Stephannie Larocque


Notre Dame Associate Professor of Accountancy

Stephannie  Larocque

Contact Information

Biography

Stephannie Larocque is the Notre Dame Associate Professor of Accountancy and the EY Faculty Fellow at the Mendoza College of Business. Professor Larocque is a graduate of the University of Western Ontario (B.A. Hon.) and the University of Toronto (Ph.D.) as well as a CFA charterholder. A former equity research analyst, Professor Larocque's research now encompasses empirical capital markets including earnings forecasts, cost of equity capital estimation, and firm valuation. Her research has been published in The Accounting Review, Journal of Financial Economics, Review of Accounting Studies, Journal of Financial Reporting, Journal of Accounting, Auditing & Finance, and Journal of Accounting and Public Policy. Professor Larocque teaches Introductory Financial Accounting (ACCT 20100), and previously taught Data Analytics in Accounting (ACCT 30280).

Areas of Expertise

Financial Accounting

Education

Ph D, University of Toronto

BA, University of Western Ontario

Teaching

Accountancy I

Publications

"Implied cost of equity capital estimates as predictors of accounting returns and stock returns", (with Matt Lyle), to appear in Journal of Financial Reporting.

"Investment Banking Relationships and Analyst Affiliation Bias: The Impact of Global Settlement on Sanctioned and Non-Sanctioned Banks", (with Shane Corwin, Mike Stegemoller), Journal of Financial Economics, 124, 2017.

"Forecasting Taxes: New Evidence from Analysts", (with Brian Bratten, Cristi Gleason, Lil Mills), The Accounting Review, 92, 2017.

"Managers’ Cost of Equity Capital Estimates: Empirical Evidence", (with Alastair Lawrence, Kevin Veenstra), to appear in Journal of Accounting, Auditing & Finance.

"Analysts' Choice of Peer Companies", (with Gus De Franco, Ole-Kristian Hope), Review of Accounting Studies, 20, 2015.

"The Effect of Disclosure on the Pay-Performance Relation", (with Ole-Kristian Hope, Gus De Franco), Journal of Accounting and Public Policy, 32, 2013.

"I/B/E/S Reported Actual EPS and Analysts’ Inferred Actual EPS", (with Larry Brown), The Accounting Review, 88, 2013.

"Analysts' Earnings Forecast Errors and Cost of Equity Capital Estimates", Review of Accounting Studies, 18, 2013.

Presentations

2017 Telfer Annual Conference on Accounting and Finance, "Private Equity Valuation before and after ASC 820" (May 5, 2017).

FARS Conference, "Discussion of "Market Pricing of Organic and Acquired Growth"" (January 28, 2017).

Journal of Financial Reporting Mini-Conference, "Implied cost of equity capital estimates as predictors of accounting returns and stock returns" (January 27, 2017).

University of Toronto, "Firm Value Estimates and their Fundamental Inputs: Insights from Independent Analysts' Reports" (July 27, 2016).

University of Western Ontario, "Firm Value Estimates and their Fundamental Inputs: Insights from Independent Analysts' Reports" (June 23, 2016).

Tilburg Spring Camp, "Forecasting Taxes: New Evidence from Analysts" (May 26, 2016).

University of Ottawa, "Forecasting Taxes: New Evidence from Analysts" (April 8, 2016).

FARS Conference, "Discussion of "Analysts’ Monitoring Incentives across the Macro-Economic Cycle"" (January 23, 2016).

FARS Conference, "Forecasting Taxes: New Evidence from Analysts" (January 23, 2016).

The Ohio State University, "Investment Banking Relationships and Analyst Affiliation Bias: The Impact of Global Settlement on Sanctioned and Non-Sanctioned Banks" (November 13, 2015).

University of Illinois Tax Symposium, "Forecasting Taxes: New Evidence from Analysts" (September 18, 2015).

University of Notre Dame Accounting Conference, "Investment Banking Relationships and Analyst Affiliation Bias: The Impact of Global Settlement on Sanctioned and Non-Sanctioned Banks" (September 11, 2015).

AAA Annual Meeting, "Discussion of "Does Corporate Social Responsibility (CSR) Create Shareholder Value? Exogenous Shock-Based Evidence from the Indian Companies Act 2013"" (August 10, 2015).

AAA Annual Meeting, "Investment Banking Relationships and Analyst Affiliation Bias: The Impact of Global Settlement on Sanctioned and Non-Sanctioned Banks" (August 10, 2015).

CAAA Conference, "Forecasting Taxes: New Evidence from Analysts" (May 30, 2015).

Northwestern University, "Forecasting Tax Expense: New Evidence from Analysts" (April 8, 2015).

University of Southern California, "Forecasting Tax Expense: New Evidence from Analysts" (December 5, 2014).

