hero image
Laurel Franzen, Ph.D. - Loyola Marymount University. Los Angeles, CA, US

Laurel Franzen, Ph.D.

Professor of Accounting, College of Business Administration | Loyola Marymount University


Chair, Department of Accounting


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

Laurel Franzen is chair of the Department 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 (3)

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 (4)

Financial Accounting

Equity Valuation

Financial Distress

Bankruptcy Forecasting

Industry Expertise (3)



Financial Services

Affiliations (2)

  • American Accounting Association
  • American Finance Association

Articles (4)

Bringing leased assets onto the balance sheet

Journal of Corporate Finance


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

view more

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

Social Science Research Network


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.

view more

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

Journal of Accounting and Public Policy


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.

view more

Measuring Distress Risk: The Effect of R&D Intensity

The Journal of Finance


Because of upward trends in research and development activity, accounting measures of financial distress have become less accurate.

view more