Dan Palmon
Publications with PhD Students and Alumni:
"The Accrual Anomaly and Company Size" Financial Analysts Journal, September/October 2008 (Dan Palmon, Fred Sudit and Ari Yezegel).
"Performance of Analyst Recommendations in the Istanbul Stock Exchange", Finance Letters, forthcoming (Oral Erdogan, Dan Palmon and Ari Yezegel).
"Changing Buisness Environment and the Value Relevance of Accounting", Advances in Quantitative Analysis of Finance and Accounting, forthcoming Volume 7 (Virginia Cortijo, Dan Palmon and Ari Yezegel).
Book: Understanding Auditor-Client Relationships: A Multi-Faceted Analysis (with G. Kleinman), Marcus Weiner Publications (2001).
"The International Implications of US Research on Going Concern Opinions,"(with A. Anandarajan, L. Goodman and G. Kleinman), ICFAIJournal of Accounting Research, Vol. III, No. 1, (January 2004). 33-57.
Kleinman, Gary, Dan Palmon, and Picheng Lee. 2003. "The Effects of Personal and Group Level Factors on the Outcomes of Simulated Auditor and Client Teams." Group Decision and Negotiation 12, no. 1 (January).
"Investors' Expectations and the Corporate Information Disclosure Gap: A Perspective" (with A. Anandarajan and G. Kleinman), Research in Accounting Regulation, JAI Press, Vol. 14 (2000).
"The Auditor-Client Negotiation Game" (with G. Kleinman), Journal of Accounting Case Research, Vol. 5, No. 2 (July 2000).
"A Negotiation-Oriented Model of Auditor-Client Relationships" (with G. Kleinman), Group Decisions and Negotiations, The Institute of Management Sciences Journal, Vol. 9, No. 1 (January 2000): 17-45.
"Auditor Independence: A Synthesis of Theory and Empirical Research" (with G. Kleinman and A. Anandarajan), Research in Accounting Regulation, JAI Press, Vol. 12 (1998): 3-42.
Dissertations Supervised:
Name: Boyas, Elise
Graduation Date: 1991/January
Thesis Title: Indentification and Examination of Factors Behind Corporate In-Substance Defeasance of Debt
Name: Callen, Mindy
Graduation Date: 1999/January
Thesis Title: Time Series Tests of the Ohlson Model
Name: Coville, Timothy
Graduation Date: 2008/October
Thesis Title: SOX Generated Changes in Board Composition: Have They Mattered?
Name: El-Hashash, Hadeya
Graduation Date
Name: Hossain, Mohammed (David)
Graduation Date: 2003/October
Thesis Title: Triocracy and the Dynamics of Standard Setting: A Comparative Study of FASB's Deliberation Process on SFAS No. 133
Name: Yezegel, Ari
Graduation Date: 2009/May
Thesis Title: Three Essays on Stock Recommendations
Name: Kang, Pyung Kyung
Graduation Date: 2011/May
Thesis Title: The Impact of the Financial Press on Accruals Anomaly and Earnings Management
Early Summer Research Projects of Current PhD Students:
Name: Timothy Coville
Project Title: First Look – Executive Compensation Response to Sarbanes-Oxley Act of 2002
Name: Timothy Coville
Project Title: The Selection of Valuation Methodologies and Appraiser Background Effects on Business Valuation Accuracy
Abstract: Business appraisal professionals use a variety of different methodologies to estimate the value of privately held businesses. These professionals also come from a diverse set of backgrounds, from academics to consultants to business brokers to venture capitalists. The valuations derived effect a broad array of market participants including, but not limited to, venture capitalists, lenders, business purchasers and sellers, and appraisers in legal settings such as the dissolution of a partnership or a marriage. This paper seeks to obtain information on actual appraisals and subsequent transacted values to gain insight into whether specific appraiser backgrounds and/or methodology selections generate consistent deviations from actual transacted prices.
Keywords: Survey, business appraisal
Name: Ari Yezegel
Project Title: The Value of Columnists' Recommendations
Abstract: This study empirically evaluates the value of recommendations made in three leading business magazines; Business Week, Forbes, and Fortune, during the period 2000-2003. We document that the choice of index and benchmark model leads to significant differences in inferences made concerning the value of the recommendations. Furthermore, using a Carhart four factor model, abnormal returns accumulated by the recommendations of Business Week and Fortune magazines are found to be negative in the short term. For a longer horizon (one year buy and hold period) none of the magazines provide significant abnormal returns.
Name: Marietta Peytcheva
Project Title: Does Sampling Plan Influence Evidence Interpretation in an Audit Context?
Abstract: This study contributes to the literature on probabilistic inference by examining empirically the relevance of the sampling plan to judgment in an audit context. Although research on decision-making under uncertainty has concluded that human judgment generally violates Bayesian probabilistic reasoning, arguments can be made that statistical intuition conforms better to the frequentist paradigm of inference. Bayesians and frequentists disagree about the importance of the sampling plan in evidence interpretation. Knowledge of the sampling plan is essential to frequentist inference – the same evidence can lead to different decisions about a hypothesis, depending on the sampling plan used to obtain the evidence. Bayesians, on the other hand, maintain that once the evidence is observed, sampling plan is irrelevant to inference about the hypothesis of interest. If decision-makers behave consistently with the frequentist hypothesis, inferential value will be attributed to the sampling plan used to obtain evidence in an audit context. Our results support this hypothesis.
