Edwige Cheynel

Associate Professor of Accounting

Edwige Cheynel

Edwige Cheynel

Edwige Cheynel’s primary area of research is exploring the relationship between disclosure, financial markets and the cost of capital. She has approached the question of disclosure and the cost of capital from three avenues, all of which involve understanding a firm’s disclosure as a choice that it makes. The first avenue specifically focuses on the problem of firms raising capital for the purpose of investment decisions and how these investment decisions are related to the disclosure. The second avenue focuses on the disclosure as a choice made by both a standard-setting body and firms. The third avenue looks specifically at how characteristics of the market environment (both financial or product market) may determine the type of disclosures that are made. Edwige received the William Larimer Mellon Fellowship from Carnegie Mellon University in 2004-2007 and the Alexander Henderson Award for Excellence in Economic Theory from Tepper Business School, Carnegie Mellon University in 2010. She has published in the top journals in accounting, such as The Review of Accounting Studies, The Journal of Accounting Research and The Accounting Review. She earned an M.S. from the HEC School of Management in 2002 and a M.S. from Carnegie Mellon University in 2006. In 2010, Cheynel earned a Ph.D. from Carnegie Mellon University.

Area of Expertise

Accounting, Auditing, Corporate Governance, Financial Reporting, Managerial Accounting, Regulation, Economics, Financial Economics

Education

  • Ph D 2010, Carnegie Mellon University
  • MS 2006, Carnegie Mellon University
  • MS 2002, HEC School of Management

Awards/Honors

  • Excellence in Teaching Award for Flex Evening MBAs, 2019
  • Excellence in Teaching Award for Flex Weekend MBAs, 2019
  • Alexander Henderson Award for Excellence in Economic Theory, Carnegie Mellon University, Tepper Business School School, 2010

Teaching Interests

Financial Accounting

Research Interests

Financial Disclosure and Capital Markets

Personal Interests

Hiking, Traveling

Selected Publications

  • "Analysts' Sale and Distribution of Non-Fundamental Information", Review of Accounting Studies, Issue 2, 352-388, with Carolyn Levine, 2012
  • "A Theory of Voluntary Disclosures and Cost of Capital", Review of Accounting Studies, Issue 4, 2013
  • "Toward a Positive Theory of Disclosure Regulation: In Search of Institutional Foundations", The Accounting Review, Issue 3, 789-824, with Jeremy Bertomeu, 2013
  • "Disclosure and the Cost of Capital: A Survey of Theoretical Literature", Issue 2, 221-258, with Jeremy Bertomeu, 2016
  • "Are the Fama French factors treated as risk? Evidence from CEO compensation", European Financial Management, Issue 5, 728-774, with Jeremy Bertomeu, Michelle Liu-Watts, 2018
  • "Public Disclosures and Information Asymmetry: A Theory of the Mosaic", The Accounting Review, with Carolyn Levine, 2020
  • "How Pervasive is Earnings Management? Evidence from a Structural Model", Management Science, Issue 8, 5145-5162, with Jeremy Bertomeu, E. Li, Y. Liang, 2020
  • "A Simple Structural Estimator of Disclosure Costs", Review of Accounting Studies, 201–245, with Michelle Liu-Watts, 2020
  • "Using machine learning to detect misstatements", Review of Accounting Studies, Issue 2, 468-519, with Jeremy Bertomeu, Eric Floyd, Wenqiang Pan, 2020
  • "Asset Management with Imperfect Credit Markets", Journal of Accounting Research, Issue 5, 965-984, with Jeremy Bertomeu, 2015

Contact

Edwige Cheynel