Ernst & Young Alumni Professor of Managerial Accounting
and Information Assurance
Robert H. Smith School of Business
The University of Maryland - College Park
College Park, MD 20742
(301) 405-2255
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Ernst & Young Alumni Professor of Managerial Accounting and Information Assurance Robert H. Smith School of Business The University of Maryland - College Park College Park, MD 20742 (301) 405-2255 |
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EDUCATION |
Doctor of Philosophy, * Rensselaer Polytechnic Institute, 6/73
* Ph.D. is in Managerial Economics, an interdisciplinary program between the Department of Economics and the School of Management. The focus of my program was on the integration of economic theory and accounting, with a statistics and industrial economics emphasis.
Master of Business Administration, State University of New York at Albany, 6/67
Major: Accounting Minor: Finance
Bachelor of Science (cum laude), State University of New York at Albany, 1/66
Major: Accounting
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RESEARCH INTERESTS |
Accounting and Economic Based Measures of Performance; Economic Aspects of Cyber/Information Security; Capital Budgeting; Design and Use of Management Accounting Systems; Cybersecurity Risk Management
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TEACHING INTERESTS |
Managerial Accounting and Control Systems
Cost Accounting
Managerial Economics
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EDITORIAL ACTIVITIES |
Editor-in-Chief - Journal of Accounting and Public Policy (2001-present); Formerly, Co- Editor (1982-2001)
Editor (one of four) - Journal of Business Finance and Accounting (2000 - 2004);
Formerly, Associate Editor (1991-2000)
Editorial Board Member - Management International Review (1982-present);
Contemporary Accounting Research (1984-1993); Finance India (1992-present); Pan-Pacific Management Review (2004-present); The
Accounting Review (1981-82);
Ad-Hoc Reviewer - Journal of Financial and Quantitative Analysis; Accounting, Organizations and Society; The Accounting Review; Management Science, Journal of Business and Economic Statistics, ACM Transactions on Information and System Security, Communications of the ACM, European Journal of Operational Research
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SIGNIFICANT ACADEMIC EXPERIENCE |
Ernst & Young Alumni Professor of Managerial Accounting and Information Assurance (9/81 - present) (The Accounting Department changed its name to include Information Assurance in 2002)
Affiliate Professor - University of Maryland Institute for Advanced Computer Studies (3/03 - present)
Professor of Accounting (8/80 - 8/81)
Columbia University
Visiting Scholar at Graduate School of Business (9/86 - 12/86)
(During Sabbatical from Maryland)
The University of Kansas
Professor of Accounting (7/79 - 8/80)
Associate Professor of Accounting (8/76 - 6/79)
McGill University - Montreal, Canada
Associate Professor of Accounting (8/74 - 7/76)
Assistant Professor of Accounting (8/72 - 7/74)
Clarkson College of Technology
Assistant Professor of Accounting (8/71 - 6/72)
Honors and Awards:
In May 2006, received Outstanding Service Award from the Robert H. Smith Smith School of Business in appreciation for 10 years of Outstanding Leadership as Director of Ph.D. Program. Received 1992 and 1987 Allen J. Krowe Awards for Teaching Excellence from the College of Business and Management, University of Maryland. Received the 1984 Outstanding Teacher Award from Maryland’s MBA Program. (The award was determined by the MBA students - one award per year was given.) Received the 1983 Outstanding Faculty Award from the Alumni Association of the University of Maryland, College of Business and Management. Averaging approximately 4.3/5.0 in student teaching evaluations and 4.5/5.0 in executive development programs, over the past several years. All of my teaching at Maryland has been at the MBA or Ph.D. level.
Visiting Scholar at: London School of Economics (November, 2002 & 1999); Lancaster University, England (3/20/95 - 3/24/95); University of Essex, England (4/12/93 - 4/16/93); McMaster University, Ontario, Canada (3/10/92 - 3/13/92); Queens University, Kingston, Ontario, Canada (Summer of 1991); University of Manchester, Manchester, England (7/4/89 - 7/9/89). Columbia University (Fall of 1986)
Doctoral Student Advising:
Dissertation Chairperson (or Co-Chairperson) for: Chih-Yang Tseng (2007); Tashfeen Sohail (2006); Nerissa Brown (2005); Lei Zhou (2004); Carmelita Troy (2003); Monvika Phadoongsitthi (2003); Stephen Liedtka (1999); Kwok Leung (1999); Augustine Duru (1997); Raj Iyengar (1995); Karen Frey (1994); Katherine Silvester (1992); Emmett Griner (1991); Sharon Fettus (1989); Kimberly Smith (1989); Mary Myers (1988); Yang-Tzong Tsay (1988); Fred Sellers (1984); Susan Haka (1982); Mary Bahr (1982); Douglas Schroeder (1980); David Larcker (1978). Dissertation Committee Member for numerous other students.
