{"id":10303,"date":"2024-08-06T16:56:23","date_gmt":"2024-08-06T20:56:23","guid":{"rendered":"https:\/\/www.bu.edu\/questrom\/profiles\/michael-smith\/"},"modified":"2026-06-22T15:59:45","modified_gmt":"2026-06-22T19:59:45","slug":"michael-smith","status":"publish","type":"profiles","link":"https:\/\/www.bu.edu\/questrom\/profiles\/michael-smith\/","title":{"rendered":"Michael Smith"},"content":{"rendered":"\n\n\n<div class=\"wp-block-group alignfull profile__standard-wrapper has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n\n\n<div class=\"wp-block-columns profile__columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column profile__left-column is-layout-flow wp-container-core-column-is-layout-3bd72ab2 wp-block-column-is-layout-flow\"><figure class=\"profile__image wp-block-post-featured-image\"><img decoding=\"async\" alt=\"Michael Smith\" style=\"object-fit:contain\" class=\"wp-post-image\" src=\"http:\/\/questromapps.bu.edu\/images\/facstaff\/SmithMichael.jpg\" \/><\/figure>\n\n<aside class=\"profile__contact profile__contact--api wp-block-amp-profile-contact\" itemscope itemtype=\"http:\/\/schema.org\/Person\">\n  <h5>Contact<\/h5>\n  <div class=\"profile__contact-row\">\n          <div class=\"profile__contact-cell profile__contact-cell--phone\">\n        <h6 class=\"wp-block-heading has-h-8-font-size\" style=\"font-weight: 500; text-transform: uppercase; margin-top: 0px;\">\n        Phone\n      <\/h6>\n      <p class=\"has-p-2-font-size\" itemprop=\"telephone\">\n        617-353-6673      <\/p>\n    <\/div>\n              <div class=\"profile__contact-cell profile__contact-cell--email\">\n        <h6 class=\"wp-block-heading has-h-8-font-size\" style=\"font-weight: 500; text-transform: uppercase; margin-top: 0px;\">\n        Email\n      <\/h6>\n      <p class=\"has-p-2-font-size\">\n        <a href=\"mailto:msmith22@bu.edu\" itemprop=\"email\">\n          msmith22@bu.edu        <\/a>\n      <\/p>\n    <\/div>\n          <\/div>\n\n      <div class=\"profile__contact-buttons\">\n              <div class=\"wp-block-button is-style-primary-button\">\n          <a class=\"wp-block-button__link wp-element-button\" href=\"http:\/\/questromapps.bu.edu\/faculty\/uploadFiles\/cvUploadsProfile\/AC_Smith_Michael_CV.pdf\">\n            Download CV\n          <\/a>\n        <\/div>\n                <\/div>\n  \n      <div class=\"profile__contact-row\">\n\n              <div class=\"profile__contact-cell profile__contact-cell--office\">\n          <h6 class=\"wp-block-heading has-h-8-font-size\" style=\"font-weight: 500; text-transform: uppercase; margin-top: 0px;\">\n          Office\n        <\/h6>\n        <p class=\"has-p-2-font-size\" itemprop=\"workLocation\">\n          538        <\/p>\n      <\/div>\n                    <div class=\"profile__contact-cell profile__contact-cell--bu\">\n          <h6 class=\"wp-block-heading has-h-8-font-size\" style=\"font-weight: 500; text-transform: uppercase; margin-top: 0px\">\n            Boston University <br \/>\n            Questrom School of Business\n          <\/h6>\n                        <p class=\"has-p-2-font-size\" itemprop=\"address\">\n                Rafik B. Hariri Building <br \/>\n                595 Commonwealth Avenue <br \/>\n                Boston, MA 02215\n              <\/p>\n                  <\/div>\n          <\/div>\n  <\/aside><\/div>\n\n\n\n<div class=\"wp-block-column profile__right-column is-layout-flow wp-container-core-column-is-layout-3bd72ab2 wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group profile__header-container has-global-padding is-layout-constrained wp-container-core-group-is-layout-7db9d80f wp-block-group-is-layout-constrained\" style=\"padding-right:0;padding-left:0\">\n<div class=\"wp-block-group profile__header-content has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\"><h2 class=\"wp-block-post-title\">Michael Smith<\/h2>\n<div