Brett Trueman

Professor

Phone: (310) 825-4720

brett.trueman@anderson.ucla.edu

Biography

Brett Trueman rejoined the UCLA Anderson faculty in 2003 after a 15-year stint at the Haas School of Business at UC Berkeley.  He first taught at UCLA Anderson in the accounting area from 1981 to 1988, the last two years of which he served as area chair for accounting.

Prof. Trueman subsequently joined the Haas School, where he was chair of the accounting group for seven years.  He also established the Center for Financial Reporting and Management, and was its first faculty director.  While at the Haas School he won an award for excellence in teaching in the MBA program.

Prof. Trueman has published widely in accounting and finance.  He has served as an associate editor for The Accounting Review, and is currently on the editorial boards of the Journal of Investment Management and Journal of Accounting and Public Policy.

During the last several years, Prof. Trueman has served as an expert witness on issues related to the quality of security analysts’ research reports and the valuation of high-tech companies.

Teaching Focus
Issues in corporate financial reporting

Education

Ph.D. Finance, 1981, Columbia University
MBA Finance, 1977, Columbia University
M.S. Industrial Engineering, 1976, Columbia University
B.S. Industrial Engineering, 1975, Columbia University

Interests

Performance of Security Analysts, Valuation of High Tech Companies, Individual Investors, Managerial Information Disclosure Decisions, Shareholder Litigation
  • Barber, B., E. DeGeorge, R. Lehavy, and B. Trueman,. (Forthcoming). The Earnings Announcement Premium Around the Globe. Journal of Financial Economics,
  • Aboody, D., R. Lehavy, and B. Trueman. (2010). Limited Attention and the Earnings Announcement Returns of Past Stock Market Winners. Review of Accounting Studies, 15, 317-344.
  • Barber, B., R. Lehavy, and B. Trueman. (2010). Ratings Changes, Ratings Levels, and the Predictive Value of Analysts' Recommendations. Financial Management, 39, pp. 533-553.
  • Barber, B., R. Lehavy, and B. Trueman. (2007). Comparing the Stock Recommendation Performance of Investment Banks and Independent Research Firms. Journal of Financial Economics, 85, pp. 490-517. [ Link ]
  • Barber, B., R. Lehavy, M. McNichols, and B. Trueman. (2006). Buys, Holds, and Sells: The Distribution of Investment Banks' Stock Ratings and the Implications for the Profitability of Analysts' Recommendations. Journal of Accounting and Economics, 41, 1-2, pp. 87-117. [ Link ]
  • Barber, B., R. Lehavy, M. McNichols, and B. Trueman. (2003). Reassessing the Returns to Analysts' Stock Recommendations. Financial Analysts Journal, 59, 2, pp. 88-96. [ Link ]
  • Trueman, B., M.H.F. Wong, and X. Zhang. (2003). Anomalous Stock Returns Around Internet Firms' Earnings Announcements. Journal of Accounting and Economics, 34, 1-3, pp. 249-271. [ Link ]

Working Papers

Aboody, D., R. Lehavy, R., and B. Trueman. (April 2008). "Limited Attention and the Earnings Announcement Returns of Past Stock Market Winners." [ Link ]

Barber, B., R. Lehavy, and B. Trueman, 2007. (December 2007). "Ratings Changes, Ratings Levels, and the Predictive Value of Analysts' Recommendations." [ Link ]

Selected Publications

Brett Trueman’s Google Scholar Page

Video: Brett Trueman

  • Brett Trueman
    TIME: 9 min. 57 sec.
    Brett Trueman says picks by securities analysts have been relatively profitable
    Brett Trueman, Professor of Accounting, Area Chair