Catherine M. Schrand
Professor Catherine Schrand’s research primarily focuses on risk management and disclosure. Her research has been published in top-tier academic journals including Journal of Accounting and Economics, The Accounting Review, Journal of Finance, Journal of Financial Economics, Review of Accounting Studies, and Contemporary Accounting Research. She is an associate editor of Journal of Accounting and Economics, Journal of Accounting Research, and Journal of Financial Services Research. She is the author (along with Patricia Dechow) of Earnings Quality, and of Understanding earnings quality: A review of the proxies, their determinants and their consequences (with Weili Ge and Patricia Dechow).
In addition to doctoral level courses, she teaches an undergraduate elective on Financial Accounting. She has been actively involved in the accounting standard setting process through her past service on the Financial Accounting Standards Committee of the American Accounting Association and her involvement with the AAA/FASB Financial Reporting Issues Conference.
She received her PhD from the University of Chicago in 1994 and her BBA from the University of Michigan. Before attending graduate school, Professor Schrand was a staff auditor and audit manager at KPMG Peat Marwick in Chicago and she is a Certified Public Accountant in Illinois.
- The University of Chicago Graduate School of Business, Ph.D., October 1994, M.B.A., August 1993;
- The University of Michigan, B.B.A., December 1985,
- Certified Public Accountant, Illinois, 1986
Celia Z. Moh Professor; Professor of Accounting; Vice Dean of Wharton Doctoral Programs
The Wharton School
Karthik Balakrishnan, Catherine M. Schrand, Rahul Vashishtha (Working). Analyst recommendations, traders’ beliefs, and rational speculation.
Jonathan Rogers, Catherine M. Schrand, Sarah Zechman (Working). Do managers tacitly collude to withhold industry-wide bad news?.
Kathryn Dewenter, Catherine M. Schrand, Clare Wang (Working). The impact of currency risk on US MNCs: New evidence from returns and cross-border investment around currency crises.
Christian Leuz and Catherine M. Schrand (Working). Voluntary disclosure and the cost of capital: Evidence from firms’ responses to the Enron shock.
Bernadette A. Minton and Catherine M. Schrand (2016). Institutional investments in pure play stocks and implications for hedging decisions, Journal of Corporate Finance, 37, 132-151.
Catherine M. Schrand (2014). Discussion of “Cash flow asymmetry: Causes and implications for conditional conservatism research”, Journal of Accounting and Economics, 58 (2-3), 201-207.
Catherine M. Schrand and Sarah Zechman (2012). Executive overconfidence and the slippery slope to financial misreporting, Journal of Accounting and Economics, 53, 311-329.
Patricia Dechow, Weili Ge, Catherine M. Schrand (2010). Understanding earnings quality: A review of the proxies, their determinants and their consequences, Journal of Accounting and Economics.