Portrait of Dr Arthur Kraft

Dr Arthur Kraft

Reader in Accounting

Bayes Business School, Faculty of Finance

Contact

Visit Arthur Kraft

Room BR5063, Bunhill Row

Postal address

Bayes Business School
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom

About

Overview

Arthur joined Bayes Business School (formerly Cass) in 2009. He previously served on the accounting faculty of the University of Rochester and the London Business School. His research interests include financial reporting, financial analysis, equity valuation, and the relation between accounting information and capital markets. He is broadly interested in the effect of financial disclosures on capital market participants and security prices, the credibility of voluntary disclosure mechanisms, and corporate governance.
Arthur received his BBA and MAcc frm the University of Michigan and his PhD from the University of Chicago.

Expertise

Primary topics

  • Accounting
  • Accounting Standards
  • Asset Valuation
  • Financial Accounting

Geographic Areas

  • Americas - North
  • Europe

Research

Research topics

Frequent Financial Reporting and Managerial Myopia

Conditionally Accepted at the Accounting Review
with Rahul Vashishtha and Mohan Venkatachalam (both at Duke University)

Voluntary versus Mandatory Management Earnings Forecasts in IPOs

with Dimitrios Gounopoulos (University of Sussex) and Frank Skinner (University of Brunel)

On the aggregation of analyst earnings forecasts by the market

with Ryan Ball (University of Michigan) and Stan Markov (Southern Methodist University)

An Analysis of the Timing and Information Content of 8-K Disclosures

with Miles Gietzmann (at Bocconi)

Financial Reporting Frequency and Corporate Innovation

with Renhui Fu (Shanghai Jiao Tong University), Xuan Tian (Tsinghua University), Huai Zhang (Nanyang Technological University), and Luo Zuo (Cornell University)

Publications

Internet publications (4)

  1. Gounopoulos, D., Kraft, A.K. and Skinner, F. (2015). The Effect of Regulatory Alteration on Management Earnings Forecast? The Columbia Law School Blog on Corporations and Capital Markets.
  2. Kraft, A.K., Vashishtha, R. and Venkatachalam, M. (2014). Real Effects of Frequent Financial Reporting. Harvard Law School Forum on Corporate Governance and Financial Regulation.
  3. Fu, R., Kraft, A.K. and Zhang, H. (2014). The effect of financial reporting frequency on information asymmetry and the cost of equity. Finance and Accounting Memos (FAMe).
  4. Kraft, A.K., Zhang, H. and Fu, R. (2012). Financial Reporting Frequency, Information Asymmetry, and the Cost of Equity. Harvard Law School Forum on Corporate Governance and Financial Regulation.

Journal articles (9)

  1. Ge, X., Bilinski, P. and Kraft, A. (2021). Institutional Blockholders and Voluntary Disclosure. European Accounting Review, 30(5), pp. 1013–1042. doi:10.1080/09638180.2021.1979418.

    [publisher’s website]

  2. Fu, R., Kraft, A.G., Tian, X., Zhang, H. and Zuo, L. (2020). Financial Reporting Frequency and Corporate Innovation. Journal of Law and Economics, 63(3), pp. 501–530. doi:10.1086/708706.
  3. Kraft, A.G., Vashishtha, R. and Venkatachalam, M. (2018). Frequent Financial Reporting and Managerial Myopia. The Accounting Review, 93(2), pp. 249–275. doi:10.2308/accr-51838.

    [publisher’s website]

  4. Konstantinidi, T., Kraft, A. and Pope, P.F. (2016). Asymmetric Persistence and the Market Pricing of Accruals and Cash Flows. Abacus, 52(1), pp. 140–165. doi:10.1111/abac.12072.

