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Teri Lombardi Yohn  - Indiana University, Kelley School of Business. Bloomington, IN, US

Teri Lombardi Yohn Teri Lombardi Yohn

Professor of Accounting | Indiana University, Kelley School of Business

Bloomington, IN, UNITED STATES

Dr. Yohn's research is focused on capital markets, financial accounting, and financial statement analysis

Secondary Titles (1)

  • PricewaterhouseCoopers Faculty Fellow

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Biography

Dr. Yohn has extensive service and leadership experience. She is the current President of the Finance and Reporting Section of the AAA. During 2005-2006, Professor Yohn was an Academic Fellow at the Securities and Exchange Commission. Dr. Yohn has focused her research on capital markets, financial accounting, and financial statement analysis. She has published her work in Journal of Accounting Research, The Accounting Review, and Review of Accounting Studies. Her research has investigated why small or private companies prepare financial statements and the benefits of audited financial statements for these organizations.

Industry Expertise (5)

Accounting

Capital Markets

Education/Learning

Research

Writing and Editing

Areas of Expertise (4)

Capital Markets

Financial Accounting

Financial Statement Analysis

Financial Reporting

Accomplishments (3)

PricewaterhouseCoopers Faculty Fellowship (professional)

2009

PricewaterhouseCoopers Faculty Fellowship

Indiana University Kelley School of Business Trustee Teaching Award (professional)

2009

Indiana University Kelley School of Business Trustee Teaching Award

AAA Annual Meeting, Invited Panelist, “Research and Policy Issues Surrounding Adoption of IFRS” (professional)

2008

AAA Annual Meeting, Invited Panelist, “Research and Policy Issues Surrounding Adoption of IFRS

Education (3)

Indiana University: Ph.D, Accounting 1991

University of Delaware: B.S., Accounting 1986

Maryland: Certified Public Accountant, Accounting 1986

Event Appearances (3)

Research on the Use of Financial Statement Information for Forecasting Profitability

AFAANZ Conference - Plenary Speech  Australia

2015-07-07

Writing Constructive Review Reports

AAA New Faculty Consortium  United States of America

2015-05-01

Financial Statement-Based Forecasts and Analyst Forecasts of Profitability: The Effect of Mandatory IFRS Adoption

University of Kansas and Drexel University  University of Kansas and Drexel University

2015-05-01

Articles (5)

Firm-Specific Estimates of Differential Persistence and their Incremental Usefulness for Forecasting and Valuation The Accounting Review

2016

This article demonstrates that firm-specific estimates of differential persistence are particularly useful when forecasting earnings for more stable firms (e.g., more profitable, lower growth, and less levered firms). The authors also demonstrate that a trading strategy exploiting investors' fixation on earnings and based on firm-specific estimates of differential persistence earns statistically and economically significant excess returns that are incremental to those generated by trading strategies based on the size of accruals. These results suggest that firm-specific estimates of differential persistence are incrementally informative for forecasting and valuation.

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International Evidence on the Impact of Adopting English as an External Reporting Language Journal of International Business Studies

2015

This study investigates the economic consequences of non-English-speaking companies adopting English as an external reporting language. The authors examine a sample of European companies that initiate the voluntary issuance of an annual report in English in addition to the local language annual report. To control for self-selection, the authors use a difference-in-differences design with a propensity score matched control sample.

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Disaggregating Operating and Financing Activities: Implications for Forecasts of Profitability, Review of Accounting Studies,

2014

In this study, the authors consider whether and when the operating/financial disaggregation improves forecasts of profitability. Contrary to the use of an ‘aggregate’ forecasting approach by most related prior research, the authors first show that the operating/financial disaggregation only provides forecast improvement over a benchmark model incorporating aggregate information when the ‘components’ forecasting approach is used.

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A Diagnostic for Earnings Management Using Changes in Asset Turnover and Profit Margin Contemporary Accounting Research

2012

This article proposes and tests a new diagnostic of earnings management that is based on contemporaneous, directionally opposite changes in two fundamental accounting ratios: asset turnover (ATO) and profit margin (PM). The logic for this diagnostic follows from the articulation of the income statement and balance sheet, which under fairly general conditions forces ATO and PM to move in opposite directions when firms manage earnings.

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Fair value accounting for liabilities: The role of disclosures in unraveling the counterintuitive income statement effect from credit risk changes Accounting Organizations and Society

2011

This article explores questions surrounding when liabilities are accounted for at fair value, a deterioration of a company’s credit risk results in the reporting of an income statement gain; an improvement in a company’s credit risk results in a loss. Many argue that these income statement effects are counterintuitive and that financial statement-users are likely to misinterpret fair value gains as positive signals and fair value losses as negative signals. Utilizing an experiment with CPAs as participants, the authors find that these arguments are indeed valid.

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