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AMY P. HUTTON

Personal Info: 

528 Fulton Hall

Carroll School of Management

Boston College

140 Commonwealth Ave.

Chestnut Hill, MA 02467

(617) 552-1951

amy.hutton@bc.edu

Education: 

1992 Ph.D., Business Administration, W. E. Simon School of Business Administration, University of Rochester.

1986 M.B.A., beta gamma sigma, Accounting, Finance, and Organizations & Markets, W. E. Simon School of Business Administration, University of Rochester.

1985 B.A., magna cum laude, Political Science, University of Rochester.

Honors & Awards: 

Distinguished Contribution to Accounting Literature Award, Inaugural year of this award, 2010, for the paper: "Causes and Consequences of Earnings Management: An Analysis of Firms Subject to Enforcement Actions by the SEC" (Patricia M. Dechow and Richard G. Sloan), Contemporary Accounting Research, Spring 1996.

Hillenbrand Distinguished Fellow, July 2011-2014.

 

Teaching Positions: 

7/1/92-6/30/97       Assistant Professor of Business Administration, Harvard Business School

7/1/97-6/30/03       Associate Professor of Business Administration, Harvard Business School

7/1/02-12/31/02     Visiting Associate Professor of Business Administration, Tuck School of Business at Dartmouth

1/1/03-6/30/03       Visiting Scholar, Graduate School of Business, Stanford University

7/1/03-6/30/06       Associate Professor of Business Administration, Tuck School of Business at Dartmouth

7/1/06-6/30/10      Associate Professor of Business Administration, Carroll School of Management, Boston College

7/1/10-present      Professor of Business Administration, Carroll School of Management, Boston College

Administrative Positions: 

Directorship            Bandag, Inc. (Fortune 1500: NYSE firm), member of audit and corporate governance and nominating committees, June 2003-June 2007; chair of the audit committee May 2005-June 2007.  Bandag acquired by Bridgestone June 2007, $1 billion transaction.

Board of Advisors     National Industries for the Blind (NIB), 2002-2006; Audit and Finance Committee, NIB, 2004-2006

Review Board for the House Financial Service Committee, Capital Markets Subcommittee examining Securities Industry Association’s proposals governing the standards and practices of research analysts, June 2001.

Scholarly Organizations: 

Editor, The Accounting Review, effective June 1, 2011.

Member of American Accounting Association (AAA), 1991-present.

Editorial Review Board of the Accounting Review, 1994-1999.

Research Advisory Committee AAA, 1997-2000.

Faculty Development Committee, AAA, 1997-2000.

Corporate Accounting Policy Committee, AAA 1999-2001, Chair 2001.

Publications: 

A. Academic Articles

"Debt-Covenant Violations and Managers' Accounting Responses," Journal of Accounting and Economics, May 1994.

"Detecting Earnings Management" (with Patricia M. Dechow and Richard G. Sloan), Accounting Review, April 1995.

"Causes and Consequences of Earnings Management: An Analysis of Firms Subject to Enforcement Actions by the SEC" (Patricia M. Dechow and Richard G. Sloan), Contemporary Accounting Research, Spring 1996.

"Economic Consequences of Accounting for Stock-based Compensation" (with Patricia M. Dechow and Richard G. Sloan), Journal of Accounting Research, Supplement 1996.

"An Empirical Assessment of the Residual Income Valuation Model” (with Patricia M. Dechow and Richard G. Sloan), Journal of Accounting and Economics, January 1999.

"Stock Performance and Intermediation Changes Surrounding Sustained Increases in Disclosure” (with Paul Healy and Krishna Palepu), Contemporary Accounting Research, Fall 1999.

“The Relation Between Analysts’ Long-Term Earnings Forecasts and Stock Price Performance Following Equity Offerings” (with Patricia M. Dechow and Richard G. Sloan), Contemporary Accounting Research, Spring 2000.

“Short Sellers, Fundamental Analysis, and Stock Returns” (with Patricia M. Dechow, Lisa Meulbroek, and Richard G. Sloan), Journal of Financial Economics, July 2001.

