Endowed Professor Kaye Newberry Is Only U.S. Grantee for Worldwide Accounting Standards Research
HOUSTON, TX, June 18, 2007 – The International Association for Accounting Education and Research (IAAER), in collaboration with KPMG, has awarded $25,000 to C. T. Bauer College of Business Accounting Professor Kaye Newberry and her research team, the only U.S. team to receive this prestigious grant.
The award was one of only five given worldwide as part of IAAER’s Research on Defining, Recognizing and Measuring Liabilities grant program and the only award given to an American research team. The IAAER grants support research that helps the International Accounting Standards Board (IASB) make informed decisions on identifying liabilities and how to measure them.
Professor Newberry’s team included doctoral student Cathy Zishang Lu of the University of Houston and Professors C.S. Agnes Cheng and Kenneth J. Reichelt of Louisiana State University. The subject of their winning research is “Leverage and Cost of Equity Capital-An Empirical Test of Various Definitions of Liability and Fair Value Measurement.”
Bauer College Accountancy & Taxation Department Chair Gerald Lobo praised Newberry’s work. “This award is a first for Bauer College, giving us the opportunity to assume a pivotal role in developing worldwide standards for effective and ethical accounting practices and to help resolve a pressing issue for IASB. It is an excellent example of how the Bauer accounting faculty is on the cutting edge of research for the real world of business, and Kaye deserves this prestigious honor.”
Professor Kaye Newberry joined Bauer from the University of Arizona, where she was an Associate Professor and Steinberg Fellow of Accounting. Professor Newberry’s research examines the effects of taxation on business decisions, including firms’ financing policies, worldwide reporting, corporate acquisitions, and financial disclosures. In addition to the IAAER award, she has received an Outstanding Tax Doctoral Dissertation award, competitive research grants from PricewaterhouseCoopers and Ernst & Young, and several teaching awards. Her research has been published in journals such as the Journal of Accounting Research, Contemporary Accounting Research, Journal of the American Taxation Association, National Tax Journal, and Journal of Accounting and Public Policy.
Professor Newberry serves on the editorial boards of Accounting Review and the Journal of the American Taxation Association. Since 1999, she has served as an academic adviser to the United States Treasury Department, Internal Revenue Service, on international tax issues, corporate book-tax reporting, and Sarbanes-Oxley. Professor Newberry earned her Ph.D. in Accounting from Arizona State University and her MBA and BS in Accounting from the University of Houston-Clear Lake.
Professor Newberry and her team will present their research at three upcoming conferences, including one in London in September, 2007, and two 2008 meetings in the United States.
About the University of Houston
The University of Houston, Texas’ premier metropolitan research and teaching institution, is home to more than 40 research centers and institutes and sponsors more than 300 partnerships with corporate, civic and governmental entities. UH, the most diverse research university in the country, stands at the forefront of education, research and service with more than 35,000 students.
About the Bauer College of Business
The C.T. Bauer College of Business has been in operation for more than 60 years at the University of Houston main campus. Through its five academic departments, the college offers a full-range of undergraduate, masters and doctoral degrees in business. The Bauer College is fully accredited by the AACSB International – the Association to Advance Collegiate Schools of Business. In August 2000, Houston business leader and philanthropist Charles T. (Ted) Bauer endowed the College of Business with a $40 million gift. In recognition of his generosity, the college was renamed the C.T. Bauer College of Business.