Francois Brochet

Francois Brochet is a Professor of Accounting at Boston University. Prior to joining BU, he was an Assistant Professor at the Harvard Business School for six years, and a Visiting Assistant Professor at the MIT Sloan School of Management for one year. He received a MS in Management from HEC Paris in 2001, and his PhD from New York University in 2007. Prior to entering academia, he worked in M&A advisory for LCF Rothschild in Paris, and buy-side equity research for Commerzbank in Frankfurt, and Allianz Asset Management in Munich.

Education

• PhD, New York University, 2007
• MS, HEC School of Management, 2001

Academic Positions

• Boston University, Questrom School of Business
  Associate Professor, Accounting Department 2016–present
  Assistant Professor, Accounting Department 2014–2016
  
• Massachusetts Institute of Technology
  Visiting Assistant Professor, Accounting Department 2013–2014
  
• Harvard Business School
  Assistant Professor, Accounting & Management Unit 2007–2014

Teaching Experience

Boston University

Summer 2021, Spring 2022, Summer 2022: Managing Performance with Data (MOD2), Online MBA Fall 2014–2020, Spring 2019: Financial Statement and Analysis, MBA (9 sections) and Undergraduate (6 sections) Elective.
Fall 2020: Financial Reporting and Control, PEMBA core course (2 sections).
Ad hoc: Mini-MBA for Tech Executives; Accounting/Finance for In-House Counsel; Mini MBA for InHouse Counsel; Contemporary Topics in Accounting Research (PhD course); Directed Studies (MBA and PhD).

Selected Publications

• Bazhutov, D., Betzer, A., Brochet, F., Doumet, M., Limbach, P. (In Press). "The Supply and Effectiveness of Investor Relations in Insider- vs. Outsider-Oriented Markets", Management Science
• Bourveau, T., Brochet, F., Garel, A. (In Press). "The Capital Market Consequences of Tenure-Based Voting Rights: Evidence from the Florange Act", Management Science
• Bazhutov, D., Betzer, A., Brochet, F., Doumet, M., Limbach, P. (2023). "The Supply and Effectiveness of Investor Relations in Insider- vs. Outsider-Oriented Markets", Management Science, 69 (1), 660-683
• Brochet, F., Ferri, F., Miller, G. (2021). "Investors’ Perceptions of Activism Via Voting: Evidence from Contentious Shareholder Meetings", Contemporary Accounting Research, 38 (4), 2758-2794
• Brochet, F., Limbach, P., Schmid, M., Scholz-Daneshgari, M. (2021). "CEO Tenure and Firm Value", The Accounting Review, 96 (6), 47-71
• Brochet, F., Naranjo, P., Yu, G. (2019). "Executives’ English Skills Affect the Outcomes of Earnings Calls", Harvard Business Review
• Brochet, F., Miller, G., Naranjo, P., Yu, G. (2019). "Managers' Cultural Background and Disclosure Attributes", The Accounting Review, 94 (3), 57-86
• Brochet, F. (2019). "Aggregate insider trading and market returns: The role of transparency", Journal of Business Finance & Accounting, 46 (3-4), 336-369
• Brochet, F., Kolev, K., Lerman, A. (2018). "Information transfer and conference calls", Review of Accounting Studies [13806653], 23 (3)
• Brochet, F., Heese, J., Johnson, C., Srinivasan, S. (2018). "Fair Value Accounting at Berkshire Hathaway Inc.", Harvard Business School Publishing
• Brochet, F., Naranjo, P., Yu, G. (2016). "The Capital Market Consequences of Language Barriers in the Conference Calls of Non-US Firms", Accounting Review, 91 (4), 1023-1049
• Brochet, F., Loumioti, M., Serafeim, G. (2015). "Speaking of the short-term: disclosure horizon and managerial myopia", Review of Accounting Studies, 20 (3), 1122-1163
• Brochet, F., Miller, G., Srinivasan, S. (2014). "Do Analysts Follow Managers Who Switch Companies? An Analysis of Relationships in the Capital Markets", Accounting Review, 89 (2), 451-482
• Brochet, F., Jagolinzer, A., Riedl, E. (2013). "Mandatory IFRS Adoption and Financial Statement Comparability", Contemporary Accounting Research, 30 (4), 1373-1400
• Brochet, F., Misztal, K. (2013). "Investindustrial Exits Ducati", Harvard Business Publishing
• Brochet, F., Barley, L., Palepu, K. (2013). "Apple Inc. and the iPhone 4 Antenna Issue", Harvard Business Review
• Brochet, F., Srinivasan, S., Norris, M. (2012). "Netflix: Valuing a New Business Model", Harvard Business Publishing
• Nam, S., Brochet, F., Ronen, J. (2012). "The Predictive Value of Accruals and Consequences for Market Anomalies", Journal of Accounting, Auditing & Finance, 27 (2), 151-176
• Brochet, F., Weber, J. (2012). "LinkedIn Corporation",
• Brochet, F., Faurel, L., McVay, S. (2011). "Manager-Specific Effects on Earnings Guidance: An Analysis of Top Executive Turnovers", Journal of Accounting Research, 49 (5), 1123-1162
• Brochet, F., Palepu, K. (2011). "Accounting for the iPhone at Apple, Inc. Teaching Note", Harvard Business School Publishing
• Brochet, F., Kiron, D. (2011). "Google and Earnings Guidance",
• Brochet, F., Palepu, K., Barley, L. (2011). "Accounting for the iPhone at Apple Inc.",
• Brochet, F. (2010). "Societe Generale (A): The Jerome Kerviel Affair",
• Brochet, F., Mabud, R. (2010). "Securities Trading: Front-, Middle- and Back Office",
• Brochet, F. (2010). "Information Content of Insider Trades before and after the Sarbanes-Oxley Act", Accounting Review, 85 (2), 419-446 Brochet, F. (2009). "Tokyo AFM",

