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1 ILIA D. DICHEV Home: Office: 475 Pensdale Rd Goizueta Business School Decatur, GA Emory University (404) Clifton Rd Atlanta, GA (404) Appointments 2009 present Goizueta Chair and Professor of Accounting, Goizueta Business School, Emory University Professor of Accounting, Ross School of Business, University of Michigan Associate Professor of Accounting, Ross School of Business Assistant Professor of Accounting, Ross School of Business Assistant Professor of Accounting, Rice University Education , University of Washington, Graduate School of Business, Doctor of Philosophy in Business Administration (Accounting) , Santa Clara University, B.S., major in finance , Karl Marx Institute of Economics, Sofia, Bulgaria. Honors and Awards Distinguished Contribution to the Accounting Literature Award, 2015 Emerald Citation of Excellence 2007 (one of top-50 selections out of 15,000 articles published in journals in economics and business) Michael and Joan Sakkinen Accounting Scholar, Notable Contribution to the Accounting Literature Award, 2002 Norman Auerbach-PricewaterhouseCoopers Faculty Fellow, Sanford Robertson Assistant Professorship in Business Administration, (Ross School junior faculty research award) Deloitte & Touche Doctoral Fellow, University of Washington, Isabel Jones Prize, 1991 (top business student, Santa Clara University) The Wall Street Journal Award, 1991 Refereed Publications: "Earnings, adaptation, and equity value", with David Burgstahler, The Accounting Review 72 (April 1997), "Earnings management to avoid earnings decreases and losses", with David Burgstahler, Journal of Accounting and Economics 24 (December 1997), Is the risk of bankruptcy a systematic risk?, The Journal of Finance 53 (June 1998), How good are business school rankings?, The Journal of Business 72 (April 1999),

2 The performance of long-run stock returns following issues of public and private debt, with Joseph Piotroski, Journal of Business Finance and Accounting 26 (November/December 1999), The long-run stock returns following bond ratings changes, with Joseph Piotroski, The Journal of Finance 56 (February 2001), News or noise? Estimating the noise in the U.S. News university rankings, Research in Higher Education 42 (June 2001), Large-sample evidence on the debt covenant hypothesis, with Douglas Skinner, Journal of Accounting Research 40 (September 2002), The quality of accruals and earnings: The role of accrual estimation errors, with Patricia Dechow, The Accounting Review 77 (Supplement 2002), Lunar cycle effects in stock returns, with Troy Janes, Journal of Private Equity 6 (Fall 2003), What are stock investors actual historical returns? Evidence from dollar-weighted returns, American Economic Review 97 (March 2007), Matching and the changing properties of accounting earnings over the last 40 years, with Vicki Wei Tang, The Accounting Review 83 ( November 2008), On the balance sheet-based model of financial reporting, Accounting Horizons 22 (4), December 2008, Earnings volatility and earnings predictability, with Wei Tang, Journal of Accounting and Economics 47 (1-2), March 2009, Higher risk, lower returns: What hedge fund investors really earn, with Gwen Yu, Journal of Financial Economics 100 (2), May 2011, Growth and accounting choice, with Feng Li, Australian Journal of Management 38 (2), August Earnings quality: Evidence from the filed, with John Graham, Cam Harvey, and Shiva Ragopal, Journal of Accounitng and Economics 56, 2013, The dark side of trading, with Kelly Huang and Dexin Zhou, Journal of Accounting, Auditing, and Finance 29 (4), 2014, The misrepresentation of earnings, with John Graham, Cam Harvey, and Shiva Rajgopal, forthcoming in Financial Analysts Journal. Non-refereed publications Discussion of The differential persistence of accruals and cash flows for future operating income versus future profitability, Review of Accounting Studies 8 (June/September 2003), Comment on The Financial Times business schools ranking: What quality is this signal of quality?, European Management Review 5 (Winter 2008), The return experience of hedge fund investors, The World Financial Review, September-October 2011, Working Papers: Explaining the changing properties of GAAP earnings: Insights from comparing GAAP to NIPA earnings, July 2015 Accrual duration, July 2015 On the conceptual foundations of accounting, July

3 Note: You can access most of my working papers and older versions of the published papers on the Social Science Research Network (SSRN) through the following link: Teaching Experience Emory University Ph.D. Seminar on Capital Markets research in Accounting. Corporate Financial Reporting B (BBA Intermediate Accounting) Financial Statement Analysis (MBA) University of Michigan Ph.D. Seminar on Capital Markets research in Accounting. Corporate Financial Reporting (Intermediate Accounting), MBAs and MACCs. Financial Statement Analysis and Valuation, MBAs and undergraduates. Others Financial statement analysis MBA class at Rice University. Introductory accounting undergraduate class at Rice University. ll introductory undergraduate managerial and financial accounting classes at the University of Washington, mostly as a teaching assistant. Department and School Service Laney Graduate School Appointments Committee, 2014-present Goizueta Research Committee, Director of the Goizueta PhD program in Accounting, Goizueta Docotoral Committee member, Goizueta Personnel Committee, , Ross Community Values Committee member, Director of the Ross PhD program in Accounting, Ross Doctoral Committee member, Ross Research Committee member, Dissertation Committees Service Accounting (first appointment): Troy Janes (SUNY Buffalo) Jeffrey Doyle (University of Utah) Sarah McVay (NYU) Wei Tang (Georgetown University) Judson Caskey (UCLA) Peter Demerjian (Emory University) Kyle Peterson (University of Oregon) Lian Fen Lee (Boston College) Gwen Yu (Harvard University) Kelly Huang (University of Alabama) Maria Wieczynska (Arizona State) Jivas Chakravarthy (Chapman University) Jing Zhao (Hong Kong Polytechnic University) Mengyao Cheng (Boston College) 3

