Carla Hayn

Profile photo of Carla Hayn
“Quantitative measures of transparency are paramount now. Investors appear to be paying attention to transparency and to reward it.”
 

Professor of Accounting; Senior Associate Dean and Director, Executive MBA and Global Executive MBA; Faculty Director, International Initiatives

(310) 206-9225

Areas of Expertise

  • Financial Accounting
  • Financial Disclosures
  • Financial Statement Analysis
  • Mergers and Acquisitions
  • Taxation

About

Biography

Carla Hayn is a professor of accounting at UCLA Anderson School of Management and serves as the senior associate dean for Anderson’s Executive MBA and Global Executive MBA programs. In addition, she is the director of International Initiatives, a part of the Center for Global Management that focuses on global immersion courses and international exchange programs.

Hayn was instrumental in developing and instituting the FEMBA Flex and EMBA Monthly sections, in which students spend half of their time in the classroom in intensive learning modules and the other half learning through online lectures and activities. She is also the faculty co-director of UCLA Anderson Executive Education’s corporate governance program, which is aimed at educating and updating directors of public and private companies’ boards.

Hayn’s research is in the areas of financial reporting and disclosures, the effect of accounting numbers on stock prices, analysts’ forecasts, the economic consequences of taxes and tax reporting, mergers and acquisitions, and the information content of accounting information such as line-of-business reporting, losses, tax disclosures and special items. She has published numerous articles in leading accounting and finance journals.

Hayn began her career as a commercial loan officer in a bank before becoming a senior financial analyst for the State of Florida legislature. Prior to joining UCLA, she was a faculty member of the Kellogg Graduate School of Management at Northwestern University, where she held the Coopers & Lybrand fellowship in mergers and acquisitions, and the Merage School of Business at the University of California, Irvine.

Hayn regularly consults with corporate boards on the financial ramifications of alternative strategies, as well as on disclosure issues in their financial filings and press releases. In addition, she serves as an expert witness in securities litigation cases, focusing on financial reporting, corporate valuation, fraud and damage assessment.

Education

Ph.D. Accounting and Finance, 1988, University of Michigan

Publications

C. Hayn, D. Givoly, and A. Natarajan. (January 2007). Measuring Reporting Conservatism. The Accounting Review

C. Hayn and P. Hughes. (Summer 2006). Leading Indicators of Goodwill Impairment. Journal of Accounting, Auditing and Finance

E. Bartov, D. Givoly, and C. Hayn. (June 2002). The Rewards to Meeting or Beating Analysts' Earnings Forecasts. Journal of Accounting and Economics

D. Givoly, and C. Hayn. (January/February 2002). Rising Conservatism: Implications for Financial Analysis. Financial Analysts Journal

C. Hayn. (September 1995). The Information Content of Losses. Journal of Accounting and Economics

Working Papers

C. Hayn, D. Givoly and S. Katz. (April 2007). "Does Public Ownership of Equity Improve Earnings Quality?"

C. Hayn, D. Givoly and S. Katz. "Testing for the Differential Intensity of Earnings Management between Public and Private Companies."

C. Hayn, D. Givoly and T. Yoder. "What Do Analysts Really Predict? Inferences from Restatements and Managed Earnings."

C. Hayn and E. Bartov. "Investors' Valuation of Recognition versus Disclosure: Accounting for Employee Stock Options."