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5 forces remaking accounting
Change is afoot in accounting. MIT Sloan experts urge leaders to track ESG, artificial intelligence, blockchain, intangible capital, and “regtech.”
Oct 26, 2021
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Nemit Shroff
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Nemit Shroff is the School of Management Distinguished Professor and a Professor of Accounting at the MIT Sloan School of Management.
Shroff’s primary research interest concerns whether and why accounting disclosures such as audited financial statements, management forecasts, and press releases affect the corporate financing and investing policies of public and private companies. In addition, his research examines the reasons why corporate disclosure is regulated across the world and the economic consequences of regulating (or not regulating) disclosure. His research has been published in top accounting and finance journals and has received several awards, including the 2011 FARS Best Dissertation Award, the 2014 Competitive Manuscript Award, and the 2016 FARS Best Paper Award.
Born in India, Shroff earned his undergraduate degree from the University of Mumbai and his MBA from Amrita School of Business. He then came to the U.S. to pursue his doctoral degree at the University of Michigan.
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Publications
Featured Publication
"Real Effects of PCAOB International Inspections."
Shroff, Nemit. The Accounting Review Vol. 95, No. 5 (2020): 399-433. Download Paper.
Featured Publication
"Why Regulate Private Firm Disclosure and Auditing?"
Minnis, Michael, and Nemit Shroff. Accounting and Business Research Vol. 47, No. 5 (2017): 473-502.
"The Effects of Financial Reporting and Disclosure on Corporate Investment: A Review."
Roychowdhury, Sugata, Nemit Shroff, and Rodrigo Verdi. Journal of Accounting and Economics Vol. 68, No. 2-3 (2019): 101246. Download Paper.
"Disclosure Incentives When Competing Firms Have Common Ownership."
Park, Jihwon, Jalal Sani, Nemit Shroff, and Hal White. Journal of Accounting and Economics Vol. 67, No. 2-3 (2019): 387-415. Download paper.
"When Does the Peer Information Environment Matter?"
Shroff, Nemit, Rodrigo Verdi, and Benjamin P. Yost. Journal of Accounting and Economics Vol. 64, No. 2-3 (2017): 183-214.
"Does Auditor Regulatory Oversight Affect Corporate Financing and Investment Decisions?"
Shroff, Nemit, Working Paper. September 2017.
Recent Insights
Press
MIT Sloan study finds positive impact of auditor regulatory oversight
PCAOB inspection facilitates increased investment and capital raising
Aug 1, 2017
Media Highlights
Press
Source:
The Washington Post (Opinion Piece)
FTX lesson no. 1: Don't fall asleep in accounting class
"The lack of a serious accounting system or even basic internal controls contributed to the company's downfall."
Press
Source:
MarketWatch (Opinion Piece)