SOK-HYON KANG EDUCATION ACADEMIC APPOINTMENTS RESEARCH

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1 SOK-HYON KANG Professor of Accountancy School of Business The George Washington University Funger Hall, Suite 601, Washington DC phone: (202) , fax: (202) EDUCATION Ph.D., 1989 MBA., 1984 B.S., 1973 Sloan School of Management, Massachusetts Institute of Technology (Defended Oct. 1988) Anderson School of Management, University of California, Los Angeles School of Engineering, Seoul National University ACADEMIC APPOINTMENTS Jan July 2013 July Aug June 2002 Jan June 2000 July Dec Sept June RESEARCH REFEREED PUBLICATIONS Vice Dean for Faculty and Research, the George Washington School of Business (GWSB) Professor, GWSB Associate Professor, GWSB Visiting Associate Professor, Yale School of Management Associate Professor, Graduate School of Industrial Administration (GSIA), Carnegie Mellon University Assistant Professor, GSIA, Carnegie Mellon University William Baber, Sok-Hyon Kang, Lihong Liang, and Zinan Zhu. External Corporate Governance and Misreporting, Accepted for publication, Contemporary Accounting Research. 1

2 Baber, William, Sok-Hyon Kang, and Ying Li. Modeling Discretionary Accrual Reversal and the Balance Sheet as Earnings Management Constraint, The Accounting Review. Vol. 86, No. 4. July (2011): Kang, Sok-Hyon, and Yuping Zhao. Information Content and Value Relevance of Depreciation: A Cross-Industry Analysis, The Accounting Review. Vol. 85, No. 1., January (2010): Kang, Sok-Hyon, Praveen Kumar, and Hyunkoo Lee. Agency and Corporate Investment: The Role of Executive Compensation and Corporate Governance. Journal of Business. Vol. 79, No. 3. May (2006): Baber, William, Shuping Chen, and Sok-Hyon Kang. Stock Price Reaction to Evidence of Earnings Management: Implications for Supplementary Financial Disclosure. Review of Accounting Studies. Vol. 11. No. 1. March (2006): Cyert, Richard, Sok-Hyon Kang, and Praveen Kumar. Corporate Governance, Takeovers, and Top Management Compensation: Theory and Evidence. Management Science. Vol. 48, No. 4. April (2002): Baber, William, and Sok-Hyon Kang. The Impact of Split Adjusting and Rounding on Analysts Forecast Error Calculations. Accounting Horizons. Vol. 16, No. 4. December (2002): Baber, William, Sok-Hyon Kang, and Krishna Kumar. The Explanatory Power of Earnings Levels Versus Earnings Changes in the Context of Executive Compensation." The Accounting Review. Vol. 74, No. 4. October (1999): Baber, William, Sok-Hyon Kang, and Krishna Kumar. Accounting Earnings and Executive Compensation: the Role of Earnings Persistence." Journal of Accounting and Economics. Vol. 25, No. 2. (1998):

3 Cyert, Richard, Sok-Hyon Kang, and Praveen Kumar. Managerial Objectives and Firm Dividend Policy: A Behavioral Theory and Empirical Evidence." Journal of Economic Behavior and Organization. Vol. 31. No. 2. (1996): Baber, William, and Sok-Hyon Kang. "Estimates of Economic Rates of Return for the U. S. Pharmaceutical Industry, " Journal of Accounting and Public Policy. Vol. 15, No. 4. Winter (1996): Baber, William, Surya Janakiraman, and Sok-Hyon Kang. "Investment Opportunities and the Structure of Executive Compensation." Journal of Accounting and Economics. Vol. 21, No.3. (1996): Baber, William, Yuji Ijiri, and Sok-Hyon Kang. Profit-Volume-Exchange Rate Analysis for Planning International Operations. Journal of International Financial Management and Accounting. Vol. 7, No. 2 (1996): Reprinted in Multinational and International Accounting, A. Belkaui (ed.) Greenwood Publishing (2000). Kang, Sok-Hyon and Konduru Sivaramakrishnan. "Issues in Testing Earnings Management: An Instrumental Variable Approach." Journal of Accounting Research. Vol. 33, No. 2. Autumn (1995): Kang, Sok-Hyon, John O'Brien, and Konduru Sivaramakrishnan. "Analysts' Interim Earnings Forecasts: Evidence on Forecasting Process." Journal of Accounting Research. Vol. 31, No. 1. Spring (1994): Kang, Sok-Hyon. "A Conceptual Framework for Stock Price Effects of LIFO Tax Benefits," Journal of Accounting Research. Vol. 31, No. 1. Spring (1993): Healy, Paul, Sok-Hyon Kang, and Krishna Palepu. "The Effect of Accounting Procedure Change on CEO's Cash Salary and Bonus Compensations." Journal of Accounting and Economics. Vol. 9, No. 1. (1987): 7-34: Reprinted in The Economics of Accounting Policy Choices, Ray Ball and Clifford Smith Jr., (eds.) (1992). McGraw-Hill 3

