Monica I. Neamtiu
Professor
Zicklin School of Business
Department: Stan Ross Dept Accountancy
Areas of expertise:
Email Address: monica.neamtiu@baruch.cuny.edu
> View CV- Biography
- Teaching
- Research and Creative Activity
- Grants
- Honors and Awards
- Service
Education
Ph.D., Business Administration, Pennsylvania State University
M.S., Decision and Control in Accounting, Academy of Economic Studies, Bucharest
| Semester | Course Prefix | Course Number | Course Name |
|---|---|---|---|
| Fall 2023 | ACCT | 70400 | Contemp Issues Managerial Acct |
| Fall 2023 | ACC | 4100 | Financial Accounting III |
| Fall 2023 | ACC | 4100 | Financial Accounting III |
| Fall 2022 | ACC | 4100 | Financial Accounting III |
| Fall 2022 | ACC | 4100 | Financial Accounting III |
| Spring 2022 | BUS | 90000 | Dissertation Supervision |
| Fall 2021 | BUS | 90000 | Dissertation Supervision |
| Fall 2021 | ACC | 4100 | Financial Accounting III |
| Fall 2021 | ACC | 4100 | Financial Accounting III |
| Spring 2021 | ACC | 4100 | Financial Accounting III |
| Spring 2021 | BUS | 90000 | Dissertation Supervision |
| Fall 2020 | BUS | 90000 | Dissertation Supervision |
| Spring 2020 | BUS | 90000 | Dissertation Supervision |
| Fall 2019 | BUS | 90000 | Dissertation Supervision |
| Fall 2019 | BUS | 89500 | Independent Study |
| Fall 2019 | ACC | 4100 | Financial Accounting III |
| Fall 2019 | ACC | 4100 | Financial Accounting III |
| Fall 2019 | ACCT | 70400 | Contemp Issues Managerial Acct |
| Spring 2019 | BUS | 90000 | Dissertation Supervision |
| Fall 2018 | ACC | 4100 | Financial Accounting III |
| Fall 2018 | ACC | 4100 | Financial Accounting III |
| Fall 2018 | BUS | 90000 | Dissertation Supervision |
| Fall 2017 | ACCT | 70400 | Contemp Issues Managerial Acct |
| Fall 2017 | ACC | 4100 | Financial Accounting III |
| Fall 2017 | ACC | 4100 | Financial Accounting III |
| Spring 2017 | ACC | 4100 | Financial Accounting III |
| Spring 2017 | ACC | 4100 | Financial Accounting III |
| Fall 2016 | ACC | 4100 | Financial Accounting III |
| Fall 2016 | ACC | 4100 | Financial Accounting III |
Journal Articles
Li, E. X., Neamtiu, M., & Tu, Z. T. (2024). Do Firms Withhold Loan Contract Details?. The Accounting Review,
(2023). SEC confidential treatment and regulatory filing reviews. Journal of Accounting and Public Policy, 3(42). 107069.
Bonsall, S., Koharki, K., & Neamtiu, M. (2022). The disciplining effect of credit default swap trading on the quality of credit ratings. Contemporary Accounting Research , 39(2). Pages 1297-1333.
Goodman, T., Neamtiu, M., & Zhang, F. (2018). Fundamental Analysis and Option Returns. Journal of Accounting, Auditing, and Finance, 31(1). 72-97.
Bonsall, S., Koharki, K., & Neamtiu, M. (2017). When do differences in credit rating methodologies matter? Evidence from high information uncertainty borrowers. The Accounting Review, 92(4). 53-79.
Bens, D., Cheng, M., & Neamtiu, M. (2016). The Impact of SEC Disclosure Monitoring on the Uncertainty of Fair Value Estimates. The Accounting Review, 91(2). 349-375.
Bonsall, S., Koharki, K., & Neamtiu, M. (2015). The Effectiveness of Credit Rating Monitoring: Evidence from Asset Securitizations. The Accounting Review, 90(5). 1779-1810.
Neamtiu, M., Shroff, N., White, H., & Williams, C. (2014). The Impact of Ambiguity on Managerial Investment and Cash Holdings. Journal of Business, Finance and Accounting, 41(Sept/Oct). 1071–1099.
Goodman, T., Neamtiu, M., Shroff, N., & White, H. (2014). Management Forecast Quality and Capital Investment Decisions. The Accounting Review, 89(1). 331-365.
Bens, D., Goodman, T., & Neamtiu, M. (2012). Does Investment-Related Pressure Lead to Misreporting? An Analysis of Reporting Following M&A Transactions. The Accounting Review, 87(3). 839-865.
Cheng, M., Dhaliwal, D., & Neamtiu, M. (2011). Asset Securitization, Securitization Recourse and Information Uncertainty. The Accounting Review, 86(2). 541-568.
Dhaliwal, D., Lee, G., & Neamtiu, M. (2011). The Impact of Operating Leases on Firm Financial and Operating Risk. Journal of Accounting Auditing and Finance, 26(2). 151-197.
Cheng, M., & Neamtiu, M. (2009). An Empirical Analysis of Changes in Credit Rating Properties: Timeliness, Accuracy and Volatility. Journal of Accounting and Economics, 47(1-2). 108–130.
