Thomas Z. Lys

Northwestern University - Kellogg School of Management

Eric L. Kohler Chair in Accounting

2001 Sheridan Road

Department of Accounting & Information Systems

Evanston, IL 60208

United States

SCHOLARLY PAPERS

26

DOWNLOADS
Rank 212

SSRN RANKINGS

Top 212

in Total Papers Downloads

49,572

CITATIONS
Rank 522

SSRN RANKINGS

Top 522

in Total Papers Citations

923

Scholarly Papers (26)

The Ohlson Model: Contribution to Valuation Theory, Limitations, and Empirical Applications

Sauder School of Business Working Paper
Number of pages: 48 Posted: 16 Mar 2000
Kin Lo and Thomas Z. Lys
University of British Columbia (UBC) - Sauder School of Business and Northwestern University - Kellogg School of Management
Downloads 8,620 (407)
Citation 67

Abstract:

The Ohlson Model: Contribution to Valuation Theory, Limitations, and Empirical Applications

Journal of Accounting, Auditing & Finance, Summer 2000
Posted: 16 Mar 2000
Kin Lo and Thomas Z. Lys
University of British Columbia (UBC) - Sauder School of Business and Northwestern University - Kellogg School of Management

Abstract:

Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes Oxley Periods

AAA 2006 Financial Accounting and Reporting Section (FARS) Meeting Paper
Number of pages: 52 Posted: 28 Sep 2005
Daniel A. Cohen, Aiyesha Dey and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management and Northwestern University - Kellogg School of Management
Downloads 5,964 (780)
Citation 148

Abstract:

Earnings Management, Sarbanse-Oxley Act, Executive Compensation

Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes Oxley Periods

NYU Working Paper No. 2451/27548
Number of pages: 52 Posted: 08 Oct 2008
Daniel A. Cohen, Aiyesha Dey and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management and Northwestern University - Kellogg School of Management
Downloads 463 (47,724)
Citation 148

Abstract:

Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes Oxley Periods

Accounting Review, Forthcoming
Posted: 26 Oct 2007
Daniel A. Cohen, Aiyesha Dey and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management and Northwestern University - Kellogg School of Management

Abstract:

Earnings Management, Real Earnings Management, Sarbanes Oxley Act, Executive Compensation

Trends in Earnings Management and Informativeness of Earnings Announcements in the Pre- and Post-Sarbanes Oxley Periods

Number of pages: 44 Posted: 09 Jan 2004
Daniel A. Cohen, Aiyesha Dey and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management and Northwestern University - Kellogg School of Management
Downloads 4,554 (1,259)
Citation 45

Abstract:

Earnings Management, Sarbanes Oxley Act

Trends in Earnings Management and Informativeness of Earnings Announcements in the Pre- and Post-Sarbanes Oxley Periods

NYU Working Paper No. 2451/27545
Number of pages: 44 Posted: 08 Oct 2008
Daniel A. Cohen, Aiyesha Dey and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management and Northwestern University - Kellogg School of Management
Downloads 396 (57,875)
Citation 44

Abstract:

4.

The Financial Reporting Environment: Review of the Recent Literature

Number of pages: 150 Posted: 06 Oct 2009 Last Revised: 13 Aug 2010
Stanford University - Graduate School of Business, University of Texas at Dallas - Naveen Jindal School of Management, Northwestern University - Kellogg School of Management and Northwestern University - Department of Accounting Information & Management
Downloads 3,832 (1,497)
Citation 89

Abstract:

Financial Reporting, Information Environment, Disclosure, Analyst Forecasts

5.
Downloads 3,568 ( 1,932)
Citation 191
6.

Bridging the Gap Between Value Relevance and Information Content

Sauder School of Business Working Paper
Number of pages: 42 Posted: 10 Jan 2001
Kin Lo and Thomas Z. Lys
University of British Columbia (UBC) - Sauder School of Business and Northwestern University - Kellogg School of Management
Downloads 3,560 (1,752)
Citation 17

Abstract:

Valuation, capital markets, relevance of accounting information, information content

The Sarbanes Oxley Act of 2002: Implications for Compensation Contracts and Managerial Risk-Taking

Number of pages: 44 Posted: 26 Jul 2004 Last Revised: 24 Apr 2008
Daniel A. Cohen, Aiyesha Dey and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management and Northwestern University - Kellogg School of Management
Downloads 2,970 (2,634)
Citation 25

Abstract:

Sarbanes Oxley Act, Executive Compensation, Incentives, Regulation

The Sarbanes Oxley Act of 2002: Implications for Compensation Contracts and Managerial Risk-Taking