The University of Texas - Dallas, "Forecasting Tax Expense: New Evidence from Analysts" (November 14, 2014).

Indiana University, "Forecasting Tax Expense: New Evidence from Analysts" (November 7, 2014).

University of Illinois Chicago, "Forecasting Tax Expense: New Evidence from Analysts" (October 28, 2014).

University of Notre Dame, "Forecasting Tax Expense: New Evidence from Analysts" (September 10, 2014).

AAA Annual Meeting, "Discussion of "Property theft and the cost of equity capital"" (August 2014).

Temple University Accounting Conference, "Implied Cost of Equity Capital Estimates as Predictors of Accounting Returns" (August 9, 2014).

AAA, "Analyst Following and CEO Compensation" (August 6, 2014).

AAA, "Implied Cost of Equity Capital Estimates as Predictors of Accounting Returns" (August 5, 2014).

FARS, "Discussion of "Crowdsourcing Peer Firms: Evidence from EDGAR Search Traffic"" (January 11, 2014).

FARS, "Implied cost of equity capital estimates as predictors of accounting returns" (January 11, 2014).

University of Miami, "Implied cost of equity capital estimates as predictors of accounting returns" (October 18, 2013).

Michigan State University, "Implied cost of equity capital estimates as predictors of accounting returns" (September 13, 2013).

Seventh Annual Rotman Summer Accounting Conference, "Implied cost of equity capital estimates as predictors of accounting returns" (August 29, 2013).

University of Notre Dame, "Implied cost of equity capital estimates as predictors of accounting returns" (August 22, 2013).

American Academic Accounting Association Annual Meeting, "Managers' Cost of Equity Capital Estimates: Empirical Evidence" (August 7, 2013).

Mid-West Summer Research Conference, "Managers' Cost of Equity Capital Estimates: Empirical Evidence" (June 7, 2013).

FARS, "Discussion of "Access to Management and the Informativeness of Analyst Research"" (January 12, 2013).

FARS Conference, "Analysts' Choice of Peer Companies" (January 12, 2013).

University of Notre Dame, "Managers' Cost of Equity Capital Estimates: Empirical Evidence" (November 12, 2012).

Arizona State University, "Analysts' Choice of Peer Companies" (November 2, 2012).

Purdue University, "Analysts' Choice of Peer Companies" (October 12, 2012).

University of Iowa, "Analysts' Choice of Peer Companies" (October 5, 2012).

University of Illinois Chicago, "Analysts' Choice of Peer Companies" (October 2, 2012).

AAA Annual Meeting, "Analysts' Choice of Peer Companies" (August 7, 2012).

FARS, "Discrepancy between I/B/E/S Actual EPS and Analysts' Inferred EPS" (January 7, 2012).

FARS, "Discussion of "Did Stop Signs Stop Investor Trading"" (January 7, 2012).

University of Toronto, "Analysts' Choice of Peer Companies" (December 9, 2011).

CFEA, "Discussion of "Meeting and Beating Individual Analyst Expectations"" (November 18, 2011).

Washington University, "Discrepancy between I/B/E/S Actual EPS and Analyst EPS" (October 7, 2011).

AAA Annual Meeting, "Inconsistency in I/B/E/S Actual Earnings Data" (August 10, 2011).

University of Notre Dame, "Analysts' Choice of Peer Companies" (January 26, 2011).

University of Minnesota, "Adverse Consequences of Imprecision in the I/B/E/S Earnings Data Base" (December 17, 2010).

University of Notre Dame, "The Adverse Consequences of Imprecision in the I/B/E/S Database" (December 1, 2010).

University of Toronto, "Do Managers Issue Guidance to Correct Analysts’ Forecast Errors That Are Unpredicted By the Market?" (October 14, 2010).

AAA Annual Meeting, "Analysts' Forecast Errors and Cost of Equity Capital Estimates" (August 4, 2010).

AAA Annual Meeting, "Do Managers Issue Guidance to Correct Analysts' Errors that are Unexpected by the Market?" (August 3, 2010).

FARS, "Do Managers Issue Guidance to Correct Analysts' Predictable Errors?" (January 23, 2010).

University of Notre Dame, "Do Managers Issue Guidance to Correct Analysts' Predictable Errors?" (January 13, 2010).

University of Notre Dame, "Disclosure, Analyst Forecast Bias, and the Cost of Equity Capital" (October 15, 2009).

FARS, "Disclosure, Analyst Forecast Bias, and the Cost of Equity Capital" (January 31, 2009).

AAA Annual Meeting, "The Effect of Disclosure on the Pay-Performance Relation" (August 2008).

EAA Annual Meeting, "The Effect of Disclosure on the Pay-Performance Relation" (May 2008).

FARS, "The Effect of Disclosure on the Pay-Performance Relation" (January 2008).