Robert J. Trulaske Sr., College of Business, University of Missouri

People Directory

Jere R. Francis

Curators' Distinguished Professor, Robert J. Trulaske, Sr. Chair, & Director of Accountancy Ph.D. program
Accountancy
Graduate Dean’s Office
Office: 
444
Building: 
Cornell Hall
Phone: 
(573) 882-5156

Jere R. Francis (PhD, University of New England, Australia ’82), is Curators' Professor and Trulaske Chair of Accounting, and Director of the School of Accountancy’s Ph.D. program. He teaches doctoral research seminars in the accountancy program.  Professor Francis serves on editorial boards of The Accounting Review, Review of Accounting Studies, and Auditing: A Journal of Practice & Theory, and is Associate Editor at Contemporary Accounting Research.  His research examines the impact of auditing on the quality on corporate financial reports, and the role of institutions in explaining cross-country differences in the quality of accounting and auditing practices. 

Publications

Journal Articles

Francis, J., S. Huang, and I. Khurana. "The Role of Similar Accounting Standards in Cross-Border Mergers and Acquisitions."  Contemporary Accounting Research  (Fall 2016), Vol.33, No.3: 1298-1330.

Dutillieux, W., J. Francis, and M. Willekens. “The Spillover of SOX on Earnings Quality in Non-U.S. Jurisdictions." Accounting Horizons (March 2016), Vol. 30, No.1: 23-39.

Francis, J., and M. Yu. “Incorporation Choice and Implied Cost of Equity.” International Journal of Business Research (October 2015), Vol 15, No. 3: 115-145.

Cameran, M, J. Francis, A. Marra, and A. Pettinicchio. “Are There Adverse Consequences of Mandatory Auditor Rotation: Evidence from the Italian Experience,” Auditing: A Journal of Practice and Theory (February 2015), Vol. 34, No.1: 1-24.

Francis, J., M. Pinnuck, and O. Watanabe, "Auditor Style and Financial Statement Comparability," The Accounting Review (March 2014), Vo. 89, No. 2: 605-633.

Francis, J., P. Michas, and M. Yu. “Big Four Office Size and Client Restatements,” Contemporary Accounting Research (Winter/December 2013), Vol. 30, No. 4: 1626-1661.

Francis, J., and P. Michas. "The Contagion Effect of Low-Quaility Audits," The Accounting Review (March 2013), Vol. 88, No. 2: 521-552.

Francis, J., P. Michas, and S. Seavey, "Does Market Concentration Harm the Quality of Audited Earnings: Evidence from Audit Markets in 42 Countries," Contemporary Accounting Research (Spring 2013), Vol. 30, No. 1: 325-355.

Lennox, C., J. Francis and Z. Wang.  "Selection Models in Accounting Research." The Accounting Review (March 2012), Vol. 87, No. 2: 589-616.

Francis, J., I. Khurana, R. Pereira, and X. Martin. 2011. "The Relative Importance of Firm Incentives Versus Country Factors in the Demand for Assurance Services by Private Entities." Contemporary Accounting Research, 28 (2): 487-516.

Francis, J. "A Framework for Understanding and Researching Audit Quality." Auditing: A Journal of Practice and Theory (May 2011), Vol. 30, No. 2, pp. 125-152.

Francis, J. "Auditing Without Borders." Accounting Organizations and Society (May-July 2011), Vol. 36, Nos. 4-5: 218-323.

Francis, J., and X. Martin. "Acquisition Profitability and Timely Loss Recognition." Journal of Accounting & Economics (February 2010), Vol. 49, Nos. 1-2, pp. 161-178.

Francis, J., C. Richard, and A. Vanstraelen, “Assessing France’s Joint Audit Requirement: Are Two Heads Better than One?” Auditing: A Journal of Practice and Theory (Fall 2009), Vol. 28, No. 2, pp. 35-63.

Francis, J., S. Huang, I. Khurana, and R. Pereira. 2009. "Does Corporate Transparency Contribute to Efficient Resource Allocation?" Journal of Accounting Research 47 (4): 943-989.

Francis, J., and M. Yu, "The Effect of Big Four Office Size on Audit Quality," The Accounting Review (September 2009), Vol. 84, No. 5, pp. 1521-1552.

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 (July 2008), Vol. 17, No. 2, pp. 331-360.

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. 157-191.

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 (March 2006), Vol. 46, No. 2, pp. 97-106.

Francis, J., I. Khurana, and R. Pereira. 2005. "Disclosure Incentives and Effects on Cost of Capital Around the World." The Accounting Review 80 (3): 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," Auditing: A Journal of Practice and Theory (Spring 2004), Vol. 23, No. 1, pp. 123-140.

Francis, J., I. Khurana, and R. Pereira. 2003. "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 10 (1): 1-30.

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., 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, No. 2, pp. 135-157.

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, pp. 375-400.  Awarded the "2010 Notable Contribution to Auditing Research" by the American Accounting Association.

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. Awarded the "2007 Notable Contribution to Auditing Research" by the American Accounting Association.

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.

Beck, M., J. Francis, and J. Gunn. “Public Company Audits and City-Specific Labor Characteristics.” Forthcoming at Contemporary Accounting Research.

DeFond, M., J. Francis and N. Hallman. “Awareness of SEC Enforcement and Auditor Reporting Decisions.” Forthcoming at Contemporary Accounting Research.

Francis, J., M. Mehta, and W. Zhao. “Consequences of Audit Office Reputation Shocks from the Gain or Loss of a Major Industry Clients.” Forthcoming at Contemporary Accounting Research.

Book

Accounting Theory: A Conceptual and Institutional Approach (Kent/South-Western Publishing Company, 1984-1992): 1st, 2nd and 3rd editions.