Wayne H. Shaw Ph.D.

Education
Ph.D., The University of Texas at Austin, 1985
MBA, The University of North Carolina at Greensboro, 1981
BSB, Oklahoma City University, 1972

Areas of Expertise
Capital Formation
Financial Disclosure and Reporting
Initial Public Offerings
Mergers and Acquisitions
Taxation

Courses Taught
Fundamentals of Accounting

Industry Experience
Levin, Spinnett & Co., CPA and A.M. Pullen & Co., CPA, 1978-81
Tax Law Specialist

Internal Revenue Service, 1970-78
Internal Revenue Agent
Tax Law Specialist

Current Research
“Tax and Regulatory Motivations for Issuing Preferred Stock”, with Carolyn Callahan, and William D. Terando, February 2000.

“The Effect of Taxes on Acquisiton Prices and Transaction Structure”, with Steven L. Henning and Toby Stock, February 2000.

"Is Asset Measurement an Objective of Financial Reporting?”, with Steven L. Henning, January 2000.

“The Selection of Goodwill Amortization Periods," with Steven Henning, January 2000.

Recent Publications
Books
"West’s Federal Taxation: Advanced Taxation" (1999 edition), Jon Davis and Wayne H. Shaw, editors, Southwestern College Publishers.

Articles
"Why Do Firms Change Underwriters?”, with Laurie A. Krigman and Kent L. Womack, Journal of Financial Economics, forthcoming.

"Future Stock Performance of Oil and Gas Firms Conditional on the Imputed Value of
Reserves", with Steven Henning, Review of Quantitative Finance and Accounting, forthcoming.

“The Effect of Tax Deductibility of Goodwill on Purchase Price Allocations”, with Steven Henning, Journal of the American Taxation Association, forthcoming.

“Valuation of the Components of Purchased Goodwill”, with Steven L. Henning and
Barry L. Lewis, Journal of Accounting Research, forthcoming.

"The Persistence of IPO Mispricing and The Predictive Power of Flipping", with Laurie A. Krigman and Kent L. Womack, Journal of Finance, June 1999.

"Un Modèle du Bias de Prévision des Analystes Financiers", included in Organisation et Qualité des Marchés Financiers, Presses University de France, with Bong H. Han and David Manry, 1997.

"Predicting Underpricing and Long-Run Performance of IPOs Using Publicly Available Financial Data", with Roni Michaely, Advances in Quantatitive Accounting and Finance, 1997.

"Understanding the Motivation For and Effects of a Reported Deviation From Historical Costs", with Duane Kennedy. Journal of Financial Statement Analysis, Summer 1996, 51-60.

"Does Auditor Choice Convey Quality in An Initial Public Offering?", with Roni Michaely, Financial Management, Winter 1995, 15-30.

"The Choice of Going Public: Spin-offs vs. Carve-outs", with Roni Michaely, Financial Management, Autumn 1995.

Editorial Boards
The Accounting Review, 1987-1990, 1995 - present.
Advances in Taxation, 1988-1993.
The Journal of the American Taxation Association

Grants, Honors & Awards

• University of Colorado Graduate School of Business Graduate Professor of the Year Award, 1994
• University of Colorado Graduate School of Business Teaching Excellence Award, 1993
• Mobil Research Grant, Cornell University, 1990
• 1986 American Taxation Association/Peat Marwick Mitchell Dissertation Award, 1986
• Graduate School Outstanding Doctoral Dissertation Award, University of Texas at Austin, 1986
• Consortium Representative, American Accounting Association Doctoral Consortium, 1984
• Ernst & Whinney Doctoral Dissertation Fellowship, 1984-1985
• University of Accounting Association Outstanding Teaching Assistant Award, 1984
• College of Business Outstanding Teaching Assistant Award, 1983
• University Accounting Association Outstanding Teaching Assistant Award, 1983
• American Accounting Association Fellowship, 1982-1983
• Arco Department of Accounting Fellowship, 1982-1984
• University of Texas Fellowship, 1981-1982