Linda Vincent
Linda Vincent

ACCOUNTING INFORMATION & MANAGEMENT
Associate Professor of Accounting Information & Management

Print Overview
Linda Vincent is an Associate Professor in the Accounting Information and Management department. Prior to joining Kellogg in 1999, Professor Vincent was an Associate Professor at the University of Chicago Graduate School of Business.

Professor Vincent’s research interests are in the areas of financial reporting and capital markets with a focus on business combinations, divisive restructurings, real estate, pensions, and the informativeness of financial reporting data for securities returns under different information environments and capital structures.

Professor Vincent has served on the editorial boards of the Journal of Accounting and Economics, Accounting Horizons, and the Journal of Accounting Research. She is an ad hoc reviewer for The Accounting Review; Contemporary Accounting Research; Journal of Accounting, Auditing and Finance; Real Estate Economics; Review of Accounting Studies; and the Review of Financial Studies.

Professor Vincent was awarded the Chairs’ Core Course Teaching Award in 2000 and the Sidney J. Levy Teaching Award in 2001, 2003, and 2007. She received an MBA in Accounting and Finance from Kellogg and a PhD in Accounting from Northwestern University.



Areas of Expertise
Corporate Restructuring
Financial Accounting
Financial Disclosure/Statements
Financial Reporting
Pension Funds
Real Estate
Security Analysis
Print Vita
Education
BA, Northwestern University
MBA, Accounting, Finance, Northwestern University, Beta Gamma Sigma, Distinction, Distinguished Scholar
PhD, Accounting, Northwestern University

Academic Positions
Associate Professor, Kellogg School of Management, Northwestern University, 1999-present
Associate Professor, Graduate School of Business, University of Chicago, 1998-1999
Assistant Professor, Graduate School of Business, University of Chicago, 1994-1998
Instructor, Graduate School of Business, University of Chicago, 1993-1994

Editorial Positions
Editorial Board, Journal of Accounting and Economics, 2003-2009
Editorial Board, Accounting Horizons, 2003-2007
Editorial Board, Journal of Accounting Research, 1998-2001

 
Print Research
Research Interests
Capital markets; financial reporting; corporate restructuring including mergers, acquisitions, and divestitures; role of accounting information in firm valuation; economic impact of changes in accounting standards; valuation. 

Articles
Francis, Jennifer, Katherine Schipper and Linda Vincent. 2005. Earnings and Dividend Informativeness when Cash Flow Rights are Separated from Voting Rights. Journal of Accounting and Economics. 39(2): 329-360.
Abstract
Francis, Jennifer, Katherine Schipper and Linda Vincent. 2002. Expanded Disclosures and the Increased Usefulness of Earnings Announcements. Accounting Review. 77(3): 515-546.
AbstractLink
Fields, Thomas, Thomas Lys and Linda Vincent. 2001. Empirical Research on Accounting Choice. Journal of Accounting and Economics. 31(3-1): 255-301.
Abstract
Vincent, Linda. 1999. The Information Content of Funds from Operations (FFO) for Real Estate Investment Trusts (REITs). Journal of Accounting and Economics. 26(1): 69-104.
Abstract
Francis, Jennifer, J. Douglas Hanna and Linda Vincent. 1996. Causes and Effects of Discretionary Asset Write-offs. Journal of Accounting Research. 34(Supplement): 117-134.
Abstract
Lys, Thomas and Linda Vincent. 1995. An Analysis of the Value Destruction in AT&T's Acquisition of NCR. Journal of Financial Economics. 39(2): 353-378.
Abstract
Working Papers
Vincent, Linda and Brian D Cadman. 2012. The Role of Defined Benefit Pension Plans in Executive Compensation.
Lys, Thomas, Linda Vincent and Nir Yehuda. 2012. The Nature and Implications fo Acquistion Goodwill.
Vincent, Linda and Patricia Ledesma Liebana. 2011. Valuation Implications of Defined Benefit Pension Plans.
Abstract
Book Chapters
Schipper, Katherine and Linda Vincent. 1998. "Spin-offs: Tax Comparison with an Asset Sale." In The Complete Finance Companion, 85-90. Prentice Hall.
Abstract
Cases
Korajczyk, Robert, Linda Vincent, Matthew Galas, Saurabh Goyal, David Mathews and Danielle Qi. 2013. Universal Display Corporation: Go Long or Short?. Case 5-312-502.
AbstractLink

 
Print Teaching
Teaching Interests
Financial accounting; financial statement analysis; investment management
Full-Time / Part-Time MBA
Securities Analysis (FINC-463-0)

This course counts toward the following majors: Accounting, Finance.