4 WORKING PAPERS Ying Li Compton, Sok-Hyon Kang, and Zinan Zhu. Political Conservatism, Sexism, and Gender Disparity in Corporate Director Appointment. Ying Li Compton, Sok-Hyon Kang, and Zinan Zhu. Red vs. Blue: Does Female Board Membership Differ Between Red and Blue States? (a summary paper). Sok-Hyon Kang and Zinan Zhu. Information Content of Earnings Management. INVITED ARTICLES AND PUBLICATIONS IN BOOKS AND MONOGRAPHS Fuerst, Oren, and Sok-Hyon Kang. Corporate Governance, Expected Operating Performance, and Pricing. Corporate Ownership and Control, Vol. 1, Issue 2 (2004): Kang, Sok-Hyon, and Praveen Kumar. Corporate Governance, CEO Compensation, and the Theory of the Firm. The Economics of Change, Choice, and Structure: Essays in the Memory of Richard M. Cyert: Mie Augier and James G. March (eds.): Cheltenham, UK: Edward Elgar Publishing, Ltd., (2002): "Pharmaceutical R&D: Costs, Risks, and Rewards," Office of Technology Assessment (U.S. Congress), February Baber, William, and Sok-Hyon Kang. Research and Development. Encyclopedia of Accounting: A. Rashad Abdel-khalik (ed.). WORK IN PROGRESS Analysis of Discretionary Accrual Reversal and the Impact on Financial Statement, UNPUBLISHED RESEARCH REPORTS A Conceptual and Empirical Evaluation of Discretionary Accrual Estimation Methods. 4

5 Financial Analyses of the U.S., Japanese, and Korean Steel Industries: An Investigation of Global Competitiveness (with William Baber and Yuji Ijiri), 1994; prepared for Sloan Foundation s Study on Steel Industry s Global Competitiveness. TEACHING, EDUCATION, AND SERVICE Doctoral Thesis Supervision (initial placement, year completed) Yuping Zhao (chair, Univ. of Houston 2011) Zinan Zhu (chair, National University of Singapore 2010) Yujin Jeong (committee member, HEC Montreal 2010) Lucy Lim (committee member, co-chair, Howard University 2010) Karen Kitching (committee member, George Mason University 2007) Liping Zhang (committee member, University of Cincinnati 2006) Patricia Derrick (committee member, Salisbury State University 2005) Young K. Park (committee member, University of Illinois at Chicago 1998) Hyunkoo Lee (chair, Hong Kong University of Science and Technology 1998) Anish Shah (committee member, The Bain Group 1996) Jinbae Kim (chair, Boston University 1996) Mary Martha Margiotta (committee member, University of British Columbia 1992) Chin S. Ou (committee member, Private Sector 1993) Courses designed, developed, and taught ACCY 6106 Financial Statement Analysis (George Washington University) ACCY 201 Financial Accounting (George Washington University) Evaluation of Financial Information (Carnegie Mellon University) PPM812 Financial Statement Analysis (Yale University) PPM813 Advanced Financial Statement Analysis (Yale University) Graduate Teaching 5

6 GWU: Financial Statement Analysis Average teaching rating ( )*: Q19 (instructor) = 4.65/5.00; Q20 (course)=4.71/5.00 Financial Accounting Average teaching ratings: N.A.* (*GWSB adopted the uniform teaching evaluation system in 2004) Ph.D. Seminar Yale: CMU: Financial Statement Analysis Advanced Financial Statement Analysis Financial Accounting Evaluation of Financial Information Empirical Research in Accounting (Ph.D.) Undergraduate Teaching CMU: Financial Accounting Teaching Cases Developed [date written] Full Cases Debt Rating for Five Unknown Companies [ ] In Search of the Real EPS [2002] Financial Detective: The Case of the Mysterious Industries [ ] (Original idea due to Professor Clyde Stickney) Dollar General: An Analysis of Accounting Failure [2002]. America Online [1993, 1996] 6