Administrative Related Activities:
Director, Ph.D. Program for Robert H. Smith School of Business at Maryland (5/96 -
present).
Coordinator, Ph.D. Program in Accounting at Maryland (8/80 - 5/96).
President of the Board of Governors - University of Maryland Faculty/Staff Club (1990 –
2000; 1987 - 89).
Chairperson, Accounting Faculty at Maryland. Primary responsibility was to provide
academic leadership regarding research and graduate programs (8/82 - 7/87).
Member or Chairperson of numerous (over 50) University, Department, and Professional
Committees (8/72 - present), including University level Promotion and Tenure Committee (1999 – 2002).
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SIGNIFICANT NON-ACADEMIC EXPERIENCE |
Executive Development Program for Black & Decker, Inc. (9/94 - present). My role relates to managerial accounting.
Executive Development Program on Profit Planning and Performance Measures for Martin Marietta, Inc. (3/95).
Library Administrator’s Executive Development Program (5/82 - 5/90).
Consultant to:
IBM, Inc. (10/84 - 6/91). My work related to capital investments.
U.S. Department of Labor (2/85 - 6/87). I helped establish and worked with a capital budgeting (cost/benefit analysis) group.
U.S. General Accounting Office (6/78 - 2/84). My work was concerned with budgeting in the federal government.
Executive Development Programs for CETA Prime Sponsors (9/79 - 4/80). My role was
concerned with the use and design of decision support information systems.
Management Accounting Consultant/Lecturer for the Department of Supplies and Services, Canada (11/74 - 6/79). My work involved cost analysis for government contracting.
Executive Development Program for FMC, Inc. (11/77).
Executive Management Development Program for the Kansas Department of Transportation (6/77 - 8/77). My work involved MIS design and budgeting in the public sector.
Consultant for the New York State Teacher’s Retirement Systems (6/68 - 6/69). I worked on special projects, such as budgeting and cash flow analysis.
Peat, Markwick, Mitchell & Company, New York City (6/66 - 8/66). Member of audit staff.
Meadowbrook National Bank, Hicksville, New York (9/61 - 8/62).
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RESEARCH GRANTS |
Co-Principal Investigator (2000-2006), with M. P. Loeb, on grant from the National Security Agency – through a grant with the University of Maryland Institute for Advanced Computer Studies (totaling $965,000). The research supported by this grant is concerned with various “economic aspects of information security.”
Summer (2006, 2000, 1999) Research Grant from R. H. Smith School of Business.
Summer (1996) Research Grant from IBM-TQ Project at Maryland Business School.
Supplementary research grants from Maryland’s Business School (8/80 - 8/90).
Supporting member of a faculty team at University of Kansas which received a $500,000 (over four years)Institutional Grant from U.S. Department of Labor (CETA) (1978).
The University of Kansas (summer research grant 6/77 - 8/77).
Arthur Andersen & Company grant for a symposium entitled “Accounting and Corporate Social Responsibility” (5/77). Grant total: $5,000.
National Association of Accountants and the Society of Management Accountants Grant for project entitled “Pricing Decisions: An Empirical Study” (8/76 - 4/80). Grant total: $17,600.
American Accounting Association research grant for project entitled “The Role of the
Accounting System As An Agent of Organizational Change” (6/76 - 8/76).
McGill University grant to conduct a symposium on “Behavioral Models and Processing Accounting Information” (5/75). Received grant for research on regression analysis applied to accounting (6/73 - 8/73).
University of Western Ontario’s 1974 Summer Associates Workshop in Business Research to work on the subject of goodwill. The grant was awarded based on a nation-wide (Canada) competition. Grant total: $4,200, plus expenses (6/74 - 8/74).
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PUBLICATIONS |
Gordon, L.A. and M. P. Loeb, Managing Cybersecurity Resources: A Cost-Benefit Analysis (McGraw-Hill, Inc.: New York), 2006.
Gordon, L.A., MANAGERIAL ACCOUNTING: Concepts and Empirical Evidence, (McGraw-Hill, Inc.: New York), 2004 (6th Ed.), 2000 (5th Ed.), 1998 (4th Ed.), 1997 (3rd Ed.)., 1995 (2nd Ed.), 1994 (1st Ed.).
