Edward L. Owens Simon School of Business Office: 585-275-1079 University of Rochester Fax: 585-273-1140 Carol Simon Hall 3-160A Cell: 585-953-0330 Rochester, NY 14627 Edward.Owens@simon.rochester.edu EMPLOYMENT Simon Graduate School of Business, University of Rochester 2010- Assistant Professor of Accounting Kenan-Flagler Business School, University of North Carolina at Chapel Hill 2005-2010 Research Assistant General Motors Acceptance Corporation Financial Services 2002-2005 Senior Financial Analyst GMAC Insurance American Financial Group, Inc. 1994-1999 Claims Manager Atlanta Casualty Companies EDUCATION Ph.D. Accounting, University of North Carolina at Chapel Hill 2010 M.B.A. Finance/Decision and Information Analysis, Emory University 2003 B.B.A. Risk Management and Insurance, University of Georgia, Magna Cum Laude 1994 Additional Majors (2001): Finance, Management Information Systems Academic Honors and Awards: Deloitte Foundation Doctoral Fellowship (2009) Outstanding Decision Analysis Student Award, Emory MBA program (2003) Rigor Core Value Student Award, Emory MBA program (2003) Roberto C. Goizueta Graduate Scholarship, Emory MBA program (2001-2003) Beta Gamma Sigma (1993, 2003) Golden Key National Honor Society (1993) Phi Kappa Phi (1993) Edward Owens, Curriculum Vitae, February 2013 Page 1 of 5
RESEARCH Interests: Debt contracting; financial distress and bankruptcy; international accounting issues; the role of information intermediaries Refereed Publications: "Asymmetry in Earnings Timeliness and Persistence: A Simultaneous Equations Approach" (with W. Beaver and W. Landsman), Review of Accounting Studies, 2012, 17: 781-806. Working Papers: "Accounting Conservatism, Going-Concern Horizon, and Earnings Informativeness" - featured in "Harvard Law School Forum on Corporate Governance and Financial Regulation" July 27, 2011 - based on dissertation, previously titled "Bankruptcy Contagion and the Market Response to Intra- Industry Earnings News" "Analysts' Forecasts During Periods of High Uncertainty: Too Little, Too Late?" (with D. Amiram, W. Landsman, and S. Stubben) "Business Model Shocks and Abnormal Accruals" (with J. Wu and J. Zimmerman) "Do Information Releases Increase or Decrease Information Asymmetry? New Evidence from Analyst Forecast Announcements" (with D. Amiram and O. Rozenbaum) "Earnings Comovement and Accounting Comparability: The Effects of Mandatory IFRS Adoption" (with M. Lang and M. Maffett). "Default Prediction Around the World: International Evidence on the Role of Corporate Transparency and Market Frictions" (with M. Maffett and A. Srinivasan). "Measuring Financial Covenant Strictness in Private Debt Contracts" (with P. Demerjian) "Private Benefits Extraction and the Opposing Effects of Income Smoothing on Private Debt Contracts" (with D. Amiram). "Window Dressing of Short-term Borrowings" (with J. Wu). Presentations: Discussion of "Accounting Comparability, Investor Sophistication, and Contagion Effects" - 2013: FARS Mid-Year Meeting Discussion of "Accounting Comparability and Loan Contracting" - 2013: FARS Mid-Year Meeting Edward Owens, Curriculum Vitae, February 2013 Page 2 of 5
"Default Prediction Around the World: International Evidence on the Role of Corporate Transparency and Market Frictions" - 2012: University of Rochester "Window Dressing of Short-term Borrowings" - 2012: Utah Winter Accounting Conference - 2011: University of Rochester, New York University Discussion of "Insider Trading and the Incorporation of Future Earnings News Into Stock Prices" - 2012: FARS Mid-Year Meeting "Private Benefits Extraction and the Opposing Effects of Income Smoothing on Private Debt Contracts" - 2012: Colorado Summer Accounting Conference, National University of Singapore - 2011: Emory University, International Conference on Credit Analysis and Risk Management Discussion of "Bankruptcy Risk, Costs and Corporate Diversification" - 2011: International Conference on Credit Analysis and Risk Management "Earnings Comovement and Accounting Comparability: The Effects of Mandatory IFRS Adoption" - 2010: American Accounting Association Annual Meeting "Bankruptcy Contagion and the Market Response to Intra-Industry Earnings News" - 2010: Dartmouth College, Duke University, Indiana University, Northwestern University, Stanford University, University of California Los Angeles, University of Chicago, University of Pennsylvania, University of Rochester Conferences Attended: 2013 Utah Winter Accounting Conference, Salt Lake City (invited participant) 2013 AAA FARS Mid-Year Meeting, San Diego (discussant, moderator) 2012 Singapore Management University Accounting Symposium 2012 Journal of Accounting & Economics Conference, Rochester (invited participant) 2012 AAA Annual Meeting, Washington DC 2012 Colorado Summer Accounting