IN for Faculty and Staff IN for MBA Students
 
"Economic value added' represents a radical, fundamental departure from earnings. It completely redefines what profit means. We estimate that less than one-half of this country's largest firms would be profitable if EVA-replaced earnings as the benchmark for corporate performance."

 

 

 

 
Robert M. Bowen
Professor of Accounting
PricewaterhouseCoopers & Alumni Professor of Accounting

PhD, Stanford University, 1978
MBA, Washington University, 1971
AB, Drury College, 1968


Phone:   
 206-543-4569 Mailing Address:
Fax:
 206-685-9875 Michael G. Foster School of Business
Office:
Email:
 302 Mackenzie Hall
rbowen@u.washington.edu
 Accounting Department
Box 353200
Seattle, WA 98195-3200
     
Faculty Personal Web Page:   http://faculty.bschool.washington.edu/rbowen/


Specialties

    Financial reporting, managerial accounting, decision-making using accounting data, management's incentives and accounting choices, alternative performance metrics (including economic value added).

Positions Held

    At the University of Washington since 1978
    Visiting Professor, INSEAD, 2001

Selected Publications

  • "Analyst Coverage and the Cost of Raising Equity Capital: Evidence from the Underpricing of Seasoned Equity Offerings," with X. Chen and Q. Cheng, Contemporary Accounting Research Conference, forthcoming.

  • "Accounting Discretion, Corporate Governance and Firm Performance" with S. Rajgopal and M. Venkatachalam, Contemporary Accounting Research, forthcoming.

  • "Emphasis on Pro Forma versus GAAP Earnings in Quarterly Press Releases: Determinants, SEC intervention, and Market Reactions," with A. Davis and D. Matsumoto, The Accounting Review, October 2005.

  • "Determinants of Revenue Recognition Policies for Internet Firms" with A. Davis and S. Rajgopal, Contemporary Accounting Research, Winter 2002.

  • "Do Conference Calls affect Analysts’ Forecasts?" with A. Davis and D. Matsumoto, The Accounting Review, April 2002.

  • "Evidence on EVA" with G. Biddle and J. Wallace, Journal of Applied Corporate Finance, Vol. 12, No. 7, Summer 1999.

  • "Does EVA Beat Earnings? Evidence on Associations with Stock Returns and Firm Values," with G. Biddle and J. Wallace, Journal of Accounting and Economics, December 1997, pp. 301-306.

  • "Stakeholders' Implicit Claims and Accounting Method Choice," with L. DuCharme and D. Shores, Journal of Accounting and Economics, December 1995.

Current Research

    Economic context and the value-relevance of financial and non-financial data (including alternative earnings metrics such as EVA); incentives for earnings management; effects of disclosure on analysts and the information environment.

Honors and Awards

    Lex N. Gamble Family Award for Excellence in Teaching in Case Development & Curriculum Innovation (2009)
    Executive MBA Excellence in Teaching Award, Regional option (1987-2007, 2008)
    Executive MBA Excellence in Teaching Award, North America option (2000-2008)
    Faculty Case Award for "Exxon Mobil Corporation: The Politics of Profit" (2007)
    Faculty Case Award for "Microsoft’s ‘Red-Ink’ Xbox" (2006)
    PricewaterhouseCoopers & Alumni Professorship (2006-current)
    Herbert O. Whitten Professorship (1997-2006)
    Best Paper Award, AAA Accounting and Financial Reporting Section (1999)
    Dean’s Research Award (1999)
    Outstanding PhD mentor Award (1998)

Selected Consulting Experience

  • Executive teaching for multiple local firms
  • Strategic planning for multiple local firms

Selected Academic Service

    Chair, UW Faculty Council on Benefits & Retirement (2006-current)
    Chair, Business School IT Policy Committee (2005-current)
    Chair, B.A. Faculty Council (2003-04)
    Chair, Search Committee for John Narver Professorship in Business Administration (2001-05)
    Lead master planning and design effort for new School facilities (mid-1990s)
    Member of EMBA expansion and admissions committees
    Faculty liaison for EMBA




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