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Lucile Faurel
  • Title: Assistant Professor, Accounting
  • Office Phone: 949.824.0020
  • Fax: 949.725.2875
  • Office Location: SB 442
  • Email: lfaurel@uci.edu
  • Key Research/Interest Areas:
    • Financial accounting and capital markets
    • Financial reporting quality
    • Voluntary disclosure
    • Corporate investment strategies
    • Mergers and acquisitions
    • Intangible assets
  • Education:
    • PhD, New York University, Stern School of Business
    • BA, The American University of Paris, France
Research

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.