Faculty & Staff Directory

iconiconNameSteve LimImageSteve LimFirstnameSteveLastnameLimOffice Phone(817) 257-7536
Position:Associate Professor, AccountingDepartment:Accounting DepartmentOffice:Neeley 3211Role:FacultyEducation
  • Wharton School, The University of Pennsylvania (Ph.D. in Accounting) 1989
  • Korea University (Master in Accounting) 1980
  • Korea University (Bachelor in Business Administration) 1976
Areas of Expertise / Research
  • Analysts Earning Forecasts
  • Market Expectation on Earnings
Courses Taught
  • Financial Accounting
  • Intermediate Accounting I
  • Intermediate Accounting II
  • Cost Accounting
  • Financial Statement Analysis
  • Accounting & Valuation
  • Advanced Financial Reporting
Key Publications
  • "Intangible assets and capital structure" with Antonio Macias and Thomas Moeller. Journal of Banking and Finance (2020) 105873
  • "An analytical measure of market underreaction to earnings news" with Kee Chung, Oliver Kim, and Sean Yang. International Review of Economics and Finance (2019) pp. 612-624.
  • "Credit capacity extension as economic benefits of operating leases: Evidence from borrowing costs and credit ratings" with Steven C. Mann and Vassil Mihov, Journal of Corporate Finance (2017) pp. 100-114.
  • "Earnings comparability and informed trading" with Sangwan Kim, Finance Research Letters (2017) pp.130-136.
  • "The effect of IPRD capitalization on M&A and purchase price allocations" with Thomas Dowdell, Research in Accounting Regulation (2015) pp. 51-56.
  • "The moderating role of tax-related internal control weakness in the market valuation of unrecognized tax benefits" with Allison Koester and Robert Vigeland, Journal of American Taxation Association (2015) pp. 129-155.
  • "The Information Content of Disaggregated Accounting Profitability: Operating Activities versus Financing Activities" Review of Quantitative Finance and Accounting (2014) pp. 75-96.
  • "Sales Margin and Margin Capitalization Rates: Linking Marketing Activities to Shareholder Value" with Robert Lusch, Journal of Academy of Marketing Science (2011) pp. 647-663.
  • "Two Conflicting Definitions of Relevance in the FASB Conceptual Framwork" with Myojung Cho and Oliver Kim, Journal of Accounting and Public Policy (2010) pp.604-611.
  • "Testing for Income Smoothing Using the Backing Out Method: A Review of Specification Issues" with Steve Lustgarten, Review of Quantitative Finance and Accounting (2002) pp.273-289.
  • "The Inefficiency of the Mean Analyst Forecasts as a Summary Forecast of Earnings" with Oliver Kim and Ken Shaw, Journal of Accounting Research (2001) pp. 329-336.
  • "Using Analysts Forecasts to Measure Properties of Analysts Information Environment" with Orie Barron, Oliver Kim, and Doug Stevens, The Accounting Review (1998) pp. 421-433.
  • "A Note on Conditional Heteroscedasticity in the Market Model" with Frank Diebold and Jevons Lee, Journal of Accounting, Auditing & Finance (1993) pp. 141-150.
Awards / Recognition
  • Fulbright Scholarship
  • Honorary member of the Golden Key National Honor Society
  • Manuscript Award in IBES research competition (5th Annual Conference of Chicago Quantitative Alliance, 1998)
  • Distinguished paper award (Northeast American Accounting Association Annual Meeting, 2007)
International Experience
  • Bank of Korea (1976-1980)
  • KangWon National University in Korea (1981-1989)
  • The City University of Hong Kong (visiting scholar)
  • The Chinese University of Hong Kong (visiting scholar)
Hobbies / Interests
  • Hiking