Mahmoud Nourayi, Ph.D.
Emeritus Professor of Accounting, College of Business Administration | Loyola Marymount University
Los Angeles, CA, UNITED STATES
Biography
You can contact Mahmoud Nourayi at Mahmoud.Nourayi@lmu.edu.
Mahmoud Nourayi retired from LMU in May 2021 after 31 years with the university. During his tenure, he served as professor of accounting, chair of the Department of Accounting and associate dean of the College of Business Administration. Mahmoud was recognized as the “2012 Outstanding Accounting Educator" by the California Society of Certified Public Accountants. He has taught cost accounting, management accounting, quantitative methods, and planning and managerial decisions since 1981. His professional experience includes tax and financial and management advisory services. He worked as an auditor in both public accounting and government. His professional experience also includes position as the accounting manager of a manufacturing concern and corporate internal auditor.
His research interests include measurement concepts, managerial issues, corporate governance, CEO compensation and educational and economics-based research. Professor Nourayi has published in journals such as the Journal of Accounting and Public Policy, the International Review of Economics and Business, Journal of Managerial Issue, Internal Auditing Journal, Issues in Accounting Education, Journal of Education for Business, Research on Accounting Ethics, Research on Professional Responsibility and Ethics in Accounting, Journal of Applied Business Research, Managerial Finance, Managerial and Decision Economics, and The Journal of Business Inquiry among others.
He is a member of the American Accounting Association, Institute of Management Accountants, International Association for Accounting Education and Research, and the California Society of CPAs. He has been a member of several committees of California Society of CPAs'. He is also a past president of the South Bay Chapter of Institute of Management Accountants.
Education (5)
USC: Ph.D. 1989
California State University, Los Angeles: M.S.B.A., Economics 1983
West Coast University: MBA, Business Administration 1978
West Coast University, Los Angeles: M.S., Financial Management 1977
Institute of Advanced Accounting: B.S., Accounting 1975
Areas of Expertise (4)
Tax + Financial Consultant
Auditor in Government and Public Accounting
Internal Auditor + Accounting Manager
Public Accounting
Industry Expertise (4)
Accounting
Education/Learning
Research
Training and Development
Accomplishments (7)
Paul A. Grosch Professorship in Accounting, Loyola Marymount University (professional)
2014-09-01
The Grosch Professorship is named after Paul Grosch, who was an accounting professor at LMU for 32 years. Professor Grosch’s vision for educating competitive and ethical accounting professionals is still at the core of the LMU Accounting Program. Distinguished faculty who hold the Grosch Professorship perpetuate this legacy and ensure that the Department of Accounting sustains its tradition of excellence in accounting education.
2012 Outstanding Accounting Educator Award, California Society of CPAs (professional)
2012-06-22
Mahmoud Nourayi was selected as one of two recipients of the California Society of CPAs (CalCPA) 2012 Outstanding Accounting Educator Award. The award recognizes educators employed as full-time faculty members at an accredited college or university in California who have made significant contributions to accounting education and demonstrated excellence in teaching and/or endeavors in research over a sustained period of time.
Best Paper: “Aggregated Performance Measures” (professional)
2005-02-01
12th Annual Conference of American Society of Business & Behavioral Science, Managerial Accounting Track
1985 Outstanding Doctoral Student's Achievement Award (professional)
1985-06-01
University of Southern California
Certified Public Accountant (CPA) (professional)
1980-12-01
California, (Certificate Number 31235E)
Certified Management Accountant (CMA) (professional)
1984-10-01
(Certificate Number 4841)
Certified in Financial Management (CFM) (professional)
1997-04-01
(Certification Number 277)
Affiliations (5)
- American Accounting Association
- California Society of Certified Public Accountants
- Institute of Management Accounting
- Beta Gamma Sigma
- International Association for Accounting Education and Research
Languages (1)
- Farsi
Research Focus (3)
Research Interests:
(1) Economic based research/regulatory environment (2) Performance Measurement--Concepts and Application (3) Cost management systems and evaluation
Dissertation:
"SEC's Enforcement Actions and its Effectiveness in an Efficient Market."
Masters’ Thesis:
-“Demand for Money in Iran: 1960-1977.” (CSULA) -“Nationalization of Iranian Oil & International Relations: 1901- 1961.” (WCU)
Articles (30)
Earnings Persistence in the IT Sector
ScienPressI analyze the stochastic properties of three measures of profitability for the Information Technology Economic Sector using a balanced panel of disaggregated US Information Technology (IT) firms during the period 1995-2009.
The Impact of Corporate Governance and the Sarbanes-Oxley Act on CEO Compensation
Journal of Applied BusinessRefereed Journal. Co-author. This paper examines the effects of corporate governance on CEO compensation in light of regulatory controls introduced by the Sarbanes-Oxley Act of 2002 (SOX). The influence of economic and corporate governance variables on incentive-based CEO compensation are considered, using cross-section time-series panel data that includes multiple observations for the years 1999 to 2005.
An Empirical Analysis of the Competitiveness in the U.S. Airline Industry
Review of Economics & Finance, Volume 5, (3), 2015: pp. 83-99Refereed Journal. Co-author.
