Research by Two Professors to be Recognized by the American Accounting Association

June 24, 2010

Two faculty members from Georgetown University’s McDonough School of Business will be recognized for their research at the Annual Meeting of the American Accounting Association in August.

William Baber, professor of accounting, is the 2010 recipient of the American Accounting Association/Deloitte Wildman Medal Award. The recognition is given annually to the author(s) of the article, book, monograph, or other work published during the five calendar years prior to the year of the award, which is judged to have made or to be likely to make, the most significant contribution to the advancement of the practice of accounting.

His award-winning study, “Consequences of GAAP Disclosure Regulation: Evidence from Municipal Debt Issues,” compares characteristics of municipal debt issues in states that mandate GAAP for municipalities with those in states that impose no annual financial disclosure requirements. Results show that the use of public (versus private) debt is greater and that costs of public debt are 14 to 25 basis points lower for municipalities in states that mandate GAAP accounting. The evidence supports the notion that financial reporting regulation reduces debt service costs to municipalities. It was published in The Accounting Review (volume 83, issue 3, 2008) and was co-authored with Angela Gore of The George Washington University.

Kirsten Anderson, professor of the practice in accounting, is the co-author of the paper "The Impact of Academic Accounting Research on Professional Practice: An Analysis by the AAA Research Impact Task Force," which has been selected for the 2009 Best Paper Award for Accounting Horizons. The award is given to the best paper published within the calendar year for the publication and is decided by a vote of the membership. As part of the award, Anderson and her colleagues will receive a $2,500 cash prize.