Phone: +33 1 60 72 92 14
The Economic Causes and Consequences of Firms' Disclosure Choices, Role of Accounting and Non-accounting Data in the Fundamental Analysis Process
Financial Statement Analysis with Emphasis on: (1) Accounting-based Valuation and (2) Complex Transactions including Mergers and Acquisitions, Leveraged Recapitalisations and Buyouts, Special Purpose Entities, Pensions, Hybrid Securities, Derivatives and Hedging
Banking and Insurance
Steve Monahan is an Associate Professor of Accounting and Control at INSEAD, which he joined in September of 2003. Prior to joining INSEAD he was a member of the University of Chicago faculty. He received his Ph.D. in Accounting from the Kenan-Flagler Business School at the University of North Carolina, a Masters of Accounting from the University of Iowa, and a Bachelors of Science in Economics from the University of Northern Iowa. He successfully completed the CPA exam, and served as a compensation and benefits consultant in the tax division of Arthur Andersen before pursuing his Ph.D.
Steve's research focuses on two related issues: (1) the role of accounting and non-accounting information in the fundamental analysis process and (2) the economic causes and consequences of alternative disclosure policies/regimes. He has conducted a number of studies in these areas and published articles in leading academic journals including: the Journal of Accounting Research; the Review of Accounting Studies; and, The Accounting Review. He is a member of the editorial board of the Journal of Accounting Research; the Journal of Business, Finance, and Accounting; the Review of Accounting Studies; and, The Accounting Review. In January 2012 he will begin serving as an Associate Editor of the European Accounting Review.
Steve's teaches in INSEAD's MBA, EMBA, and executive programmes. When teaching he focuses on helping participants develop a deep understanding of two related issues: (1) the role played by accounting information in evaluating performance and estimating value and (2) how to design and implement disclosure and reporting policies that promote value creation.
Steve's leisure activities include dining with friends, reading, running in the Fontainebleau forest, and the occasional glass of Calvados.
- JOURNAL ARTICLES - Discretionary Disclosure in Financial Reporting: An Examination Comparing Internal Firm Data to Externally Reported Segment Data - The Accounting Review
- JOURNAL ARTICLES - Initial Evidence of the Role of Accounting Earnings in the Bond Market - Journal of Accounting Research
- JOURNAL ARTICLES - Altering Investment Decisions to Manage Financial Reporting Outcomes: Asset-backed Commercial Paper Conduits and FIN 46 - Journal of Accounting Research
- JOURNAL ARTICLES - Conservatism, Growth, and the Role of Accounting Numbers in the Fundamental Analysis Process - Review of Accounting Studies
- JOURNAL ARTICLES - An Evaluation of Accounting Based Measures of Expected Returns - The Accounting Review
- JOURNAL ARTICLES - Disclosure Quality and the Excess Value of Diversification - Journal of Accounting Research
- JOURNAL ARTICLES - Discussion of 'Using Earnings Forecasts to Simultaneously Estimate Firm-specific Cost of Equity and Long-term Growth' - Review of Accounting Studies
- JOURNAL ARTICLES - Discussion of ‘Is Financial Reporting Shaped by Equity Markets or Debt Markets? An International Study of Timeliness and Conservatism - Review of Accounting Studies