Secondary Titles (1)
- James R. Hodge Chair of Excellence
Dr. James M. Wahlen has served on the faculties of the University of Chicago, the University of North Carolina at Chapel Hill, INSEAD, the University of Washington, and Pacific Lutheran University. Dr. Wahlen's teaching and research interests focus on financial accounting, financial statement analysis, and the capital markets. His research investigates earnings quality and earnings management, earnings volatility as an indicator of risk, fair value accounting for financial instruments, accounting for loss reserve estimates by banks and insurers, stock market efficiency with respect to accounting information, and testing the extent to which future stock returns can be predicted with earnings and other financial statement information. His research has been published in a wide array of academic and practitioner journals in accounting and finance. Dr. Wahlen has public accounting experience in both Milwaukee and Seattle and is a member of the American Accounting Association.
Industry Expertise (6)
Writing and Editing
Areas of Expertise (7)
Accounting and Finance
Banking and Capital markets
Financial Statement Analysis
Ernst & Young Faculty Fellow (professional)
Ernst & Young Faculty Fellow
KPMG Faculty Fellowship (professional)
KPMG Faculty Fellowship
Associate Editor, Accounting Horizons (professional)
Associate Editor, Accounting Horizons
Editorial Board, Accounting Review (professional)
Editorial Board, Accounting Review
University of Michigan: PhD, Accounting 1991
University of Washington: MBA and MPAcc, Business Administration and Professional Accounting 1982
University of Wisconsin: BBA, Business Administration 1979
Analytics in empirical/archival financial accounting researchBusiness Horizons
2014 The article describes various analytics in empirical/archival financial accounting research. The discussion is focused on research questions that are central to accounting research, analytics used to test hypotheses, and evidence.
Can Financial Statement Analysis Beat Consensus Analysts’ Recommendations?Review of Accounting Studies
2011 The article examines whether investors can exploit financial statement information to identify companies with a greater likelihood of future earnings increases and whether stocks of those companies generate 1-year abnormal returns that exceed the abnormal returns from following analysts’ consensus recommendations.
Publicly-Traded versus Privately-Held: Implications for Conditional Conservatism in Bank AccountingReview of Accounting Studies
2009 The article compares how privately held banks and publicly traded banks face greater agency costs because of greater separation of ownership and control but enjoy greater benefits from access to the equity capital market. Differences in control and capital market access influence public versus private banks’ accounting.
Hold 'em? Using Financial Statement Information to Pick Winners and Losers when Consensus Analysts' Recommendations are NeutralSSRN Electronic Journal
2007 This article develops and test predictions about whether users of analysts' recommendations can exploit financial statement information to identify hold-recommendation firms that will generate abnormal returns in the coming year. The approach used summarizes financial statement ratios into a predictor of the likelihood a firm will generate an earnings increase in the coming year.
Risk-Relevance of Fair Value Income Measures for Commercial BanksThe Accounting Review
2006 This article investigates the risk relevance of the standard deviation of three performance measures: net income, comprehensive income, and a constructed measure of full-fair-value income for a sample of 202 U.S. commercial banks from 1996 to 2004.