class=\"alignfull wp-block-amp-profile-position\">\n\t\t\t<p class=\"has-text-align-left has-text-transform-uppercase has-p-2-font-size\" style=\"text-transform: uppercase; font-weight: 600\">\n\t\t\tAssociate Professor, Accounting\t\t<\/p>\n\t<\/div>\n<\/div>\n<\/div>\n\n\n\n\n\n\n<div class=\"wp-block-amp-profile-data profile-data\">\n\n<div class=\"wp-block-group profile__data-section has-global-padding is-layout-constrained wp-block-group-is-layout-constrained wp-block-amp-profile-education\">\n\t<h5 class=\"wp-block-heading\" style=\"font-weight: 500\">\n\tEducation\t<\/h5>\n\n\t<div class=\"wp-block-group profile__data-row has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n\t\t<p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">PhD, Stanford University, 1998<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">BS, University of Pennsylvania, 1984<\/p>\t\t<\/p>\n\t<\/div>\n<\/div>\n\n\n\n\n<div class=\"wp-block-group profile__data-section has-global-padding is-layout-constrained wp-block-group-is-layout-constrained wp-block-amp-profile-publications\">\n\t<h5 class=\"wp-block-heading\" style=\"font-weight: 500\">\n\tPublications\t<\/h5>\n\n\t<div class=\"wp-block-group profile__data-row has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n\t<p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Smith, M. (2021). &#8220;Monetizing Virtuous Employees&#8221;, <i>Accounting, Organizations and Society<\/i><\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Levine, C., Smith, M. (2019). &#8220;Clawbacks and Earnings Management&#8221;, <i>Journal of Management Accounting Research<\/i>, <i>31<\/i> (3),  129-151<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Smith, M. (2015). &#8220;Accounting Conservatism and the Efficient Provision of Capital to Privately Informed Firms&#8221;, <i>Contemporary Accounting Research<\/i>, <i>32<\/i> (2),  485-+<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Smith, M. (2015). &#8220;Shareholders&#8217; preference for excessively risky projects, equilibrium debt contracts, and bailouts&#8221;, <i>Journal of Accounting and Public Policy<\/i>, <i>34<\/i> (3),  244-266<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Narayanan, V., Smith, M. (2013). &#8220;Competition and Cost Accounting&#8221;, <\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Levine, C., Smith, M. (2011). &#8220;Critical Accounting Policy Disclosures&#8221;, <i>Journal of Accounting, Auditing &amp; Finance<\/i>, <i>26<\/i> (1),  39-76<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Smith, M. (2010). &#8220;Geeksploitation: Optimism and Monitoring-Aversion in Agency Relationships&#8221;, <i>Journal of Management Accounting Research<\/i>, <i>22<\/i> (1),  133-156<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Smith, M. (2007). &#8220;Accounting Conservatism and Real Options&#8221;, <i>Journal of Accounting, Auditing &amp; Finance<\/i>, <i>22<\/i> (3),  449-467<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Francis, J., Smith, M. (2005). &#8220;A reexamination of the persistence of accruals and cash flows&#8221;, <i>Journal of Accounting Research<\/i>, <i>43<\/i> (3),  413-451<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Levine, C., Smith, M. (2004). &#8220;Information Externalities, Underinvestment, and Organizational Remedies&#8221;, <i>Journal of Accounting, Auditing &amp; Finance<\/i>, <i>19<\/i> (4),  435-455<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Levine, C., Smith, M. (2003). &#8220;Ex Post Voluntary Disclosure Strategies for Insiders&#8221;, <i>Contemporary Accounting Research<\/i>, <i>20<\/i> (4),  719-746<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Levine, C., Smith, M. (2003). &#8220;Information dissemination by insiders in equilibrium&#8221;, <i>Journal of Financial Markets<\/i>, <i>6<\/i> (1),  23-47<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Smith, M. (2002). &#8220;Tax