- Title: Assistant Professor, Accounting
- Office Phone: 949.824.0020
- Fax: 949.725.2875
- Office Location: SB 442
- Email: email@example.com
- Key Research/Interest Areas:
- Financial accounting and capital markets
- Financial reporting quality
- Voluntary disclosure
- Corporate investment strategies
- Mergers and acquisitions
- Intangible assets
- PhD, New York University, Stern School of Business
- BA, The American University of Paris, France
Professor Lucile Faurel’s research interests include the (mis)pricing of accounting and financial information, voluntary disclosure choices, financial reporting quality, and the determinants and consequences of corporate investment strategies. Her work focuses on the capital market (mis)pricing of quarterly earnings releases, specifically extreme losses and profits. She investigates the effect of executive turnover on the provision of earnings guidance to shed light on how individual managers contribute to firm-level voluntary disclosures. Her work examines the regulatory changes mandated by the Sarbanes-Oxley Act of 2002 (SOX), requiring corporate insiders to report option exercises within two business days, whether investors respond more strongly to the accelerated and easily accessible disclosures of executives’ early exercises, and whether executives derive less profits from early exercises in the post-SOX period. She investigates the role of SFAS 141(R), a new accounting rule on business combinations and contingent considerations (earnouts), on the use of earnout provisions in acquisitions and on the market valuation of the new earnout information recognized in financial statements following the adoption of SFAS 141(R). Her work also focuses on the determinants of various corporate investment strategies, including organic and acquired growth, as well as the profitability and capital market consequences of these strategies. Professor Faurel teaches MBA-level courses in financial statement analysis as well as MBA- and undergraduate-level courses in financial accounting and reporting.
- Post Loss/Profit Announcement Drift, with Karthik Balakrishnan and Eli Bartov, Journal of Accounting and Economics 50(1), May 2010, 20-41.
- Manager-Specific Effects on Earnings Guidance: An Analysis of Top-Executive Turnovers, with Francois Brochet and Sarah McVay, Journal of Accounting Research 49(5), Dec 2011, 1123-1162.
- Economic Determinants and Information Environment Effects of Earnouts: New Insights from SFAS 141(R), with Brian Cadman and Richard Carrizosa, Journal of Accounting Research 52(1), Mar 2014, 37-74.
Awards and Fellowships
UCI Academic Senate Council on Research, Computing & Library Resources (CORCL) Award, 2008-2012, 2014
UCI Paul Merage School of Business, Excellence in Undergraduate Education Teaching Award, 2012-13
Best Paper Prize, California Corporate Finance Conference for “Economic Determinants and Information Environment Effects of Contingent Considerations: New Insights from SFAS 141(R),” 2012
- UCI Paul Merage School of Business, Don Beall Center for Innovation & Entrepreneurship Research Grant Award, 2012
- Best Paper Prize, Center for Corporate Reporting and Governance Annual Conference for "Investors' Use of Executive Stock Option Exercises as Signals for Future Firm Performance in the Pre- and Post-SOX Eras," 2010
- NYU Stern School of Business, Marcus Nadler Fellowship, 2007-2008
- Deloitte & Touche Foundation Doctoral Fellowship, 2005-2008
- NYU Stern School of Business, Doctoral Fellowship, 2003-2007
- NYU Stern School of Business, Award for Ph.D. Teaching Excellence, 2006