    [publisher’s website]

  5. Fu, R., Kraft, A. and Zhang, H. (2012). Financial reporting frequency, information asymmetry, and the cost of equity. Journal of Accounting and Economics, 54(2-3), pp. 132–149. doi:10.1016/j.jacceco.2012.07.003.
  6. Chen, F., Kraft, A. and Weiss, I. (2011). Tax planning by mutual funds: Evidence from changes in the capital gains tax rate. National Tax Journal, 64(1), pp. 105–134. doi:10.17310/ntj.2011.1.05.
  7. Butler, M., Kraft, A. and Weiss, I.S. (2007). The effect of reporting frequency on the timeliness of earnings: The cases of voluntary and mandatory interim reports. Journal of Accounting and Economics, 43(2-3), pp. 181–217. doi:10.1016/j.jacceco.2007.02.001.

    [publisher’s website]

  8. Kraft, A., Leone, A.J. and Wasley, C.E. (2007). Regression-Based Tests of the Market Pricing of Accounting Numbers: The Mishkin Test and Ordinary Least Squares. Journal of Accounting Research, 45(5), pp. 1081–1114. doi:10.1111/j.1475-679X.2007.00261.x.
  9. Kraft, A., Leone, A. and Wasley, C. (2006). An Analysis of the Theories and Explanations Offered for the Mispricing of Accruals and Accrual Components. Journal of Accounting Research, 44(2), pp. 297–339. doi:10.1111/j.1475-679X.2006.00202.x.

Working papers (2)

  1. Ge, X., Bilinski, P. and Kraft, A. (2021). Institutional Blockholders and Voluntary Disclosure.
  2. Ge, X., Bilinski, P. and Kraft, A. Does more competition improve the incumbent’s audit quality? Evidence from the emergence of second-tier audit firms in China.

Education

Course Directorship

- 2013 - present, International Accounting and Finance, Director

Professional activities

Editorial activity (7)

  1. Journal of Business Finance and Accounting, Referee, 2014 – present.
  2. European Accounting Review, Member of Editorial Board, 2012 – 2015.
  3. Contemporary Accounting Research, Referee, 2008 – present.
  4. Review of Accounting Studies, Referee, 2007 – present.
  5. The Accounting Review, Referee, 2005 – present.
  6. Journal of Accounting & Economics, Referee, 1999 – present.
  7. Journal of Accounting Research, Referee, 1996 – present.

Events/conferences (5)

  1. Research Seminar in Accounting & Taxation -- WHU - Otto Beisheim School of Management. (Workshop) Vallendar, Germany (2014). Invited speaker.
    Paper: Real Effects of Frequent Financial Reporting
    Author: Kraft A
    Co-authors: Rahul Vashishtha and Mohan Venkatachalam
  2. ESADE-IESE-UPF Joint Seminar (Barcelona). (Workshop) Barcelona, Spain (2014). Invited speaker.
    Paper: Real Effects of Frequent Financial Reporting
    Author: Kraft A
    Co-authors: Vashishtha, R. and Venkatachalam, M.
  3. Accounting & Management Control Research Seminar -- IE Business School (Madrid). (Workshop) Madrid, Spain (2014). Invited speaker.
    Paper: Real Effects of Frequent Financial Reporting
    Author: Kraft A
    Co-authors: Rahul Vashishtha and Mohan Venkatachalam
  4. Accounting & Control Research Seminar -- INSEAD. (Workshop) Fontainbleau, France (2014). Invited speaker.
    Paper: Real Effects of Frequent Financial Reporting
    Author: Kraft A
    Co-authors: Rahul Vashishtha and Mohan Venkatachalam
  5. Tel Aviv Conference in Accounting. (Conference) Tel Aviv, Israel (2012). Invited speaker.
    Paper: Asymmetric persistence and the pricing of accruals and cash flows
    Author: Kraft A
    Co-authors: Theodosia Konstantinidi and Peter Pope

Media appearances (2)

  1. On a class of its own. (2013) Accountant Middle East magazine (magazine).
  2. Facebook in £8bn tax dodge. (2012) The Sunday Times (newspaper).