Darren T. Roulstone. Analyst Following and Market Liquidity (Contemporary Accounting Research, Volume 20 No. 3, )

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1 Darren T. Roulstone Fisher College of Business The Ohio State University Neil Avenue, Columbus, OH (614) Fax: (614) EDUCATION The University of Michigan, Ann Arbor, Michigan Ph.D. in Business Administration (Accounting Emphasis) July 2000 Brigham Young University (BYU), Provo, Utah M.Acc. in Accounting Information Systems April 1995 B.S. in Accounting April 1995 RESEARCH PAPERS Evidence on the Non-linear Relation between Insider Trading and Future Earnings Information. (With Joseph Piotroski; Journal of Law, Economics, and Policy, Volume 4, No. 2) Do Insider Trades Reflect Both Contrarian Beliefs and Superior Knowledge of Future Cash Flow Realizations? (With Joseph Piotroski; Journal of Accounting and Economics, Volume 39 No. 1, 55-82) The Influence of Analysts, Institutional Investors, and Insiders on the Incorporation of Market, Industry, and Firm-Specific Information into Stock Prices. (With Joseph Piotroski; Accounting Review, Volume 79 No. 4, ) The Relation Between Insider-Trading Restrictions and Executive Compensation. (Journal of Accounting Research, Volume 41 No.3, ) Analyst Following and Market Liquidity (Contemporary Accounting Research, Volume 20 No. 3, ) Effect of SEC Financial Reporting Release No. 48 on Derivative and Market Risk Disclosures (Accounting Horizons, Volume 13 No. 4, ) Insider Trading and the Information Content of Earnings Announcements. Working Paper (under revision for resubmission to Journal of Accounting Research) Analyst Initiations of Coverage and Stock-Return Synchronicity. With Steven Crawford and Eric So; Working Paper (revise and resubmit at the Accounting Review) The Effects of Insider Trading Regulation on Trade Timing, Litigation Risk, and Profitability. With Alan Jagolinzer; Working Paper Idiosyncratic Risk and Corporate Transactions. With Itzhak Ben-David; Working Paper Are Stock Acquirers Overvalued? Evidence from Short-selling Activity. With Itzhak Ben- David and Michael Drake; Working Paper Googling for Earnings Information: Investigating the determinants and consequences of search. With Michael Drake and Jake Thornock, Work-in-progress

2 WORK EXPERIENCE Ohio State University-Fisher College of Business (Fisher) Associate Professor of Accounting July 2008-present Director of the Accounting and Management Information Systems Doctoral Program September 2008-present (Booth) Associate Professor of Accounting July 2004-June 2008 Assistant Professor of Accounting July 2000-June 2004 The University of Michigan Graduate Research Assistant and Graduate Instructor PricewaterhouseCoopers L.L.P. National Office Research Intern, Jersey City, New Jersey Summer 1998 Brigham Young University Graduate Instructor; Research and Teaching Assistant West Coast Energy Inc. Plant Engineer-Taylor, B.C. Gas Processing Plant , Summer 1992 The Church of Jesus Christ of Latter-day Saints Church Representative: Canada-Halifax Mission ACADEMIC HONORS Centel Foundation/Robert P. Reuss Scholar Booth Ernest R. Wish Accounting Research Award Booth 2002 Trueblood Seminar Participant 2003 Big 10 Doctoral Consortium Fellow 1998 PricewaterhouseCoopers Scholar University of Michigan William A. Paton Accounting Fund Fellowship University of Michigan UMBS Graduate Fellowship University of Michigan Graduation with High Distinction BYU 1995 Graduate Student of the Year BYU, School of Accounting and Information Systems 1995 Phi Kappa Phi BYU 1994