4 Others (major): Brian Boyer (finance) Radhakrishnan Gopalan (finance) Howard Rivenson (public health) Kristin Reiter (public health) Simone Rauscher (public health) Mark Rachwalski (finance) Dexin Zhou (finance) August 28, 2015 Professional Service Associate editor, Accounting section of Management Science, Member of the Editorial and Advisory Board of The Accounting Review, (with two sizable interruptions), Ad hoc reviewer for The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, The Journal of Finance, Journal of Financial Economics, Review of Financial Studies, American Economic Review, Management Science, Journal of Business, Review of Accounting Studies, Contemporary Accounting Research, Journal of Financial and Quantitative Analysis, Journal of Accounting, Auditing, and Finance, Accounting Horizons, Journal of Corporate Finance, Journal of Empirical Finance, The Journal of Business Finance and Accounting, Review of Asset Pricing Studies, Financial Services Review, Managerial Finance, Journal of Behavior Decision Making. Member of the AAA s Screening Committee to Nominate Notable Contributions to the Accounting Literature, Member of the FARS Best Manuscript Award Committee, Co-chair of the 2012 AAA Doctoral Consortium Committee, Lake Tahoe Reviewer for many AAA and FARS meetings, one textbook, seventeen tenure cases, six other promotions, three grant applications for the Hong Kong Research Council. Presentations 1995 Rutgers University, UCLA, Rice University, M.I.T., University of Michigan, Seattle Society of Financial Analysts, Southern Methodist University Houston Society of Financial Analysts, AAA Annual Conference (Chicago), 7 th Annual Conference on Financial Economics and Accounting (Rutgers University) Penn State University, University of Michigan, University of Michigan (finance brownbag) New York University, UC Berkeley, University of Michigan (finance brownbag), University of North Carolina - Duke University Fall Research Camp, Columbia University, University of Michigan (Hosmer lunch), Wharton University of Washington, University of Chicago, Carnegie Mellon University University of Texas (Austin), Michigan State University, University of Minnesota, University of Michigan, University of Michigan Quality of Earnings mini-conference (discussant) Northwestern University, University of Michigan, Charles Schwab Institutional Investor Speaker Series (Web and telephone-based presentation), Big 10+ Research Conference (Iowa), AAA Annual Conference (Atlanta), 12 th Annual Conference on Financial Economics and Accounting (Rutgers University), University of Arizona, 4

5 University of Michigan (Hosmer lunch), Indiana University, University of Michigan Decision Consortium Seminar, UCLA, University of Maryland Quality of Earnings Conference (sponsored by AAA and The Accounting Review), AAA Annual Conference (San Antonio), Harvard University, CUNY-Baruch, Temple University, Washington University, RAST Conference (discussant) University of Oregon, University of Michigan (finance brownbag), University of Michigan (accounting workshop) 2004 University of Michigan (Hosmer lunch), Columbia University, Cornell University, University of Minnesota, University of Manchester, London Business School, IESE Business School (Barcelona), 15 th Annual Conference on Financial Economics and Accounting (University of Southern California) University of Michigan, Doctoral Consortium at the FARS Mid-year Conference, University of North Carolina, Emory University, University of Rochester Doctoral Consortium at the FARS Mid-year Conference, FARS Mid-year Conference (discussant), Texas Christian University, University of Colorado (Boulder), University of Michigan, University of Waterloo University of Washington, AAA Annual Conference (Chicago), Journal of Accounting and Economics Conference, Emory University University of Texas (Austin), Emory University (mini PhD seminar), University of Georgia, University of Michigan (finance brownbag), Georgia State University Ross West Coast Alumni, Arizona State University, UC-Berkeley, Barclays Global Investors (San Francisco), Stanford Summer Camp (discussant), University of Economics, Varna, Bulgaria (three-day seminar on quantitative research in accounting), University of Cyprus, Northwestern University UT Dallas, Yale University, Florida State University, Southern Methodist University, University of Pennsylvania, Washington University (St. Louis), Nordic Conference on Financial Accounting (plenary address and doctoral consortium presentation), Norwegian School of Economics and Business Administration (NHH) Hong Kong University of Science and Technology, Singapore Management University, Duke University, University of Chicago, University of Southern California 2012 University of Technology (Sydney), University of Melbourne, Stanford Summer Camp, Virginia Commonwealth University, Cass Business School, London School of Economics 2013 Indiana University, University of Missouri (Columbia), Waseda University, Kyoto University, Fudan University, Tsinghua University 2014 HEC (Paris), University of Mannheim, University of Munich, AAA Annual Meeting (Atlanta), Dartmouth University, Conference on Financial Economics and Accounting (discussant) 2015 Rice University Popular Media Citations The Wall Street Journal (five times), New York Times (three times), The Economist (three times), Forbes (twice), Money (three times), Smart Money (three times), Financial Times (eight times), Fortune, Barron s, Time, CNBC, National Public Radio, Kiplinger, Harvard Business Review (twice), Chicago Tribune, Atlanta Journal-Constitution, CFO Magazine, Financial Advisor, Investors Chronicle, Pittsburgh Post-Gazette, Australian 5

6 Financial Review, Canadian Investment Review, Canberra Times, Columbia Daily Tribune, International Business Times, Desert Morning News, Accounting Today, New Zealand Herald, Economic Times (India), Handelsblatt (German), Grand Forks Herald, The Chronicle of Higher Education, CNBC, Money Sense, 168 Chasa (Bulgarian). 6

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