and Incentive Trade-Offs in Multinational Transfer Pricing&#8221;, <i>Journal of Accounting, Auditing &amp; Finance<\/i>, <i>17<\/i> (3),  209-236<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Smith, M. (2002). &#8220;Gaming Nonfinancial Performance Measures&#8221;, <i>Journal of Management Accounting Research<\/i>, <i>14<\/i> (1),  119-133<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Smith, M. (2002). &#8220;Ex Ante and Ex Post Discretion over Arm&#8217;s Length Transfer Prices&#8221;, <i>The Accounting Review<\/i>, <i>77<\/i> (1),  161-184<\/p><p class=\"has-text-align-left has-neutral-01-color has-text-color has-link-color has-p-2-font-size\">Narayanan, V., Smith, M. (2000). &#8220;Impact of Competition and Taxes on Responsibility Center Organization and Transfer Prices&#8221;, <i>Contemporary Accounting Research<\/i>, <i>17<\/i> (3),  497-529<\/p>\t\t<\/p>\n\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"bu_is_from_api":true,"buID":"U73440075","lastName":"Smith","firstName":"Michael","middleName":"","suffixName":"","phone":"617-353-6673","email":"msmith22@bu.edu","pronouns":"","cv":"http:\/\/questromapps.bu.edu\/faculty\/uploadFiles\/cvUploadsProfile\/AC_Smith_Michael_CV.pdf","website":"","office":"538","address":"595 Commonwealth Ave","bio":"","bu_profile_image_url":"http:\/\/questromapps.bu.edu\/images\/facstaff\/SmithMichael.jpg","position":["Associate Professor, Accounting"],"education":["PhD, Stanford University, 1998","BS, University of Pennsylvania, 1984"],"publications":["Smith, M. (2021). \"Monetizing Virtuous Employees\", <i>Accounting, Organizations and Society<\/i>","Levine, C., Smith, M. (2019). \"Clawbacks and Earnings Management\", <i>Journal of Management Accounting Research<\/i>, <i>31<\/i> (3),  129-151","Smith, M. (2015). \"Accounting Conservatism and the Efficient Provision of Capital to Privately Informed Firms\", <i>Contemporary Accounting Research<\/i>, <i>32<\/i> (2),  485-+","Smith, M. (2015). \"Shareholders' preference for excessively risky projects, equilibrium debt contracts, and bailouts\", <i>Journal of Accounting and Public Policy<\/i>, <i>34<\/i> (3),  244-266","Narayanan, V., Smith, M. (2013). \"Competition and Cost Accounting\", ","Levine, C., Smith, M. (2011). \"Critical Accounting Policy Disclosures\", <i>Journal of Accounting, Auditing &amp; Finance<\/i>, <i>26<\/i> (1),  39-76","Smith, M. (2010). \"Geeksploitation: Optimism and Monitoring-Aversion in Agency Relationships\", <i>Journal of Management Accounting Research<\/i>, <i>22<\/i> (1),  133-156","Smith, M. (2007). \"Accounting Conservatism and Real Options\", <i>Journal of Accounting, Auditing &amp; Finance<\/i>, <i>22<\/i> (3),  449-467","Francis, J., Smith, M. (2005). \"A reexamination of the persistence of accruals and cash flows\", <i>Journal of Accounting Research<\/i>, <i>43<\/i> (3),  413-451","Levine, C., Smith, M. (2004). \"Information Externalities, Underinvestment, and Organizational Remedies\", <i>Journal of Accounting, Auditing &amp; Finance<\/i>, <i>19<\/i> (4),  435-455","Levine, C., Smith, M. (2003). \"Ex Post Voluntary Disclosure Strategies for Insiders\", <i>Contemporary Accounting Research<\/i>, <i>20<\/i> (4),  719-746","Levine, C., Smith, M. (2003). \"Information dissemination by insiders in equilibrium\", <i>Journal of Financial Markets<\/i>, <i>6<\/i> (1),  23-47","Smith, M. (2002). \"Tax and Incentive Trade-Offs in Multinational Transfer Pricing\", <i>Journal of Accounting, Auditing &amp; Finance<\/i>, <i>17<\/i> (3),  209-236","Smith, M. (2002). \"Gaming Nonfinancial Performance Measures\", <i>Journal of Management Accounting Research<\/i>, <i>14<\/i> (1),  119-133","Smith, M. (2002). \"Ex Ante and Ex Post Discretion over Arm's Length Transfer Prices\", <i>The Accounting Review<\/i>, <i>77<\/i> (1),  161-184","Narayanan, V., Smith, M. 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