Arthur Kraft

Arthur joined Cass in 2009. He previously served on the accounting faculty of the University of Rochester and the London Business School. His research interests include financial reporting, financial analysis, equity valuation, and the relation between accounting information and capital markets. He is broadly interested in the effect of financial disclosures on capital market participants and security prices, the credibility of voluntary disclosure mechanisms, and corporate governance. Arthur received his BBA and MAcc frm the University of Michigan and his PhD from the University of Chicago.

Expertise

Primary Topics

• Accounting
• Accounting Standards
• Asset Valuation
• Financial Accounting

Geographic Areas

• Americas - North
• Europe

Research Topics

• Frequent Financial Reporting and Managerial Myopia
• Conditionally Accepted at the Accounting Review with Rahul Vashishtha and Mohan Venkatachalam (both at Duke University)
• Voluntary versus Mandatory Management Earnings Forecasts in IPOs with Dimitrios Gounopoulos (University of Sussex) and Frank Skinner (University of Brunel)
• On the aggregation of analyst earnings forecasts by the market with Ryan Ball (University of Michigan) and Stan Markov (Southern Methodist University)
• An Analysis of the Timing and Information Content of 8-K Disclosures with Miles Gietzmann (at Bocconi)
• Financial Reporting Frequency and Corporate Innovation with Renhui Fu (Shanghai Jiao Tong University), Xuan Tian (Tsinghua University), Huai Zhang (Nanyang Technological University), and Luo Zuo (Cornell University)

Journal Articles (7)

• Kraft, A.G., Vashishtha, R. and Venkatachalam, M. (2017). Frequent Financial Reporting and Managerial Myopia. The Accounting Review .
• Konstantinidi, T., Kraft, A. and Pope, P.F. (2016). Asymmetric Persistence and the Market Pricing of Accruals and Cash Flows. Abacus, 52(1), pp. 140–165.
• Fu, R., Kraft, A. and Zhang, H. (2012). Financial reporting frequency, information asymmetry, and the cost of equity. Journal of Accounting and Economics, 54(2-3), pp. 132–149.
• Chen, F., Kraft, A. and Weiss, I. (2011). Tax planning by mutual funds: Evidence from changes in the capital gains tax rate. National Tax Journal, 64(1), pp. 105–134.
• Butler, M., Kraft, A. and Weiss, I.S. (2007). The effect of reporting frequency on the timeliness of earnings: The cases of voluntary and mandatory interim reports. Journal of Accounting and Economics, 43(2-3), pp. 181–217.
• Kraft, A., Leone, A.J. and Wasley, C.E. (2007). Regression-Based Tests of the Market Pricing of Accounting Numbers: The Mishkin Test and Ordinary Least Squares. Journal of Accounting Research, 45(5), pp. 1081–1114.
• Kraft, A., Leone, A. and Wasley, C. (2006). An Analysis of the Theories and Explanations Offered for the Mispricing of Accruals and Accrual Components. Journal of Accounting Research, 44(2), pp. 297–339.

Course Directorship

• 2013 - present, International Accounting and Finance, Director

Editorial Activities (7)

• Journal of Business Finance and Accounting, Referee, 2014 – present.
• European Accounting Review, Member of Editorial Board, 2012 – 2015.
• Contemporary Accounting Research, Referee, 2008 – present.
• Review of Accounting Studies, Referee, 2007 – present.
• The Accounting Review, Referee, 2005 – present.
• Journal of Accounting & Economics, Referee, 1999 – present.
• Journal of Accounting Research, Referee, 1996 – present.