Laurel Franzen, Ph.D.

Professor of Accounting, College of Business Administration Loyola Marymount University

Los Angeles CA

Chair, Department of Accounting and Paul A. Grosch Professor of Accounting

Contact

Loyola Marymount University
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Biography

You can contact Laurel Franzen at Laurel.Franzen@lmu.edu.

Laurel Franzen is chair of the Department of Accounting and currently serves as the Paul A. Grosch Professor of Accounting. She joined LMU in the fall of 2009 and teaches financial accounting at the undergraduate and graduate levels. Prior to joining LMU, Franzen was on the faculty at the University of Texas at Dallas. Her research focuses on the role of accounting information in equity valuation including issues related to the valuation of R&D, financial distress and bankruptcy prediction. Her research has been published in the Journal of Finance and the Journal of Accounting and Public Policy. She is a member of the American Accounting Association and the American Finance Association.

Education

University of Washington

Ph.D.

Postgraduate Studies

2000

Chapman University

MBA

Graduate Studies

1995

University of California at San Diego

B.A.

Undergraduate Studies

1992

Areas of Expertise

Financial Accounting

Equity Valuation

Financial Distress

Bankruptcy Forecasting

Industry Expertise

Education/Learning

Accounting

Financial Services

Affiliations

American Accounting Association
American Finance Association

Articles

Bringing leased assets onto the balance sheet

Journal of Corporate Finance

2013-09-01

Pending changes in lease accounting standards will require firms to recognize obligations that have historically been kept off-balance-sheet (OBS).

Capital Structure and the Changing Role of Off-Balance-Sheet Lease Financing

Social Science Research Network

2009-08-14

Using trend regression analysis, we demonstrate the remarkable increase in off-balance-sheet (OBS) lease financing and simultaneous decrease in capital (on-balance-sheet) leases over the last 27 years.

The Value Relevance of R&D Across Profit and Loss Firms

Journal of Accounting and Public Policy

2008-12-24

We examine whether the valuation relevance of R&D documented for loss firms extends to profit firms. We use the residual-income valuation model and show that the valuation multiplier on R&D expenditures is likely to be negative (positive) for profit (loss) firms.

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