3 PROFESSIONAL AFFILIATIONS AND ACTIVITIES American Accounting Association (AAA), American Finance Association Editorial Board, Journal of Accounting Research, 2004-present Editorial Board, The Accounting Review, 2005-present Editorial Board, Contemporary Accounting Research, 2010-present Ad hoc referee for Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Review of Accounting Studies, Contemporary Accounting Research, Journal of Accounting, Auditing, and Finance, Journal of Accounting and Public Policy, Journal of Contemporary Accounting and Economics, Accounting Horizons, Journal of Finance, Review of Financial Studies, Financial Management, Journal of Law and Economics, European Journal of Law and Economics, Economic Systems Research, Review of Accounting and Finance, AAA Annual, Mid-Year, and Ohio Regional Meetings INVITED PRESENTATIONS 2000-Brigham Young University, Cornell University, Duke University, University of Rochester, University of Pennsylvania (Wharton), University of Chicago, Pennsylvania State University, University of California at Davis, University of North Carolina-Chapel Hill 2001-Northwestern University (Kellogg) 2002-University of Illinois at Chicago, London Business School Accounting Symposium, New York University, Brigham Young University, Washington University Financial Mini-conference 2003-University of Arizona, Massachusetts Institute of Technology, University of Iowa 2004-Harvard University, Brigham Young University Accounting Research Symposium 2005-University of California-Los Angeles, University of Notre Dame, Duke/UNC Fall Camp, Stanford University, University of Arizona 2006-Southern Methodist University, SUNY-Buffalo, University of British Columbia 2007-University of Florida, George Mason University (Law School) Insider Trading Symposium, University of Illinois, University of Wisconsin, The Ohio State University, Northwestern University (Kellogg), Washington University (Olin), University of California- Irvine, Dartmouth College (Tuck), University of Toronto 2008-University of Minnesota, Texas A&M University, Rice University 2009-MIT University of Colorado, University of Missouri

4 CONFERENCE ATTENDANCE AAA Annual Meeting , Presenter (2000, 2002), Discussant (2005) Moderator (2009) FARS-Midyear Meeting 2009 (Session Chair), 2010 Journal of Accounting Research Conference Journal of Accounting and Economics Conference , London Business School Accounting Symposium 2002 (Presenter), 2005 Washington University Financial Mini-Conference 2002 (Presenter) Contemporary Accounting Research Conference 2003 Penn State University Accounting Research Symposium 2005, 2009 Brigham Young University Accounting Research Symposium 2004 (Presenter) Journal of Accounting, Auditing, and Finance Conference 2005, 2007 (Discussant), 2008 University of Utah Winter Conference 2006 CARE FSA Conference 2006, 2010 FASB-AAA Conference 2006 George Mason University Law School Insider Trading Symposium 2007 (Presenter) Toronto Accounting Research Conference 2007, 2009 Accounting Doctoral Scholars Conference 2008 Review of Accounting Studies Conference 2008 University of Minnesota Empirical Conference 2008 Harvard Business School Information, Markets, and Organizations Conference 2009 University of Michigan Kapnick Accounting Conference 2010 TEACHING EXPERIENCE Managerial Accounting (Undergraduate) BYU 1994 Financial Accounting (MBA, undergraduate) Booth ; (MBA) Fisher 2009-present Financial Statement Analysis (MBA) Booth ; Fisher 2009 Seminar in Capital Markets Research (PhD) Fisher 2009-present DOCTORAL STUDENTS SUPERVISED Reining Chen (member of dissertation committee; Fisher) Placement: MIT 2009 Wendy Heltzer (member of dissertation committee; Booth) Placement: DePaul University 2006 Lawrence Takeuchi (member of dissertation committee; Booth) 2010

5 REFERENCES Professor Anne Beatty (614) Deloitte and Touche Professor of Accounting Fisher College of Business The Ohio State University 2100 Neil Avenue Columbus, OH Professor Abbie J. Smith (773) Boris and Irene Stern Professor of Accounting Chicago, IL Professor Ray Ball (773) Sidney Davidson Professor of Accounting Chicago, IL Professor Raffi Indjejikian (co-chair dissertation committee) (734) Robert L. Dixon Collegiate Professor of Accounting University of Michigan Ross School of Business 701 Tappan Street Ann Arbor, MI Professor Douglas J. Skinner (co-chair dissertation committee) (773) John P. and Lillian A. Gould Professor of Accounting Chicago, IL

2100 Neil Avenue, Columbus, OH 43210 (614) 292-1822 Fax: (614) 292-2118

2100 Neil Avenue, Columbus, OH 43210 (614) 292-1822 Fax: (614) 292-2118 4BDarren T. Roulstone Fisher College of Business roulstone.1@osu.edu The Ohio State University http://fisher.osu.edu/~roulstone_1 2100 Neil Avenue, Columbus, OH 43210 (614) 292-1822 Fax: (614) 292-2118

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