Johnson School Professor Receives Outstanding Service Award from the American Accounting Association
Robert Libby, David A. Thomas Professor of Management at the Johnson School at Cornell University, received the American Accounting Association's Outstanding Service Award at its 2006 annual meeting held August 6-9 in Washington D.C. This award is given by decision of the executive committee and has been awarded only five times in the Association's 90 year history. Libby received the award "in recognition of visionary stewardship of the publications collection of the AAA."
Libby is the only person to receive all three of the Association's highest awards for research, teaching, and service. He received the AAA Outstanding Educator Award in 2000. His book Accounting and Human Information Processing: Theory and Applications received the AAA/AICPA Notable Contribution to the Literature Award in 1985, and his article "Determinants of Judgment Performance in Accounting" (with Joan Luft, PhD '92), won the same award in 1996. He has been a member of the Cornell faculty since 1989. Before joining the Johnson School, he was KPMG Professor at the University of Michigan.
Libby's primary teaching interests are in financial accounting, financial statement analysis, and behavioral decision theory. His research focuses 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. 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 (? 2007, McGraw Hill).
Professor Yaniv Grinstein Appointed to Term at the SEC
Yaniv Grinstein, Assistant Professor of Finance at the Johnson School, will be working at the Securities and Exchange Commission as a Visiting Academic Scholar until June 2007. He will continue his research efforts in corporate governance and corporate finance, as well as other areas for the SEC.
His current projects at the Johnson School involve an analysis of the effect of the new governance rules in the U.S. on corporate value, an examination of executive compensation in U.S. corporations, and a look at the role of corporate boards in monitoring firms. Professor Grinstein has published in several journals, including the Journal of Finance, and the Journal of Financial Economics. His research has been widely cited in major newspapers such as The Economist, Financial Times, Newsweek, New York Times, Los Angeles Times, Forbes magazine, Time magazine, Washington Post, as well as in Congressional hearings on the new governance rules. Professor Grinstein is the recipient of the Best Paper in Corporate Finance Award from the Southwestern Finance Association in 2005, and of the Clifford H. Whitcomb faculty fellowship in 2004-2005.
