Archival/Empirical Research Community
The Archival/Empirical Research Community considers the role of information and information intermediaries in capital markets, particularly in the areas of financial reporting, tax, information systems, and governance. Research questions include: how firms leverage IT to achieve and sustain competitive advantage; how taxes affect corporate decision-making; the use of accounting information in firm valuation; and, the impact of different governance mechanisms on tax avoidance and aggressive financial reporting. We use advanced econometric techniques in analyzing databases to answer these important questions.
Archival/Empirical Research Faculty
Corporate tax, influence of agency issues on tax planning, including governance mechanisms, and the role of uncertainty in shaping tax planning, including risk assessment.
Capital markets research on financial accounting issues, time-series attributes, stock pricing, consequences of new accounting rules, and market inefficiencies in recognition of accounting information.
The role of non-financial information in assessing and predicting firm performance, and the impact of disclosure and communications on the firm’s cost of capital and stock price crash risk.
Intersection of Financial Reporting, Assurance, and Governance.
Information disclosure, managerial performance evaluation, debt contracting and earnings management.
Earnings management and the impact of the US sub-prime crisis on Canadian financial institutions.
Effects of tax on corporate decision making, corporate data, factors that influence the role of taxes in international operations, and examine settings in which decisions may have been predictably altered in response to tax environments.
Financial disclosure, corporate governance, related party transactions and debt contracting.
Tax policy, personal income tax issues, kiddie tax, taxation of non-resident athletes, and tax relief for medical expenses.
Corporate disclosure and financial reporting, and their effects on capital markets.
Information Environment, Accounting Regulations, Financial Institutions, Firms' Disclosure Activities.
Corporate governance, economic consequences of accounting information and disclosure, financial statement analysis and valuation, and accounting for financial institutions.
Economics of information technology (IT), how firms leverage IT enabled strategies to achieve and sustain competitive advantage and superior financial performance.
Managerial performance evaluation, corporate governance, organization designs and information disclosure.
Financial reporting and governance issues, determinants of firms' financial reporting and disclosure choices, the role of regulation on corporate fraud, and the interpretation of accounting information by capital market participants.
Corporate tax avoidance, the interaction between financial reporting and taxation, and international tax issues.
Innovation in Mobile Data Services Applications, Crowdsourcing and Open Innovation, User Generated Content and Social Media.
Behavioural Research Community
The Behavioural Research Community applies theory from social science disciplines such as economics, psychology, and sociology to understand the nature of judgment and decision making and behaviour in accounting, auditing, and ethical contexts. The group tests theory using a variety of research methods, including lab and field experiments, interviews, and questionnaires. The group's research investigates factors that impact managers' and professional accountants' behaviour such as management control systems, decision support systems, expertise, incentives, and resource constraints. The group's findings contribute to multiple accounting disciplines, including financial, managerial, auditing, ethics, and information systems.
Behavioural Research Faculty
Judgment/Decision-Making in Auditing, Accounting, and Taxation.
How the behaviours of managers, employees, and investors are influenced by different accounting-related stimuli including internal communications, external disclosures, and compensation schemes.
Investigating areas of professional practice in external auditing and internal auditing which rely on the exercise of professional judgment.
Information systems governance and control initiatives and how these can contribute to improving the performance of organizational processes.
Auditor's use of accounting information in decision making, the effect of organizational objectives on ethical reasoning, and accounting ethics.
Applied ethics, specifically as it applies to member of professions, examining decision making by lawyers in private practice.
Assurance, governance, professional judgment, and decision making.
Theory from psychology and economics to understand how various incentive systems and control environments affect employee effort and performance.
Auditing, Assurance, and Forensic Accounting.
Economic, behavioural, and informational processing theories to experimentally investigate cognitive limitations in processing risk and other information cues in both audit and financial reporting settings.
Behavioural consequences of management control system elements such as targets, incentive schemes, and the motivational effects of non-cash rewards (e.g. gift cards, merchandise and 'games').
Finance Research Community
The Finance Research Community conducts research into numerous aspects of financial markets including the pricing of financial securities, investment strategies, financial intermediation, risk management, and the financing of corporate activities. Research methodologies include theoretical modelling to systematically investigate frontier questions, advanced empirical techniques to investigate specific testable hypotheses, and simulation techniques to provide insight when general solutions become intractable. The Finance Research Community also takes advantage of cross-disciplinary expertise, often focusing on research questions that integrate with the accounting, economics, statistics and computer science disciplines.
Finance Research Faculty
Design, valuation, use and abuse of executive stock options.
Issues relating to corporate finance, economics, and accounting, with a focus on corporate incentives.
Empirical asset pricing related to how information transmits in the financial markets.
Corporate finance, asset pricing, and financial econometrics.
Banking and Shadow Banking, Systemic Risk and Regulations of Financial Markets, Credit Risk, Macro Finance, Asset Pricing.
Mutual Funds and Institutional Investors, Hedge Funds and Risk Management, Market Efficiency and Empirical Asset Pricing, Derivatives and Risk Management.
Corporate governance, Mergers and Acquisitions, Executive Compensation.
Investment management and the relationship between investors and advisory services.
Risk Transfer Markets, Banking, Insurance, Compensation in Organizations.
Derivative securities, financial risk management, and asset allocation.
Developing statistical methodology for applications in finance, and finance-related areas.