TORONTO, ON – At the recent annual meeting of the American Accounting Association (AAA), Matt Lyle, a fourth-year PhD student in accounting at the University of Toronto’s Rotman School of Management, received the AAA/Grant Thornton Doctoral Dissertation Award for Innovation in Accounting Education for his research on how information quality impacts stock and option returns.
The award, with a $5,000 prize, is designed to assist to PhD students conducting innovative research in any area of accounting, which clearly demonstrates a substantial degree of innovation relative to the current state of research.
In his dissertation, Lyle shows that the quality of the information that firms disclose to investors can have a different effect on the behavior of option contract returns than it does on stock returns. His findings offer a new way of understanding how investors use accounting information to set market prices.
The American Accounting Association promotes worldwide excellence in accounting education, research and practice. Founded in 1916 as the American Association of University Instructors in Accounting, its present name was adopted in 1936
The Rotman School of Management at the University of Toronto is redesigning business education for the 21st century with a curriculum based on Integrative Thinking. Located in the world’s most diverse city, the Rotman School fosters a new way to think that enables the design of creative business solutions. The School is currently raising $200 million to ensure Canada has the world-class business school it deserves. For more information, visit www.rotman.utoronto.ca.
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