Gordon, L.A. and G. Pinches, Improving Capital Budgeting: A Decision Support System Approach (Addison-Wesley Publishing Co.: Massachusetts, 1984).
Gordon, L.A., R. Cooper, H. Falk, and D. Miller, The Pricing Decision (National Association of Accountants: New York, and Society of Management Accountants: Hamilton; 1981).
Gordon, L.A., ed., Accounting and Corporate Social Responsibility (University of Kansas: Kansas, 1978). Berger, C., L. A. Gordon, and M. Bahr, “Toward a Behavioral Understanding of Corporate Social Responsibility: Implications for the Design of Managerial Accounting Systems,” pp. 41-55, in above book.
Gordon, L.A., D. Miller and H. Mintzberg, Normative Models in Managerial Decision Making (National Association of Accountants: New York, and Society of Industrial Accounting: Hamilton, 1975).
Gordon, L.A., M.P. Loeb, and C. Tseng, "Capital Budgeting and Informational Impediments: A Managerial Accounting Perspective.” Chapter in Contemporary Issues in Management Accounting (Oxford University Press), A. Bhimini (ed.), 2006, pp. 146-165.
Gordon, L.A. and M.P. Loeb, “Expenditures on Competitor Analysis and Information Security: A Management Accounting Perspective,” in Management Accounting in the New Economy, Oxford University Press, ed. by A. Bhimani, 2003, pp. 95-111.
Journal Articles (Academic Focus)
Gordon, L. A., M. P. Loeb, T. Sohail, C-Y Tseng, and L. Zhou, “Cybersecurity, Capital Allocations and Management Control Systems,” European Accounting Review (forthcoming).
Bodin, L.D., L.A. Gordon, and M.P. Loeb, “Information Security and Risk Management,” Communications of the ACM, (forthcoming).
Frey, K. and L. A. Gordon, “ABC, Firm Performance and Strategy,” International Journal of Quality Management, Vol. 2, No. 1 (1999), pp. 1-23.
Gordon, L. A., “Efficiency Drives Value,” Finance India, (June 1998), pp. 369-373.
Gordon, L. A. and M. Myers, “Tobin’s q and Overinvestment,” Applied Economic Letters, (January 1998), pp. 1-4.
Gordon, L. A., M. P. Loeb and M. Myers, “A Note on Postauditing and Firm Performance,” Managerial and Decision Economics, Vol. 15 (1994), pp. 177-181.
Tsay, Y., F. Alt, L. A. Gordon, “The Market Reaction to Announced Deep Cuts in Capital Expenditures,” Managerial and Decision Economics, Vol. 14, No. 1 (1993), pp. 1-14.
Myers, M., L. A. Gordon and M. Hamer, “Postauditing Capital Assets and Firm performance: An Empirical Investigation,” Managerial and Decision Economics, Vol. 12 (1991), pp. 317-327.
Gordon, L. A., M. Loeb, and A. Stark, “Capital Budgeting and the Value of Information,” Management Accounting Research, Vol. 1., No. 1 (1990), pp. 21-35.
Falk, H. and L. A. Gordon, “Business Combination Decisions: A U.S./Canada Study,” Decision Sciences, (October, 1979), pp. 607-617.
Gordon, L. A., D. Larcker and F. D. Tuggle, “Informational Impediments to the Use of Sophisticated Capital Budgeting Models,” Omega, Vol. 7, No. 1 (1979), pp. 67-74.
Miller, D. and L. A. Gordon, “Conceptual Levels and the Design of Accounting Information Systems,” Decision Sciences, (April, 1975), pp. 259-269.
Gordon, L. A., “Allocating Service Departments’ Costs: Methodology and Case Study,”
Accounting and Business Research, (Winter, 1974), pp. 3-8.
Gordon, L. A. and M. C. Findlay, “IRR Computation and the Multi-Asset Problem,” Omega, (August, 1974), pp. 557-561.
Gordon, L. A., “Differential Rate of Return Method for Reporting Holding Gains Earned by Fixed Assets,” Accounting and Business Research, (Summer, 1973), pp. 228-234.
Journal Articles (Manager/Practitioner Focus)
Gordon, L. A., M. P. Loeb, W. Lucyshyn and R. Richardson, “2006 Computer Crime and Security Survey,” Computer Security Journal (Summer 2006), pp. 1-21.
Gordon, L. A., M. P. Loeb, W. Lucyshyn and R. Richardson, “2005 Computer Crime and Security Survey,” Computer Security Journal (Summer 2005), pp. 1-22.
