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Lucy Chen, PhD - Villanova University. Villanova , PA, US

Lucy Chen, PhD

John M. Cooney Endowed Professor in Accounting | Professor of Accounting | Villanova School of Business | Villanova University


Lucy Chen, PhD, is an expert in international accounting, mergers and acquisitions, goodwill impairment and fair value accounting.





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Areas of Expertise (6)


International Accounting

Goodwill Impairment

Fair Vaue Accounting

Accounting Regulation

Mergers & Acquisitions Accounting


Upholding strict accounting standards is critical to fair dealing in business. Dr. Chen is an expert in various aspects of accounting, especially international accounting, mergers and acquisitions, and fair value accounting. She can talk about the effects of globalization and increasingly complex mergers and acquisitions on the field as well as and how accounting regulation affects the average investor.

Education (2)

Temple University: PhD

Xiamen University: BA

Select Accomplishments (5)

Nominee for the 2017 AAA/J. Michael and Mary Anne Cook/Deloitte Foundation Prize (professional)

American Accounting Association 2017

American Accounting Association New Faculty Consortium Fellow (professional)


The McDonough Family Faculty Award (professional)

Villanova University 2017

Center for Global Leadership Research Excellence Award (professional)

Villanova University 2017

The Diana and James Yacobucci ’73 Assistant Professorship (professional)

Villanova University 2015, 2016

Affiliations (3)

  • American Accounting Association
  • International Journal of Accounting, Auditing, and Performance Evaluation
  • The International Journal of Accounting

Select Media Appearances (1)

New Accounting Rules Leave US Companies Guessing

Global Finance Magazine  online


The new Accounting Standards Update (ASU), otherwise known as ASC 606, is intended to reduce the differences between US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). Complete implementation of ASC 606 is required for 2018 financial reporting by public companies (with an additional year for nonpublic entities). While a few have already switched to the new standard, a survey conducted earlier this year by global accounting firm EY revealed that more than 70% of listed firms had not yet completed their revenue recognition programs, and 14% had not even started assessing the new guidelines. “[ASC 606] is a big and important change and has high implementation costs for firms,” says Lucy Chen, associate professor of accountancy and information systems at Villanova University School of Business. “That’s also why the Financial Accounting Standards Board decided in 2015 to propose a one-year delay of the effective date.”

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Research Grants (2)

University Conference Travel Grant

Villanova University 


Competitive Summer Research Grant

Arizona State University 

2007, 2009, 2010

Select Academic Articles (5)

Does Incentive-Based Compensation for Chief Internal Auditors Impact Objectivity? An External Audit Risk Perspective

Auditing: A Journal of Practice & Theory

Chen, L. H., H. H. Chung, G. Peters, and J. P. Wynn


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Goodwill Impairment Charges and Analyst Forecast Properties

Accounting Horizons

Chen, Lucy & Krishnan, Jayanthi & Sami, Heibatollah.


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The Impact of Eliminating the Form 20-F Reconciliation on Shareholder Wealth: Evidence from U.S. Cross-Listed Firms?

The Accounting Review

Chen, L. H., I. Khurana


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The impact of firm characteristics on trading volume reaction to the earnings reconciliation from IFRS to U.S. GAAP

Contemporary Accounting Research

Chen, L. H., and H. Sami


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Auditor Attestation Under SOX Section 404 and Earnings Informativeness

Auditing: A Journal of Practice & Theory

Chen, Lucy & Krishnan, Jayanthi & Sami, Heibatollah & Zhou, Haiyan


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