Catherine M. Schrand

Catherine M. Schrand is an American academic and the Celia Z. Moh Professor of Accounting at the Wharton School at the University of Pennsylvania.

Early career

Schrand earned her BBA from the University of Michigan in 1985. She has an M.B.A. (1993) and a Ph.D. (1994) from the University of Chicago. Prior to earning her Ph.D. Schrand worked at KPMG Peat Marwick and served as a staff auditor and audit manager.[1]

Schrand has taught doctoral and undergraduates in Financial Accounting and currently serves as an associate editor of the Journal of Accounting and Economics.[2]

Research

Professor Catherine Schrand is widely recognized for co-authoring Understanding earnings quality: A review of the proxies, their determinants and their consequences[3] along with Patricia Dechow and Weili Ge. Her research focuses primarily on risk management, disclosure[4][5] and equity financing.[6] Her graduate student, Sarah Zechman, led work showing how accounting fraud emerges full bloom from small initial misstatements by managers who are overconfident of their firms' prospects.[7][8]

Selected publications
  • Minton, Bernadette A.; Schrand, Catherine (1999). "The impact of cash flow volatility on discretionary investment and the costs of debt and equity financing". Journal of Financial Economics. 54 (3): 423–460. doi:10.1016/S0304-405X(99)00042-2.
  • Dechow, Patricia; Ge, Weili; Schrand, Catherine (2010-12-01). "Understanding earnings quality: A review of the proxies, their determinants and their consequences". Journal of Accounting and Economics. 50 (2): 344–401. doi:10.1016/j.jacceco.2010.09.001. ISSN 0165-4101.
  • Schrand, Catherine M.; Zechman, Sarah L. C. (2012). "Executive overconfidence and the slippery slope to financial misreporting". Journal of Accounting and Economics. 53 (1): 311–329. doi:10.1016/j.jacceco.2011.09.001. ISSN 0165-4101. S2CID 27325383.
  • Géczy, Christopher; Minton, Bernadette A.; Schrand, Catherine (1997). "Why Firms Use Currency Derivatives". The Journal of Finance. 52 (4): 1323–1354. doi:10.1111/j.1540-6261.1997.tb01112.x.

Awards and honors

Schrand received the Best Paper Award from the American Accounting Association's Financial Accounting and Reporting Section in 2020[9] for her paper Run EDGAR Run:SEC dissemination in a high frequency world.[10]

References
  1. "Catherine M. Schrand". Accounting Department. Retrieved 2020-06-10.
  2. Journal of Accounting and Economics - Editorial Board https://www.journals.elsevier.com/journal-of-accounting-and-economics/editorial-board
  3. Dechow, Patricia; Ge, Weili; Schrand, Catherine (1 December 2010). "Understanding earnings quality: A review of the proxies, their determinants and their consequences". Journal of Accounting and Economics. 50 (2): 344–401. doi:10.1016/j.jacceco.2010.09.001.
  4. Schrand, Catherine M.; Walther, Beverly R. (1 April 2000). "Strategic Benchmarks in Earnings Announcements: The Selective Disclosure of Prior‐Period Earnings Components". The Accounting Review. 75 (2): 151–177. doi:10.2308/accr.2000.75.2.151.
  5. "Accounting tricks help sinking companies turn red ink black". Green Bay Press-Gazette. 2001-07-01. p. 47. Retrieved 2022-10-26.
  6. Minton, Bernadette A.; Schrand, Catherine (1 December 1999). "The impact of cash flow volatility on discretionary investment and the costs of debt and equity financing". Journal of Financial Economics. 54 (3): 423–460. doi:10.1016/S0304-405X(99)00042-2.
  7. "When corporate confidence turns out to be a con". The News Journal. 2008-03-17. pp. , . Retrieved 2022-10-26.
  8. Bruns, Greg (2009-01-12). "Expect crackdown on financial execs". Chicago Tribune. pp. 1–17. Retrieved 2022-10-26.
  9. Schrand, Catherine M.; Zechman, Sarah L. C. (2012). "Executive overconfidence and the slippery slope to financial misreporting". Journal of Accounting and Economics. 53 (1): 311–329. doi:10.1016/j.jacceco.2011.09.001. ISSN 0165-4101. S2CID 27325383.
  10. "Best Paper | American Accounting Association". aaahq.org. Retrieved 2022-10-26.
  • Catherine M. Schrand publications indexed by Google Scholar
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