Professor Givoly is the Ernst & Young Professor of Accounting in Smeal College of Business and has served as the Chair of the Department (2002-2008). Prior to joining Penn State, Professor Givoly taught at the Graduate School of Management at the University of California at Irvine. Professor Givoly's previous academic positions include Columbia University, Northwestern University, and Tel-Aviv University, where he served as the Chairman of the accounting department. He served as the Chairman of the Financial Accounting Standards Accounting Board in Israel (1996-1999), the accounting standard-setting body of that country. Professor Givoly's research areas include the effects of financial disclosure on stock prices and the quality and information content of accounting numbers. His research has appeared in leading academic and professional journals. Professor Givoly is a Certified Public Accountant (Israel) and has been a consultant to corporations on issues of accounting standards, financial reporting and economic valuation. Professor Givoly is a member of the American Accounting Association, American Finance Association, and the Institute of Public Accounants - Israel. He serves on the Editorial Boards of the Journal of Financial Reporting, The Journal of Accounting, Auditing & Finance, and Abacus, and has served on the Editorial Boards of The Accounting Review and the International Journal of Accounting. Professor Givoly has published his research in, and is serving as a reviewer for, leading journals in his field such as The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, The Journal of Finance, and Review of Accounting Studies.
Expertise
Professor Givoly is currently conducting research projects relating to earnings management, executive compensation, quality of earnings and financial analysts' sophistication.
Education
BA, Hebrew University of Jerusalem, Jerusalem, Israel MBA, Tel Aviv University, Tel Aviv, Israel Ph D in Accounting & Finance, New York University, New York City, NY, 1975-06-01
Courses Taught
ACCTG 211H – Financial and Managerial Accounting for Decision Making (H)
Introduction to the role of accounting numbers in the process of managing a business and in investor decision making.
ACCTG 471 – Intermediate Financial Accounting I
Theory and practice issues in income concepts and value measurement; GAAP; revenues, costs, assets, liabilities, and equities.
ACCTG 590 – Colloquium
Continuing seminars which consist of a series of individual lectures by faculty, students, or outside speakers.
ACCTG 596 – Individual Studies
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.
ACCTG 597 – Special Topics
Formal courses given on a topical or special interest subject which may be offered infrequently; several different topics may be taught in one year or term.
ACCTG 597F – Advanced Empirial Seminar (F)
Seminar in Advanced Empirical.
ACCTG 597K – Advanced Empirical Accounting Seminar (K)
Seminar for 3rd year Accounting doctoral students.
ACCTG 597K – Advanced Empirical Research (K)
Formal courses given on a topical or special interest subject which may be offered infrequently; several different topics may be taught in one year or term.
ACCTG 597K – Advanced Empirical Research Seminar (K)
Formal courses given on a topical or special interest subject which may be offered infrequently; several different topics may be taught in one year or term.
ACCTG 597K – Advanced Empirical Seminar (K)
Seminar in Advanced Empirical.
B A 511 – Financial Accounting
Basic concepts and principles (i.e. the jargon) underlying financial accounting practices.
BA 511 – Financial Acct
Business enterprises convey information to their present and potential investors and creditors through financial reports. This course focuses on these financial reports, the data they contain, how users should read and interpret financial statements, and how users can incorporate this information into their investment decision making. It also examines how managers attempt to window dress these financial statements and how the numbers might affect managerial behavior.
BA 811 – Financial Accounting
Business enterprises convey information to their present and potential investors and creditors through financial reports. This course focuses on these financial reports, the data they contain, how users should read and interpret financial statements, and how users can incorporate this information into their investment decision making. It also examines how managers attempt to window dress these financial statements and how the numbers might affect managerial behavior.
BA 811 – Financial Acct
An integrative approach to the role of accounting information in managerial decision making with a focus on its uses in the implementation of a firm's strategy and on its uses in equity and credit analyses and decisions.
CCLAW 997A – Financial Accounting (A)
You'll learn why financial accounting is a system for measuring and communicating the outcomes of business activities to parties outside the firm. The purposes of this course are to: 1) provide you with a basic understanding of the concepts and principles
CCLAW 997C – Financial Accounting (C)
You'll learn why financial accounting is a system for measuring and communicating the outcomes of business activities to parties outside the firm. The purposes of this course are to: 1) provide you with a basic understanding of the concepts and principles
Selected Publications
Givoly D., Li Y., Lourie B., Nekrasov A. "Key Performance Indicators as Supplements to Earnings: Incremental Informativeness, Demand Factors, Measurement Issues, and Properties of Their Forecasts" Review of Accounting Studies, vol. 24, 2019-01-01
Givoly D., Katz S., Bradertscher B., Lee H. "Private Ownership and the Cost of Debt: Evidence from the Bond Market" Management Science, vol. 65, 2019-01-01
Givoly D., Katz S., Hayn C. "The Changing Relevance of Accounting Information Over Time" Review of Accounting Studies, vol. 22, 2017-01-01
Givoly D., Hayn C., Katz S. "Does Public Ownership of Equity Improve Earnings Quality?" The Accounting Review, vol. 85, 2010-01-01
Givoly D., Hayn C., Lehavy R. "The Quality of Analysts' Cash Flow Forecasts" The Accounting Review, vol. 84, 2009-01-01
Givoly D., Shi C. "Accounting Information and IPO Under-Pricing: Accounting for Software Development Costs" Journal of Accounting, Auditing, and Finance, vol. 23, 2008-01-01
Givoly D. "Financial Analysts and Their Contribution to Well-Functioning Capital Markets (by Mark Bradshaw, Yonca Ertimur, and Patricia O'Brian)" The Accounting Review, vol. 93
Givoly D., Hayn C., Natarajan A. "Measuring Reporting Conservatism" The Accounting Review, vol. 82