Faculty Directory

Sarah McVay

 

Office: 553 PACCAR Hall
Phone: 206-616-2196
Fax: 206-685-1561
Email: smcvay(at)uw.edu

Foster School of Business
University of Washington
Box: 353226
Seattle, WA 98195-3200

Sarah McVay

Professor of Accounting
Deloitte & Touche Endowed Professor in Accounting

Education

PhD University of Michigan (2004)
BA University of Oregon (1997)

Academic Expertise

financial accounting

Current Research

Earnings quality, management disclosures, managerial ability, and the interactions between market participants

Positions Held

At the University of Washington since 2012
Faculty at University of Utah, 2007-2012
Faculty at New York University, 2004-2007
Senior Auditor at Arthur Andersen, Portland Oregon, 1998-2000
Staff Accountant at Moss Adams & Co., Vancouver Washington, 1997-1998

Selected Publications

  1. Costs and Benefits of Sarbanes-Oxley Section 404(b) Exemption: Evidence from Small Firms’ Internal Control Disclosures
    Journal Article: Ge, W., Koester, A. & McVay, S., (2017). Journal of Accounting and Economics, Vol. 63, pp. 368–384.
  2. Does Ineffective Internal Control over Financial Reporting affect a Firm’s Operations? Evidence from Firms’ Inventory Management
    Journal Article: Feng, M., Li, C., McVay, S., and Skaife, H., (2015). The Accounting Review, Vol. 90, pp. 529-557.
  3. An analysis of the implications of discontinued operations for continuing income
    Journal Article: Curtis, A., Mcvay, S. E., and Wolfe, M., (2014). Journal of Accounting and Public Policy, Vol. 33(2), pp. 190-201.
  4. Forecasting Sales: A Model and Some Evidence from the Retail Industry
    Journal Article: Curtis, A., Lundholm, R. J. and Mcvay, S. E, (2014). Contemporary Accounting Research, Vol. 31(2), pp. 581–608.
  5. The Disclosure of Non-GAAP Earnings Information in the Presence of Transitory Gains
    Journal Article: Curtis, A., Mcvay, S. E., and Wipple, B., (2014). The Accounting Review, Vol. 89(3), pp. 933-958.
  6. Managerial Ability and Earnings Quality
    Journal Article: Demerjian, P., Lev, B., Lewis, M., and McVay, S., (2012). The Accounting Review, Vol. 88(2), pp. 463-498.
  7. Quantifying Managerial Ability: A New Measure and Validity Tests
    Journal Article: Demerjian, P., Lev, B., and McVay, S., (2012). Management Science, Vol. 58(7), pp. 1229-1248.
  8. Manager-Specific Effects on Earnings Guidance: An Analysis of Top Executive Turnovers
    Journal Article: Brochet, F., Faurel, L., and McVay, S., (2011). Journal of Accounting Research, Vol. 49(5), pp. 1123-1162.
  9. Non-GAAP Earnings and Board Independence
    Journal Article: Frankel, R., McVay, S., and Soliman, M., (2011). Review of Accounting Studies, Vol. 16(4), pp. 719-744.
  10. Analysts’ Incentives to Overweight Management Guidance When Revising Their Short-Term Earnings Forecasts
    Journal Article: Feng, M., and McVey, S., (2010). The Accounting Review, Vol. 85(5), pp. 1617-1646.
  11. Internal Control and Management Guidance
    Journal Article: Feng, M., Li, C., and McVay, S., (2009). Journal of Accounting and Economics, Vol. 48(2-3), pp. 190-209.
  12. SEC Scrutiny and the Evolution of Non-GAAP Earnings Numbers
    Journal Article: Kolev, K., Marquardt, C., and McVay, S., (2008). The Accounting Review, Vol. 83(1), pp. 157-184.
  13. Accruals Quality and Internal Control over Financial Reporting
    Journal Article: Doyle, J., Ge, W., and McVay, S., (2007). The Accounting Review, Vol. 82(5), pp. 1141-1170.
  14. Determinants of Weaknesses in Internal Control over Financial Reporting
    Journal Article: Doyle, J., Ge, W., and McVay, S., (2007). Journal of Accounting and Economics, Vol. 44(1-2), pp. 193-223.
  15. Earnings Management Using Classification Shifting: An Examination of Core Earnings and Special Items
    Journal Article: McVay, S., (2006). The Accounting Review, Vol. 81(3), pp. 501-531.
  16. Trading Incentives to Meet the Analyst Forecast
    Journal Article: McVay, S., Nagar, V., and Tang, W., (2006). Review of Accounting Studies, Vol. 11(4), pp. 575-598.
  17. The Disclosure of Material Weaknesses in Internal Control after the Sarbanes-Oxley Act
    Journal Article: Ge, W., and McVay, S., (2005). Accounting Horizons, Vol. 19(3), pp. 137-158.

Working Papers

Adame, K., J. Koski and S. McVay. 2016. Free Cash Flow Disclosure in Earnings Announcements.
Cain, C., K. Kolev and S. McVay. 2016. Qualifying Special Items: An Identification and Examination of Lower-Quality versus Higher-Quality Income-Decreasing Special Items.
Chen, S., S. Lai, C. Liu and S. McVay. 2015. Managerial Characteristics and Internal Controls.
Curtis, A., S. McVay and S. Toynbee. 2017. The Changing Implications of Research and Development Expenditures for Future Profitability.
Curtis, A., S. McVay and S. Toynbee. 2017. R&D Accounting and the Tradeoff between Exclusivity and Uncertainty.
Demerjian, P., M. Lewis and S. McVay. 2017. How Does Intentional Earnings Smoothing Vary With Managerial Ability?
Ge, W., Z. Li, Q. Liu and S. McVay. 2017. The Effect of Internal Control on Resource Extraction: Evidence from China.
Kravet, T., S. McVay and D. Weber. 2017. Exemptions from Internal Control Audits: An Analysis of M&As.

Honors and Awards

PhD Faculty Mentor Award, 2016
TMMBA Excellence in Teaching Award, 2016
William & Helen Fowler Endowment for Special Achievement in Accounting, 2014
Deloitte and Touche Endowed Professorship, 2015-present
Legoe Endowed Professorship, 2012–2015
Outstanding Reviewer Award, 2011
Doctoral Faculty Teaching Excellence Award, 2011
David Eccles Faculty Fellow, 2011–2012
David Eccles Emerging Scholar, 2008–2011
Deloitte and Touche Fellowship, 2002
Beta Alpha Psi, President (Oregon Chapter), 1996–1997
Oregon State Society of CPAs Outstanding Student Award, 1997

Academic Service

Editor, Contemporary Accounting Research, 2014-present
Editorial Board, Accounting and Finance, 2012-present
Editorial Advisory and Review Board, Accounting Horizons, 2008-present
Editorial Advisory and Review Board, The Accounting Review, 2008-present
Editorial Board, Contemporary Accounting Research, 2010-2014