Gordon, L. A., M. P. Loeb, W. Lucyshyn and R. Richardson, “2004 Computer Crime and Security Survey,” Computer Security Journal (Summer 2004), pp. 1-21.
Gordon, L. A. and R. Richardson, “The New Economics of Information Security,”InformationWeek (March 29, 2004), pp. 52-56.
Gordon, L. A., M. P. Loeb and W. Lucyshyn, “Information Security Expenditures and Real Options: A Wait-and-See Approach,” Computer Security Journal, Vol. 19, No. 2 (2003), pp. 1-7.
Gordon, L. A. and M. P. Loeb, “Return on Information Security Investments: Myths and Realities,” Strategic Finance, (November 2002), pp. 26-31.
Gordon, L. A. and M. P. Loeb, “Distinguishing Between Direct and Indirect Costs is Crucial for Internet-Based Companies,” Management Accounting Quarterly, Summer 2001, pp. 12-17 (awarded Certificate of Merit - Institute of Management Accountants).
Gordon, L. A. and M. P. Loeb, “Economic Aspects of Information Security,” Tech Trend Notes, Fall 2001, pp.8-15.
Gordon, L. A. and M. P. Loeb, “The Y2K Boon to IS and Business,” Information Systems Management, (Summer, 1999), pp. 57-62.
Gordon, L. A. and M. Myers, “Postauditing Capital Projects: Are You in Step with the Competition?” Management Accounting, (January, 1991), pp. 39-42.
Gordon, L. A., and A. Schick, “Designing Flexible Management Decision Support Systems,” Journal of Accounting and EDP, (Spring, 1990), pp. 4-10.
Gordon, L. A. and G. E. Pinches, “Sophisticated Methods of Capital Budgeting: An Economics of Internal Organization Approach,” Managerial Finance, Vol. 14, Nos. 2/3 (1988), pp. 36-41.
Gordon, L. A., “Benefit-Cost Analysis and Federal Investments in Information Systems: Lessons from the Private Sector,” The Government Accountants Journal, (Fall, 1987), pp. 62-65.
Gordon, L. A., D. J. Call and H. Falk, “Pricing Objectives and Managerial Incentive Plans,” Journal of Cost Analysis, Vol. 4, No. 2 (Fall 1986), pp. 59-67.
Gordon, L. A. and M. Hamer, “GASB’s Survival Potential: An Agency Theory Perspective,” Public Budgeting and Finance, (Spring, 1983), pp. 103-112.
Gordon, L. A. and D. Heivilin, “Zero-Base Budgeting in the Federal Government: A Historical Perspective,” The GAO Review, (Fall, 1978), pp. 57-64. Reprinted in Readings in Management Control in Nonprofit Organizations, by K. V. Ramanathan and L. P. Hegstad (New York: John Wiley & Sons, 1982).
Gordon, L. A., and D. Halrecht, “The Relationship Between the Payback Reciprocal and the IRR,” Cost and Management, (November/December, 1976), pp. 38-41.
Gordon, L. A., “The Return on Investment and the Cost of Capital,” Management Accounting, (February, 1976), pp. 37-40.
Findlay, M. C., E. Williams and L. A. Gordon, “Toward More Adequate Measure of Lender Protection,” Financial Management, (Autumn, 1975), pp. 54-61.
Gordon, L. A., “Cost Control of Governmental Pollution Abatement Funds,” The Federal Accountant, (December, 1974), pp. 36-39.
Gordon, L. A. and H. Cook, “Gross Profit Planning: A Case Study,” The CPA Journal, (July, 1972), pp. 569-571.
Proceedings
Gordon, L. A., M. P. Loeb and W. Lucyshyn, “Economic Aspects of Controlling Capital Investments in Cyberspace Security for Critical Infrastructure Assets”, Workshop on Economics and Information Security, University of Maryland, May 29-30, 2003.
Gordon, L. A., M. P. Loeb and W. Lucyshyn, “An Economic Perspective on the Sharing of Information Related to Security Breaches: Concepts and Empirical Evidence,” Workshop on Economics and Information Security, UC-Berkeley, May 16-17, 2002.
Bahr, M., L. A. Gordon and V. K. Narayanan, “Abstract of Information Inductance: A Contingency Perspective,” Proceedings, AAA, 1980, pp. 137-138.
Falk, H. and L. A. Gordon, “The Relationship Between Accounting Industry Risk Measurement and Industrial Betas,” American Accounting Association, Proceedings, Canadian Regional Conference (June, 1976), pp. 50-58.
