- Professor Leone is interested in economics-based empirical research on the interplay between management incentives, accounting choice, and capital markets. In addition to broad-based research in these areas, professor Leone has also conducted research focused on healthcare organizations.
“The importance of distinguishing errors from irregularities in restatement research: The case of restatements and CEO/CFO turnover,” 2008, with Karen Hennes and Brian Miller, forthcoming, The Accounting Review.
“Regression-based tests of the market pricing of accounting numbers: The Mishkin Test and Ordinary Least Squares,” 2007, with Art Kraft and Charles Wasley, Journal of Accounting Research, Vol. 45, 1081-1115.
“Disclosure of intended use of proceeds and underpricing in initial public offerings,” with Steve Rock and Mike Willenborg, 2007, Journal of Accounting Research, Vol. 45, 111-153.
“Asymmetric Sensitivity of CEO Cash Compensation to Stock Returns,” with Joanna Wu and Jerry Zimmerman, 2006, Journal of Accounting and Economics, Vol. 42, 167-192.
“An Analysis of the Theories and Explanations Offered for the Mis-Pricing of Accruals and Accrual Components,” with Art Kraft and Charles Wasley, 2006, Journal of Accounting Research Vol. 44, 297-339.
“Non-financial performance measures in the healthcare industry: Do quality-based incentives matter?,” with J. Harry Evans III and Nandu Nagarajan, 2005, Advances in Management Accounting, Vol. 14, 1-31.
"How do nonprofit hospitals manage earnings?," with R. Lawrence Van Horn, 2005, Journal of Health Economics 24, 815-837.
"Abnormal returns and the regulation of nonprofit hospital sales and conversions," with R. Lawrence Van Horn and Gerald J. Wedig, 2005, Journal of Health Economics Vol. 24, 113-135.
“Performance matched discretionary accrual measures,” with SP Kothari and Charles Wasley, 2005, Journal of Accounting and Economics Vol. 39, 163-197.
“An empirical analysis of auditor reporting and its association with abnormal accruals,” with M. Butler and M. Willenborg, 2004, Journal of Accounting and Economics Vol. 37, 139-165 (Lead Article).
"Capitalization versus expensing: Evidence on the uncertainty of future earnings from current R&D investments," with SP Kothari and Ted E. Laguerre, 2002, Review of Accounting Studies, Vol 7, 355-382 (Lead Article).
“Empirical tests of budget ratcheting and its effect on managers’ discretionary accrual choices," with Steve Rock, 2002, Journal of Accounting and Economics, Vol. 33, 43-76.
"The relation between efficient risk sharing arrangements and characteristics of the firm: Evidence from the managed care industry," 2002, Journal of Management Accounting Research, Vol 14, 99-117.
"Earnings-based bonus plans and earnings management by business-unit managers," with Flora Guidry and Steve Rock, 1999, Journal of Accounting and Economics, Vol. 26, 113-141.
"Process variation as a determinant of bank performance: Evidence from the retail banking industry," with F. Frei, R. Kalakota, and L. Marx, 1999, Management Science, Vol 45 No. 9, 1210-1220.
Teaching and Professional Experience
- Associate Professor of Accounting, Smeal College of Business, Penn State University, 2005-present
- Associate Professor of Accounting, W.E. Simon Graduate School of Business, University of Rochester, 2003-2005
- Visiting Assistant Professor of Accounting, University of Michigan Business School, July 2002-June 2003
- Visiting Assistant Professor of Accounting, Graduate School of Business, University of Chicago, Spring 2001
- Assistant Professor of Accounting, W.E. Simon Graduate School of Business, University of Rochester, 1997-2003
- Ph.D., Accounting, Minor in Finance, University of Pittsburgh, 1997
- MBA, The University of New Hampshire, 1991
- B.S., Accounting (Magna Cum Laude), Quinnipiac University, 1984
- Management Accounting
- Financial Accounting