NYU Working Paper No. 2451/27546
Number of pages: 44 Posted: 08 Oct 2008
Daniel A. Cohen, Aiyesha Dey and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management and Northwestern University - Kellogg School of Management
Downloads 310 (77,104)
Citation 25

Abstract:

Use of R-squared in Accounting Research: Measuring Changes in Value Relevance over the Last Four Decades

Sauder School of Business Working Paper
Number of pages: 45 Posted: 08 Dec 1998
Stephen Brown, Kin Lo and Thomas Z. Lys
University of Maryland - Department of Accounting & Information Assurance, University of British Columbia (UBC) - Sauder School of Business and Northwestern University - Kellogg School of Management
Downloads 2,056 (5,015)
Citation 125

Abstract:

Use of R-squared in Accounting Research: Measuring Changes in Value Relevance over the Last Four Decades

Journal of Accounting & Economics, Vol 28, No 2, January 2000
Posted: 24 Jan 2000
Stephen Brown, Kin Lo and Thomas Z. Lys
University of Maryland - Department of Accounting & Information Assurance, University of British Columbia (UBC) - Sauder School of Business and Northwestern University - Kellogg School of Management

Abstract:

9.

Conservatism, Analyst Ability, and Forecast Error: Evidence on Financial Statement Users' Ability to Account for Conservatism

Number of pages: 48 Posted: 23 Nov 2007 Last Revised: 23 Oct 2014
Henock Louis, Thomas Z. Lys and Amy X. Sun
Pennsylvania State University - Smeal College of Business, Northwestern University - Kellogg School of Management and University of Houston
Downloads 1,846 (4,831)
Citation 6

Abstract:

Accounting conservatism, analyst forecast error

10.

The Nature and Implications of Acquisition Goodwill

Number of pages: 54 Posted: 05 Apr 2011 Last Revised: 15 Mar 2012
Thomas Z. Lys, Linda Vincent and Nir Yehuda
Northwestern University - Kellogg School of Management, Northwestern University and University of Texas at Dallas - Department of Accounting & Information Management
Downloads 1,515 (8,352)
Citation 2

Abstract:

goodwill, acquistion

The Internet Downturn: Finding Valuation Factors in Spring 2000

JAE Boston Conference June 2001
Number of pages: 51 Posted: 11 Mar 2001
Harvard University - John F. Kennedy School of Government, Northwestern University - Kellogg School of Management and Northwestern University
Downloads 1,500 (8,582)
Citation 28

Abstract:

Valuation, internet firms, stock options, earnings, cash flows

The Internet Downturn: Finding Valuation Factors in Spring 2000

Journal of Accounting and Economics, Vol. 34, Nos. 1-3, pp. 189-236, January 2003
Posted: 05 Feb 2003
Harvard University - John F. Kennedy School of Government, Northwestern University - Kellogg School of Management and Northwestern University

Abstract:

valuation, internet firms, stock options, earnings, cash flows

12.

An Examination of the Impact of the Sarbanes-Oxley Act on the Attractiveness of US Capital Markets for Foreign Firms

Review of Accounting Studies, Forthcoming
Number of pages: 43 Posted: 09 Jan 2007 Last Revised: 08 May 2012
University of Massachusetts Dartmouth - Charlton College of Business, Columbia University - Columbia Business School, Northwestern University - Kellogg School of Management and The Chinese University of Hong Kong (CUHK) - Faculty of Business Administration
Downloads 1,314 (10,491)
Citation 21

Abstract:

Sarbanes-Oxley Act, Delisting, Cross-listing

Abstract:

Abstract:

Corporate Accountability Reporting, Corporate Social Responsibility, Voluntary Disclosure, Signaling

15.

Experience, Expertise and the Forecasting Performance of Security Analysts

Number of pages: 48 Posted: 26 Jan 1998
John Jacob, Thomas Z. Lys and Margaret Neale
University of Colorado at Boulder - Department of Accounting, Northwestern University - Kellogg School of Management and Stanford Graduate School of Business
Downloads 686 (26,328)
Citation 110

Abstract:

Earnings Announcement Premia and the Limits to Arbitrage

Number of pages: 50 Posted: 04 Jan 2005
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management, Northwestern University - Kellogg School of Management and University of Arizona - Department of Accounting
Downloads 576 (35,923)
Citation 27

Abstract:

Earnings announcements, risk, diversification, risk-return tradeoff, limits to arbitrage

Earnings Announcement Premia and the Limits to Arbitrage

NYU Working Paper No. 2451/27555
Number of pages: 50 Posted: 08 Oct 2008
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management, Northwestern University - Kellogg School of Management and University of Arizona - Department of Accounting
Downloads 108 (206,256)
Citation 27

