Jere R. Francis
Curators' Professor and Robert J. Trulaske, Sr. Chair of Accounting
Accountancy
College of Business
Office:
444 Cornell Hall
University of Missouri
Columbia, MO 65211
Office Hours:
M: 3:00 PM - 4:30 PM, W: 3:00 PM - 4:30 PM
Phone: (573) 882-5156
E-Mail: francis@missouri.edu
Jere R. Francis (PhD, University of New England, Australia’82), is the Curators' Professor and Trulaske Chair of Accounting, and Doctoral Program Director of the School of Accountancy. He teaches doctoral research seminars and the School’s 5th year capstone course, Accounting & Strategic Financial Analysis, a case-based course that inter-relates corporate strategy, accounting analysis, and business valuation. During the 2005-06 academic year, Professor Francis published papers The Accounting Review and Auditing: A Journal of Practice and Theory. He also presented research papers at the 2005 American Accounting Association annual meeting, the 2006 mid-year meeting of the Auditing Section of the American Accounting Association, and the 2006 Annual Congress of the European Accounting Association. Professor Francis served as the 2006 Chair of the American Accounting Association’s 2006 Doctoral Consortium held annually at Lake Tahoe. He made invited research presentations at Lehigh University, Hong Kong Polytechnic University, University of Paris, and University of Melbourne, and serves on the editorial board of The Accounting Review, is Co-Editor of International Journal of Accounting, and Associate Editor of Auditing: A Journal of Practice & Theory.
Publications
Francis, J., I. Khurana, R. Pereira, and X. Martin. "The Role of Firm-Specific Incentives and Country Factors in Explaining Voluntary IAS Adoptions," European Accounting Review (forthcoming, 2008).
Francis, J., and D. Wang, "The Joint Effect of Investor Protection and Big 4 Audits on Earnings Quality around the World," Contemporary Accounting Research (Spring 2008), Vol. 25, No. 1, pp. 1-39.
Francis, J., "Auditing in the United States: from Laissez Faire to Government Control in 70 years," pp. 243-261, in Auditing, Trust and Governance: Developing Regulation in Europe, edited by Reiner Quick, Stuart Turley, and Marleen Willekens (London: Routledge, 2008).
Francis, J., and I. Basioudis, "Audit Pricing in the United Kingdom: Tests of Big 4 Audit Fee Premia for Brand name, Industry Leadership and City Leadership," Auditing: A Journal of Practice and Theory (November 2007), Vol. 26, No. 2, pp. 143-166.
Francis, J., "Are Auditors Compromised by Nonaudit Services? Assessing the Evidence," Contemporary Accounting Research (Fall 2006), Vol. 23, No. 3, pp. 747-760.
Francis, J., and B. Ke, "Disclosure of Fees Paid to Auditors and the Market Valuation of Earnings Surprises," Review of Accounting Studies (December 2006), Vol. 11, No. 4, pp. 495-523.
Ferguson, A., J. Francis and D. Stokes, "What Matters in Audit Pricing - Industry Specialization or Overall Market Leadership?" Accounting and Finance, Vol. 46, No. 1, pp. 97-106.
Francis, J., I. Khurana, and R. Pereira, "Disclosure Incentives and Effects on Cost of Capital Around the World." The Accounting Review (October 2005), Vol. 80, No. 3, pp. 1125-1162.
DeFond, M., and J. Francis, "Audit Research after Sarbanes-Oxley?" Auditing: A Journal of Practice and Theory (2005), Vol. 24, Supplement, pp. 5-30.
Francis, J., and D. Wang, "Impact of the SEC's Public Fee Disclosure Requirement on Subsequent Period Fees and Implications for Market Efficiency," Auditing: A Journal of Practice and Theory (2005), Vol. 24, Supplement, pp. 145-160.
Francis, J., K. Reichelt and D. Wang, "The Pricing of National and City-Specific Reputations for Industry Expertise in the U.S. Audit Market," The Accounting Review (January 2005), Vol. 80, No. 1, pp. 113-136.
Francis, J., "What Do We Know About Audit Quality?" The British Accounting Review (December 2004), Vol. 34, No. 4, pp. 345-368.
Reynolds, J.K., D. Deis and J. Francis, "Professional Service Fees and Auditor Objectivity," Auditing: A Journal of Practice and Theory (Spring 2004), Vol. 23, No. 1, pp. 29-52.
Casterella, J., J. Francis, B. Lewis, and P. Walker, "Auditor Industry Specialization, Client Bargaining Power, and Audit Pricing," Audit: A Journal of Practice and Theory (Spring 2004), Vol. 23, No. 1, pp. 123-140.
Ferguson, A., J. Francis, and D. Stokes, "The Effects of Firm-Wide and Office-Level Industry Expertise on Audit Pricing," The Accounting Review (April 2003), Vol. 78, No. 2, pp. 429-448.
Francis, J., I. Khurana, and R. Pereira, "The Role of Accounting and Auditing in Corporate Governance and the Development of Financial Markets Around the World," Asia-Pacific Journal of Accounting and Economics (2003), Vol. 10, No. 1, pp. 1-30.
Francis, J., and J. Krishnan. "Evidence on Accounting Firm Risk-Management Strategies Before and After 'The Private Securities Litigation Reform Act of 1995'," Asia-Pacific Journal of Accounting and Economics (December 2002), Vol. 9, 135-157.
A Conceptual Framework for Enhancing the Independence and Objectivity of Internal Auditors (Institute of Internal Auditors, 2001) Member of Task Force of the Auditing Section of the American Accounting Association that wrote the monograph.
