After two years of searching, the Jon M. Huntsman School of Business believes it has found the right person to occupy the college’s first endowed chair.
Jeffrey Doyle is an accountant with a doctorate in business administration accounting whose research has been quoted in The New York Times, Fortune, the Wall Street Journal and Business Week. He now works at the Jon M. Huntsman School of Business as the George S. Eccles Chair in Capital Markets Research in the School of Accountancy.
"Our patience has paid off," said Dean Douglas D. Anderson. "Jeffrey Doyle is a leading-edge researcher who will not only continue his work here but contribute to other research under way at the Jon M. Huntsman School of Business ."
To be an "endowed chair" is considered an academic honor, and Dr. Doyle’s position will be funded with a gift from the George S. and Dolores Doré Eccles Foundation of $1.25 million, the largest individual gift in the history of the Jon M. Huntsman School of Business , Dean Anderson said.
Much of Dr. Doyle’s research has focused on how people can better analyze financial statements to gain insight into a company’s performance. He said that many times investors could make better decisions and develop better trading strategies if they knew more about how to recognize patterns in accounting data.
Now he’s working on a study that investigates whether it’s an advantage or disadvantage for a firm to announce its financial results on a Friday. The thinking used to be that if bad news was released on a Friday, it would get less play in the media. Because that approach has been used, however, some people have come to expect bad news if a company announces its results on Friday.
"It’s kind of an interesting strategy," Dr. Doyle said of the Friday-night release approach. "It doesn’t seem to make much sense as it did."
Dr. Doyle worked as a visiting assistant professor of accounting at Stanford University, and he has been an assistant professor at the University of Utah. He earned his Bachelor or Arts degree in economics from Utah State University. He got his master’s degree in accounting from the University of Virginia and his doctorate in business administration from the University of Michigan.