Abstract:

Earnings Announcement Premia and the Limits to Arbitrage

Forthcoming, Journal of Accounting & Economics (JAE)
Posted: 09 Apr 2007
University of Texas at Dallas - Naveen Jindal School of Management, University of Minnesota - Twin Cities - Carlson School of Management, Northwestern University - Kellogg School of Management and University of Arizona - Department of Accounting

Abstract:

Earnings Announcements, Announcement Premium, Preannouncements

A Note on Analysts' Earnings Forecast Errors Distribution

JAE Boston Conference October 2002
Number of pages: 31 Posted: 21 Nov 2003
Daniel A. Cohen and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management and Northwestern University - Kellogg School of Management
Downloads 582 (35,445)
Citation 10

Abstract:

Analysts' forecasts, analysts' bias, analysts' under/overreaction to information, analysts' loss function, discretionary accruals.

A Note on Analysts' Earnings Forecast Errors Distribution

NYU Working Paper No. 2451/27553
Number of pages: 31 Posted: 08 Oct 2008
Daniel A. Cohen and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management and Northwestern University - Kellogg School of Management
Downloads 89 (235,873)
Citation 10

Abstract:

Analysts forecasts, analysts bias, analysts under/overreaction to information, analysts loss function, discretionary accruals

A Note on Analysts' Earnings Forecast Errors Distribution

Journal of Accounting & Economics, Vol. 36, No. 1-3, pp. 147-164, December 2003
Posted: 07 Jan 2004
Daniel A. Cohen and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management and Northwestern University - Kellogg School of Management

Abstract:

Weighing the Evidence on the Relation between External Corporate Financing Activities, Accruals and Stock Returns

Journal of Accounting & Economics (JAE), Vol. 42, pp. 87-105, 2006
Number of pages: 30 Posted: 24 Apr 2006
Daniel A. Cohen and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management and Northwestern University - Kellogg School of Management
Downloads 495 (43,834)
Citation 6

Abstract:

External financing, Analysts' forecasts, Accruals, Capital Markets, Market Efficiency

Weighing the Evidence on the Relation between External Corporate Financing Activities, Accruals and Stock Returns

NYU Working Paper No. 2451/27556
Number of pages: 30 Posted: 08 Oct 2008
Daniel A. Cohen and Thomas Z. Lys
University of Texas at Dallas - Naveen Jindal School of Management and Northwestern University - Kellogg School of Management
Downloads 118 (193,178)
Citation 6

Abstract:

External financing, Analysts forecasts, Accruals, Capital Markets, Market Efficiency

19.
Downloads 444 (49,607)
Citation 1

Abstract:

Banks, capital regulation, security issuances, accounting

20.

Do Acquisitions of Private Targets Create Higher Value? The Role of Intangible Assets Acquired

Number of pages: 53 Posted: 02 Nov 2012 Last Revised: 01 Mar 2017
Thomas Z. Lys and Nir Yehuda
Northwestern University - Kellogg School of Management and University of Texas at Dallas - Department of Accounting & Information Management
Downloads 380 (61,376)

Abstract:

mergers and acquisitions, synergies, premium

Abstract:

Cash, Tax, Mergers and Acquisitions

22.

Endogenous Entry/Exit as an Alternative Explanation for the Disciplining Role of Independent Analysts

Number of pages: 15 Posted: 13 Nov 2007
Thomas Z. Lys and Jayanthi Sunder
Northwestern University - Kellogg School of Management and University of Arizona - Eller College of Management
Downloads 115 (192,388)
Citation 3

Abstract:

independent analysts, forecast accuracy, endogenous entry

23.

Do Acquisitions of Private Targets Create Higher Value?

Number of pages: 46 Posted: 02 Dec 2016
Thomas Z. Lys and Nir Yehuda
Northwestern University - Kellogg School of Management and University of Texas at Dallas - Department of Accounting & Information Management
Downloads 0 (178,454)

Abstract:

Private Targets, Intangibles

24.

Discretionary Accounting Choices and the Predictive Ability of Accruals with Respect to Future Cash Flows

Journal of Accounting & Economics (JAE), 2012
Posted: 15 Oct 2007 Last Revised: 08 Feb 2012
University of Notre Dame, University of Iowa - Department of Accounting and Northwestern University - Kellogg School of Management

Abstract:

Discretionary Accruals, Earnings Management, Restatements, Cash Flow, Predictive Ability of Accruals

Abstract:

26.

Lawsuits Against Auditors

Working Paper No FR 93-09
Posted: 08 May 1995
Thomas Z. Lys and Ross L. Watts
Northwestern University - Kellogg School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract: