University of Texas at Austin
McCombs School of Business McCombs School of Business
https://secure.mccombs.utexas.edu/incs_photos/25.jpg

Michael Clement

Department Chair, Accounting

Department: Accounting

Additional Titles: KPMG Centennial Professor of Accounting

Contact Information

CBA 4M.242

Biography Michael Clement, KPMG Centennial Professor of Accounting,
received his B.B.A. from Baruch College, his
M.B.A. from the University of Chicago, and his
Ph.D. from Stanford University. His research and
teaching interests include financial accounting
and capital markets.
Publications
Michael B. Clement, Joonho Lee, and Kevin Ow Yong. 2019. A New Perspective on Post-earnings-announcement-drift: Using a Relative Drift Measure. Journal of Business Finance and Accounting 46(9/10), 1123-1143.
Lawrence D. Brown, Andrew C. Call, and Michael B. Clement. 2019. Managing the Narrative: Investor Relations Officers and Corporate Disclosure. Journal of Accounting and Economics 67(1), 58-79.
Lawrence D. Brown, Andrew C. Call, Michael B. Clement, and Nathan Y. Sharp. 2016. The Activities of Buy-Side Analysts and the Determinants of their Stock Recommendations. Journal of Accounting and Economics 62(1), 139-156.
Lawrence D. Brown, Andrew C. Call, Michael B. Clement, and Nathan Y. Sharp. 2015. Inside the 'Black Box' of Sell-Side Financial Analysts. Journal of Accounting Research 53(1), 1-47.
Michael B. Clement, Jeffrey W. Hales, and Yanfeng Xue. 2011. Understanding Analysts' Use of Stock Returns and Other Analysts' Revisions When Forecasting Earnings. Journal of Accounting and Economics 51(3), 279-299.
James D. Westphal and Michael B. Clement. 2008. Sociopolitical Dynamics in Relations Between Top Managers and Security Analysts: Favor Rendering, Reciprocity, and Analyst Stock Recommendations. Academy of Management Journal 51, 873-897.
Michael B. Clement, Lisa Koonce, and Thomas Lopez. 2007. The Role of Task-Specific Forecasting Experience and Innate Ability in Understanding Analyst Forecasting Performance. Journal of Accounting and Economics 44, 378-398.
Michael B. Clement and Tse, Senyo Y.. 2005. Financial Analyst Characteristics and Herding Behavior in Forecasting. Journal of Finance 60, 307-341.
Michael B. Clement, Abby Joseph Cohen, and Katerina Shaustyuk. 2004. 2004 Dividend Preview: Are Larger Dividends Around the Corner? Goldman Sachs Investment Research.
Michael B. Clement, Abby Joseph Cohen, Michael A. Moran, Katerina Shaustyuk, Nathan Swem, and et al. 2004. Share-based Payments Back in the Spotlight. Goldman Sachs Investment Research.
Michael B. Clement, Richard Frankel, and Jeffrey Miller. 2003. Confirming Management Earnings Forecasts, Earnings Uncertainty, and Stock Returns. Journal of Accounting Research 41.
Tse, Senyo Y. and Michael B. Clement. 2003. Do Investors Respond to Analysts' Forecast Revisions as if Forecast Accuracy is All that Matters? The Accounting Review 78, 227-249.
Michael B. Clement, Lynn Rees, and Edward P. Swanson. 2003. The Influence of Culture and Corporate Governance on the Characteristics That Distinguish Superior Analysts. Journal of Accounting, Auditing and Finance 18, 593.
Michael B. Clement, Lynn Rees, and Edward Swanson. 2003. The Influence of Culture and Corporate Governance on the Characteristics that Distinguish Superior Analysts. Journal of Accounting, Auditing, and Finance 18, 593-609.
Michael B. Clement. 1999. Analyst Forecast Accuracy: Do Ability, Resources, and Portfolio Complexity Matter? Journal of Accounting and Economics 27, 285-303.
Mary E. Barth, Michael B. Clement, George Foster, and Ron Kasznik. 1998. Brand Values and Capital Market Valuation. Review of Accounting Studies 3, 41-68.
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Academic Leadership and Awards
Professional Awards
KPMG Faculty Fellowship in Accounting Education2007
Ernst & Young Inclusive Excellence Award2009
National Black MBA Association Doctoral Fellowship1996
KPMG Peat Marwick Doctoral Fellowship1996
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Teaching Awards
MBA Faculty Honor Roll, Fall 2006
CBA Foundation Research Excellence Award for Assistant Professors, 2003-2004
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