Accounting



‘Trapped Cash’

Businessmen Shaking Hands

Are Large Companies Making Poor Acquisition Decisions as a Result of Efforts to Avoid Paying U.S. Taxes?

In their attempts to avoid paying additional taxes, many large, multinational, U.S.-based companies are making dubious foreign acquisitions that may, ultimately, be bad for business.

That’s the research finding of UConn Accounting Professor Todd Kravet, and two of his colleagues, whose work will appear in the forthcoming issue of the journal of Contemporary Accounting Research.Continue Reading


In It To Win It

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Corporate Stadium Sponsors’ Stock Fluctuates With an NFL Team’s Success, Failure

Your favorite NFL team has “skin in the game,’’ but perhaps more surprising is that the large corporations that sponsor the stadiums do too.

Those are the findings of UConn Professor of Finance Assaf Eisdorfer and alumna Elizabeth Kohl, ’15 Ph.D., now a professor at the University of Cincinnati. The two football enthusiasts will have their research published in a future issue of the journal Critical Finance Review.Continue Reading


Ackerman Faculty Scholars Announced

Five faculty members from the School of Business have been named Ackerman Scholars for academic years 2015-2017. They are: John Phillips of Accounting, Rex Santerre of Finance, Greg Reilly of Management, Girish Punj of Marketing and Bob Day of Operations and Information Management (OPIM).

Continuing from last year, for academic year 2015-2016, are: Qing Cao and Gary Powell of Management and Xue Bai, Jose Cruz and Suresh Nair of OPIM.

The Ackerman Scholar award recognizes significant and continuing all-round academic productivity among the faculty of the School, said Sulin Ba, associate dean of academic and research support. It is awarded to faculty who are not already supported by endowed chair, professorship, scholarship or fellowship appointments. The award is supported by the Ackerman Fund, the School of Business and the departments.

 

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Eight Outstanding School of Business Professors Earn 2015 Faculty Awards

A professor who used chocolate chip cookies to teach about quality control, three researchers who had work published in top journals, and an educator who vigorously promoted the School of Business were among the 2015 Faculty Award recipients.

“This year we honored eight outstanding faculty members for their exceptional research, teaching and leadership achievements,” said Associate Dean Sulin Ba. “The selection process was particularly difficult due to the dozens of impressive nominees. We are fortunate to have such talented, creative and remarkable colleagues.”Continue Reading


Does SOX 404 Have Teeth?

A regulation that is supposed to provide a warning bell and greater transparency for investors is hampered by a lack of enforcement, according to new research conducted by accounting professor David Weber.

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Professor David Weber

The School of Business has awarded one of its 2015 Best Paper Awards to Weber for his research titled, “Does SOX 404 Have Teeth? Consequences of the Failure to Report Existing Internal Control Weaknesses,” co-authored with UConn doctoral student Biyu Wu and Sarah Rice of Texas A&M. It will appear in the American Accounting Association’s premier journal, The Accounting Review.

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Accounting, Finance Faculty Members Recognized for Outstanding Research

2015-03-20_facultyThe School of Business has awarded its 2015 Best Paper Award to professors David Weber, from accounting, and Jose Martinez, of finance, for their exceptional research articles that will appear in esteemed academic journals.

Weber’s research paper is titled, “Does SOX 404 Have Teeth? Consequences of the Failure to Report Existing Internal Control Weaknesses.”

“Picking Winners? Investment Consultants’ Recommendations of Fund Managers,” is the title of Martinez’s work. His paper also recently received a prize from the University of Cambridge and the Commonfund Institute.

“Both papers are to appear in very prestigious journals in their respective fields, The Accounting Review and Journal of Finance,” said Sulin Ba, associate dean of academic and research support. “The selection committee was particularly impressed by the public policy implications that came out of both research projects. These implications will have an impact on our society in the years to come.”

The competition was intense this year with 10 nominations, all papers accepted in top academic journals, Ba said.

“Dr. Weber’s paper, co-authored with Ph.D. student Biyu Wu, addresses the requirement that corporations and their auditors publicly disclose internal control weaknesses, which is one of the most contentious and costly provisions of the Sarbanes-Oxley Act,” said Mohamed Hussein, accounting department head. “The study is important because it shows that the enforcement mechanisms surrounding internal control reporting are often ineffective and in some cases may even provide disincentives for compliance.”

“This paper is one of many research projects conducted by the UConn accounting faculty that addressed critical accounting and tax issues,” said Hussein, noting that UConn accounting faculty research has been cited in Congressional hearings and in the British Parliament.

Chinmoy Ghosh, department head in finance, said he is pleased with his colleague’s success.

“Within a very short period of time since arriving at UConn in August 2014, Jose has made a significant contribution in almost every aspect of the job. Acceptance of his paper by the Journal of Finance, the top journal in the discipline, brings tremendous visibility and prestige to the department and the school,” he said. “Very recently, his research has been recognized by a leading academic group in Europe. His style of teaching and knowledge drew great praise from the Risk Management students at both our Hartford and Stamford campuses.

“Jose has also shown great interest and objectivity in various academic issues currently under review by the department faculty. We are very pleased to have him as a colleague and look forward to many more productive years from him at the School of Business.”

The Best Paper Award is funded by the generous support of the Arnold M. Robin & Rochelle M. Robin Excellence Fund.

Related articles:

Professor Jose Martinez Earns Triple Recognition for Work on Dubious Investment Management

Professor David Weber Finds Lack of Enforcement Surrounds Key Provision of Sarbanes-Oxley Act


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Apply Now! KPMG’s Future Diversity Leaders (FDL) Program

KPMG LLP (KPMG) is seeking high-performing freshman and sophomore students who have demonstrated, and continue to demonstrate, a commitment to diversity and are interested in future opportunities at KPMG through participation in their exciting Future Diversity Leaders (FDL) program.

What is the Future Diversity Leaders program?

  • The FDL program begins with a three-day leadership conference, held in Hollywood, CA, focused on preparing high-potential students with the skills and perspective to be the business leaders of tomorrow.
  • Based on your performance and participation at the leadership conference, if you are recommended to participate in an office visit for a summer internship in KPMG’s Trainee Program, you will receive a $1,000 scholarship.
  • Upon successful completion of your first internship, you will receive another internship offer to continue in the Trainee program. Should you accept this offer, you will continue in the Trainee program and receive additional scholarship dollars. You will continue in this program until the summer before your graduation.
  • In your last summer, you will enter KPMG’s Practice Internship where you will gain actual hands-on experience through interactions with various clients in the line of business that you have chosen.

The application deadline is February 11th (extended from Feb. 6th).

On Campus Interviews:  KPMG representatives will be on campus February 27th to conduct interviews for selected students.

Please email application and all requested materials to Caitlin Toohey, Manager Campus Recruiting, KPMG LLP at ctoohey@kpmg.com.


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