Falk, H. and L. A. Gordon, “Regression Analysis and Applications to Accounting,” American Accounting Association, Proceedings, Midwest Regional Conference (June, 1976), pp. 59-68.
Falk, H. and L. A. Gordon. “Attitudinal Variables Affecting Business Combinations,” American Accounting Association, Proceedings, Midwest Regional Conference (April, 1976), pp. 91-99.
Gordon, L. A. and D. Haltrecht, “Accuracy Versus Usefulness of the Payback Reciprocal Method for Capital Budgeting,” American Institute of Decision Sciences, Proceedings, (Refereed), Southern Conference (February, 1975), pp. 168-171.
Gordon, L. A., “An Econometric Approach to Cost Allocation for Service Department Costs and Indirect Expenses,” The American Institute of Decision Sciences, Proceedings, Midwest Conference (April, 1973), W. 14-17.
Gordon, L. A., “Forecasting Net Cash Flows: An Empirical Study,” The American Institute of Decision Sciences, Proceedings (Refereed), Northeast Conference (May, 1974), pp. 145-147.
Gordon, L. A., “Student Vocabulary Growth in Basic Accounting,” Analysis and Adaptation of College Teaching, (November, 1968), pp. 205-211.
Book Reviews
Review of Accounting Policy Formulation: The Role of Corporate Management, by Lauren Kelly-Newton (Reading, Mass.: Addison-Wesley Publishing Company), 1980 in The Accounting Review (April, 1981), pp. 428-429.
Review of Managerial Accounting: An Introduction to Concepts, Methods and Uses, by S.Davidson, J. Schindler, C. Stickney and R. Weil (Illinois: The Dryden Press), 1978, in The Accounting Review (January, 1979), p. 247.
“Lessons in Sharing,” Government Enterprise (Fall 2003), p. 36.
“Y2K Issue, For Better or Worse,” Business Week, (January 11, 1999), pp. 10 (letter with Martin Loeb)
“Relax – Solving the Y2K Problem Likely to Yield Benefits,” USA Today, (July 31, 1998), p. 12A (with Martin Loeb).
“Positive Consequences of Solving the Millenium Bug Problem,” Financial Times, (July 27, 1998), p. 10 (with Martin Loeb).
“Balancing Act: Two Budgets Are Better Than One,” Washington Business Journal, (March 10-16, 1995).
“Managerial Accounting and Small Business Failures,” Business Radio, (April/May, 1984), p. 34.
“Top Executives Play Stickball,” Business Radio, (March, 1984), p. 34.
“The Deficit Debate Goes On,” Business Week, (January 9, 1984), p. 4.
“Industrial Policy,” Harvard Business Review, (January-February, 1984), p. 168.
“Toward a Capital Budget,” The Washington Post, (September 25, 1983), C6.
“Red Ink or What,” Wall Street Journal, (October 19, 1983), p. 31.
“Federal Capital Expenditures: The Budgeting Link,” Journal of Accounting and Public Policy, (Winter, 1983), pp. 1-4. Reprinted in the Congressional Record (November 1, 1983), pp. 5234-5235.
“Balancing the Federal Budget: The Great American Myth,” Interchange, (Winter, 1983), pp. 8-10. Reprinted as an editorial in the Baltimore Evening Sun (May 11, 1983), p. A-11.
“Accounting and Public Policy,” Journal of Accounting and Public Policy, (Summer, 1982), (with S. Loeb).
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PAPERS UNDER REVIEW/IN PROGRESS |
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PRESENTATIONS |
I have given over 100 presentations at various academic and professional meetings over the years, including several as the keynote speaker. I have also been a speaker at various research workshops of several universities (e.g., Columbia University, Harvard University, London Business School, London School of Economics, University of Manchester, Manchester Business School, McMaster University, University of Essex, Pennsylvania State University, University of Toronto, Queens University, Lehigh University, etc.). I have also been involved in organizing various specialized conferences (e.g., Workshop on Economics and Information Security at UC, Berkeley [2002], at Maryland [2003], at University of Minnesota [2004], Harvard [2005], Cambridge [2006], and at Carnegie Mellon [2007]). In addition, I have participated in various other specialized conferences (e.g., Management Control Systems Conference at the London Business School; Conference on “Accounting Based Regulation: Issues in Capital Budgeting and Technology Adoption” at Columbia University’s Center for Research in Telecommunications and Information Studies; Capital Markets Research Conference at Manchester Business School).
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MEMBERSHIPS |
American Accounting Association
Association for Computing Machinery (ACM)
Institute of Management Accountants
European Accounting Association
