Office Indiana University Kelley School of Business 1309 E. 10th Street Bloomington, IN 47405-1701
(812) 855-9951 (phone) (812) 855-4985 (fax) [email protected]
Research and Teaching Interests Research:
Risk measurement and disclosure, particularly in regulated enterprises. Measurement issues in accounting, including options and other financial instruments. Accounting issues related to organizational form.
Education and Certification Ph.D., 2001, Graduate School of Business, University of Texas at Austin. M.B.A/M.Acc., 1988, Anderson School of Management, University of New Mexico, Albuquerque, emphasis in systems analysis. B.B.A, 1984, Anderson School of Management, University of New Mexico, Albuquerque, emphasis in accounting. Certified Public Accountant, New Mexico (1985--present); California (1990--present) Teaching Experience Assistant Professor (August, 2003-present), Indiana University: Intermediate Accounting. Assistant Professor (August, 2001-August, 2003), Stanford University: Financial Accounting (MBA core) and Financial Accounting for Economists. Instructor (1999, 2000), University of Texas: Foundations of Accounting: Introduction to Managerial and Financial Accounting Teaching Assistant (1996-2000), University of Texas: Financial Statement Analysis (MBA), Intermediate Accounting (PPA), Accounting Theory (PPA) Instructor (1988), University of New Mexico: Principles of Accounting
Other Work Experience Advisory Board Member, Indiana University Federal Credit Union, Bloomington, IN, 2007present. Member of audit committee. Consultant, Bloomington, IN, 2006-present. Develop statistical models for valuing non-traded bank financial instruments and customer-related intangible assets for commercial banks. Work with regional bank managers to develop loan loss prediction models. Advisory Board Member, MNB Technologies, Bloomington, IN, 2005-present. Financial advisor for start-up company developing security-related software. Director and Finance Chair, Carpinteria Special District, Carpinteria, CA, 1994-1996. Provided oversight for accounting systems implementation, public bond issuance, plant rehabilitation, and rate structure development as a publicly elected member of governing board. Chief Financial Officer, Levy Bancorp, Ventura, CA, 1991-1995. Supervised accounting, treasury and data processing operations for publicly traded bank holding company. Responsible for SEC and bank regulatory reporting, as well as internal reporting and budgeting. Leader of diligence and integration team for acquisition of three subsidiary banks. Implemented internal control provisions of FDICIA. Consultant, Santa Barbara, CA, 1989-1991. Provided contract controller and systems consulting services to a variety of clients including financial institutions and local government units. Consultant/Accountant, Ernst & Young, Albuquerque, NM, 1988-1989. Provided business consulting, systems analysis and design. Controller, Jack Clifford & Co., Albuquerque, NM, 1985-1987. Maintained accounts for real estate development firm and financial institution holding company. Implemented computer-based accounting system and internal controls. Staff Accountant, KPMG Peat Marwick, Albuquerque, NM 1984-1985. Publications Hodder, L., L. Koonce and M. McAnally, "SEC market risk disclosures: Implications for judgment and decision making." Accounting Horizons March 2001. Hodder, L., and M. McAnally, "SEC market risk disclosures: Enhancing comparability." Financial Analysts Journal, March 2001.
Hodder, L., M. Kohlbeck and M. McAnally, "Accounting Choices and Risk Management: SFAS 115 and U.S. Bank Holding Companies." Contemporary Accounting Research, Summer 2002. Hodder, L., M. McAnally, and C. Weaver, "The Influence of Tax and Nontax Factors on Banks’ Choice of organizational Form." The Accounting Review, January 2003. Hodder, L., P. Hopkins, and J. Wahlen, “Risk-Relevance of Fair Value Income Measurement for Commercial Banks.” The Accounting Review, June 2006. Hodder, L., W. Mayew, M. McAnally, and C. Weaver, “Employee stock option fairvalue estimates: Do managerial discretion and incentives explain accuracy?” Contemporary Accounting Research, Winter 2006. Barth, M., L. Hodder and S. Stubben, “Fair Value Accounting for Liabilities and Own Credit Risk” forthcoming, The Accounting Review, March 2008. Beneish, D., M. Billings, and L. Hodder, “Internal Control Weaknesses and Information Uncertainty” forthcoming, The Accounting Review, May 2008. Hodder, L., P. Hopkins, and D. Wood, “The Effects of Financial Statement and Informational Complexity on Cash Flow Forecasts” forthcoming, The Accounting Review, July 2008.