7 Cash flows or Earnings? [versions 1993, 1994, 2008, 2010]. Short Cases (compilation of data and description of the firm) Best Buy vs. Circuit City Stores [ ], CVS vs. Walgreens [ ], Frontier Healthcare [1998], Jupiter Finance Company [1998], Ebay [1998], Software Magic, Inc. [1996], Freddie s Goodies [1994], Marcy s Department Store [1994]. Service within GWSB Vice Dean for Faculty and Research Dean Search Committee Chair, Appointment, Promotion, and Tenure Committee (GWSB Accountancy) University Research Committees Chair, Recruiting Committee (GWSB Accountancy) , 2009 Research Committee (GWSB) Dean s Council Member (GWSB) Ph.D. Coordinators (GWSB) Curriculum Committees (GWSB) PROFESSIONAL ACTIVITIES Editorial Roles Reviewer: The Accounting Review, Journal of Accounting Research, Review of Accounting Studies, Contemporary Accounting Research, Journal of Accounting, Auditing, and Finance, Journal of Accounting and Public Policy, Financial Review, Corporate Governance: International Review. Journal of Management Accounting Research. Editorial Board: The Accounting Review, Invited Talks Georgetown University [2014] National Singapore University [2010] 7

8 Korea University [2010] George Mason University [2008] George Washington University [2008] American University [2005] George Washington University [2003] University of Houston [2003] Rutgers University [2003] University of Cincinnati [2002] Dartmouth College [2000] George Washington University [2000] Penn State University [2000] Tulane University [2000] Washington University, St. Louis [2000] Texas A&M University [2000] Boston University [1999] George Washington University [1999] Harvard University [1999] Yale University [1999] Columbia University [1998] New York University [1997] Yale University [1997] University of Maryland [1996] Georgetown University [1995] Massachusetts Institute of Technology [1992] University of California, Los Angeles [1991] University of Alberta [1988] University of California, Berkeley [1988] Carnegie Mellon University [1988] Columbia University [1988] University of Chicago [1988] University of Rochester [1988] 8

9 Conference Presentations American Accounting Association Mid-Atlantic Meeting Doctoral Consortium, April American Accounting Association Conference, August European Accounting Association Conference, May European Accounting Association Conference, May American Accounting Association Conference, August American Accounting Association Conference, August American Accounting Association Conference, August 1995 (Discussant). Management Accounting Conference, October Management Accounting Conference, October 1995 (Moderator). American Accounting Association Conference, August American Accounting Association Conference, August 1992 (Discussant). American Economic Association Conference, January American Accounting Association Conference, August American Finance Association Conference, December Conference for the costs and returns to pharmaceutical R&D, Office of Technology Assessment, U.S. Congress. September, HONORS AND AWARDS 2006, 2010 GWSB Dean s Scholar 2004 GWSB Crane Scholar 1996 Weil Prize (Best problem-solving paper awarded to a non-tenured faculty member), Graduate School of Industrial Administration (GSIA), Carnegie Mellon University. "Estimates of Economic Rates of Return for the U. S. Pharmaceutical Industry, " (with William Baber) Zenon and Clotilde Zannetos Award (Best Ph.D. Dissertation), Sloan School of Management, Massachusetts Institute of Technology Delloitte Haskins+Sells Fellow 1986 AAA Doctoral Consortium Fellow 1984 Edward M. Carter Fellow (Top two percent of the graduating MBA class), University of California, Los Angeles 9

10 CONSULTING Office of Technology Assessment, the United States Congress. Rate of Returns to the U.S. Pharmaceutical Industry Co-consultant: William Baber. GRANTS AND CONTRACTS Steel Industry s Global Competitiveness: Study on Comparative Financial Analysis. Sponsor: Alfred P. Sloan Foundation. July June 1994 (Principal Investigator: Yuji Ijiri). July June 1997 (Principal Investigator: Richard Cyert). Faculty Development Grant, CMU: 1989, PROFESSIONAL MEMBERSHIPS American Accounting Association Beta Gamma Sigma 10