Fischer, Huddart Paper Receives Ethics Award
Fischer, Huddart Paper Receives Ethics Award
UNIVERSITY PARK, PA (February 24, 2005)—Paul Fischer and Steven Huddart, faculty members in the Department of Accounting at Penn State’s Smeal College of Business, have been selected to receive the Glen McLaughlin Award for Research in Accounting Ethics for their paper entitled "Optimal Contracting with Endogenous Reporting Norms.”
In most economic models of organization, individuals’ behaviors are guided by contractual, legal, and reputational considerations. The desire to adhere to some standard of conduct or social norm also guides individual behavior with respect to many choices. In their award-winning paper, Fischer and Huddart explore the role of social norms as a determinant of organizational design.
The McLaughlin award was established at the University of Oklahoma’s Michael F. Price College of Business to recognize and encourage educational and research activities focusing on ethical issues associated with the production and dissemination of financial information. Each year, the award recognizes the best submitted paper.
"Optimal Contracting with Endogenous Reporting Norms” can be accessed at www.smeal.psu.edu/faculty/huddart/Papers/FiHu.pdf (.pdf 199Kb)*Acrobat.
About the Co-Authors
Associate Professor of Accounting Paul Fischer’s research spans two areas of interest: the acquisition and dissemination of information in capital markets and the design of incentive systems within and between firms. He has considered, among other areas, the impact of accounting disclosures on security prices; manager disclosure behavior; investor information gathering strategies; the economic determinants and consequences of heuristic behaviors; and the roles played by insider trading restrictions.
Professor of Accounting Steven Huddart’s research examines how information and incentives affect decisions. He has examined the effects of ownership structure on corporate value; the determinants of portfolio choices made by investment advisers; the financial reporting, taxation, compensation, and valuation aspects of employee stock options; the determinants of trading volume; and the relationships between disclosure and insider trading.
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REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu.
Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the Center for Digital Transformation, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.
