Siew Hong Teoh

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Siew Hong Teoh is the Lee and Seymour Graff Endowed Professor of accounting at UCLA Anderson School of Management. She is on the editorial board of the Accounting Review [1] and the Review of Accounting Studies . [2]

Contents

Career

Professor Teoh obtained a BSC and MSc in economics from the London School of Economics. She then pursued an MBA and PhD at the Graduate School of Business at the University of Chicago. Her first position was as an assistant professor at UCLA and then the business school of the University of Michigan. She was then promoted to associate professor at the Fisher College of Business at Ohio State University. She is currently the Lee and Seymour Graff Endowed Professor of accounting at UCLA Anderson School of Management. [3]

Research

Her research interests are mainly focused around information and capital markets. She studies how accounting information affects firm stakeholders such as managers or investors. Her research also tries to understand how the timing of information disclosure to investors affects firms, their values and stakeholders.

Her most cited article in the Journal of Finance studies how during Initial Public Offerings (IPOs), some companies and their financial issuers can report higher accruals. [4] This makes the companies look more successful than they actually are and can impact the outcome of an IPO.

In another widely cited paper in the Journal of Finance, she looks at CEO overconfidence. [5] [6] The paper finds that companies with overconfident CEO (according to proximate metrics) invest more in innovation. They also obtain more patents and patent citations. On the negative side, they suffer from greater return volatility.

Her research has been cited just short of 28000 times [7] and she is the 145th most cited female economist according to RePEC. [8] Her research has been cited in Forbes, [6] Bloomberg [9] and Der Spiegel. [10]

Related Research Articles

An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as floating, or going public, a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded.

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<span class="mw-page-title-main">UCLA Anderson School of Management</span> Business school at University of California, Los Angeles

The John E. Anderson Graduate School of Management is the graduate business school at the University of California, Los Angeles. The school offers MBA, PGPX, Financial Engineering, Business Analytics, and PhD degrees. It was named after American billionaire John E. Anderson in 1987, after he donated $15 million to the School of Management—the largest gift received from an individual by the University of California at the time.

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A special purpose acquisition company, also known as a "blank check company", is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making the private company public without going through the initial public offering process, which often carries significant procedural and regulatory burdens. According to the U.S. Securities and Exchange Commission (SEC), SPACs are created specifically to pool funds to finance a future merger or acquisition opportunity within a set timeframe; these opportunities usually have yet to be identified while raising funds.

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References

  1. "The Accounting Review | American Accounting Association". aaahq.org. Retrieved 2022-08-14.
  2. "Review of Accounting Studies". Springer. Retrieved 2022-08-14.
  3. Management, UCLA Anderson School of (2021-08-04). "Teoh". UCLA Anderson School of Management. Retrieved 2022-08-14.
  4. Teoh, Siew Hong; Welch, Ivo; Wong, T.J. (December 1998). "Earnings Management and the Long-Run Market Performance of Initial Public Offerings". The Journal of Finance. 53 (6): 1935–1974. doi:10.1111/0022-1082.00079. hdl: 2027.42/95683 . S2CID   16502177.
  5. Hirshleifer, David; Low, Angie; Teoh, Siew Hong (August 2012). "Are Overconfident CEOs Better Innovators?". The Journal of Finance. 67 (4): 1457–1498. doi:10.1111/j.1540-6261.2012.01753.x.
  6. 1 2 Adams, Susan. "Overconfident CEOs Are Better Innovators". Forbes. Retrieved 2022-08-14.
  7. "Siew Hong Teoh". scholar.google.com. Retrieved 2022-08-14.
  8. "Top Female Economists Rankings | IDEAS/RePEc". ideas.repec.org. Retrieved 2022-08-14.
  9. "Index Rules and Analyst Fatigue". Bloomberg.com. 2017-08-01. Retrieved 2022-08-14.
  10. Becker, Tobias (2016-06-30). "Narzissmus: Die größte Liebe unseres Lebens". Der Spiegel (in German). ISSN   2195-1349 . Retrieved 2022-08-14.