Catherine M. Schrand

University of Pennsylvania - Accounting Department

Professor

3641 Locust Walk

Philadelphia, PA 19104-6365

United States

  • University of Pennsylvania - Accounting Department

    • Email
    • Tel: 215-898-6798
    • Fax: 215-573-2054
SCHOLARLY PAPERS

25

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27,272

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550

CROSSREF CITATIONS

257

Scholarly Papers (25)

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1.

Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences

Number of pages: 164 Posted: 10 Oct 2009 Last Revised: 25 Nov 2011
Patricia Dechow, Weili Ge and Catherine M. Schrand
USC Marshall School of Business, University of Washington - Michael G. Foster School of Business and University of Pennsylvania - Accounting Department
Downloads 7,228 (1,311)
Citation 320

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earnings quality, accruals, earnings persistence, earnings response coefficient

2.

Executive Overconfidence and the Slippery Slope to Financial Misreporting

Downloads 3,526 ( 4,464)
Citation 151

Executive Overconfidence and the Slippery Slope to Financial Misreporting

AAA 2009 Financial Accounting and Reporting Section (FARS) Paper, Chicago Booth Research Paper No. 08-25
Number of pages: 47 Posted: 11 Sep 2008 Last Revised: 25 Nov 2011
Catherine M. Schrand and Sarah L. C. Zechman
University of Pennsylvania - Accounting Department and University of Colorado at Boulder - Leeds School of Business
Downloads 2,549 (7,515)
Citation 9

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executive overconfidence, fraud, earnings mangement, corporate governance

Executive Overconfidence and the Slippery Slope to Financial Misreporting

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 49 Posted: 31 Aug 2011
Catherine M. Schrand and Sarah L. C. Zechman
University of Pennsylvania - Accounting Department and University of Colorado at Boulder - Leeds School of Business
Downloads 977 (32,736)
Citation 42

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executive overconfidence, fraud, earnings management, corporate governance

3.

Information Disclosure and Adverse Selection Explanations for IPO Underpricing

Number of pages: 43 Posted: 23 Jun 2002
Catherine M. Schrand and Robert E. Verrecchia
University of Pennsylvania - Accounting Department and University of Pennsylvania - Accounting Department
Downloads 3,254 (5,139)
Citation 21

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Disclosure, initial public offerings, cost of capital

4.

Why Firms Use Currency Derivatives

Downloads 2,278 ( 9,100)
Citation 55

Why Firms Use Currency Derivatives

WP No. 96-4
Number of pages: 51 Posted: 14 Nov 1996
Christopher Geczy, Bernadette A. Minton and Catherine M. Schrand
University of Pennsylvania - The Wharton School, Finance Department, Ohio State University (OSU) - Department of Finance and University of Pennsylvania - Accounting Department
Downloads 2,278 (8,941)
Citation 55

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Why Firms Use Currency Derivatives

J. OF FINANCE, Vol. 52 No. 4, September 1997
Posted: 17 Jul 1997
Christopher Geczy, Bernadette A. Minton and Catherine M. Schrand
University of Pennsylvania - The Wharton School, Finance Department, Ohio State University (OSU) - Department of Finance and University of Pennsylvania - Accounting Department

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5.

Disclosure and the Cost of Capital: Evidence from Firms' Response to the Enron Shock

Chicago Booth School of Business Research Paper No. 08-26
Number of pages: 65 Posted: 23 Dec 2008 Last Revised: 03 May 2018
Christian Leuz and Catherine M. Schrand
University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 2,107 (10,357)
Citation 3

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Transparency, Disclosure, Cost of capital, Capital-market shocks, Financial crisis, Annual reports, Accounting scandals

6.

Choices Among Alternative Risk Management Strategies: Evidence from the Natural Gas Industry

Number of pages: 71 Posted: 15 Jan 2000
Christopher Geczy, Bernadette A. Minton and Catherine M. Schrand
University of Pennsylvania - The Wharton School, Finance Department, Ohio State University (OSU) - Department of Finance and University of Pennsylvania - Accounting Department
Downloads 1,755 (13,948)
Citation 14

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7.

The Impact of Cash Flow Volatility on Discretionary Investment and the Costs of Debt and Equity Financing

Dice Center for Research in Financial Economics Working Paper No. 98-10
Number of pages: 41 Posted: 25 Oct 1998
Bernadette A. Minton and Catherine M. Schrand
Ohio State University (OSU) - Department of Finance and University of Pennsylvania - Accounting Department
Downloads 1,448 (18,664)
Citation 43

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8.

