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Andreas Simon Associate Professor of Accounting

Andreas Simon, PhD, CPA

Associate Professor of Accounting
Graziadio Business School

Biography

Associate Professor of Accounting Dr. Andreas Simon focuses on empirical research in financial accounting, specifically on the role of accounting disclosures within the context of informed decision making. His work includes analyzing the relation between management’s forecasts during conference calls and the response by Wall Street Analysts, as well as how firm’s accounting policy choices influence stock price movements. Professor Simon's research on the factors of analyst success has been listed on Social Science Research Network's Top Ten download list for Capital Market and Market Efficiency Research. His published articles can be viewed in leading academic and practitioner journals, and have on multiple occasions received national recognition in congressional reports for the US House of Representatives and the US Senate, by the Center on Budget and Policy Priorities and the US Congress Joint Committee on Taxation. He was awarded the Julian Virtue Professorship in 2014-16 to support his research in alignment with the mission of Pepperdine University.

Prior to academia, Dr. Andreas Simon was a securities analyst for Landesbank AG, a major German bank, at the time of Germany’s transition from the deutsche Mark to the Euro. His responsibilities at Landesbank included working on that transition and measuring the impact of foreign-currency movements on equity portfolios, as well as helping investors preserve their capital in global terms. His subsequent position was as consultant for PriceWaterhouseCoopers, where he worked on driving the evolution of a new banking system in Germany. In particular, Dr. Simon advised on the implementation of the Basel Standards and the capital implications for banks. During the last several years, Dr. Simon has used his research expertise to advise investment research firms on financial reporting issues, and accounting-based trading strategies.

A passionate teacher, Dr. Simon was awarded the Howard A. White Award (Category 1) for Teaching Excellence in 2018. While serving on the faculty at the Orfalea College of Business, Cal PolyTech University, he was recognized with the Ernst & Young Outstanding Educator Award. At the Graziadio School, Professor Simon teaches in the MBA, DBA, MS in Applied Finance, MS in Global Business, and online programs. What sets him apart as a teacher is that: “At the center of my teaching is the desire for spiritual transformation of my students. The best way of doing this is to create an open learning environment. This means developing a place that is safe to ask questions, to have discussions, and to seek personal discovery in a Christian framework.”

A native from Berlin, Germany, Dr. Simon received his BA in accounting and finance from the University of Applied Sciences - Berlin, Germany. After several years in industry, he moved to Australia to receive his PhD in accounting from the University of Queensland (45 in the US News best Global Universities Ranking). His dissertation examined how growth in firm's earnings can be predicted. After moving to the US, Prof. Simon received postdoctoral training in accounting at the University of Michigan's Ross School of Business and UCLA's Anderson School of Management. Early in his career Dr. Simon served as a Ranger in the German Army (Deutsche Bundeswehr). When not on campus, Simon can be found mountain biking, surfing and spending time with his wife and two children.

Education

  • University of Queensland, UQ Business School, Brisbane Australia
  • Doctor of Philosophy in Business Administration (Accounting), March 2008
    Dissertation: "Essays on analysts' long-term earnings growth forecasts"
    Committee: Peter Clarkson (Chair), Irene Tutticci (co-chair), Russell Lundholm, and Julie Cotter

  • University of Applied Sciences, Berlin Germany
    Bachelor of Arts, Accounting and Finance

Kim, J.B., A. Nekrasov, A. Simon, and P. Shroff, 2018. Valuation Implications of Accounting Conservatism, Accepted: Contemporary Accounting Research

Heights, T., L. Faurel, and A. Simon, 2018. The Issuance and Informativeness of Management Long-term Growth Forecasts. In-Press: Accounting Horizons

Simon, A. and D.J. Stanley 2018, Andry Goodwill Impairment: Toshiba’s Acquisition of Westinghouse Sage Business Cases, Sage Publications (Jan. 2018)

Nowland, J. and A. Simon. 2017. Is Poor Director Attendance Contagious? Forthcoming: Australian Journal of Management

Brailsford, T., D. Marchesi, A. Simon, and I. Tutticci. 2017. The Determinants of Shares Repurchase Decisions in Australian Open-Market Buybacks. Advances in Quantitative Finance and Accounting,

Shanahan, D. and A. Simon. 2016. Andry Special Vehicles: Fuel for Growth. Sage Business Cases, Sage Publications (Sep. 2016)

Nowland, J. and A. Simon. 2015. Analysts’ Long-term Growth Forecasts and Stock Recommendations? Asia-Pacific Journal of Accounting and Economics, Vol. 22:2

Simon, A., 2015. Would You Bet Your Savings on Today’s Best Analyst? A Re-examination of Analysts’ Earnings Forecast Accuracy Persistence. The Business Review, 23:1

Simon, A. 2014. An analysis of persistence in analyst’s relative forecast accuracy. Applied Financial Economics, Vol. 24

Simon, A. and E.M VanWinkle. 2013. Skill vs. Luck on Wall Street. An Analysis of All-Star Analysts’ Stock Picks. Graziadio Business Review. Vol. 16 (3)

Simon, A. and A. Curtis. 2011. The Use of Earnings Forecasts in Stock Recommendations: Are Accurate Analysts More Consistent? Journal of Business Finance & Accounting, Vol. 38 (1, 2)

Nowland, J. and A. Simon. 2010. The Effect of a Change in Analyst Composition on Analyst Forecast Accuracy: Evidence from US Cross-listings. Journal of International Accounting Research, Vol. 9, No. 1

Mock, R. and A. Simon. 2010. Permanently Reinvested Earnings: Priceless. Australian Tax Forum, Vol. 25; Tax Notes Vol. 121. No. 7 (November 17, 2008 original publication)

Mock, R. and A. Simon. 2009. The LIFO, IFRS Conversion: An Explosive Concoction. Tax Notes. Vol. 123. No. 6

Clarkson, P., A. Nekrasov, A. Simon, and I. Tutticci. 2018. Target price forecasts: Fundamentals and behavioral factors.