Reynolds, J.K., and J. Francis, "Does Size Matter? The Influence of Large Clients on Office-Level Auditor Reporting Decisions, Journal of Accounting and Economics (December 2000), Vol. 30, No. 3,, 375-400.
DeFond, M., J. Francis and T.J. Wong, "Auditor Industry Specialization and Market Segmentation: Evidence from Hong Kong," Auditing: A Journal of Practice & Theory (Spring 2000), Vol. 19, No. 1, pp. 49-66.
Francis, J., E. Maydew and H.C. Sparks, "The Role of Big 6 Auditors in the Credible Reporting of Accruals," Auditing: A Journal of Practice and Theory (Fall 1999), Vol. 18, No. 2, pp. 17-34.
Francis, J. and J. Krishnan, "Accounting Accruals and Auditor Reporting Conservatism," Contemporary Accounting Research (Spring 1999) Vol. 16, No. 1, pp. 135-165.
Francis, J., D. Stokes and D. Anderson, "City Markets as a Unit of Analysis in Audit Research and the Re-examination of Big 6 Market Shares," Abacus (June 1999) Vol. 35, No. 2, pp. 185-206.
Francis, J. and A. Craswell, "Pricing Initial Audit Engagements: A Test of Competing Theories," The Accounting Review (April 1999) Vol. 74, No. 2, pp. 201-216.
Francis, J. and R. Grimlund, "A Model of Errors and Irregularities as a General Framework for Risk-Based Audit Planning," in Auditing Symposium XIII: Deloitte & Touche/University of Kansas Symposium on Auditing Problems (University of Kansas, 1996), pp. 135-153.
Craswell, A., J. Francis, and S. Taylor, Auditor Brand Name Reputations and Industry Specializations, Journal of Accounting and Economics (1995), Vol. 20, No. 3, pp. 297-322.
Bandyopadhyay, S. and J. Francis, The Economic Effect of Different Levels of Auditor Assurance on Bankers' Lending Decisions, Canadian Journal of Administrative Sciences (1995), Vol. 12, No. 3, pp. 238-249.
Francis, J., Auditing, Hermeneutics, and Subjectivity, Accounting, Organizations and Society (1994), Vol. 19, No. 3, pp. 235-269.
Anderson, D., J. Francis and D. Stokes, Auditing, Directorships and the Demand for Monitoring, Journal of Accounting and Public Policy (1993), Vol. 12, No. 4, pp. 353-375.
Arrington, C.E. and J. Francis, Giving Economic Accounts: Accounting as a Cultural Practice, Accounting, Organizations and Society (1993), Vol. 18, Nos. 2/3, pp. 107-124.
Accounting Theory: A Conceptual and Institutional Approach (South-Western Publishing Company, 1992), 3rd edition.
Francis, J., W. Andrews and D. Simon, Voluntary Peer Reviews, Audit Quality, and Proposals for Mandatory Peer Reviews, Journal of Accounting, Auditing and Finance (1990), Vol. 5, No. 3, pp. 369-378.
Francis, J., After Virtue? Accounting as a Moral and Discursive Practice, Accounting, Auditing and Accountability Journal (1990), Vol. 3, No. 3, pp. 5-17.
Francis, J., The Credibility and Legitimation of Science: A Loss of Faith in the Scientific Narrative, Accountability in Research (1989), Vol. 1, No. 1, pp. 5-22.
Arrington, C. E. and J. Francis, Letting the Chat Out of the Bag: Deconstruction, Privilege and Accounting Research, Accounting, Organizations and Society (1989), Vol. 14, Nos. 1/2, pp. 1-28.
Francis, J. and E. Wilson, Auditor Changes: A Joint Test of Theories Relating to Agency Costs and Auditor Differentiation, The Accounting Review (October 1988), Vol. 63, No. 4, pp. 663 682.
Simon, D. and J. Francis, The Effects of Auditor Changes on Audit Fees: Tests of Price Cutting and Price Recovery, The Accounting Review (April 1988), Vol. 63, No. 2, pp. 255-269.
Francis, J. and S. Reiter, Determinants of Corporate Pension Funding Strategies, Journal of Accounting and Economics, (March 1987), Vol. 9, No. 1, pp. 35-59.
Francis, J., Lobbying Against Proposed Accounting Standards: The Case of Employers' Pension Accounting, Journal of Accounting and Public Policy (Spring 1987), Vol. 6, No. 1, pp. 33 57.
Francis, J. and D. Simon, A Test of Audit Pricing in the Small-Client Segment of the U.S. Audit Market, The Accounting Review (January 1987), Vol. 62, No. 1, pp. 145-157.
Francis, J. and D. Stokes, Audit Prices, Product Differentiation and Scale Economies: Further Evidence from the Australian Market, Journal of Accounting Research (Autumn 1986), Vol. 24, No. 2, pp. 383-393.
Francis, J., Debt Reporting by Parent Companies: Parent-Only Versus Consolidated Statements, Journal of Business Finance and Accounting (Autumn 1986), Vol. 13, No. 3, pp. 393-403.
Francis, J., The Effect of Audit Firm Size on Audit Prices: A Study of the Australian Market, Journal of Accounting and Economics (August 1984), Vol. 6, No. 2, pp. 133-151.
Francis, J. FASB's Preliminary Views on Pension Accounting, The CPA Journal (May 1983), Vol. 53, No., 5, pp. 44-52.
Pound, G. and J. Francis, The Accounting Services Market: Theory and Evidence, Journal of Business Finance and Accounting (Autumn 1981), Vol. 8, No. 3, pp. 352-371.
Francis, J. and B. Pollard, An Investigation of Nonaudit Fees in Australia, Abacus (December 1979), Vol. 15, No. 2, pp. 136 144.