University of Southern California

Mark DeFond
A. N. Mosich Chair in Accounting and Professor of Accounting

USC Marshall School of Business
Los Angeles, CA 90089-0808

Phone: 
213-740-5016
Education: 
PhD, University of Washington; BA, San Francisco State University

Overview

Mark DeFond studies financial accounting, auditing, and international accounting. He is widely published and one of the 25 most cited authors in accounting. Professor DeFond is a board member of several leading academic journals and a recipient of several research awards, including the Notable Contribution to Auditing Literature Award and the Mellon Award for Excellence in Mentoring Faculty. He has held visiting professorships at universities in Hong Kong and Singapore. He is also a CPA (inactive), a four time winner of the MBA Golden Apple teaching award, and was ranked among the ten most outstanding USC MBA faculty by BusinessWeek.

Research

De Fond, M. L., Erkens, D. H., and Zhang, J. (2013) "Do Client Characteristics Really Drive Big N Quality Differentiation?,".
De Fond, M. L., Hung, M. Y., Li, S., and Li, Y. (2013) "Does Mandatory IFRS Adoption Affect Crash Risk?,".
De Fond, M. L., Konchitchki, Y., McMullin, J. L., and O'Leary, D. E. (2013) "Capital Markets Valuation and Accounting Performance of Most Admired Knowledge Enterprise (MAKE) Award Winners," Decision Support Systems, 56, 348-360.
De Fond, M. L., Lim, C. Y., and Zang, Y. (2013) "Do Auditors Value Client Conservatism?,".
De Fond, M. L., and Zhang, J. (2013) "A Review of Archival Auditing Research,".
De Fond, M. L., Gao, X., Li, O., and Li, L. (2013) "Did China’s IFRS Adoption Attract More Foreign Investment?," 12.
De Fond, M. L., Hu, X., Hung, M. Y., and Li, S. (2012) "Has the Widespread Adoption of IFRS Harmed US Firms’ Ability to Attract Foreign Capital?," Journal of International Accounting Research, 11, 27-55.
De Fond, M. L. (2012) "The Consequences of Protecting Audit Partners' Personal Assets from the Threat of Liability: A Discussion," Journal of Accounting and Economics, 54.
De Fond, M. L., Hung, M. Y., Karaoglu, E., and Zhang, J. (2011) "Was Sarbanes Oxley Good News for the Bond Market?," Accounting Horizons, 25 (3), 465-485.
De Fond, M. L., Hu, X., Hung, M. Y., and Li, S. (2011) "The Impact of IFRS Adoption on Mutual Fund Ownership: The Role of Comparability," Journal of Accounting and Economics, 51 (3), 240-258.
De Fond, M. L. (2010) "How Should the Auditors be Audited? Comparing the PCAOB Inspections with the AICPA Peer Reviews," Journal of Accounting and Economics, 49, 104-108.
De Fond, M. L. (2010) "Earnings quality research: Advances, challenges and future research," Journal of Accounting and Economics, 50, 402-409.
De Fond, M. L., Hung, M. Y., and Covrig, V. (2007) "Home Bias, Foreign Mutual Fund Holdings, and Voluntary Adoption of International Accounting Standards," Journal of Accounting Research, 45, 41-70.
De Fond, M. L., and Hung, M. Y. (2007) "Investor Protection and Analysts' Cash Flow Forecasts Around the World," Review of Accounting Studies.
De Fond, M. L., Hung, M. Y., and Trezevant, R. H. (2007) "Investor Protection and the Information Content of Annual Earnings Announcements: International Evidence," Journal of Accounting and Economics, 43, 37-67.
De Fond, M. L., and Francis, J. (2005) "Auditing Research after Sarbanes-Oxley," Auditing: A Journal of Practice and Theory, 25, 5-30.
De Fond, M. L., Hann, R., and Hu, X. (2005) "Does the Market Value Financial Expertise on the Audit Committees of Boards of Directors?," Journal of Accounting Research, 43, 154-194.
