MARK THOMAS BRADSHAW, PHD, CPA Professor of Accounting and Chair of the Department Boston College Carroll School of Management Phone: 617.552.3831 140 Commonwealth Ave., Fulton 520 Fax: 617.552.6345 Chestnut Hill, MA 02467 Email: [email protected] EDUCATION 2000 Ph.D., Accounting, University of Michigan (Ann Arbor, MI); Dissertation: “The Articulation of Sell-Side Analysts’ Earnings Forecasts, Common Stock Valuations, and Investment Recommendations” 1995 M.Acc., Financial Accounting, University of Georgia (Athens, GA) 1989 B.B.A., Accounting, Summa Cum Laude and With Highest Honors, University of Georgia (Athens, GA) APPOINTMENTS 2016-present Boston College – Chairperson of the Department 2016-present Boston College – Professor of Accounting 2009-2016 Boston College – Associate Professor of Accounting 2008-2009 University of Chicago – Visiting Associate Professor of Business Administration 2005-2008 Harvard University – Associate Professor of Business Administration 2000-2005 Harvard University – Assistant Professor of Business Administration 1995-2000 University of Michigan – Doctoral Candidate 1994-1995 University of Georgia – Masters Candidate and Accounting Instructor TEACHING RESPONSIBILITIES Boston College 2014-present MBA program, Financial Accounting Core (ACCT7713) 2013 MBA program, Contemporary Topics in Financial Reporting (MA801) 2009-2014 Masters and MBA programs, Financial Statement Analysis (MA824) 2009-2014 Undergraduate program, Financial Statement Analysis (MA351) University of Chicago 2008-2009 MBA program, Financial Statement Analysis (30130) Harvard University 2006-2007 Executive Education program, Novartis Finance Leadership (NFL) 2005-2007 Executive Education program, Strategic Financial Analysis for Business Evaluation (SFA) 2004-2007 MBA program, Business Analysis and Valuation (BAV) 2003 Doctoral program, Empirical Research in Financial Reporting and Analysis 2002, 2003 MBA program, Elective Curriculum Capstone Class (Student Selection) 2000-2003 MBA program, Financial Reporting and Control (FRC) 2000-2001 MBA program, Crimson Greetings University of Michigan 1995-1999 MBA program, Quantitative Skills Workshops (QSW) University of Georgia 1994-1995 Introductory Accounting Principles (ACC101) INDUSTRY EXPERIENCE 1989-1994 Auditor, Arthur Andersen & Co. (Atlanta, GA) Primary clients included Delta Air Lines, Continental Airlines, The Southern Company, Institute of Nuclear Power Operators, Augusta National Golf Club, The Masters Tournament 1988 Audit Intern, Arthur Andersen & Co. (Atlanta, GA) AWARDS, HONORS, FELLOWSHIPS AND SCHOLARSHIPS 2015 FARS Steering Board Distinguished Service Award 2014-2017 Boston College William S. McKiernan '78 Family Faculty Fellow 2011 American Swiss Foundation Young Leader Conference Class of 2011 2005-2006 Harvard Business School Berol Corporation Fellow 2003 Harvard Business School Apgar Award for Innovation in Teaching 2002 Harvard Business School Robert F. Greenhill Award 2001 American Accounting Association Competitive Manuscript Award 1999 Arthur Andersen Foundation Doctoral Dissertation Fellowship 1997-1998 Deloitte & Touche Doctoral Fellowship 1995-1999 American Institute of Certified Public Accountants Doctoral Fellowship American Accounting Association Doctoral Fellowship William A. Paton Accounting Fellowship University of Michigan Business School Fellowship 1994-1995 University of Georgia Graduate School Fellowship 2 1985-1989 State of Georgia Governor’s Scholarship University of Georgia Honors Program Scholarship University of Georgia Alumni Scholarship Phi Gamma Delta Alumni Scholarship Becker’s CPA Review Scholarship EDITORIAL BOARD AND REFEREE ACTIVITIES 2014-2020 Editor – The Accounting Review 2015-present Editorial Board – Journal of Accounting Research 2015-present Editorial Advisory Board – Journal of Financial Reporting 2011-present Editorial Board – Review of Accounting Studies 2006-present Associate Editor – Journal of Accounting & Economics 2012-2015 Associate Editor – Management Science 2011-2015 Editorial Board – Journal of International Accounting Research 2005-2014 Editorial Advisory and Review Board – The Accounting Review 2006-2013 Editorial Board – Journal of Accounting Research Various dates Ad Hoc Reviewer – Journal of Accounting, Auditing, & Finance Contemporary Accounting Research Journal of Financial Economics Review of Financial Studies The Journal of Finance European Accounting Review Journal of Banking & Finance Accounting Horizons CERTIFICATIONS AND PROFESSIONAL AFFILIATIONS 1991-present Certified Public Accountant (CPA) certification [Georgia; inactive 2016] 1991-2016 American Institute of Certified Public Accountants 1991-2016 Georgia Society of Certified Public Accountants 3 PUBLICATIONS Refereed Articles 1. With Alan G. Huang and Hongping Tan, “Analyst Target Prices and Forecast Accuracy around the World.” Forthcoming, Journal of Accounting Research. 