Dan Givoly

Color portrait of Dan Givoly

Professor

Department Accounting
Office Address 305 Business Building
Phone Number 814-865-0587
Email Address dug3@psu.edu

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Professor Givoly is the Ernst & Young Professor of Accounting in Smeal College of Business and has served as the Chair of the Department (2002-2008). Prior to joining Penn State, Professor Givoly taught at the Graduate School of Management at the University of California at Irvine. Professor Givoly's previous academic positions include Columbia University, Northwestern University, and Tel-Aviv University, where he served as the Chairman of the accounting department. He served as the Chairman of the Financial Accounting Standards Accounting Board in Israel (1996-1999), the accounting standard-setting body of that country. Professor Givoly's research areas include the effects of financial disclosure on stock prices and the quality and information content of accounting numbers. His research has appeared in leading academic and professional journals. Professor Givoly is a Certified Public Accountant (Israel) and has been a consultant to corporations on issues of accounting standards, financial reporting and economic valuation. Professor Givoly is a member of the American Accounting Association, American Finance Association, and the Institute of Public Accounants - Israel. He serves on the Editorial Boards of the Journal of Financial Reporting, The Journal of Accounting, Auditing & Finance, and Abacus, and has served on the Editorial Boards of The Accounting Review and the International Journal of Accounting. Professor Givoly has published his research in, and is serving as a reviewer for, leading journals in his field such as The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, The Journal of Finance, and Review of Accounting Studies.

Expertise

Professor Givoly is currently conducting research projects relating to earnings management, executive compensation, quality of earnings and financial analysts' sophistication.

Education

Ph D, Accounting & Finance, New York University, 1975

Courses Taught

ACCTG 597 – Special Topics (2)
Formal courses given on a topical or special interest subject which may be offered infrequently; several different topics may be taught in one year or term.

BA 811 – Financial Accounting (2)
Business enterprises convey information to their present and potential investors and creditors through financial reports. This course focuses on these financial reports, the data they contain, how users should read and interpret financial statements, and how users can incorporate this information into their investment decision making. It also examines how managers attempt to window dress these financial statements and how the numbers might affect managerial behavior.

ACCTG 590 – Colloquium (1)

ACCTG 596 – Individual Studies (Variable)
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.

BA 511 – Financial Acct (2)
Business enterprises convey information to their present and potential investors and creditors through financial reports. This course focuses on these financial reports, the data they contain, how users should read and interpret financial statements, and how users can incorporate this information into their investment decision making. It also examines how managers attempt to window dress these financial statements and how the numbers might affect managerial behavior.

ACCTG 597F – Advanced Empirial Seminar (4)
Seminar in Advanced Empirical.

B A 511 – Financial Accounting (2)
Basic concepts and principles (i.e. the jargon) underlying financial accounting practices.

ACCTG 597K – Advanced Empirical Seminar (4)
Seminar in Advanced Empirical.

CCLAW 997A – Financial Accounting (2)
You'll learn why financial accounting is a system for measuring and communicating the outcomes of business activities to parties outside the firm. The purposes of this course are to: 1) provide you with a basic understanding of the concepts and principles

CCLAW 997C – Financial Accounting (2)
You'll learn why financial accounting is a system for measuring and communicating the outcomes of business activities to parties outside the firm. The purposes of this course are to: 1) provide you with a basic understanding of the concepts and principles

ACCTG 471 – Intermediate Financial Accounting I (3)
Theory and practice issues in income concepts and value measurement; GAAP; revenues, costs, assets, liabilities, and equities.

ACCTG 211H – Financial and Managerial Accounting for Decision Making (4)
Introduction to the role of accounting numbers in the process of managing a business and in investor decision making.

Selected Publications

Givoly D., Li Y., Lourie B., Nekrasov A., "Key Performance Indicators as Supplements to Earnings: Incremental Informativeness, Demand Factors, Measurement Issues, and Properties of Their Forecasts." Review of Accounting Studies, vol. 24, no. 4, 2019, pp. 1147-1183
Givoly D., Katz S., Bradertscher B., Lee H., "Private Ownership and the Cost of Debt: Evidence from the Bond Market." Management Science, vol. 65, no. 1, 2019, pp. 310-326
Givoly D., Katz S., Hayn C., "The Changing Relevance of Accounting Information Over Time." Review of Accounting Studies, vol. 22, no. 1, 2017, pp. 64-108
Givoly D., Hayn C., Katz S., "Does Public Ownership of Equity Improve Earnings Quality?." The Accounting Review, vol. 85, no. 1, 2010, pp. 195-225
Givoly D., Hayn C., Lehavy R., "The Quality of Analysts' Cash Flow Forecasts." The Accounting Review, vol. 84, no. 6, 2009, pp. 1877-1911
Givoly D., Shi C., "Accounting Information and IPO Under-Pricing: Accounting for Software Development Costs." Journal of Accounting, Auditing, and Finance, vol. 23, no. 2, 2008, pp. 271-303
Givoly D., "Financial Analysts and Their Contribution to Well-Functioning Capital Markets (by Mark Bradshaw, Yonca Ertimur, and Patricia O'Brian)." The Accounting Review, vol. 93, no. 5, pp. 359-362
Givoly D., Hayn C., Natarajan A., "Measuring Reporting Conservatism." The Accounting Review, vol. 82, no. 1, pp. 65-106

Research Impact and Media Mention

"Google Scholar", Google Scholar, Internet

Editorships

Ad-hoc Reviewer, Subject Matter Editor, January 2015 - Present
Ad-hoc Reviewers for The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Contemporary Accounting Research, Review of Accounting Studies (about 12 manuscripts a year)
External Review Letters in Promotion Cases, Subject Matter Editor, January 2015 - Present
University of Rochester, University of Arizona, University of Houston, Baruch College, University of Iowa, National University of Singapore, Tel-Aviv University, Georgetown University, University of Texas at Dallas, INSEAD, Washington University, Santa Clara University, NYU, Temple, SUNY Buffalo, University of Michigan, University of Illinois, William and Mary, University of Utah, University of Bocconi, Darden School, and London Business School. (about 6 a year)
Journal of Financial Reporting: The research journal of the Financial Accounting Reporting Section (FARS) of the American Accounting Association, Editorial Board, January 2015 - Present
Journal of Accounting Auditing and Finance, Editorial Board, January 2014 - Present
International Journal of Accounting, Editorial Board, January 2009 - January 2012
Abacus, Editorial Board, January 2006 - Present
The Accounting Review, Editorial Board, January 2005 - January 2008
The Accounting Review, Editorial Board, January 1993 - January 1996