Do Managers Tacitly Collude to Withhold Industry-Wide Bad News?

Chicago Booth Research Paper No. 13-12
Number of pages: 53 Posted: 20 Feb 2013 Last Revised: 04 Nov 2014
Jonathan L. Rogers, Catherine M. Schrand and Sarah L. C. Zechman
University of Colorado at Boulder - Leeds School of Business, University of Pennsylvania - Accounting Department and University of Colorado at Boulder - Leeds School of Business
Downloads 928 (35,688)
Citation 13

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voluntary disclosure, collusion, readability

9.

Earnings Management and its Pricing Implications: Evidence from Banks' Adjustments to the Valuation Allowance for Deferred Tax Assets Under SFAS 109

Number of pages: 35 Posted: 17 Jul 2000
Catherine M. Schrand and M.H. Franco Wong
University of Pennsylvania - Accounting Department and University of Toronto - Rotman School of Management
Downloads 897 (37,476)
Citation 4

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10.

Taking a View: Corporate Speculation, Governance and Compensation

Journal of Finance, Volume 62, Issue 5, October 2007
Number of pages: 54 Posted: 17 Dec 2004 Last Revised: 31 Mar 2021
Christopher Geczy, Bernadette A. Minton and Catherine M. Schrand
University of Pennsylvania - The Wharton School, Finance Department, Ohio State University (OSU) - Department of Finance and University of Pennsylvania - Accounting Department
Downloads 883 (38,295)
Citation 36

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Speculation, Compensation, Governance

11.

Strategic Disclosure as an Explanation for Asymmetric Return Volatility

Number of pages: 49 Posted: 21 Apr 2004
Jonathan L. Rogers, Catherine M. Schrand and Robert E. Verrecchia
University of Colorado at Boulder - Leeds School of Business, University of Pennsylvania - Accounting Department and University of Pennsylvania - Accounting Department
Downloads 778 (45,441)
Citation 9

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Strategic disclosure, bad news, disclosure thresholds, leverage effect

12.

Discretionary Reporting of Earnings Components

Number of pages: 38 Posted: 16 Feb 1998
Catherine M. Schrand and Beverly R. Walther
University of Pennsylvania - Accounting Department and Northwestern University - Department of Accounting Information & Management
Downloads 567 (68,523)
Citation 2

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13.

Analyst Recommendations and Stock Price Bubbles

Journal of Financial Reporting, Forthcoming
Number of pages: 52 Posted: 24 Jun 2014 Last Revised: 12 Jul 2019
Karthik Balakrishnan, Catherine M. Schrand and Rahul Vashishtha
Rice University - Jesse H. Jones Graduate School of Business, University of Pennsylvania - Accounting Department and Duke University
Downloads 450 (90,806)

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Public information, Analyst recommendations, Mispricing, Technology Bubble, Higher Order Beliefs, Rational Speculation

14.

Management Forecasts and Competition for Limited Investor Resources

Number of pages: 54 Posted: 19 Apr 2019
Stella Y. Park, Catherine M. Schrand and Frank Zhou
University of Pennsylvania - The Wharton School, University of Pennsylvania - Accounting Department and University of Pennsylvania - The Wharton School
Downloads 343 (123,667)
Citation 4

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comovement, disclosure, guidance, management forecasts, information acquisition

15.

What ESG-Related Disclosures Should the SEC Mandate?

Karpoff, Jonathan M. and Litan, Robert and Schrand, Catherine M. and Weil, Roman L., What ESG-Related Disclosures Should the SEC Mandate? (24 March 2022). Financial Analysts Journal, 2022, 78(2): 9-18. DOI: 10.1080/0015198X.2022.2044718. Available at SSRN: https://ssrn.com/abstract=4019614
Number of pages: 17 Posted: 30 Jan 2022 Last Revised: 21 May 2022
Jonathan M. Karpoff, Robert Litan, Catherine M. Schrand and Roman L. Weil
University of Washington - Michael G. Foster School of Business, Brookings Institution, University of Pennsylvania - Accounting Department and University of Chicago - Accounting
Downloads 315 (135,306)

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Securities and Exchange Commission, ESG, reporting requirements

16.