2. Bradshaw, M.T., Guanmin Liao and Mark Ma, “Agency Costs and Tax Planning when the Government is a Major Shareholder.” Forthcoming, Journal of Accounting & Economics. 3. Bradshaw, Mark T., Theodore E. Christensen, Kurt H. Gee, and Benjamin C. Whipple, “Investor Preference and Manager Motivation for Non-GAAP Earnings: Correcting for Measurement Error in Empirical Research.” Journal of Accounting & Economics, August 2018, Vol. 55, Iss. 1,46-66. 4. Bradshaw, Mark T., Yonca Ertimur, and Patricia O’Brien, “Financial Analysts and Their Contribution to Well-Functioning Capital Markets.” Foundations and Trends in Accounting: 2017, Vol. 11, No. 3, pp. 119-191. 5. Bradshaw, Mark T., Lian Fen Lee and Kyle Peterson, “The Interactive Role of Difficulty and Incentives in Explaining the Annual Earnings Forecast Walkdown.” The Accounting Review, July 2016, Vol. 91, No. 4, pp. 995-1021. 6. Bradshaw, Mark. T., Larry D. Brown and Kelly Huang, “Do Sell-Side Analysts Exhibit Differential Target Price Forecasting Ability?” Review of Accounting Studies, December 2013, Vol. 18, Iss. 4, 930-955. 7. Bradshaw, Mark. T., Michael Drake, James Myers and Linda Myers, “A Re-examination of Analysts’ Superiority over Time-Series Forecasts.” Review of Accounting Studies, December 2012, Vol. 17, Iss. 4, 944-968. 8. Bradshaw, Mark. T., “Analyst Information Processing, Financial Regulation, and Academic Research.” The Accounting Review, July 2009, Vol. 84, No. 4, 1073-1083. 9. Bradshaw, Mark. T., and Gregory S. Miller “Will Harmonizing Accounting Standards Really Harmonize Accounting? Evidence from Non-U.S. Firms Adopting US GAAP.” Journal of Accounting, Auditing, and Finance, Spring 2008, Vol. 23, Iss. 2, pp 233-263. 10. Bradshaw, Mark. T., Scott A. Richardson and Richard G. Sloan, “The Relation Between Corporate Financing Activities, Analysts’ Forecasts and Stock Returns.” Journal of Accounting and Economics Vol. 42, Issues 1 and 2, October 2006, 53-86. 11. Bradshaw, Mark. T., Brian J. Bushee and Gregory S. Miller, “Accounting Choice, Home Bias, and US Investment in Non-US Firms.” Journal of Accounting Research, Vol. 42, No. 5, December 2004, 795-841. 12. Bradshaw, Mark. T., “How Do Analysts Use Their Earnings Forecasts in Generating Stock Recommendations?” The Accounting Review, Vol. 79, No. 1, January 2004, 25-50. 4 13. Bradshaw, Mark. T., and Richard G. Sloan, “GAAP versus The Street: An Empirical Assessment of Two Alternative Definitions of Earnings.” Journal of Accounting Research, Vol. 40, No. 1, March 2002, 41-66. 14. Bradshaw, Mark. T., “The Use of Target Prices to Justify Sell-Side Analysts’ Stock Recommendations.” Accounting Horizons, Vol. 16, No.1, March 2002, 27-41. 15. Bradshaw, Mark. T., Scott A. Richardson and Richard G. Sloan, “Do Analysts and Auditors Use Information in Accruals?” Journal of Accounting Research, Vol. 39, No. 1, June 2001, 45-74. Discussions and other articles 16. Bradshaw, Mark. T., Daniel Bens (principal co-author), Carol Ann Frost (principal co- author), Ray Pfeiffer (principal co-author), Marlene Plumlee (principal co-author), Franco Wong (principal co-author), and FARS Financial Reporting Policy Committee, “Accounting Standard Setting for Private Companies.” Accounting Horizons, 2014, Vol. 28, No. 1. 17. Bradshaw, Mark. T., “A Discussion of ‘Analysts’ Industry Expertise.” Journal of Accounting & Economics, 2012, Vol. 54, Iss. 2-3, 121-131. 18. Bradshaw, Mark. T., “A Discussion of ‘Do managers use earnings guidance to influence street earnings exclusions?’” Review of Accounting Studies, 2011, Vol. 16, Iss. 3, 528-538. 19. Bradshaw, Mark. T., Sarah McVay (principal co-author) and FARS Financial Reporting Policy Committee, “The Financial Reporting Policy Committee’s Response to the Preliminary Views on Financial Statement Presentation.” Accounting Horizons, 2010 Vol. 24 (2): 249-296. 20. Bradshaw, Mark. T., Patrick E. Hopkins (principal co-author), Leslie Hodder (principal co- author) and FARS Financial Reporting Policy Committee, “Response to the FASB’s Preliminary Views on Financial Instruments with the Characteristics of Equity.” Accounting Horizons, 2009 Vol. 23 No. 1, 85-100. 21. Bradshaw, Mark. T., and Mark Soliman, “A Discussion of ‘Letting the Tail Wag the Dog: The Debate over GAAP versus Street Earnings Revisited.’” Contemporary Accounting Research, Fall 2007, Vol. 24 No. 3, 725-739. 22. Bradshaw, Mark. T., Paquita Davis-Friday (principal co-author), Elizabeth Gordon (principal co-author), and FASC Committee, “Response to the FASB Exposure Draft, ‘Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans: An Amendment of FASB Statements No.