Phong Truong

Color portrait of Phong Truong

Assistant Professor, Assistant Professor of Accounting

Department Accounting

Phone Number 814-865-3209
Email Address phongtruong@psu.edu; pjt5248@psu.edu

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Expertise

Financial reporting and its real effects
Regulations and standard setting in capital markets
Information Intermediaries
Behavioral finance

https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=3150212

Education

Ph D, Industrial Administration - Accounting, Carnegie Mellon University, 2019

MS, Industrial Administration - Accounting, Carnegie Mellon University, 2016

BS, Mathematics (Computer Science), University of Massachusetts Boston, 2014

Courses Taught

ACCTG 471 – Int Fin Acctg I (3)
Theory and practice issues in income concepts and value measurement; GAAP; revenues, costs, assets, liabilities, and equities.ACCTG 471 Intermediate Accounting I (3) This course provides students with an understanding of generally accepted accounting principles and procedures so that they properly account for and present information in financial statements prepared for external users. The student should acquire a complete understanding of the accounting issues relating to cash, receivables, inventory, plant assets, natural resources, and intangibles. The student should be able to evaluate alternative accounting methods and choose the methods which will best convey the financial information related to the above areas. The student should be able to apply appropriate generally accepted accounting principles and procedures to account for transactions related to the above asset areas. The student should be able to demonstrate an understanding of the transaction analysis, recording, classification, summarization, and reporting procedures in the accounting cycle, and an understanding of the information contained in the financial statements. Finally, student should be able to demonstrate written communication skills required of accountants.

Selected Publications

Bird A., Karolyi S. A., Ruchti T. G., Truong P., "More is Less: Publicizing Information and Market Feedback." Review of Finance, vol. 25, no. 3, 2021, pp. 745-775, doi.org/10.1093/rof/rfaa028
Hirshleifer D., Lourie B., Ruchti T. G., Truong P., "First Impression Bias: Evidence from Analyst Forecasts." Review of Finance, vol. 25, no. 2, 2021, pp. 325-364, doi.org/10.1093/rof/rfaa015

Research Impact and Media Mentions

"First Impression Bias: Evidence from Analyst Forecasts", Harvard Law School Forum on Corporate Governance, Internet, corpgov.law.harvard.edu/2020/06/04/first-impression-bias-evidence-from-analyst-forecasts/
"First Impression Bias: Evidence from Analyst Forecasts", Bloomberg, Internet, www.bloomberg.com/opinion/articles/2019-03-26/you-have-to-threaten-people-right