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Michael Drake

K. Fred Skousen Professor of Accounting,
School of Accountancy
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Biography

Michael Drake is K. Fred Skousen Professor of Accounting in the School of Accountancy at the BYU Marriott School of Business. He earned bachelors and masters degrees in accounting at BYU and his doctorate in accounting at Texas A&M University. Prior to joining BYU Marriott in 2011, he was on faculty at the Fisher College of Business at The Ohio State University. Before that, he worked as an auditor for Arthur Andersen and Ernst & Young.

Michael currently teaches the core financial reporting course in the MBA and eMBA programs, financial statement analysis in the Masters of Accountancy program, and an empirical research seminar to pre-doctoral students.

Michael's research is focused on understanding how financial information impacts capital markets and has been published in various top-tier academic journals including the Journal of Accounting Research, the Journal of Accounting and Economics, The Accounting Review, and Management Science.

Selected Publications

  • "Classifying Forecasts", The Accounting Review, Volume Forthcoming, 2024
  • "Earnings Virality", Journal of Accounting and Economics, Edition 1, Volume 75, 2023
  • "Brokerage House IPOs and Analyst Forecast Quality", Management Science, Volume Forthcoming, 2022
  • "The relevance of non-income tax relief", Contemporary Accounting Research, Edition 3, Volume 39, 2022
  • "Brokerage relationships and analysts forecasts: Evidence from the protocol for broker recruiting", Review of Accounting Studies, 2022
  • "Social Media Analysts and Sell-Side Analyst Research", Review of Accounting Studies, 2022
  • "Earnings announcement delays and implications for the auditor-client relationship.", Review of Accounting Studies, Edition 1, Volume 28, Pages 1-46, Springer, Peter Easton, 2021
  • "Analyst Forecast Bundling", Management Science, Edition 9, Volume 66, 2020
  • "Is there information content in information acquisition", The Accounting Review, Edition 2, Volume 95, 2020
  • "Disclosure overload? A professional-user perspective on the usefulness of general purpose financial statements", Contemporary Accounting Research, Edition 4, Volume 36, 2019
  • "Auditor benchmarking of client disclosures", Review of Accounting Studies, Volume 24, 2019
  • "The Comovement of Investor Attention", Management Science, Edition 9, Volume 63, 2017
  • "The internet as an information intermediary", Review of Accounting Studies, Edition 2, Volume 22, 2017
  • "The Usefulness of Historical Accounting Reports", Journal of Accounting and Economics, Edition 2-3, Volume 61, Pages 448-464, 2016
  • "March Market Madness: The Impact of Value-Irrelevant Events on the Market Pricing of Earnings News", Contemporary Accounting Research, Edition 1, Volume 33, 2016
  • "The Determinants and Consequences of Information Acquisition via EDGAR", Contemporary Accounting Research, Edition 3, Volume 32, 2015
  • "Acquirer Valuation and Acquisition Decisions: Identifying Mispricing using Short Interest", Journal of Financial and Quantitative Analysis, Edition 1/2, Volume 50, 2015
  • "The Media and Mispricing: The Role of the Business Press in the Pricing of Accounting Information", The Accounting Review, Edition 5, Volume 89, 2014
  • "A re-examination of analysts' superiority over time-series forecasts of annual earnings", Review of Accounting Studies, Edition 4, Volume 17, 2012
  • "Tax System Characteristics, CEO Incentives, and Corporate Tax Avoidance: International Evidence", The Accounting Review, Edition 6, Volume 87, 2012
  • "Investor Information Demand: Evidence from Google Searches around Earnings Announcements", Journal of Accounting Research, Edition 4, Volume 50, 2012
  • "Should investors follow the prophets or the bears? Evidence on the use of public information by analysts and short sellers", The Accounting Review, Edition 1, Volume 86, 2011
  • "Book-tax conformity, earnings persistence, and the association between earnings and future cash flows", Journal of Accounting and Economics, Volume 50, Pages 111-125, 2010

Awards

  • BYU Marriott Teaching Excellence Award, BYU Marriott School of Business, 2021
  • K. Fred Skousen Professorship, 2021
  • Glenn D. Ardis Chaired Professorship, 2020
  • FARS Best Paper Award, AAA, 2019
  • MBA Core Professor of the Year, BYU Marriott School of Business, 2019
  • Accounting Horizons Best Paper Award, 2018
  • MBA Core Professor of the Year, BYU Marriott School of Business, 2018
  • MBA Core Professor of the Year, BYU Marriott School of Business, 2017
  • Distinguished PwC Fellowship, 2016
  • BYU Young Scholar Award, 2016
  • Marriott School of Management Scholarly Excellence Award, Marriott School of Management, 2016

Languages

  • Spanish

Certificates and Licenses

  • Certified Public Accountant