Working Papers and Research Grants Allee, K., and L. Hodder, “Tax Capitalization or the Lock-in Effect in Merger Activity: New Evidence from Commercial Banks.” Working paper, Indiana University. Hodder, L., “Relevance of Market Risk Disclosures by Commercial Banks.” Working paper, Indiana University. Research Grant Recipient from the International Association for Accounting Education and Research (IAAER) and the KPMG and University of Illinois Business Measurement Research Program. Joint Project with Patrick Hopkins. Academic Honors and Awards American Accounting Association New Faculty Consortium, St. Charles, IL (2002) Stanford Summer Camp doctoral student fellow, Palo Alto, CA (2000) American Accounting Association doctoral student representative, AAANZ Doctoral Consortium, Hamilton Island, Queensland, Australia (2000) American Accounting Association doctoral consortium fellow, Lake Tahoe, CA (2000) PAC 10 doctoral fellow, Tempe, AZ (1999) University Fellowship, University of Texas (1999-2000) Deloitte & Touche Doctoral Fellowship (1998-2000)
American Institute of Certified Public Accountants Doctoral Fellowship (1996-1999) Bonham Fund Research Grant, University of Texas (1999) Cooper Scholarship, University of Texas (1996-1997) Invited Presentations and Conferences Invited Presentations and Panels: IAAER World Congress, Istanbul, Turkey, November, 2006. CEASA, Columbia University and Morgan Stanley, Fair Value Panel, October, 2006. American Accounting Association, Annual Meeting, Washington, DC, August, 2006 Midwest Accounting Research Conference at Notre Dame; June, 2006 AICPA/SEC Annual Accounting Conference, Washington, DC, Sarbanes-Oxley Section 404 Panel, December 2005 IAAER Annual Meeting, Financial Instruments Panel, Bordeaux, France, September, 2005 University of Utah Winter Accounting Conference, February 2003 London School of Economics, March 2003 Carnegie Mellon University, January 2003 Georgetown University, December 2002 Stanford Summer Camp, July 2002 University of California, Los Angeles, February 2002 University of Illinois, March 2001 Northwestern University, March 2001 University of Southern California, March 2001 University of California, Berkeley, March 2001 Harvard University, March 2001 University of Michigan, March 2001 Columbia University, March 2001 Massachusetts Institute of Technology, March 2001 University of Pennsylvania, March 2001 University of Utah, February 2001 Stanford University, February 2001 Duke University, February 2001 Invited Conferences and Discussions: AAA/FASB Conference, Norwalk, CT, December, 2007 Review of Accounting Studies Research Conference, Tempe, AZ, October 2007 Journal of Accounting Auditing and Finance Research Conference, New York, NY, October, 2007 PricewaterhouseCoopers Faculty Symposium, Princeton, NJ, July, 2006 KPMG Faculty Symposium, St. Louis, MO, June, 2006 Center for Accounting Research and Education, Atlanta, GA, April, 2006 AAA/FASB Conference, Norwalk, CT, December 2005 FEA Conference (Co-author presentation), Chapel Hill, NC, November 2005
Review of Accounting Studies Research Conference, New York, NY, November 2005 IAAER Annual Research Conference (Moderator), Bordeaux, France, September 2005 AAA Annual Meeting (Moderator), San Francisco, CA, August 2005 AAA/FASB Conference (Group Leader), Norwalk, CT, December 2004 PricewaterhouseCoopers Faculty Symposium, Princeton, NJ, July, 2004 KPMG Faculty Symposium, Detroit, MI, June, 2004 AAA FARS Section Research Conference (Discussant), Irvine, CA, January 2004 KPMG Risk Measurement Conference (Discussant), Clearwater, FL, December 2003 AAA/FASB Conference, Norwalk, CT, December 2003 FEA Conference (Discussant), Bloomington, IN, October, 2003 AAA Annual Meeting (Discussant), Honolulu, HA, August 2003 FASB Faculty Fellow, July 2003 Stanford Summer Camp, July, 2003 University of Utah Winter Accounting Conference, February 2003 Duke/UNC Fall Accounting Research Camp (presenter), September, 2002. Frank Batten Young Scholars Forum in Accounting (presenter), College of William and Mary, July 2002. University of Utah Winter Accounting Conference (Discussant), March 2002 University of Texas Business Measurement and Assurance Services Conference, March 2002 The Accounting Review Quality of Earnings Conference, January 2002 AAA/FASB Conference, Norwalk, CT, November 2001 University of Texas Finance and Accounting Conference (Discussant), November 2000 Service Activities: National Service: AAA/FARS Financial Reporting Policy Committee AAA/FARS Organizing Committee and Session Chair 2007 Mid-Year Meeting American Accounting Association American Institute of Certified Public Accountants Editorial and Review Activities: Ad hoc reviewer, Journal of Accounting and Public Policy Ad hoc reviewer, The Accounting Review Ad hoc reviewer, Journal of Banking and Finance Ad hoc reviewer, Review of Accounting Studies Ad hoc reviewer, Accounting and Business Research Manuscript reviewer, 2001-2006 AAA Annual Meetings Manuscript reviewer, 2004, 2007 Mid-Year AAA FARS Meeting Manuscript reviewer, 2000, 2003 FEA Conference Local Service: Midwest Accounting Research Conference Coordinator 2007-2008 Kelley School of Business Environmental Policy Committee 2006-2007 Department of Accounting Research Workshop Coordinator 2004-2005
Student Accounting Society Faculty Advisor 2005-2006, 2006-2007, 2007-2008 Doctoral Dissertation Examination Committee Chair -Neal Galpin, Finance, 2005-2006 Undergraduate Honors Thesis Supervisor -Michael Staub, Department of Accounting, 2006-2007 Kelley Scholar Finalist Interviewer 2005-2006, 2006-2007 Indiana University Student Foundation Little 50 Race Official, 2004-2005, 2005-2006 Beta Alpha Psi Accounting for the Future Case Competition, 2005-2006 Deloitte Accounting Case Competition, 2004-2005 PWC Xact Accounting Case Competition, 2005-2006, 2006-2007, 2007-2008