De Fond, M. L. (2004) "Discussion of the Riskiness of Large Audit Firm Client Portfolios and Changes in Audit Liability Regimes: Evidence from the US Audit Market.," Contemporary Accounting Research, 21.
De Fond, M. L., and Hung, M. Y. (2004) "Investor Protection and Corporate Governance: Evidence from Worldwide CEO Turnover," Journal of Accounting Research, 42, 269-312.
De Fond, M. L., and Hung, M. Y. (2003) "An Empirical Analysis of Analysts' Cash Flow Forecasts.," Journal of Accounting and Economics, 35, 75-100.
Chen, S., De Fond, M. L., and Park, C. W. (2002) "Voluntary Disclosure of Balance Sheet Information in Quarterly Earnings Announcements," Journal of Accounting and Economics, 33, 229-251.
De Fond, M. L. (2002) "Discussion of The Balance Sheet as an Earnings management Constraint.," The Accounting Review, 77, 29-33.
De Fond, M. L., Raghunandan, K., and Subramanyam, K. R. (2002) "Do Non-Audit Service Fees Impair Auditor Independence?," Journal of Accounting Research, 40, 1247-1274.
De Fond, M. L., and Park, C. (2001) "The Reversal of Abnormal Accruals and the Market Valuation of Earnings Surprises," The Accounting Review (76), 375-404.
De Fond, M. L., Wong, T. J., and Li, S. (2000) "The Impact of Improved Auditor Independence on Audit Market Concentration in China," Journal of Accounting and Economics, 28, 269-305.
De Fond, M. L., Francis, J., and Wong, T. J. (2000) "Auditor Industry Specialization and the Market Segmentation: Evidence from Hong Kong," Auditing: A Journal of Practice and Theory, 19, 49-66.
De Fond, M. L. (2000) "Discussion of Differences in Conservatism Between Big Eight and Non-Big Eight Auditors," Proceedings of the 15th Illinois Audit Symposium.
De Fond, M. L., and Park, C. (1999) "The Effect of Competition on CEO Turnover," Journal of Accounting and Economics, 27, 35-56.
Becker, C., De Fond, M. L., Jiambalvo, J., and Subramanyam, K. R. (1998) "The Effects of Audit Quality on Earnings Management," Auditing: A Journal of Practice and Theory, 15, 1-24.
De Fond, M. L., and Subramanyam, K. R. (1998) "Auditor Changes and Discretionary Accruals," Journal of Accounting an Economics, 25, 35-68.
De Fond, M. L., and Blacconiere, W. (1997) "An Investigation of Audit Opinions and Subsequent Auditor Litigation of Publicly Traded Failed Savings and Loans.," Journal of Accounting and Public Policy, 16, 415-454.
De Fond, M. L., Ettredge, M., and Smith, D. (1997) "An Investigation of Auditor Resignations.," Research in Accounting Regulation, 11, 25-46.
De Fond, M. L., and Park, C. (1997) "Smoothing Income in Anticipation of Future Earnings.," Journal of Accounting and Economics, 23, 115-139.
De Fond, M. L., and Jiambalvo, J. (1994) "Debt Covenant Violation and Manipulation of Accruals.," Journal of Accounting and Economics, 17, 145-176.
De Fond, M. L., and Jiambalvo, J. (1993) "Factors Related to Auditor-client Disagreements Over Income-Increasing Accounting Methods," Contemporary Accounting Research, 9, 415-31.
De Fond, M. L. (1992) "The Association Between Changes in Client Firm Agency Costs and Auditor Switching," Auditing: A Journal of Practice and Theory, 11, 16-31.
De Fond, M. L., and Smith, D. B. (1991) "Discussion of the Financial and Market Effects of the SEC Accounting and Auditing Enforcement Releases.," Journal of Accounting Research, 29 (Supplement).
De Fond, M. L., and Jiambalvo, J. (1991) "Incidence and Circumstances of Accounting Errors.," The Accounting Review, 66, 643-355.