Ilia D. Dichev

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  • Goizueta Chaired Professor of Accounting
  • Phone: (404) 727-9353
  • Fax: (404) 727-6313

Mailing Address:

Goizueta Business School
Emory University
1300 Clifton Road NE
Atlanta, GA 30322

Biography

Ilia Dichev joined the Goizueta faculty in 2009. Dichev’s previous appointment was at the University of Michigan’s Ross School of Business, where he taught accounting for thirteen years and directed the PhD program in accounting for three.

Dichev holds a BS in finance from Santa Clara University and a PhD in accounting from the University of Washington. Immediately following completion of his PhD in 1995, he served as assistant professor of accounting at Rice University in Houston, Texas, for a year.

He has published in The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, The Journal of Finance, Journal of Business, and American Economic Review.

In 2002, he received the Notable Contributions to Accounting Literature Award, the highest research award in accounting. He is also the recipient of the 2007 Emerald Citation for Excellence, as author of one of the top 50 articles in economics and business worldwide.

He has been cited in numerous popular publications, including Forbes, The New York Times, Money, The Wall Street Journal, Smart Money, Handelsblatt, National Public Radio, Harvard Business Review, Atlanta Journal-Constitution, CFO Magazine, Financial Advisor, Investors’ Chronicle, The Chronicle of Higher Education, and The Economist.

Publications

  • “Earnings Volatility and Earnings Predictability,” with W. Tang, Journal of Accounting and Economics 47 (1-2), March 2009, 160-181.
  • “The Financial Times Business Schools Ranking: What Quality is This Signal of Quality?” European Management Review 5(Winter 2008), 219-225.
  • “On the Balance-Sheet Model of Financial Reporting,” Accounting Horizons 22 (4), December 2008, 453-470.
  • “Matching and the Changing Properties of Accounting Earnings over the Last 40 Years,” with V. Wei Tang,The Accounting Review 83 (November 2008), 1425-1461.
  • “What Are Stock Investors' Actual Historical Returns? Evidence from Dollar-Weighted Returns,” American Economic Review 97 (March 2007), 386-402.
  • “Lunar Cycle Effects in Stock Returns,” with T. Janes, Journal of Private Equity 6 (Fall 2003), 8-29.
  • Discussion of “The Differential Persistence of Accruals and Cash Flows for Future Operating Income versus Future Profitability,” Review of Accounting Studies 8 (June/September 2003), 245-250.
  • “The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors,” with P. Dechow, The Accounting Review 77 (Supplement 2002), 35-59.
  • “Large-Sample Evidence on the Debt Covenant Hypothesis,” with D. Skinner, Journal of Accounting Research 40 (September 2002), 1091-1123.
  • “News or Noise? Estimating the Noise in the U.S. News University Rankings, Research in Higher Education 42 (June 2001), 237-266.
  • “The Long-Run Stock Returns Following Bond Ratings Changes,” with J. Piotroski, The Journal of Finance 56 (February 2001), 173-203.
  • “The Performance of Long-Run Stock Returns Following Issues of Public and Private Debt,” with J. Piotroski,Journal of Business Finance and Accounting 26 (November/December 1999), 1103-1132.
  • “How Good are Business School Rankings?” The Journal of Business 72 (April 1999), 201-213.
  • “Is the Risk of Bankruptcy a Systematic Risk?” The Journal of Finance 53 (June 1998), 1131-1148.
  • “Earnings Management to Avoid Earnings Decreases and Losses," with D. Burgstahler, Journal of Accounting and Economics 24 (December 1997), 99-126.
  • “Earnings, Adaptation, and Equity Value," with D. Burgstahler, The Accounting Review 72 (April 1997), 187-215.

Working Papers

  • “Growth and Accounting Choice,” with F. Li, March 2009.
  • “Higher Risk, Lower Returns: What Hedge Fund Investors Really Earn,” with G. Yu, March 2009.
  • Note: You can access most of Dr. Dichev's working papers and older versions of the published papers on the Social Science Research Network (SSRN) through the following link: http://papers.ssrn.com/author=62368

      Areas of Specialization

      • Corporate financial reporting
      • Capital markets
      • Earnings management
      • Market efficiency

      Achievements and Honors

      • Emerald Citation for Excellence, 2007
      • Michael and Joan Sakkinen Accounting Scholar, 2003-2004
      • Notable Contributions to Accounting Literature Award, 2002
      • Norman Auerbach-PricewaterhouseCoopers Faculty Fellow, 2001-2003
      • Sanford Robertson Assistant Professorship in Business Administration, 2001-2002 (Michigan Business School junior faculty research award)
      • Deloitte & Touche Doctoral Fellow, University of Washington, 1992-1994
      • Isabel Jones Prize, 1991 (top business student, Santa Clara University)
      • The Wall Street Journal Award, 1991

      Memberships and Activities

      • Editorial and Advisory Board, The Accounting Review, 1998-2003
      • Ad hoc reviewer for Accounting Horizons; The Accounting Review; Contemporary Accounting Research; Journal of Accounting, Auditing, and Finance; Journal of Accounting and Economics; Journal of Accounting Research; The Journal of Business; Journal of Corporate Finance; Journal of Empirical Finance; Journal of Behavior Decision Making; Managerial Finance; Financial Services Review; Journal of Business Finance and Accounting; The Journal of Finance; Review of Accounting Studies
      • American Accounting Association screening committee to nominate Notable Contributions to Accounting Literature, 1996-1999
      • FARS Best Manuscript Award committee, 2007-2008
      • Reviewer for: AAA and FARS meetings, one textbook, four tenure cases, two other promotions, and three grant applications for the Hong Kong Research Council

      Education

      • Ph.D. Accounting, University of Washington, Seattle, WA 1995
      • Bachelor's Finance, Santa Clara University, Santa Clara, CA 1991