Conference, Aspen (presenter) 2012 Utah Winter Accounting Conference, Salt Lake City (presenter) 2012 AAA FARS Mid-Year Meeting, Chicago (discussant) 2011 Journal of Accounting & Economics Conference, Wharton (invited participant) 2011 AAA Annual Meeting, Denver 2011 Colorado Summer Accounting Research Conference, Estes Park (invited participant) 2011 Int'l Conference on Credit Analysis and Risk Management, Oakland Univ. (presenter, discussant) 2011 Global Issues in Accounting Conference, UNC (invited participant) 2011 NYU Summer Accounting Camp (invited participant) 2011 AAA FARS Mid-Year Meeting, Tampa 2011 New Faculty Consortium, Leesburg 2010 Journal of Accounting & Economics Conference, Kellogg (invited participant) 2010 AAA Annual Meeting, San Francisco (presenter) 2010 Global Issues in Accounting Conference, UNC (invited participant) 2010 Journal of Business Finance and Accounting Conference, UNC (invited participant) 2010 University of North Carolina Tax Symposium (invited participant) 2009 Journal of Accounting & Economics Conference, MIT (invited participant) 2009 Duke/University of North Carolina Fall Accounting Camp (invited participant) 2009 AAA Annual Meeting, New York Edward Owens, Curriculum Vitae, February 2013 Page 3 of 5
2009 Global Issues in Accounting Conference, UNC (invited participant) 2009 CIBER Doctoral Consortium, UNC (invited participant) 2009 University of North Carolina Tax Symposium (invited participant) 2008 AAA Deloitte/J. Michael Cook Doctoral Consortium, Tahoe City (invited participant) 2008 Duke/University of North Carolina Fall Accounting Camp (invited participant) 2008 AAA Annual Meeting, Anaheim 2008 AAA FARS Doctoral Consortium and Mid-Year Meeting, Phoenix (invited participant) 2008 Financial Accounting Standards Board (FASB) Doctoral Consortium, Norwalk (invited participant) 2007 Duke/University of North Carolina Fall Accounting Camp (invited participant) 2007 Southeast Summer Accounting Research Conference, Emory (invited participant) 2007 Journal of Business Finance and Accounting Conference, UNC (invited participant) 2007 Global Issues in Accounting Conference, UNC (invited participant) 2007 University of North Carolina Tax Symposium (invited participant) 2006 Duke/University of North Carolina Fall Accounting Camp (invited participant) 2006 Duke/University of North Carolina Corporate Finance Conference (invited participant) TEACHING EXPERIENCE Professor, Financial Reporting II (M&A, Bankruptcy) (MBA/MS), University of Rochester, 2012 - - 2012: 95 students enrolled (one section); Instructor rating 3.9/5.0 Professor, Managerial Accounting (undergraduate), University of Rochester, 2011 - - 2013: 189 students enrolled (two sections) - 2012: 115 students enrolled (one section); Instructor rating 4.5/5.0-2011: 80 students enrolled (two sections); Instructor rating 4.8/5.0 Professor, Positive Accounting Research (MBA/MS), University of Rochester, 2011 - - Team taught with other accounting faculty - Teach 'Accounting and Debt Contracting' and 'Contemporary Issues in Bank Financial Reporting' modules - 2013: 42 students enrolled (one section) - 2012: 29 students enrolled (one section); Instructor rating 4.0/5.0-2011: 32 students enrolled (one section); no individual instructor ratings Teaching Assistant (R. Bushman), Complex Deals (MBA), UNC-Chapel Hill, 2009 Teaching Assistant (W. Landsman), Advanced Financial Accounting (MBA), UNC-Chapel Hill, 2008 Instructor, Introduction to Financial Accounting (undergrad), UNC-Chapel Hill, 2007-34 students enrolled (one section); Instructor rating 4.7/5.0 - Received 2008 Outstanding Ph.D. Teaching Award Teaching Assistant (J. Barton), Financial Statement Analysis (MBA), Emory University, 2003 Teaching Assistant (A. Hartgraves), Financial Accounting (MBA), Emory University, 2002 Teaching Assistant (P. Noonan), Decision and Information Analysis (MBA), Emory University, 2002 Edward Owens, Curriculum Vitae, February 2013 Page 4 of 5
SERVICE Accounting Community: Ad Hoc Reviewer, Journal of Accounting and Economics Ad Hoc Reviewer, Accounting Horizons Ad Hoc Reviewer, Management Science Ad Hoc Reviewer, AAA Annual Meetings Ad Hoc Reviewer, AAA FARS Midyear Meetings Moderator, AAA FARS Midyear Meetings University of Rochester Accounting Department: Ph.D. Program Committee (2011-2013) Ph.D. Qualifying Exam Committee (2011) University of North Carolina at Chapel Hill: President, Kenan-Flagler Business School PhD Student Association (2007-2009) Selection committee, UNC Boka Hadzija Award for Distinguished University Service (2008) Selection committee, UNC Weatherspoon PhD Teaching Award (2008, 2009) Emory University: Emory MBA Academic Student Advisory Group (2002-2003) Treasurer, Emory Habitat for Humanity (2002-2003) Edward Owens, Curriculum Vitae, February 2013 Page 5 of 5