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Dana  Hermanson, Ph.D. - Kennesaw State University. Kennesaw, GA, US

Dana Hermanson, Ph.D. Dana  Hermanson, Ph.D.

Dinos Eminent Scholar Chair of Private Enterprise and Professor of Accounting | Kennesaw State University

Kennesaw, GA, UNITED STATES

Dana Hermanson has received several awards for his contributions in research, teaching, and professional service.

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Biography

Dana Hermanson is Dinos Eminent Scholar Chair of Private Enterprise, director of research of the Corporate Governance Center and professor of Accounting in the Coles College of Business at Kennesaw State University.

He has received several awards and recognitions fro his contributions in research, teaching and professional service, including two graduate teaching awards and four honors as a faculty mentor.

was cited as one of the 2010 “People to Watch” in corporate governance by Directorship magazine, and was recognized in the BYU Accounting Research Rankings as the 25th most productive accounting researcher worldwide in 12 top accounting journals for the period 1990-2015 (also ranked #14 in Auditing and #6 in Accounting Education Research). Dana and his co-authors received the 2008 Deloitte/AAA Wildman Medal, which recognizes research judged “to have made or be likely to make the most significant contribution to the advancement of the public practice of accountancy.” He received the Issues in Accounting Education Best Paper Award in 2009. Dana was named the Kennesaw State University Foundation 2007 Distinguished Professor and was awarded the 1999 and 2011 KSU Distinguished Research / Scholarship Award, as well as the 2000 KSU Distinguished Service Award. He was named to the 2003 Georgia Trend Magazine “40 Under 40” List of the Best and Brightest Young Georgians and the Atlanta Business Chronicle’s 2004 “Who’s Who in Accounting.”

Hermanson’s research addresses issues related to auditing, fraud, corporate governance, and accounting education. Hermanson has authored or co-authored over 200 publications and has been published in such journals as Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, Journal of Accounting and Public Policy, Journal of Accounting Literature, Accounting Horizons, Journal of Accounting, Auditing and Finance, Behavioral Research in Accounting, Journal of Information Systems, Issues in Accounting Education, Critical Perspectives on Accounting, Long Range Planning, and Journal of Business Ethics.

Dana was founding Co-Editor of Current Issues in Auditing and Co-Editor of Accounting Horizons. He served on the Pathways Commission Implementation Task Force from 2012-2015.

Industry Expertise (2)

Accounting Research

Areas of Expertise (5)

Corporate Governance Auditing Fraud Forensic Accounting Regulation

Accomplishments (1)

Accounting Education Research (professional)

2015-01-01

Recognized as the 25th most productive accounting researcher worldwide in 12 top accounting journals for the period 1990-2015. Also ranked #14 in Auditing and #6 in Accounting Education Research.

Education (2)

University of Wisconsin - Madison: Ph. D., Accounting 1993

University of Georgia: B.B.A., Accounting 1986

Affiliations (5)

  • Pathways Commission Implementation Team
  • Deloitte Wildman Medal Selection Committee
  • Auditing: A Journal of Practice & Theory
  • Institute of Internal Auditors
  • American Accounting Association

Media Appearances (9)

Hillary: A Big Part of Many U.S. Foreign Policy Failures

Wall Street Journal  print

2016-09-16

William Galston (“ Obama’s Toothless Foreign Policy,” Politics & Ideas, Sept. 7) describes several failures of President Obama’s “eight-year experiment in foreign policy” and then somehow abruptly concludes that Hillary Clinton has “emerged as the one champion of the traditional, muscular, often bipartisan approach to American foreign policy” (and, of course, he notes that electing Donald Trump would make things worse).

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Hillary’s Exit Tax: Fastest Way to Kill Growth

Wall Street Journal  print

2016-08-25

The editorial notes that Mr. Trump’s tax plan would “solve the problem that Mrs. Clinton claims to be angry about,” namely corporate inversions. I have become convinced that progressives aren’t interested in actually solving our economic problems. Rather, the progressive approach to corporate inversions, and many other economic issues, seems to focus instead on maximizing political power and spinning a tale that is appealing to the progressive voting base. In this case, high corporate-tax rates give politicians more power, and Mrs. Clinton’s tale is appealing to those who view business as evil: “Corporations should not abandon profitable operations here in the United States to move abroad, just to give shareholders a quicker return, CEOs a bigger bonus and unions a weaker hand to play,” she said.

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On Anti-Business Attitudes in Business Schools

Wall Street Journal  print

2016-02-29

Matthew T. Tice seems to want to encounter only quantitative, technical material in his business and finance education, but business is about much more than the numbers and the models (“My Antibusiness Business Education,” op-ed, Feb. 19). It’s also about the people and the pressures that employees may face, especially in finance and accounting.

I teach accounting courses on fraud to sensitize the students to the very real pressures and coercive leaders they may encounter in their careers. I want my students, and analysts like Mr. Tice, to be prepared for situations when a boss may say, “I don’t care what the rules say, or what the model is telling us, just do it. That’s an order!” When “good people” follow orders like this, we can get disasters like WorldCom, with economywide consequences.

