Ray Ball

Ray Ball is the Sidney Davidson Distinguished Service Professor of Accounting Emeritus at Booth. He pioneered the application of financial economics to accounting. He (with his co-author Philip Brown) was first to demonstrate the link between firms’ accounting earnings information and their market values. He also was first to identify the existence of systematic anomalies in efficient market theory. He has received many awards, including five honorary degrees and inductions to the American and Australian Accounting Halls of Fame.

Young People Are Shunning the Accounting Profession. The 150-Hour Rule Is Responsible

The supply of accountants in the United States is in serious decline due to the American Institute of Certified Public Accountants’ decision in 1988 to raise entry requirements. Ray Ball argues that the rule change did not improve the quality or productivity of newly licensed accountants, but instead reflected the incentives of the Institute’s members to reduce entry to increase their own salaries.

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