Mendoza School of Business


Stephannie Larocque

Notre Dame Associate Professor of Accountancy, KPMG Faculty Fellow
Accountancy
 574-631-6136
  398 Mendoza College of Business
  • Biography
  • Background
  • Publications
  • Awards
  • Media

Dr. Stephannie Larocque is the Notre Dame Associate Professor of Accountancy and the KPMG 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, Dr. Larocque's research now encompasses empirical capital markets including analysts' forecasts, private equity funds, and financial statement analysis and valuation. Her research has been published in journals including The Accounting Review, Journal of Financial Economics, Management Science, Review of Accounting Studies, Contemporary Accounting Research, Journal of Financial Reporting, Journal of Investment Management, and The Journal of Portfolio Management. She serves as an Editor for Contemporary Accounting Research, as an Associate Editor for Journal of Accounting, Auditing and Finance, and on the Editorial Board of The Accounting Review. Professor Larocque teaches Principles of Accounting to executive MBA students and Analysis and Valuation Using Financial Statements to MSA students, and previously taught Introductory Financial Accounting and Data Analytics in Accounting at the undergraduate level. She is a 2018 recipient of the Rev. Edmund P. Joyce, C.S.C., Award for Excellence in Undergraduate Teaching and a 2023 recipient of the James Dincolo Award for Outstanding Teaching.
Her surname is pronounced "La-Rock".

Education
Ph D, University of Toronto
BA, University of Western Ontario

Areas of Expertise
Financial Accounting
Analyst forecasts

Editorial Boards
Editor & Editorial Board
Contemporary Accounting Research
January 1, 2023

Editorial Board Member
Contemporary Accounting Research
April 15, 2020 - December 31, 2022

Editorial Board Member
FARS Financial Accounting Reporting Section
September, 2017 - January, 2019

"On the Informativeness of Unexpected Exclusions from Street Earningshttps://onlinelibrary.wiley.com/doi/10.1111/1911-3846.12924", (With Brian Bratten, Teri Yohn), Contemporary Accounting Research - Accepted (awaiting publication)

"How Do Analyst Characteristics Affect Analyst Performance?", (With Brian Bratten), Journal of Financial Reporting, 8, 2023

"Filling in the GAAPs in Individual Analysts’ Street Earnings Forecasts", (With Brian Bratten, Teri Yohn), Management Science, 69, 2023

"Monitoring in Private Equity", (With Peter Easton, Steve Utke, Paul Mason), The Palgrave Encylopedia of Private Equity - Accepted (awaiting publication)

"Private equity performance and the effects of cash flow timing", (With Sophie Shive, Jennifer Sustersic Stevens), The Journal of Portfolio Management, 48, 2022

"Independent and Investment-Bank Analysts’ Target Prices", (With Kris Allee, Adam Esplin, Devon Erickson), Journal of Financial Reporting, 7, 2022

"Private Equity Valuation Before and After ASC 820", (With Peter Easton, Jennifer Sustersic), Journal of Investment Management, 19, 2021

"Are Earnings Forecasts Informed by Proxy Statement Compensation Disclosures?", (With Melissa Martin, Beverly Walther), Contemporary Accounting Research, 37, 2020

"Managers’ Cost of Equity Capital Estimates: Empirical Evidence", (With Alastair Lawrence, Kevin Veenstra), Journal of Accounting, Auditing & Finance, 2018



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

"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


Award
"KPMG Faculty Fellow", KPMG, 2021

"FARS Conference Top Picks of the 20 FARS Editors", Financial Accounting and Reporting Section; American Accounting Association, 2020

"Rev. Edmund P. Joyce, C.S.C., Award for Excellence in Undergraduate Teaching, 2018", University of Notre Dame, 2018

"Office of the Dean Mission Award", Mendoza College of Business, 2017


Harvard Law School Forum on Corporate Governance and Financial Regulation, August 10, 2017