Stephen Brown

Stephen Brown

Dr. Stephen Brown joined the AIA faculty as an assistant professor in Fall 2008. He holds a doctorate in accounting from Northwestern University and a Masters degree in Engineering Science and Economics from the University of Oxford in the UK. He is a Chartered Accountant and prior to entering academia, he worked for Arthur Andersen in both the audit and tax divisions. Stephen's research focuses on the causes and effects of disclosures by management on the capital market.

Is Twitter Playing Accounting Games?

"Twitter has a brain-drain problem, which it's fighting it by issuing stock and stock options to employees it wants to retain. Such payments come on top of the stock those employees already own, which has underperformed expectations. The expense represented by that compensation may or not be worth it, but we can all agree it's an expense, right? Actually, no. For accounting purposes, Twitter, like most tech companies, does not consider stock compensation to be an expense. Read more...

Stephen Brown

Dr. Stephen Brown joined the AIA faculty as an assistant professor in Fall 2008. He holds a doctorate in accounting from Northwestern University and a Masters degree in Engineering Science and Economics from the University of Oxford in the UK. He is a Chartered Accountant and prior to entering academia, he worked for Arthur Andersen in both the audit and tax divisions. Stephen’s research focuses on the causes and effects of disclosures by management on the capital market.

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