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Only the Big Boys Pay Less Tax and Can Flee

Wall Street Journal  print

2016-02-03

The three Jan. 27 editorials highlight how incredibly frustrating it must be to be a liberal who can’t prevent a rational CEO from moving the company headquarters overseas, a liberal who can’t force rational young people to sign up for costly ObamaCare coverage (“ObamaCare in Arrears”) or Chinese officials who can’t prop up Chinese stocks forever (“Hope for Chinese Stocks”). Ultimately, markets and rational decision-making by the masses will beat liberal, top-down desires every time—but President Obama, Hillary Clinton and Bernie Sanders seem unable to learn this lesson. Even Chinese leaders have recognized that they can no longer fight a declining stock market. It’s time for leadership that understands markets and basic economic incentives.

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Family Values Really Do Make a Difference

Wall Street Journal  print

2015-11-04

Mr. Galston seems to view the decline of the black family as something that came out of nowhere. Did previous well-intentioned policies contribute to this situation, as many have suggested? If we fail to consider the effects of prior policies, my fear is that the next round of government solutions will create even more problems.

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On Economic Growth and Lower Birth Rates

Wall Street Journal  print

2015-10-05

In the U.S., the labor-force participation rate is abysmal, with tens of millions of working-age adults sitting on the sidelines. Thus, the short-term problem in the U.S. isn’t chiefly too few workers, but rather the job-crushing regulations and antibusiness policies pursued in recent years. Ultimately, we need a much friendlier environment for business, as well as a strong influx of talent from the sidelines and around the world.

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The Anguish and Value of the Stay-at-Home Feminists

Wall Street Journal  print

2015-05-09

My advice to my accounting students, female or male, is to decide on how much professional success they are willing to have, as success isn’t free. I also advise them, “make your career fit into your life, not your life into your career.” In other words, view some elements of life as “given” and work within those parameters. For example, if you have young children and want to be involved in their lives, then don’t take a job that requires 70-hour weeks or 80% travel.

More “success” isn’t always better—for women or men.

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Obamacare: Much More than Merely a Botched Launch.

Wall Street Journal  print

2013-11-17

Alan Blinder is worried about two threats to ObamaCare: Young people might act rationally and refuse to buy expensive coverage, and businesses with over 50 employees might act rationally and dump their employees onto the exchanges. In both cases it's easy to see why the parties would behave this way, but the authors of the law apparently didn't foresee the impact of these parties' rational economic decisions. Supporters of ObamaCare need to take off their blinders and appreciate that this law has no chance of success if rational economic behavior threatens the very core of the law.

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Cutting a Few Inches off the Miles of Federal Red Tape

Wall Street Journal  print

2012-05-10

So the president who gave us ObamaCare and Dodd-Frank is now going to make chemical labels consistent across countries, saving $475 million per year? Our country is drowning in a vast ocean of red tape, and this administration is focused on removing only one or two spoonfuls of it? What the administration doesn't appreciate is that the goal should be to eliminate unnecessary regulations (there are many from which to choose), not simply to work on tweaking regulatory differences across countries.

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Recent Papers (5)

What Do Compensation Committees on the Boards of Public Companies Do? Comparisons of Indian and US Process Differences Juxtaposing Complementary Theoretical Lenses Long Range Planning

2016

This study examined the processes undertaken by compensation committees (CCs) on Indian public company boards building on the CC process study of US public company boards reported in Hermanson et al.(2012). The Indian data reported here were gathered through scripted, in-depth, semi-structured interviews of 21 Indian directors (17 CC members, two Management Committee members and two directors, all of whom dealt with compensation matters on their boards).

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The Effect of CEO Social Influence Pressure and CFO Accounting Experience on CFO Financial Reporting Decisions Auditing: A Journal of Practice and Theory

2016

The purpose of this study is to test the effects of inappropriate CEO social influence pressure and CFO accounting experience on CFOs' reporting judgments and decisions. Specifically, we use a sample of 69 highly experienced public company CFOs to evaluate the extent that inappropriate compliance or obedience pressure from the CEO to revise financial reporting to meet an earnings target affects CFO revision decisions. The results indicate that compliance pressure (a request) and obedience pressure (an order) from the ...

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The Work Environment in Large Audit Firms: Current Perceptions and Possible Improvements Current Issues in Auditing

2016

This study examines the work environment in the audit division of large public accounting firms. Based on 18 semi-structured interviews (eight partners and 10 staff auditors currently or recently employed by large public accounting firms), we find that the interviewees cite several positive aspects of auditing careers, including the people, intellectual stimulation, challenge, and responsibility. However, they also cite significant negatives, including PCAOB regulation, stress, and hours. None of the staff interviewees ...

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Financial Reporting Fraud: Public and Private Companies Journal of Forensic Accounting Research

2016

This study uses survey data gathered by the Association of Certified Fraud Examiners (ACFE) and provided to the Institute of Fraud Prevention (IFP) to examine differences in the profile of financial reporting fraud (FRF) between private companies and public companies. Although private companies represent a significant portion of the economy, largely due to lack of data on these companies, most research on FRF examines only public companies. The primary objective of this study is to determine how private ...

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Transitioning into academia: A new pathway for practitioners Journal of Accountancy

2016

The shortage of accounting faculty in the US has been a serious concern for academicians, policymakers, and the profession for decades. One solution to the problem may be convincing more practitioners to become faculty members, and, indeed, a significant number of practitioners are interested in teaching. Though certain barriers, such as the time commitment required to earn a doctorate, have kept many practitioners from joining the ranks of the faculty, recent developments have opened new pathways for practicing ...

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