Mark Kim

Assistant Professor of Accounting
“The desire to research what I need to read fuels the fire in my belly. I wrote my dissertation because I wanted to read it.”
Areas of Expertise:
  • Accounting Standards
  • Audit Markets
  • Disclosure Regulation
  • Earnings Management
  • Financial Markets
  • Law and Economics
  • Network Externalities
 

About

 
 

Biography

Mark Paul Kim joined the UCLA Anderson faculty in 2019 as an assistant professor of accounting. His research explores the law and economics of accounting standards and disclosure regulation.

Kim’s dissertation investigates the enforcement and reputational costs faced by preparers and auditors across rules-based versus principles-based GAAP regimes. While practitioners claim that rules-based accounting standards create a safe harbor for enforcement risk, regulators and standard setters often suggest that principles-based reporting norms better protect preparers and auditors because of its emphasis on substance over form. Kim contributes to this debate by exploring a data set of accounting inspections from South Korea in conjunction with their mandated adoption of IFRS reporting in recent periods. This data set, which archives investigative details and enforcement actions related to accounting allegations, enables Kim to infer whether a switch to more principles-based IFRS reporting amplifies enforcement risk. The results from his study are relevant in light of the FASB’s and IASB’s joint proposal, which advocates a more principles-based approach to standard setting.

Kim volunteered to serve in the Republic of Korea Air Force during his college years, though he was exempt from mandatory service because of his U.S. citizenship. His rather unexpected choice put him in the spotlight of the South Korean press for a while, and he was recognized as an exemplary Korean American, setting a precedent for the post-Korean War generation. Kim was on active duty from 2002 to 2004 as a trainer and was honorably discharged at the end of his 30 months of service.

Kim’s return to the West Coast after many years spent pursuing his education and career overseas and in other states has rekindled an early interest. “The historical development of California’s restaurant hygiene rating system and its associated disclosure requirements formed my very first research interest in disclosure regulation matters,” he says.

Kim is happiest spending time with his wife and two daughters. In addition, he enjoys music and the outdoors.

 

Education

Ph.D. Business Administration, 2019, Florida State University
M.S. Management, 2015, Northwestern University
M.S. Statistics, 2009, University of Chicago
B.S. Economics, summa cum laude, 2007, Sogang University

 

Working Papers

Mark Kim. “Principles-Based Accounting Standards and Regulatory Enforcement” (Dissertation)

Mark Kim, Spencer Pierce, and Ira Yeung. “Eleventh-Hour Earnings Management and Financial Reporting Timeliness”

Frank Heflin, Robbie Moon, Mark Kim, and Spencer Pierce. “Post-Litigation Reporting Conservatism”

 

Work in Progress

Mark Kim, Taejin Kim, and Kyungha Kari Lee. “Mandatory Disclosure and Knightian Uncertainty”