Education: B.S., Meredith College; MBA, Duke
University; Ph.D., University of North Carolina
Almand R. Coleman Professor of Business Administration Luann J. Lynch
teaches Accounting in the First Year core MBA program and a Second Year elective
in management accounting. She is frequently recognized for her outstanding
teaching; she was the recipient of the University of Virginia Alumni Board of
Trustees Teaching Award and elected Faculty Marshall in 2000 and 2013, was nominated for
the Outstanding Faculty Award from the State Council of Higher Education for
Virginia (SCHEV) in 2001, has been recognized as an Outstanding Professor in
BusinessWeek’s Guide to the best Business Schools and is frequently
nominated for the Outstanding Faculty Award at Darden.
Her research
interests are primarily in the design and impact of incentive and compensation
systems. The focus of her work can be broadly characterized as an exploration of
how incentives and compensation systems are structured to encourage the desired
behavior by the individuals or organizations. In particular, her work has
examined incentive issues associated with stock options, compensation in
post-merger integration efforts and the effect of financial reporting,
accounting and regulation on incentive compensation. She has published her work
in leading accounting and finance journals, including The Accounting
Review, Journal of Accounting and Economics, Journal of
Financial Economics and Review of Accounting Studies. From
2006–09, she held the Robert F. Vandell research chair at Darden in recognition
of her research contributions. In 2006, she received the Glen McLaughlin Prize
for Research in Accounting Ethics for work related to compensation around the
implementation of the Sarbanes-Oxley Act. From 2005–08, she served as Darden’s
Associate Dean for Intellectual Capital.
Lynch spent the 2004–05 academic
year teaching at the Wharton School at the University of Pennsylvania.
Prior to joining the faculty at the Darden School, she taught in the Master
of Accounting program at the Kenan-Flagler Business School at the University of
North Carolina. She was assistant vice president at Roche Biomedical
Laboratories, Inc., held positions in finance and accounting at Roche, Northern
Telecom (NorTel) and Procter & Gamble. She holds an MBA from Duke
University’s Fuqua School of Business and a doctorate in accounting from the
University of North Carolina.
Selected Publications
Albuquerque, A., M.E. Carter and
L.J. Lynch. "Court Intervention as a Governance Mechanism Over CEO Pay: Evidence From the Citigroup Derivative Lawsuit,"
European Accounting Review special issue on Regulation and Disclosure of Executive Compensation, (forthcoming).
Cadman, B., M.E. Carter and
L.J. Lynch. "Executive Compensation Restrictions: Do They Restrict Firms' Willingness to Participate in Tarp?"
Journal of Business Finance and Accounting, Vol. 39, No. 7 (2012): p. 997-1027.
Lynch, Luann J. and Susan Perry Williams. "Does Equity Compensation Compromise Audit Committee Independence? Evidence from Earnings Management,"
Journal of Managerial Issues, Vol. XXIV, No. 3 (2012): p. 293-320.
Frank, M.M.,
L.J. Lynch and S.O. Rego, (2009), "Tax Reporting Aggressiveness and Its Relation to Aggressive Financial Reporting,"
The Accounting Review, 84 (2), p. 467-496.
Carter, M.E.,
L.J. Lynch and S.C. Zechman, (2009), "Changes in Bonus Contracts in the Post-Sarbanes-Oxley Era,"
Review of Accounting Studies, 14 (4).
Carter, M.E.,
L.J. Lynch and A.I. Tuna, (2007), "The Role of Accounting in the Design of CEO Equity Compensation,"
The Accounting Review, 82 (2), p. 327-358.
Carter, M.E. and
L.J. Lynch,(2004), "The Effect of Stock Option Repricing on Employee Turnover,"
Journal of Accounting and Economics, 37 (1), p. 91-112.
Balachandran, S., M.E. Carter and
L.J. Lynch,(2004), "Sink or Swim? Firms' Responses to Underwater Stock Options,"
Journal of Management Accounting Research special issue on The Use of Stock Options in Employee Incentive Plans, Vol. 16, p. 1-18.
Carter, M.E. and
L.J. Lynch, (2003), "The Consequences of the FASB's 1998 Proposal on Accounting for Stock Option Repricing,"
Journal of Accounting and Economics, 35 (1), p. 51-72.
L.J. Lynch, (2003), "The Effect of Medicare Capital Prospective Payment Regulation: Additional Evidence From Hospital Financing Decisions,"
Journal of Accounting and Public Policy, 22 (2), p. 151-173.
L.J. Lynch and S. Perry, (2003), "An Overview of Management Compensation," with S. Perry,
Journal of Accounting Education, 21 (1), p. 43-60.
L.J. Lynch and S. Perry, (2002), "An Examination of Pre-Merger Executive Compensation Structure in Merging Firms,"
Journal of Managerial Issues, XIV (3), p. 279-295.
Carter, M.E. and
L.J. Lynch, (2001), "An Examination of Executive Stock Option Repricing,"
Journal of Financial Economics, 61, p. 207-225.
Books
Allen, B.R., E.R. Brownlee, M.E. Haskins and
L.J. Lynch,(2010),
Cases in Managerial and Cost Accounting, Cambridge Business Publishers.
Allen, B.R., E.R. Brownlee, M.E. Haskins, and
L.J. Lynch,(2010) Instructor's Manual for Cases to accompany
Managerial and Cost Accounting. Cambridge Business Publishing.
Allen, B.R. and
L.J. Lynch,(2006),
The Executive's Guide to Management Accounting and Control Systems, 7th edition, Thomson.
Allen, B.R., E.R. Brownlee, M.E. Haskins and
L.J. Lynch, (2004),
Cases in Management Accounting and Control Systems, 4th edition, Prentice Hall.
Working Papers
Frank, M.M.,
L.J. Lynch, S.O. Rego, and R. Zhao, (2015), "Do Firms with Aggressive Reporting Practices Engage in Decisions Indicative of a Risk-Taking Corporate Culture?"
Albuquerque, A., M.E. Carter and
L.J. Lynch, (2014), "Complexity of CEO Compensation Packages: Obfuscation or Transparency?"
Carter, M.E., and
L.J. Lynch, (2014), "Academic Research on SFAS 123R: Prepared for the Financial Accounting Foundation's Post Implementation Review of SFAS 123R: Share-Based Payments."
Carter, M.E., and
L.J. Lynch, (2014), "Compensation Committee Attributes and the Treatment of Earnings in Bonuses."
Cadman B., M.E. Carter and
L.J. Lynch, (2010), "Executive Pay Restrictions: Do They Restrict Firms' Willingness to Participate in TARP?"
Lynch, L.J., G. Pownall and P. Simko, (2010), "Voluntary Disclosures of Organic Growth."
Frank, M.M.,
L.J. Lynch and S.O. Rego, (2009), "Are Aggressive Reporting Practices Associated With Other Aggressive Corporate Policies?"
Lynch, L.J. and S.P. Williams, (2009), "Does Equity Compensation Compromise Audit Committee Independence? Evidence From Earnings Management."
Carter, M.E.,
L.J. Lynch and T. Zamora, (2009), "The Americanization of CEO Pay in European Firms."
Carter, M.E. and
L.J. Lynch,(2007), "Agency Issues in Compensation Contract Design: Evidence From the Change in Accounting for Stock Option Repricings."