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Jonathan Black

Jonathan Black

Assistant Professor of Management



Ph.D., Accounting, University of Colorado at Boulder

BSBA, Accounting, Bucknell University

CPA, Connecticut (inactive)


"The Association between SFAS No. 157 Fair Value Hierarchy Information and Conditional Accounting Conservatism" with Jeff Chen and Marc Cussatt, The Accounting Review, 2018, Volume 93(5): 119-144.

"Information Production and the Duration of Accounting Fraud" with Mattias Nilsson, Roberto Pinheiro, and Maximiliano Barbosa da Silva, Journal of Law, Finance, and Accounting, 2021, Volume 6(2): 263-314

"Legal Expertise and the Role of Litigation Risk in Firms' Conservatism Choices" with Chad Ham, Michael Kimbrough, and Ha Yoon Yee, The Accounting Review, 2022, Volume 97(4): 105-129

"Managerial Discretion and the Comparability of Fair Value Estimates" with Jeff Chen and Marc Cussatt, Journal of Accounting and Public Policy, 2022, Volume 41(1): 106878

Working Papers

"Determinants and Consequences of Management's Reporting Materiality Discretion" with Ted Goodman and Preeti Choudhary

"Does organized labor influence how firms use tax savings? Evidence from the Tax Cuts and Jobs Act of 2017" with Thomas Godwin and Rick Laux

"Does fair value accounting affect how banks convey information about future performance? Evidence from SFAS 115" with Thomas Godwin and David Harris

  • financial report

    Legal Expertise in Top Management: Does it Lead to Conservatism in Accounting?

    Lawsuits filed in the last few years illustrate a well-founded belief in accounting circles: overstatements in financial reporting are more likely to trigger lawsuits than understatements because it's easier to show investor harm. "If a company understates, people are surprised in a good way," says Jonathan Black, assistant professor of accounting in Krannert School of Management. "The economic reality is better than the picture that was painted in the financial statements, so they are less likely to initiate a lawsuit."

    Full story: Legal Expertise in Top Management: Does it Lead to Conservatism in Accounting?

  • Discretion used in financial reporting

    Accounting professor Jonathan Black discusses his research on discretion in financial reporting

Office: RAWL 4038

Area(s) of Expertise

Disclosure Quality, Capital Markets, Shareholder Litigation, Fair Value Accounting