The Impact of Currency Risk on US MNCs: Evidence from Currency Crises

Number of pages: 59 Posted: 06 Jan 2012 Last Revised: 01 Oct 2012
Kathryn L. Dewenter, Catherine M. Schrand and Clare Wang
University of Washington - Michael G. Foster School of Business, University of Pennsylvania - Accounting Department and University of Colorado at Boulder - Leeds School of Business
Downloads 313 (136,219)
Citation 2

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Currency risk, currency exposure, cross-border investment

17.

Disclosure and the Cost of Capital: Evidence from Firms' Responses to the Enron Shock

NBER Working Paper No. w14897
Number of pages: 66 Posted: 20 Apr 2009 Last Revised: 17 Mar 2022
Christian Leuz and Catherine M. Schrand
University of Chicago - Booth School of Business and University of Pennsylvania - Accounting Department
Downloads 117 (325,538)
Citation 2

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18.

Institutional Investments in Pure Play Stocks and Implications for Hedging Decisions

Journal of Corporate Finance, Forthcoming, Charles A. Dice Working Paper No. 2016-3, Fisher College of Business Working Paper No. 2016-03-03
Number of pages: 52 Posted: 04 Feb 2016
Bernadette A. Minton and Catherine M. Schrand
Ohio State University (OSU) - Department of Finance and University of Pennsylvania - Accounting Department
Downloads 84 (403,437)

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Pure play stocks, institutional investors’ preferences, industry exposure, hedging

19.

Statement of the Financial Economists Roundtable: Bank Capital as a Substitute for Prudential Regulation

Journal of Applied Corporate Finance, Vol. 29, Issue 4, pp. 25-29, 2017
Number of pages: 7 Posted: 21 Feb 2018
Charles W. Calomiris, Catherine M. Schrand and Roman L. Weil
Columbia University - Columbia Business School, University of Pennsylvania - Accounting Department and University of Chicago - Accounting
Downloads 1 (889,430)

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20.

The Use of Multiple Risk Management Strategies: Evidence from the Natural Gas Industry

Journal of Risk, Vol. 8, No. 3, Spring 2006
Posted: 11 May 2006
Christopher Geczy, Bernadette A. Minton and Catherine M. Schrand
University of Pennsylvania - The Wharton School, Finance Department, Ohio State University (OSU) - Department of Finance and University of Pennsylvania - Accounting Department

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natural gas pipelines, time-series patterns, pipline companies, gas storage, cash holdings, line-of-business, derivatives

21.

Earnings Management Using the Valuation Allowance for Deferred Tax Assets Under SFAS 109

Posted: 22 Jul 2003
Catherine M. Schrand and M.H. Franco Wong
University of Pennsylvania - Accounting Department and University of Toronto - Rotman School of Management

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Earnings management, deferred taxes, discretion, banks

22.

Does Cash Flow Volatility Affect Firm Value? Its Impact on Discretionary Investment and the Costs of Debt and Equity Financing

Dice Center Working Paper 98-3
Posted: 11 Aug 1998
Bernadette A. Minton and Catherine M. Schrand
Ohio State University (OSU) - Department of Finance and University of Pennsylvania - Accounting Department

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23.

Hedging and Coordinated Risk Management: Evidence from Thrift Conversions

Downloads 0 (906,128)

Hedging and Coordinated Risk Management: Evidence from Thrift Conversions

96-05
Posted: 03 Jul 1998
Catherine M. Schrand and Haluk Unal
University of Pennsylvania - Accounting Department and University of Maryland - Robert H. Smith School of Business

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Hedging and Coordinated Risk Management: Evidence from Thrift Conversions

Posted: 03 Jul 1998
Catherine M. Schrand and Haluk Unal
University of Pennsylvania - Accounting Department and University of Maryland - Robert H. Smith School of Business

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24.

The Effect of Accounting-Based Debt Covenants on Equity Valuation

Posted: 22 Sep 1997
John E. Core and Catherine M. Schrand
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Pennsylvania - Accounting Department

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25.

The Association between Stock-Price Interest Rate Sensitivity and Disclosures About Derivative Instruments

ACCOUNTING REVIEW, Vol 72, No 1, January 1997
Posted: 11 Sep 1996
Catherine M. Schrand
University of Pennsylvania - Accounting Department

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