Carol Marquardt

Education

Ph.D., Accounting, Cornell University

MAcc, Accounting, University of Arizona

B.A., English, University of Wisconsin

Journal Articles

Kyung, H., & Marquardt, C. (2025). Media Amplification of Aggressive Non-GAAP Earnings. Contemporary Accounting Research (Revise & Submit),

(2025). Opportunistic Non-GAAP Disclosure in Earnings Conference Calls. The Accounting Review,

(2025). Private information sharing in M&As: Evidence from merger contracts. Journal of Accounting and Economics,

(2025). Managerial responses to changes in fair value accounting for equity securities. Contemporary Accounting Research, 42(4). 2949-2982.

(2025). Individual Income Tax Rates and Financial Advisor Misconduct. Accounting Organizations and Society,

Marquardt, C., Huang, R., & Zhang, B. (2023). Revenue-Expense Matching and Performance Measure Choice. Review of Accounting Studies, 28(3). 1690-1720.

Kyung, H., Lee, H., & Marquardt, C. (2019). The effect of voluntary clawback adoption on non-GAAP reporting. Journal of Accounting and Economics, (67 (1)). 175-201.

Baloria, V., Marquardt, C., & Wiedman, C. (2017). A lobbying approach to evaluating the whistleblower provisions of the Dodd-Frank Reform Act of 2010. Contemporary Accounting Research, 34(3). 1305-1339.

Marquardt, C., & Wiedman, C. (2016). Can shareholder activism improve gender diversity on corporate boards?. Corporate Governance: An International Review, 24(4). 443-461.

Marquardt, C., & Zur, E. (2015). The role of accounting quality in the M&A market. Management Science, 61(3). 604-623.

Brown, A., Davis-Friday, P., Guler, L., & Marquardt, C. (2015). M&A decisions and U.S. firms’ voluntary adoption of clawback provisions in executive compensation contracts. Journal of Business Finance and Accounting, 42(1/2). 237-271.

Huang, R., Marquardt, C., & Zhang, B. (2014). Why do managers avoid EPS dilution? Evidence from debt-equity choice. Review of Accounting Studies, 19(2). 877-912.

Kolev, K., Marquardt, C., & McVay, S. (2008). SEC scrutiny and the evolution of non-GAAP reporting. The Accounting Review, 83(1). 157-184.

Marquardt, C., & Wiedman, C. (2007). Economic consequences of financial reporting changes: Diluted EPS and contingent convertible securities. Review of Accounting Studies, 12, No. 4. 487-523.

(2007). Disclosure, incentives, and contingently convertible securities. Accounting Horizons, 21(3). 281-294.

(2006). Fundamentals of accounting losses. The Accounting Review, 81(1). 179-206.

(2005). Earnings management and transaction structuring: Contingent convertible debt and diluted EPS. Journal of Accounting Research, 43(2). 205-243.

(2004). How are earnings managed? An examination of specific accruals. Contemporary Accounting Research, 21(2). 461-491.

(2004). Earnings informativeness and strategic disclosure: An empirical examination of ‘pro forma’ earnings. The Accounting Review, 79(3). 769-795.

(2004). The effect of earnings management on the value relevance of accounting information. Journal of Business Finance and Accounting, 297-332.

(2002). Accrual management, investor sophistication, and equity valuation: Evidence from 10-Q filings. Journal of Accounting Research, 40(4). 987-1012.

(2002). The cost of employee stock option grants: An empirical analysis. Journal of Accounting Research, 40(4). 1191-1217.

(1998). Voluntary disclosure, information asymmetry, and insider selling through secondary equity offerings. Contemporary Accounting Research, 15(4). 505-537.

College

University

Professional