Chu, University Lecturer in Accounting at Cambridge Judge Business School, featured in the …

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Reuters Breakingviews: Boardroom gender quotas have hidden value

Term limits for directors and gender diversity rules in corporate governance codes help improve female representation in top executive roles, but quotas …

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City AM: International Women’s Day 2016: Sorry, but quotas aren’t the way to get more women into executive roles

Term limits for directors and gender diversity rules in corporate governance codes help improve female representation in top executive roles, but quotas …

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Cambridge Business Magazine: Earnings manipulation unmasked

If a company “beats” analyst expectations for a series of consecutive reporting periods, some sceptics might wonder if the numbers are simply …

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Reuters Breakingviews: Beat surrender

A study co-authored by Jenny Chu, University Lecturer in Accounting at Cambridge Judge Business School, shows how companies that manipulate their results …

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The Economist: How companies massage their profits to beat market forecasts

Executives have every incentive to match or beat forecasts as the market punishes those that fail to do so. That, in turn, …

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The Economist: Executive compensation: If you hire them, pay will come

The research on executive pay by Cambridge Judge’s Professor Raghu Rau, Dr Jenny Chu and PhD Jonathan Faasse is featured second time …

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The Times: Hiring pay ‘experts’ brings rich rewards for chief executives

Further coverage of research by Cambridge Judge’s Professor Raghavendra Rau, Dr Jenny Chu and PhD candidate Jonathan Faasse. The research shows that …

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The Economist: If you hire them, pay will come

A new research shows that companies hire compensation consultants ‘as a justification device for higher executive pay.’ The research by Cambridge Judge …

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New York Times: Dealbook: More transparency, more pay for CEOs

A research study by Cambridge Judge Business School’s Dr Jenny Chu, Jonathan Faasse and Professor Raghavendra Rau, shows “a direct link between …

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The Harvard Law School Forum on Corporate Governance & Financial Regulation: New evidence on compensation consultants and CEO pay

In 2013, CEOs in S&P 500 firms were paid, on average, over 200 times the average worker’s salary in their firms. To …

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Financial Times: Women working in financial education

The biggest challenge as a woman in Finance is the small representation of women in general in the industry. I approached the …

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