An Alternative Test of the Trade-Off Theory of Capital Structure
Contemporary Economics., Volume 8 (4), 2014: pp. 365-386Refereed Journal. Co-author.
Firm Profitability: Mean-Reverting or Random-Walk Behavior?
Journal of Economics and Business, 66, 2013: pp. 76-97Refereed Journal. Co-author.
Speculative Markets and CEO Compensation
Journal of Global Business Issues, Vol. (4), Issue 1, 2010: pp 37-49Refereed Journal. Author.
Non-financial Measures, Aggregation and Performance Evaluation
The Journal of Business Inquiry, Vol.8 (1), 2009:pp. 1-11Refereed Journal. Co-author.
CEO Compensation, Firm Performance and Operational Characteristics
Managerial Finance, Vol.34 (8), 2008:pp. 562-584Refereed Journal. Co-author.
Tenure, Firm Performance, and CEOs’ Compensation
Managerial Finance, Vol.34 (8), 2008: pp. 524-536Refereed Journal. Co-author.
Executive Compensation and Firm Performance: Adjustment Dynamics, Non-linearity and Asymmetry
Managerial and Decision Economics,Vol.29(4), 2008: pp.293-315Refereed Journal. Co-author.
CEO Compensation and Firm Performance: Non-linearity and Asymmetry
Advances in Management Accounting, Vol. 15, 2006: p. 103-126Refereed Journal. Author.
Profitability in Professional Sports & Benchmarking: The Case of NBA Franchises
Benchmarking--An International Journal, Vol. 13 (3), 2006:pp. 52-271Refereed Journal. Author.
The Effect of Non-recurring Gains and Losses on the CEO’s Compensation
Journal Corporate Ownership & Control, Vol. 3 (3), Spring 2006:pp. 161-177Refereed Journal. Co-author.
The Impact of Incentives on the CEO Compensation and Firm Performance
Rivista Internazionale Di Scienze Economoche E Commerciali (International Review of Economics and Business),Vol.53(3), September 2006: pp. 402-420Refereed Journal. Co-author.
An Instructional Case in Using Receivables as Collateral for a Loan: Harrison Chemical Company
Research on Professional Responsibility and Ethics in Accounting, Volume 10, 2005:pp. 195-209Refereed Journal. Co-author.
International Textile, Inc.
Research on Accounting Ethics, Volume 8, Spring 2002: pp. 251-261Refereed Journal. Co-author.
An Appraisal of Doctoral Education: Perception of Recent Graduates
The Journal of 21st Century Accounting, Volume 1 (1), Winter 2001: pp. 1-20Refereed Journal. Author.
Financial Synergy of Bank Mergers: The Case of Bank of America
Journal of Bank Cost & Management Accounting, 1998, 11 (2): pp. 3-18Refereed Journal. Co-author.
The impact of Time Budget Pressure on Internal Auditors' Behavior
Internal Auditing, 13 (1), Summer 1997: pp. 42-50Refereed Journal. Co-author.
The Influence of Political Environment on the Regulatory Enforcement Process: The Case of the Securities & Exchange Commission
Rivista Internazionale Di Scienze Economoche E Commerciali (International Review of Economics and Business), 43 (1), January-March 1996: pp. 31-40Refereed Journal. Co-author.
Performance Evaluation and Measurement Issues
Journal of Managerial Issues, 8 (2), Summer 1996: pp. 206-217Refereed Journal. Co-author.
Economic Conditions and the SEC's Enforcement Process
Journal of Applied Business Research, 11 (2), Spring 1995: pp. 23-28Refereed Journal. Author.
Stock Price Responses to the SEC's Enforcement Actions
Journal of Accounting and Public Policy, 13 (4), Winter 1994: pp. 333-347Refereed Journal. Author.
Some Performance and Attitude Effect on Students in Managerial Accounting: Lecture vs. Self-Study Courses
Issues in Accounting Education,9 (2), Fall 1994: pp. 319-329Refereed Journal. Co-author.
A Test of Regulatory Behavior: The Case of the Securities & Exchange Commission
Rivista Internazionale Di Scienze Economoche E Commerciali (International Review of Economics and Business), 41 (4), April 1994: pp. 311-324Refereed Journal. Co-author.
Accounting Students' Performance and Personality Types
Journal of Education for Business, 69 (2), November/December 1993: pp. 111-115Refereed Journal. Co-author.
Business Institutions
(ed.) University readers, San Diego, CaliforniaBook. Author.
"New Manufacturing Environment & the JIT Philosophy" in Global Business Trends
S. G. Amin, D. L. Moore, D. L. Kurtz, and S. Fullerton (eds.), Academy of Business Administration, 1997: pp. 1 -7.Book. Author
The Influence of Political Environment on the Regulatory Enforcement Process: The Case of the Securities & Exchange Commission
Documentation Politique Internationale (International Political Science Abstract)Other. Author
“Accounting Students' Performance Evaluation: Does the Examination Format Matter?” in Accounting Education for the 21st Century: The Global Challenges
Jane O. Burns and Belverd E. Needles, Jr. (Eds.), American Accounting Association, 1994: pp. 359-368Other. Author.