  • Howard A. White Award (Category 1) for Teaching Excellence in 2018
  • Julian Virtue Professorship in 2015-17
  • Pepperdine Cross-School Collaborative Research Program- 2016-2018
  • Ernst & Young Outstanding Educator Award in 2010

2017

  • American Accounting Association Western Meeting Conference.
    Conference presentation on “The Issuance and Informativeness of Management Long- Term Earnings Growth Forecasts”
  • American Accounting Association Annual Meeting Conference.
    Conference presentation on “The Issuance and Informativeness of Management Long-Term Earnings Growth Forecasts”

2016

  • Financial Accounting Research Section Midyear Meeting
    Conference presentation on “Target Price Forecasts: Fundamental and Behavioral Factors”
  • Global Conference on Business and Finance
    Conference presentation on “Dedicated vs. Occasional Earnings Guidance”

2015

  • Pepperdine University, Graziadio Business School
    Presentation on “Target Price Forecasts: Fundamental and Behavioral Factors at GSBMs
  • Academic Forum American Accounting Association Western Meeting Conference.
    Conference presentation on “Target Price Forecasts: Fundamental and Behavioral Factors”
  • California Corporate Finance Conference
    Conference presentation on “Management Long-term Growth Forecasts”

2014

  • University of Mannheim, Germany
    Presentation on “Valuation Implications of Accounting Conservatism” in their Capital Market research seminar series: http://area1.bwl.uni mannheim.de/en/research/research_seminar/2014/
  • This research falls in the area of capital market based accounting research. For example, the paper I presented at University of Mannheim investigates how Wall Street analysts’ value publicly listed firms. This research could be expanded to private firms—the focus of Pepperdine’s Private Capital Markets Project.
  • Christians on the Diversity in the Academy
    Conference acceptance on “Good Shepherds and Good Steward” at Azusa PacificUniversity (co-presenter)

2013

  • University of Queensland, Australia
    Presentation on “Target Price Forecasts: Fundamental and Behavioral Factors at UQ’s Finance and Research Forum
  • Religious Faith Conference
    Conference acceptance on “Good Shepherds and Good Steward” at Utah Valley University (co-presenter)
  • American Accounting Association Annual Meeting
    Conference presentation on “Analysts’ Long-term Growth Forecasts and Stock Recommendations”
  • Pepperdine University, Graziadio Business School
    Presentation on “Target Price Forecasts: Fundamental and Behavioral Factors at GSBMs Academic Forum
  • Financial Accounting Research Section Midyear Meeting
    Conference presentation on “Analysts’ Valuation of Conservative Earnings in Estimating Target Prices”
  • PDT Partners, Hedge Fund in New York City
    I was invited to give a presentation on “Valuation Implications of Accounting Conservatism” to the head of equity research and the ‘long-term’ trading team

Innovation in Technology and Learning 2013 Grant
The grant was sponsored by Pepperdine, Offices of the Provost and the Chief Information Officer. Purpose of the grant was to investigate Web conferencing: Best practices to increase student interaction and collaboration during virtual office hours.

Provost Grant 2013
Provost Grant to attend and discuss a paper at a conference at my alma mater—UQ Business School, The University of Queensland. The 2013 Accounting & Finance Research Forum at UQ is an invite-only conference and reflects on current issues and research in the Accounting & Finance field. The conference was held from Wednesday, 4 December to Friday, 6 December 2013 in Brisbane, Australia.

Research Grant provided through Julian Virtue Research Grant 2014
I received funding of $5,000 and acquired the Factset database for our students and faculty. This is a $25,000 database, but I was able to get university-wide access for a lot less. FactSet offers access to data and analytics: U.S. and international public parent company historical and current financials, pricing, fixed income, global market, economic data, and more. Also includes deals, government, corporate, mortgage, money market, municipal, preferred, equity, commodity, index and currency issues.

  • "Subscriber scare shows Netflix needs strategic shift," Forbes (October 15, 2015) (Cited)
  • "The Repatriation Tax Trap," San Francisco Chronicle (Jan 15, 2012) (Cited)
  • Research in Accounting for Income Taxes, 53 Journal of Accounting and Economics 412 (February, 2012)(Cited)
  • "Repatriating Offshore Funds: 2004 Tax Windfall for Select Multinationals," U.S. Senate Subcommittee (October 11, 2011) (Cited)
  • "America Loses: Corporations That Take ‘Tax Holidays’ Slash Jobs," Institute for Policy Studies (October 3, 2011) (Cited)
  • "Issues in U.S. Taxation of Cross-Border Income," Joint Committee on Taxation (September 6, 2011) (Cited)
  • "Corporate America Untaxed: Tax Avoidance on the Rise," The Greenling Institute (August, 2011) (Cited)
  • "The Benefits for the U.S. Economy of a Temporary Reduction on the Repatriation of Foreign Subsidiary Earnings," BRG Working Papers (Fall, 2011) (Cited)

Topics

  • Advanced Financial Accounting
  • Accounting Information and Control Systems
  • Accounting for Multinational Enterprises
  • Education to Business Accounting
  • Business Analysis using Financial Statements
  • Strategic Issues in Accounting and Finance

Courses

  • ACCT 591 Financial Accounting
  • ACCT 601 Advanced Financial Accounting
  • ACCT 603 Accounting for Multinational Enterprises
  • ACCT 605 Education to Business Accounting
  • ACCT 652 Accounting for Information and Control Systems
  • FINC 664 Business Analysis using Financial Statement Analysis
  • FINC 620 Strategic Issues in Finance