Robert Libby
Professor Libby's primary teaching interests are in financial accounting, financial-statement analysis, and behavioral decision theory. His research centers on the interplay among managers' financial reporting decisions, auditors' assurance strategies, and financial analysts' forecasts. Most of his work is conducted within frameworks developed in the psychology of human judgment and decision making. His book Accounting and Human Information Processing: Theory and Applications received the AAA/AICPA Notable Contribution to the Literature Award in 1985. His article "Determinants of Judgement Performance in Accounting" (with Joan Luft, PhD 1992), won the same award in 1996. He was co-editor of the Accounting Review from 1987 through 1989 and currently serves on several editorial boards. He is also the author (with Pat Libby and Dan Short) of the best selling text Financial Accounting. He received the American Accounting Association Outstanding Educator Award and the AAA/ABO Lifetime Scholarly Achievement Award in Behavioral Accounting, both in 2000.
Selected Publications
Libby, R., P. A. Libby and D. G. Short (2007). Financial Accounting. Boston, McGraw-Hill / Irwin.
Libby, R., Nelson, M.W. and Hunton, J. "Recognition v. Disclosure, Auditor Tolerance for Misstatement, and the Reliability of Stock-Compensation and Lease Information." Journal of Accounting Research (forthcoming).
Hunton, J., Libby, R., and Mazza, C. "Financial Reporting Transparency and Earnings Management." The Accounting Review (January 2006) pp. 135-158.
Libby, R., Tan, H.-T. and Hunton, J. "Does the Form of Managements? Earnings Guidance Affect Analysts? Earnings Forecasts?" The Accounting Review (January 2006) pp. 207-226.
Bhojraj, S. and Libby, R. "Capital Market Pressure, Disclosure Frequency-Induced Earnings/Cash flow Conflicts, and Managerial Myopia." The Accounting Review (January 2005) pp. 1-20.
Bloomfield, R. J., R. Libby and M. W. Nelson (2003). "Do Investors Overrely on Old Elements of the Earnings Time-Series?" Contemporary Accounting Research pp. 1-31.
Kinney, W. and R. Libby. "Discussion of the Relation between Auditors? Fees for Nonaudit Services and Earnings Management." The Accounting Review Supplement pp. 107-114.
Libby. R., R. Bloomfield and M. W. Nelson (2002). "Experimental Research in Financial Accounting." Accounting Organizations and Society pp. 775-810.
Tan, H.-T., R. Libby and J. Hunton (2002). "Analysts' Reactions to Earnings Preannouncement Strategies." Journal of Accounting Research 40(1):223-246.
Nelson, M. W., R. Bloomfield, J. W. Hales and R. Libby (2001). "The Effect of Information Strength and Weight on Behavior in Financial Markets." Organizational Behavior & Human Decision Processes 86(2): 168-196.
Libby, R. and W. Kinney (2000). "Does Mandated Audit Communication Reduce Opportunistic Corrections to Manage Earnings to Forecasts?" Accounting Review 75(4):383-404.
rl54@cornell.edu
383 Sage Hall
Johnson Graduate School of Management
Cornell University
Ithaca, NY 14853-6201
607-255-3348
