David Aboody

Professor, Area Chair

Phone: (310) 825-3393

david.aboody@anderson.ucla.edu

Biography

Professor Aboody joined the UCLA Anderson faculty in 1995 after completing a Ph.D. at the Haas School of Business at UC Berkeley.  His research area is empirical financial accounting.  It seeks to address issues important to investors, market regulators, and standard-setters.  There are two closely related streams: one set of papers studies the impact of executive compensation, particularly executive stock options, on strategic decisions of managers and the value of the firm.  These decisions include the timing of disclosure, the choice of accounting methods, and corporate cash payout policies.  The other set of papers examines the effects of accounting discretion on the value of the firm and behavior of managers.  A central tradeoff in providing such discretion is between communication to capital markets and opportunism by managers.

Education

Ph.D. Accounting, 1995, UC Berkeley
M.A. Finance, 1990, Hebrew University
B.Sc. Accounting, 1987, Hebrew University

Interests

Executive Compensation, Accounting Discretion
  • David Aboody and Ron Kasznik. (Forthcoming). Executive Stock-Based Compensation and Firms' Cash Payout: The Role of Shareholders' Tax-Related Payout Preferences. Review of Accounting Studies, [ Link ]
  • David Aboody, John Hughes, Jing Liu, and Wei Su. (Forthcoming). Are Executive Stock Option Exercises Driven by Private Information?. Review of Accounting Studies, [ Link ]
  • David Aboody, Mary Barth, and Ron Kasznik. (Forthcoming). Do Firms Understate Stock-Based Compensation Expense Disclosed under SFAS 123?. Review of Accounting Studies, [ Link ]
  • David Aboody, John Hughes, and Jing Liu. (December, 2005). Earnings Quality, Insider Trading, and Cost of Capital. Journal of Acccounting Research, [ Link ]

Working Papers

David Aboody, Jack Hughes and Michael Williams, “Evidence of Implicit Taxes on Equity Using Data from Futures Markets to Control for Risk.” September, 2001. [Link]

David Aboody's Web site