Lee
When CEOs defraud investors, do they usually see jail time? What is the ultimate cost to the criminal’s career and bank account? These were questions examined by Scott Lee, professor of finance at Texas A&M University’s Mays Business School, in the article “The Cost to Firms of Cooking the Books,” which appeared in the September 2008 issue of Journal of Financial and Quantitative Analysis (JFQA).
The article was recently honored with the Sharpe Award for best paper of the year in JFQA—a recognition that came with a $5,000 cash prize, divided among Lee and his two coauthors Jon Karpoff of the University of Washington and Jerry Martin, a recent graduate of the Mays PhD in Finance program who is now an associate professor at American University.
Lee teaches corporate finance and valuation analysis. His research focuses on the economic, legal, and managerial labor market repercussions of government regulation, along with other corporate governance and agency issues. His articles have appeared in the Journal of Financial Economics, Journal of Finance, Journal of Political Economy, Journal of Law & Economics, and Strategic Management Journal.
Smith
L. Murphy Smith, a professor of accounting at Mays, received the Outstanding Researcher Award from the American Accounting Association, Strategic and Emerging Technologies Section, at its annual meeting in New York City in August 2009. As stated on the award, Smith was recognized “for his extraordinary academic achievements and leadership in research.”
Smith’s research examines topics such as Internet financial reporting, cybercrime, disaster recovery planning, and XBRL, an Internet-based document language that has been adapted for business and financial reporting purposes. Smith has given a number of keynote addresses on international financial reporting standards at academic and professional accounting conferences, including the fall 2008 Council Meeting of the American Institute of CPAs. His work has been cited in various news media, including Fortune, USA Today and The Wall Street Journal. Smith is ranked in the top one percent of U.S. accounting faculty according to number of articles published in leading accounting journals, and ranked second for total articles published regarding accounting information systems.