“The Role of Supplementary Statements with Management Earnings Forecasts” (with Greg Miller and Douglas Skinner), Journal of Accounting Research, December 2003.

“Analyst Earnings Forecast Revisions and the Pricing of Accruals” (with Mary Barth), Review of Accounting Studies, Spring 2004.

“Determinants of Managerial Earnings Guidance Prior to Regulation Fair Disclosure and Bias in Analysts’ Earnings Forecasts,“ Contemporary Accounting Research, Winter 2005.

“A discussion of ‘Corporate Disclosure by Family Firms’ ” Journal of Accounting and Economics, September 2007.

“Opaque Financial Reports, R-square, and Crash Risk” (with Alan Marcus and Hassan Tehranian), Journal of Financial Economics, October 2009.

“Detecting Earnings Management: A New Approach" (with Patricia Dechow, Jung Hong Kim and Richard Sloan), Journal of Accounting Research, May 2012.

"Do Managers Always Know Better? An Examination of the Relative Accuracy of Management and Analysts Forecasts" (with Lian Fen Lee and Susan Shu), Journal of Accounting Research, December 2012.

B. Practitioner Publications

"Solving the New Equity Puzzle" (with Patricia M. Dechow and Richard G. Sloan), The Financial Times: Mastering Finance Series, Summer 1997.

“Best Practice: Four Rules for Taking Your Message to Wall Street,” Harvard Business Review, May 2001.

“Review of the Securities Industry Association’s Best Practices for Research” completed for the House Financial Service Committee, Capital Markets Subcommittee, Congressional Record, August 2001.

“Beyond Financial Reporting—An Integrated Approach to Disclosure,” Journal of Applied Corporate Finance, Fall 2004.

“Roundtable on Corporate Disclosure, National Corporate Finance Forum” (with Donald Chew), Journal of Applied Corporate Finance, Fall 2004.

“Bad News Rings True: Supplemental Information Can Enhance Earnings Forecast Credibility” (with Greg Miller and Douglas Skinner), Investor Relations Quarterly vol. 6 no. 2, 2004.

C. Working Papers

“Effect of Reputation on the Credibility of Management Forecasts” (with Phillip C. Stocken), Tuck School of Business at Dartmouth, working paper, June 2009.

“Opacity, Crash Risk and the Option Smirk Curve" (with Mark Bradshaw, Alan Marcus and Hassan Tehranian), Boston College Carroll School of Management working paper, August 2010.

D. Best Selling Cases and Notes

America Online, Inc.,” Harvard Business School Case 196-130 (1996) and Teaching Note 199-037 (1999).

“Boston Beer Company,” Harvard Business School Case 196-138 (1996) and Teaching Note 100-095 (2000).

“Policy Management Systems Corp.: The Financial Reporting Crisis,” Harvard Business School Case 102-013 (2001) and Teaching Note 102-033 (2001).

“Progressive Insurance: Disclosure Strategy,” Harvard Business School Case 102-012 (2001) and Teaching Note 102-019 (2002).

“The Financial Reporting Environment,” Harvard Business School Course Note 102-029 (2001).

E. Citations (last updated, January 2013):  SSCI  973     Google Scholar  9,647

           Adjusted to be per co-authors:   Harzing  3,858

 

Courses Taught: 

Teaching Assignments

Harvard Business School

1991-1994        Financial Reporting, Management Accounting and Control

1995-2000        Business Analysis and Valuation

1998-2001        Driving Corporate Performance, Executive Education

2000-2001        Financial Reporting and Control

Tuck School of Business at Dartmouth College

2002-2004        Financial Measurement, Analysis and Reporting

Spring 2005      Financial Reporting and Statement Analysis

2002-2006        Various Executive Education Programs

Carroll School of Management, Boston College

2006-present     Financial Statement Analysis and Valuation

2010                 Financial Accounting Standards and Theory II

IBM Development Program

2006-present    Business Insights Program

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