This course focuses on the valuation of publicly traded equity securities. The tools and techniques include fundamental analysis ("bottoms-up," firm-level, business and financial analysis), preparation of pro forma financial statements, estimation of free cash flows and application of valuation models. The firm's financial statement data constitute a major input to the valuation process. We use cases to illustrate and apply these techniques in several different settings, although this is not a "case course." The goal of the course is to provide students with a strong theoretical and applied understanding of the valuation of equity securities.

Asset Management Practicum I (FINC-933-0)

This course counts toward the following majors: Finance

Students enrolled in this sequence of courses will manage a portion of the Kellogg School’s endowment. The courses will combine investment theory with exposure to leading practitioners. Students will rotate across roles of industry analysts, hedge fund fund-of-funds managers, traders, quantitative analysts, and portfolio managers. Note: This course may not be dropped after the first week of the quarter. Students must take the entire sequence, FINC 933,934 and 935.

Co-requisites: FINC 463 or FINC 444. Over the three-quarter sequence students must take four quarter credits in additional asset management-related courses from the following list:

FINC-442-0 Financial Decisions

FINC-444-0 Advanced Topics in Finance

FINC-447-0 Financial Strategy and Tax Planning

FINC-451-0 Money Markets and the Fed

FINC-460-0 Investments

FINC-462-0 Portfolio Management

FINC-463-0 Security Analysis

FINC-464-0 Fixed Income Securities

FINC-465-0 Derivative Markets I

FINC-467-0 Derivative Markets II

FINC-936-0 Asset Management Practicum IV

FINC-941-0 Macroeconomic Policy and Global Capital Markets

FINC-970-0 Empirical Methods in Finance

ACCT-451-0 Financial Reporting and Analysis

ACCT-452-0 Financial Reporting and Analysis II



Asset Management Practicum II (FINC-934-0)

This course counts toward the following majors: Finance

Students enrolled in this sequence of courses will manage a portion of the Kellogg School’s endowment. The courses will combine investment theory with exposure to leading practitioners. Students will rotate across roles of industry analysts, hedge fund fund-of-funds managers, traders, quantitative analysts, and portfolio managers. Note: This course may not be dropped after the first week of the quarter. Students must take the entire sequence, FINC 933, 934 and 935.

Co-requisites: Over the three-quarter sequence students must take four quarter credits in additional asset management-related courses from the following list:

FINC-442-0 Financial Decisions

FINC-444-0 Advanced Topics in Finance

FINC-447-0 Financial Strategy and Tax Planning

FINC-451-0 Money Markets and the Fed

FINC-460-0 Investments

FINC-462-0 Portfolio Management

FINC-463-0 Security Analysis

FINC-464-0 Fixed Income Securities

FINC-465-0 Derivative Markets I

FINC-467-0 Derivative Markets II

FINC-936-0 Asset Management Practicum IV

FINC-941-0 Macroeconomic Policy and Global Capital Markets

FINC-970-0 Empirical Methods in Finance

ACCT-451-0 Financial Reporting and Analysis

ACCT-452-0 Financial Reporting and Analysis II



Asset Management Practicum IV (FINC-936-0)

This course counts toward the following majors: Finance

Asset Management Practicum IV is a continuation of Asset Management Practicum I, II, and III. Students in Asset Management IV will be responsible for using the analyses of students in Asset Management Practicum I, plus their own analyses, to determine portfolio positions, trading strategies, and asset allocations for the student-managed portfolio. Note: This course may not be dropped after the first week of the quarter.

Asset Management Practicum IV (FINC-936-C)

This course counts toward the following majors: Finance

Asset Management Practicum IV is a continuation of Asset Management Practicum I, II, and III. Students in Asset Management IV will be responsible for using the analyses of students in Asset Management Practicum I, plus their own analyses, to determine portfolio positions, trading strategies, and asset allocations for the student-managed portfolio.