Faculty & Staff Directory

iconiconNameMary StanfordImageMary StanfordFirstnameMaryLastnameStanfordOffice Phone(817) 257-7483
Position:Department ChairDepartment:Accounting DepartmentOffice:Neeley 3220 Professorship / Chair:Duncan FellowRole:FacultyEducation
  • Ph.D. University of Michigan 1994
  • MPA University of Texas at Arlington 1984
  • CPA in Texas 1984
  • BBA University of Texas at Arlington 1981
Areas of Expertise / Research
  • My research investigates how a firms economic environment affects the content and timing of managers accounting disclosures and the usefulness to capital market participants of alternative accounting measures as reflected in security prices and returns. I have studied the cause and consequences of managers’ business segment disclosure decisions, the usefulness and reliability of fair values for real estate, the effect of accounting conservatism on firms’ cost of debt, how investors’ private information is revealed in trading volume, the effect of fee structures on credit ratings, and how accruals quality affects analysts coverage.
Courses Taught
  • Accounting & Global Perspectives
  • Advanced Financial Accounting
  • Ethics for Accounting Professionals
  • Contemporary Accounting Issues
  • Financial Statement Analysis
Key Publications
  • “The Effect of Analyst Forecasts during Earnings Announcements on Investor Responses to Reported Earnings”, with Gerry Lobo and Minsup Song. The Accounting Review, vol. 92, no. 3, pp 239-63, May 2017.
  • “Does it Matter Who Pays for Bond Rating? Historical Evidence" with John (Xuefeng) Jiang and Yuan Xie, Journal of Financial Economics, vol. 105, issue 3, September 2012.
  • “Accruals Quality and Analysts Coverage” with Gerry Lobo, and Minsup Song, The Journal of Banking and Finance, Feb. 2012 vol. 36, issue 2, pp 497-508.
  • “Further Evidence on the Relation Between Analysts Forecast Dispersion and Stock Returns” with Orie Barron and Yong Yu, Contemporary Accounting Research. (Summer 2009) vol. 26 issue 3, pp 329-357.
  • Managers Motives to Withhold Segment Disclosures and the Effect of SFAS 131 on Analysts Information Environment with Christine Botosan, The Accounting Review (July 2005) pp 751-771
  • “Evidence that Investors Trade on Private Event-Period Information Around Earnings Announcements” with Orie Barron and David Harris, The Accounting Review (April 2005) pp 403-421.
  • “Accounting Conservatism and Cost of Debt: An Empirical Test of Efficient Contracting,” with Anwer Ahmed, Bruce Billings, and Richard Morton, The Accounting Review (Oct. 2002) pp 867-890.
  • The Reliability of Investment Property Fair Value Estimates, with J. Richard Dietrich, and Karl Muller III, The Journal of Accounting and Economics, vol (2000)pp 125-158, lead article
  • "Motivations for Changes in Disclosure Frequency and its Consequences: An Examination of Voluntary Quarterly Segment Disclosures," with Christine Botosan, Journal of Accounting Research (Fall 2000) pp 329-353
  • "The Market Valuation of IAS versus U.S. GAAP Accounting Measures using Form 20-F Reconciliations," with Karl Muller III, Journal of Accounting and Economics (January 1999) pp 285-312
  • "The Association Between Competition and Managers' Business Segment Reporting Choices," Journal of Accounting Research (Spring 1998) pp 111-128
Awards / Recognition
  • Board of Directors, American Accounting Assoc. 2019-22
  • Board of Directors, Texas Society of CPAs, 2018-21
  • Editor for Contemporary Accounting Research, 2010-2014
  • Editorial Board of The Accounting Review. 2008-2010
  • Steering Committee of the Financial Accounting and Reporting Section of the American Accounting Association, 2009-2013
  • Board of Directors of American Locker Group, Inc., Chair of the Audit Committee, 2005-2014
  • TCU, Neely School of Business Undergraduate Teach award, May 2010
  • Outstanding accounting alumni from the University of Texas at Arlington, Spring 2008
  • TCU, Dean’s Research Award, 2007
  • Co-author of the Health Industry Distributor Association Financial Performance Survey
  • Duncan Faculty Fellowship