Selected Research Presentations

• Brochet, F. Say-on-Pay Laws and Insider Trading, Joint Finance Seminar, online, 2022
• Brochet, F. Virtual Shareholder Meetings, University of Calgary Accounting Seminar, online, 2022
• Brochet, F. Investor Culture and Corporate Disclosure, Baruch College at CUNY, New York, NY, 2022
• Brochet, F. Research design advantages in international accounting research, American Accounting Association Annual Meeting 2022, San Diego, CA, 2022
• Brochet, F. Investor Culture and Corporate Disclosure, INSEAD Accounting Symposium, Fontainebleau, France, 2022
• Brochet, F. Virtual Shareholder Meetings, University of Toronto Accounting Workshop, Toronto, ON, Canada, 2022
• Brochet, F. Say on Pay Laws and Insider Trading, American Accounting Association FARS Mid-Year Meeting 2022, online, 2022
• Brochet, F. Virtual Shareholder Meetings, 2022 American Accounting Association FARS Mid-Year Meeting, Online, 2022
• Brochet, F. Discussant of The Monitoring Role of Social Media: Evidence from the Introduction of 3G Internet, American Accounting Association FARS Mid-Year Meeting 2022, online, 2022
• Brochet, F. Virtual Shareholder Meetings, SMU-SOAR Accounting Symposium, 2021
• Brochet, F. Virtual Shareholder Meetings, ESSEC Business School, 2021
• Brochet, F. Virtual Shareholder Meetings, Greater Boston Corporate Governance Workshop, Northeastern University, 2021
• Brochet, F. Virtual Shareholder Meetings, George Washington University, 2021
• Brochet, F. Discussant of The Quality of Earnings Information in Dual-Class Firms: Persistence and Predictability, Journal of Law, Finance, and Accounting, Bocconi University, Milan, Italy, 2020
• Brochet, F. Discussant of Shareholder Governance Implications of Emerging Market Investor Flows, Boston Area Corporate Governance Workshop, Northeastern University, 2020
• Brochet, F. Investor Culture and Corporate Disclosure, Egyptian Online Accounting Seminar, online, 2020
• Brochet, F. Discussant of Measuring Disclosure Investment Strategy: A Data Envelopment Analysis Approach, American Accounting Association FARS Mid-Year Meeting, Nashville, TN, 2020

Awards And Honors

• 2021, Outstanding Reviewer Award, American Accounting Association
• 2020, Outstanding Reviewer Award, American Accounting Association
• 2020, Outstanding Discussion, American Accounting Association