Presentations
Bonsall IV, S. B., Koharki, K., Lock, B. M., & Neamtiu, M. I. (2025, March 3). Optimistic Gatekeepers: Credit Rating Optimism in M&A Deals. University of Maryland Accounting Research Seminar. College Park, Maryland: Robert H. Smith School of Business, University of Maryland.
Bonsall IV, S. B., Koharki, K., Lock, B., & Neamtiu, M. I. (2024, January 19). Optimistic Gatekeepers: Credit Rating Optimism in M&A Deals. Financial Accounting and Reporting Section Midyear Meeting 2024. Denver, Colorado: American Accounting Association.
Bonsall IV, S. B., Koharki, K., Lock, B. M., & Neamtiu, M. I. (2025, December 3). Optimistic Gatekeepers: Credit Rating Optimism in M&A Deals. University of Maryland Accounting Research Seminar. College Park, Maryland: Robert H. Smith School of Business, University of Maryland. In Progress.
Bonsall, S., Koharki, K., Lock, B. M., & Neamtiu, M. I. Optimistic Gatekeepers: Credit Rating Optimism around M&A Deals. Research seminar. Syracuse University
Bonsall IV, S. B., Koharki, K., Lock, B., & Neamtiu, M. I. (2022, August 12). Optimistic Gatekeepers: Credit Rating Optimism in M&A Deals. AAA Annual Meeting 2022. Virtual: American Accounting Association.
Bonsall, S., Koharki, K., Lock, B. M., & Neamtiu, M. I. Optimistic Gatekeepers: Credit Rating Optimism around M&A Deals. Syracuse University Accounting Research Workshop. Syracuse University
Bonsall IV, S. B., Koharki, K., Lock, B. M., & Neamtiu, M. I. (2025, October 3). Optimistic Gatekeepers: Credit Rating Optimism in M&A Deals. UC Berkeley Haas Accounting Seminar. Berkeley, CA: Haas School of Business, UC Berkeley. In Progress.
Lock, B., Bonsall, S., Koharki, K., & Neamtiu, M. (2021, March 12). Rating Agencies’ Forecasts and Credit Rating Quality. Accountancy Brown Bag Research Series. Virtual: Baruch College.
Lock, B., Bonsall, S., Neamtiu, M., & Koharki, K. (2021, April 2). Rating Agencies' Forecasts and Credit Rating Quality. Penn State University Accounting Research Colloquium. Virtual: Penn State University.
Research Currently in Progess
Lock, B., Neamtiu, M., Koharki, K., & Bonsall, S.(n.d.). Assessing Credit Rating Quality Using Rating Agencies’ Forecasts. In Progress.
This study examines the informative value of forecasts made by Moody’s Investors Service. Using a sample of credit opinion reports that provide regular forward-looking analysis of the creditworthiness of issuers rated by Moody’s, we extract forecasts of revenue, leverage, and profitability and calculate the accuracy and bias of these forecasts. We find that both inaccuracy and optimistic bias decrease with a longer Moody’s relationship and a higher quality information environment. We also find that forecast bias is larger for issuers with recent poor performance and upcoming debt issuances. More importantly, we provide evidence that less accurate, more optimistically biased, and less certain forecasts are associated with lower quality credit ratings and that optimism in forecasts is associated with future rating downgrades and widening bond yield spreads. Overall, our study provides important implications for the evaluation of credit rating quality by showing that rating agencies’ forecasts—because of their regularity, short-horizon realizations, and usage as key inputs in the rating process—provide a valuable signal of the underlying quality of credit ratings.
Lock, B., Neamtiu, M., & Basu, R.(n.d.). Credit Ratings Quality over the Business Cycle: Evidence from the COVID-19 Recession. In Progress.
We examine whether and how credit ratings quality varies over the COVID-19 Recession for issuer and investor-paid rating agencies.
| Honor / Award | Organization Sponsor | Date Received | Description |
|---|---|---|---|
| Teaching Excellence in the Zicklin School of Business | 2023-05-05 |
Department
| Committee Name | Position Role | Start Date | End Date |
|---|---|---|---|
| Executive Committee | Committee Member | 2/1/2017 | Present |
| Faculty Search Committee | Committee Member | 8/1/2015 | Present |
| Dissertation Committee | Committee Chair | 8/1/2018 | 8/31/2019 |
College
| Committee Name | Position Role | Start Date | End Date |
|---|---|---|---|
| Zicklin Executive Committee | Committee Member | Present | |
| Zicklin Undergraduate Honors Program Committee | Committee Member | Present | |
| Doctoral Program Executive Committee | Committee Member | Present | |
| Accounting Department Executive Committee | Committee Member | Present | |
| Faculty Recruiting Committee | Committee Member | Present | |
| PhD Admissions Committee | Committee Member | Present | |
| Faculty Recruiting Committee | Committee Member | Present | |
| Faculty RecruitingCommittee | Committee Chair | Present | |
| Dissertation Committee | Committee Chair | 8/31/2019 | |
| Undergraduate Curriculum Committee | Committee Member | 5/31/2018 |
Professional
| Organization | Position Role | Organization State | Organization Country | Start Date | End Date | Audience |
|---|---|---|---|---|---|---|
| Accounting Horizons | Editorial Review Board Member | 1/1/2019 | Present | National | ||
| Reviewer, Conference Paper | 8/1/2006 | Present | ||||
| Reviewer, Ad Hoc Reviewer | 8/1/2006 | Present |