Garen Markarian
(on leave until July 1, 2019)

Biography

Garen Markarian specializes in financial accounting, corporate finance, and private equity. He holds the Chair of Financial Accounting at WHU - Otto Beisheim School of Management since 2014.
Furthermore he is Faculty Director of two Executive Education Programs launched by WHU: Value Creation in Private Equity and Venture Capital and Risk Management for Executives (in cooperation with Stockholm School of Economics).
Previously he has taught at IE Business School (Madrid), HEC (Paris), Bocconi (Milan), Concordia (Montreal), Rice University (Houston), and Case Western Reserve (Cleveland).

Professor Dr. Markarian has published in the area of corporate governance, executive compensation, the banking crisis, and financial statements and valuation. He is an award winning teacher, and his publications have won prizes from the American Finance Association and the American Accounting Association, and were mentioned in the Financial Times and CFO magazine.

Previously, he was a consultant for the Standard & Poor’s “Society of Industry Leaders”. Furthermore he was First Regional Economic Officer for the United Nations (western Asia headquarters). Professor Dr. Markarian holds a Ph.D. in Management from the Weatherhead School of Management at Case Western Reserve University.

Honors and Awards

  • Academy of Accounting Historians
    • Award for Excellence, 2015
  • Fundacion De Estudios Financieros (FEF: Institute of Financial Studies)
    • First Place, Annual FEF Research Prize (€18,000), Income Smoothing and Idiosyncratic Volatility, 2012
  • IE Business School, Finalist, Teacher of the Year
    • MBA program, 2012
  • IE Business School, Finalist, Teacher of the Year
    • MBA program, 2011
  • Best Paper Award, IV Research Form of the Spanish Journal of Finance and Accounting
    • Income Smoothing and Idiosyncratic Volatility, co-authored with Belen Gil-de-Albornoz, Universidad Jaume I.
  • Honorable Mention, 2008 Family Business Review Best Article Award Committee
    • Earnings Management in Family Firms: Evidence From R&D Cost Capitalization in Italy, co-authored with Annalisa Prencipe and Lorenzo Pozza, Bocconi University
  • IE University, Research Excellence Award
    • For contributions to research, 2004-2007
  • IE Business School, Teacher of the Year
    • Masters of Management programs, 2008
  • Best Paper Award, Issues in Accounting Education, 2007
    • Accounting Faculty as an Endangered Species: An Empirical Assessment of the Rise and Fall of An Academic Discipline, co-authored with Timothy Fogarty
  • Outstanding Manuscript Award, American Accounting Association - Accounting Programs Leadership Group, 2005
    • Accounting Faculty as an Endangered Species: An Empirical Assessment of the Rise and Fall of An Academic Discipline, co-authored with Timothy Fogarty
  • Eastern Finance Association, First Prize, Best Paper in Corporate Finance, 2004
    • Stock Options Expensing: Evidence from Shareholders’ Votes, co-authored with Fabrizio Ferri and Tatiana Sandino
  • AAA Ohio Section, 1st Place, Deloitte and Touche Graduate Student Paper Competition, 2004
    • Managerial Wealth Related Incentives and Earnings Management (first place among 56 eligible schools)
  • Weatherhead School of Management, Finalist, Undergraduate Teaching Excellence Award, 2003
    • Third place, among more than one hundred and fifty courses offered during the academic year

Published Papers

15. Institutional Investors and Insider Trading Patterns

European Accounting Review, Volume 24, Issue 3, 2015

With Robert Bricker, Case Western Reserve University.

 

14. Product Market Competition, Information, and Earnings Management

Journal of Business, Finance, and Accounting, 2014, Volume 41 (5-6)

With Juan Santalo, IE Business School.

 

13. The Crisis and Fair Values: Echoes of Early Twentieth Century Debates?

Accounting Historian’s Journal, 2014, Volume 41.

 

12. Investment Horizon, Risk, and Compensation in the Banking Industry 

Journal of Banking and Finance, 2013, Volume 37(9)

With Gilad Livne, Cass Business School, City University of London; Maxim Mironov, IE Business School.

 

11. Fair Value Accounting and Compensation in Banks

Journal of Corporate Finance, 2011, 17(4)

With Gilad Livne and Alistair Milne, Cass Business School, City University of London.

 

10. Financial Accounting and the Crisis: is Risk the Missing Link?

European Accounting Review, 2011, 20(2)

With Michel Magnan, John Molson School of Business, Concordia University.

 

9. Managerial Risk Taking Incentives and Income Smoothing

Contemporary Accounting Research, 2009, 26(4) 

With Julia Grant, Case Western Reserve University and Antonio Parbonetti, University of Padova.

 

8. Inside Agency: The Rise And Fall Of Nortel

Journal of Business Ethics. 2009, 84(2)

With Timothy Fogarty, Case Western Reserve University and Michel Magnan, Concordia University, and Serje Bohdjalian, Concordia University.

 

7. Earnings Management In Family Firms: Evidence From R&D Cost Capitalization In Italy

Family Business Review, 2008, 21(1)

With Annalisa Prencipe and Lorrenzo Pozza, Bocconi University.

 

6. Capitalization of R&D Costs and Earnings Management: Evidence from Italian Listed Companies

The International Journal of Accounting. 2008. 43(3)

With Annalisa Prencipe and Lorrenzo Pozza, Bocconi University.

 

5. Firm Complexity and Board of Director Composition

Corporate Governance: An International Review. 2007, 15(6)

With Antonio Parbonetti, University of Padova.

 

4. Accounting Faculty As An Endangered Species: An Empirical Assessment Of The Rise And Fall Of An Academic Discipline

Issues in Accounting Education. 2007, 22(2).

With Timothy Fogarty, Case Western Reserve University.

 

3. The Convergence of Disclosure and Governance Practices in the World’s Largest Firms

Corporate Governance: an International Review. 2007, 15(2)

With Gary Previts, Case Western Reserve University and Antonio Parbonetti, University of Padova.

 

2. Circumstances Relating To Interlocking Directorates In Italy: An Exploratory Study

Corporate Ownership and Control. 2007, 4(2)

With Antonio Parbonetti, University of Padova, and Gary John Previts, Case Western Reserve University.

 

1. Value Driver Information: A Content Analysis of M&A and Other Cross Boundary Disclosures of the Ford Motor Company 1995‑2000

Research in Accounting Regulation. 2001, Vol. XV

With Gary Previts, Case Western Reserve University and Orhan Celik, University of Ankara.

Kontakt

Prof. Dr.

Garen Markarian

Chairholder
(on leave until July 1, 2019)

+49-(0)261-6509-230
+49-(0)261-6509-239

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