Gregory A. Sommers Ph.D.

Gregory A. Sommers, PhD CPA

Vita

Education

PhD, 2002, Fisher College of Business, The Ohio State University, Columbus Ohio

BA, 1989,Fresno Pacific University, Fresno California

Research and Teaching Interests
Accounting-Based Valuation
Financial Statement Analysis
Financial Reporting

Courses Taught
Financial Statement Analysis and Security Valuation
Intermediate Accounting II

Professional Experience and Affiliations
Palm Village Retirement Community, Reedley California, Board Member (1990-1997)
Grant, Dotson, Spence & Co., CPAs, Fresno California, Manager ( 1990-1997)
C. Thomas Nelson & Associates, CPAs, Fresno California, Staff Accountant (1989-1990)
Certified Public Accountant, licensed in California
American Accounting Association (Financial Reporting Section Member)
American Institute of Certified Public Accountants

Publications
“Effect of Analysts’ Optimism on Estimates of the Expected Rate of Return Implied by Earnings Forecasts”, with Peter D. Easton, forthcoming in Journal of Accounting Research.

 “Scale and the Scale Effect in Market-Based Accounting Research”, with Peter D. Easton. Journal of Business, Finance and Accounting, January 2003, pp. 25-56.

Working Papers
“Using Market Reaction to Infer Persistence of Earnings Surprises”, with Gia M. Chevis.

“Fair Value’s Affect on Accounting’s Ability to Predict Future Cash Flows”, with Keji Chen and Gary K. Taylor.

“Barriers to Entry and the Effect on Future Profitability”, with Victoria Dickinson

“The Market’s Reaction to Revisions in Analysts’ Longer-Horizon Forecasts”

Other Research Projects
Examination of effects of fraud on stock prices and on expectations of returns on equity investment and growth, with Peter Easton and Mark Zmijewski.

Estimating cost of capital for operations from accounting data, with Victoria Dickinson, Peter Easton and Gary Taylor.

Demonstration of method for estimation of the Equity Premium for the Dow Jones 30, with Peter Easton.

Investigation of determinants of the market’s assessment of the persistence of unexpected earnings, with Gia Chevis.

Development of methodology for moving toward an unbiased firm-specific estimate of cost of capital, with Peter Easton and Steve Monahan.

Honors and Awards
HOPE Professor, SMU Residence Life Honoring Our Professor’s Excellence Recognition, 2003
American Accounting Association Doctoral Consortium Delegate, 2000
Coopers and Lybrand Scholarship Recipient, 2000
Deloitte and Touche Doctoral Fellowship Recipient, 1999
Big Ten Doctoral Consortium Delegate, 1998
AICPA Doctoral Fellowship Recipient, 1997, 1998 and 1999
University Fellowship Recipient (The Ohio State University), 1997