BIO

Professor Stephannie Larocque is a graduate of the University of Western Ontario (B.A. Hon.) and the University of Toronto (Ph.D.) as well as a CFA charterholder. A former equity research analyst, Professor Larocque's research now encompasses empirical capital markets including management forecasts, cost of equity capital, and analyst forecasts. Her research has been accepted for publication at The Accounting Review, Review of Accounting Studies, and Journal of Accounting and Public Policy.

AREAS OF EXPERTISE

• Financial Accounting

EDUCATION

• Ph D, University of Toronto
• BA, University of Western Ontario

TEACHING

• Decision Processes in Accounting

PUBLICATIONS

"The Effect of Disclosure on the Pay-Performance Relation," (with Ole-Kristian Hope, Gus De Franco), To appear in Journal of Accounting and Public Policy.

"I/B/E/S Reported Actual EPS and Analysts’ Inferred Actual EPS," (with Larry D Brown), To appear in The Accounting Review, 88, May, 2013.

"Analysts' Earnings Forecast Errors and Cost of Equity Capital Estimates,"  Review of Accounting Studies, 18, March, 2013, 135-166.

PRESENTATIONS

Stephannie Larocque, FARS, AAA, San Diego, CA, "Access to Management and the Informativeness of Analyst Research," (January12, 2013).

Stephannie Larocque, FARS Conference, AAA, San Diego, CA, "Analysts' Choice of Peer Companies," (January12, 2013).

Stephannie Larocque, University of Notre Dame, University of Notre Dame, Notre Dame, IN, "Managers' Cost of Equity Capital Estimates: Empirical Evidence," (November12, 2012).

Stephannie Larocque, Arizona State University, Tempe, Arizona, "Analysts' Choice of Peer Companies," (November2, 2012).

Stephannie Larocque, Purdue University, West Lafayette, IN, "Analysts' Choice of Peer Companies," (October12, 2012).

Stephannie Larocque, University of Iowa, Iowa City, "Analysts' Choice of Peer Companies," (October5, 2012).

Stephannie Larocque, University of Illinois Chicago, Chicago, "Analysts' Choice of Peer Companies," (October2, 2012).

Stephannie Larocque, AAA Annual Meeting, AAA, Washington, D.C. , "Analysts' Choice of Peer Companies," (August7, 2012).

Stephannie Larocque, FARS, American Accounting Association, Chicago, IL, "Discrepancy between I/B/E/S Actual EPS and Analysts' Inferred EPS," (January7, 2012).

Stephannie Larocque, University of Toronto, Toronto, Canada, "Analysts' Choice of Peer Companies," (December9, 2011).

Stephannie Larocque, Washington University, Olin Business School, St. Louis, "Discrepancy between I/B/E/S Actual EPS and Analyst EPS ," (October7, 2011).

Stephannie Larocque, AAA Annual Meeting, AAA, Denver, CO, "Inconsistency in I/B/E/S Actual Earnings Data," (August10, 2011).

Stephannie Larocque, University of Notre Dame, "Analysts' Choice of Peer Companies," (January26, 2011).

Stephannie Larocque, University of Minnesota, Minneapolis, "Adverse Consequences of Imprecision in the I/B/E/S Earnings Data Base," (December17, 2010).

Stephannie Larocque, University of Notre Dame, "The Adverse Consequences of Imprecision in the I/B/E/S Database," (December 1, 2010).

Stephannie Larocque, University of Toronto, Rotman School of Management, Toronto, Canada, "Do Managers Issue Guidance to Correct Analysts’ Forecast Errors That Are Unpredicted By the Market?" (October14, 2010).

Stephannie Larocque, AAA Annual Meeting, AAA, San Francisco, "Analysts' Forecast Errors and Cost of Equity Capital Estimates," (August4, 2010).

Stephannie Larocque, AAA Annual Meeting, AAA, San Francisco, "Do Managers Issue Guidance to Correct Analysts' Errors that are Unexpected by the Market?" (August3, 2010).

Stephannie Larocque, FARS, American Accounting Association, San Diego, "Do Managers Issue Guidance to Correct Analysts' Predictable Errors?" (January23, 2010).

Stephannie Larocque, University of Notre Dame, Notre Dame, "Do Managers Issue Guidance to Correct Analysts' Predictable Errors?" (January13, 2010).

Stephannie Larocque, University of Notre Dame, Notre Dame, "Disclosure, Analyst Forecast Bias, and the Cost of Equity Capital," (October15, 2009).

Stephannie Larocque, FARS, AAA, New Orleans, "Disclosure, Analyst Forecast Bias, and the Cost of Equity Capital," (January31, 2009).

Stephannie Larocque, AAA Annual Meeting, AAA, Anaheim, "The Effect of Disclosure on the Pay-Performance Relation," (August 2008).

Stephannie Larocque, EAA Annual Meeting, EAA, Rotterdam, "The Effect of Disclosure on the Pay-Performance Relation," (May 2008).

Stephannie Larocque, FARS, AAA, Phoenix, "The Effect of Disclosure on the Pay-Performance Relation," (January 2008).

WORKING PAPERS

Gus De Franco, Ole-Kristian Hope, "Analysts’ Choice of Peer Companies."

"Management Forecasts and Earnings Expectations."

Alastair Lawrence, Kevin Veenstra, "Managers' Cost of Equity Capital Estimates: Empirical Evidence."