Elaine Henry (ehenry1)

Elaine Henry

Professor & Area Coordinator of the Finance, Economics, Financial Engineering and Accounting

School of Business

Babbio Center 408
(201) 216-3688
(201) 216-5385

Education

  • PhD (2005) Rutgers University (Accounting)
  • MBA (1981) Harvard Business School (Finance)

Research

Financial disclosure and financial narrative
International Financial Reporting
Related Party Transactions

Experience

Stevens Institute of Technology, Professor, School of Business, 2022 to present.
Stevens Institute of Technology, Associate Professor, School of Business, 2015 to 2022.

Fordham University, Clinical Associate Professor, Department of Accounting & Taxation, and Director, Fordham CFA Program Partner Initiative, Bronx, NY, 2012 to 2015.

University of Miami School of Business Administration, Coral Gables, FL, Assistant Professor, Department of Accounting, 2005 to 2012.

Citibank, New York, London, Athens, Senior Banker, Vice-President, 1987-2001.

McKinsey & Company, New York, Hong Kong, Management Consultant, 1983-1986.

Lehman Brothers Kuhn Loeb, New York, Associate, Corporate Finance, 1981-1983.

Institutional Service

  • Board of Trustees Member
  • 2022/23 Accounting Lecturer Search Committee Chair
  • Board of Trustees Finance Committee Member
  • School of Business Nominating Committee Member
  • School of Business P&T Committee Member
  • School of Business: Faculty Champion -- Accounting and Analytics Undergraduate Major Member
  • CFA Institute (Chartered Financial Analyst) University Affiliation Program Chair
  • School of Business Strategic Planning Committee Member
  • 2022/23 TT Accounting Faculty Search Committee Chair
  • Strategic Plan 2022 Steering Committee Member
  • 2021/22 Accounting Non-Tenure Track Faculty Search Committee Chair
  • Academic Operations and Affairs Committee Member
  • Academic Operations and Affairs Committee's Promotions Sub- Committee member Member
  • School of Business: Undergraduate Curriculum Committee Member
  • School of Business: Management Programs Academic Committee Member
  • School of Business: Ethics Committee Member
  • VPDAE Search committee Member
  • Accounting Preliminary search committee Chair
  • New Faculty Orientation Faculty Experience Panel Member
  • School of Business Accounting Faculty Search Committee Chair
  • Faculty Representative Stevens’ next Vice President for Development and Alumni Engagement Member

Professional Service

  • American Accounting Association Global Engagement Committee Member and Committee Member. Notable and Distinguished Contributions to Accounting Literature Award Screening Committee
  • International Accounting Section of the American Accounting Association Immediate Past-President, Member of Nominating Committee, and Member of Executive Council
  • President - International Accounting Section of the American Accounting Association 2019-2020
  • Vice-President Academic, International Accounting Section of American Accounting Association 2018-2019
  • American Accounting Association and Ernst & Young Senior Faculty at the 2019 New Faculty Consortium

Honors and Awards

American Accounting Association International Section Outstanding Service Award, 2023.
Bright Idea Award, Publications of New Jersey’s Business Faculty, 16 ed., 2017
Deloitte Foundation Doctoral Fellowship Award, 2003
Citibank Global Corporate Bank, Global Relationship Banking Award, 1998, in recognition of role as transactor in cross-border acquisition financing on the basis of creativity, leadership, cross-organizational cooperation.

Professional Societies

  • CFANY – CFA Society of New York (Fellow = N/A) Member
  • CFA (Chartered Financial Analyst) Institute – CFA Institute (Fellow = N/A) Member
  • AAA – American Accounting Association (Fellow = N/A) Member

Grants, Contracts and Funds

“Income Statement Presentation and Forecasting Quality.” Co-principal investigators: Elaine Henry and Steve Yang. Informing the IASB Standard Setting Process IAAER – KPMG Research Program. Grant from KPMG Foundation and KPMG Global Services Group, 2020.

Selected Publications

Book

  1. Pinto, J.; Henry, E.; Robinson, T.; Stowe, J.; Cohen, A. (2020). Equity Asset Valuation, CFA Investment Series. Wiley.

Book Chapter

  1. Henry, E.; Leone, A. J. (2014). Measuring the tone of accounting and financial narrative. Communication and Language Analysis in the Corporate World (pp. 36--47). IGI Global.
  2. Gordon, E. A.; Henry, E.; Palia, D. (2004). Related party transactions and corporate governance. Corporate Governance (pp. 1--27). Emerald Group Publishing Limited.

Conference Proceeding

  1. Gordon, E. A.; Henry, E.; Palia, D. (2006). Related party transactions: associations with corporate governance and firm value. EFA 2004 Maastricht Meeting Paper \& AFA.
  2. Gordon, E. A.; Henry, E.; Palia, D. (2004). Determinants of related party transactions and their impact on firm value. American Accounting Association 2004 Annual Conference Paper (pp. 1--60).

Journal Article

  1. Henry, E. N.; Liu, F.; Yang, S. Y.; Zhu, X. (2023). Does Financial Statement Line-item Comparability Affect Analysts’ Forecasts?. Journal of Accounting, Auditing & Finance (vol. Online, pp. 36). Thousand Oaks, CA : Sage Publications.
  2. Chen, J.; Henry, E.; Jiang, X. (2022). Is Cybersecurity Risk Factor Disclosure Informative? Evidence from Disclosures Following a Data Breach. (vol. 187). Journal of Business Ethics.
    https://link.springer.com/article/10.1007/s10551-022-05107-z.
  3. Henry, E.; Thewissen, J.; Torsin , W. (2021). International Earnings Announcements: Tone, Forward-looking Statements, and Informativeness. European Accounting Review (pp. 1-35). European Accounting Review.
    https://doi.org/10.1080/09638180.2021.1963795.
  4. Clor-Proell, S.; Brown, N.; Stubben, S.; White, B.; Blankespoor, E.; Gordon, E.; Gujarathi, M.; Henry, E.; Merkley , K.. Response to the FASB Invitation to Comment: Identifiable Intangible Assets and Subsequent Accounting for Goodwill. Accounting Horizons (no. 3 ed., vol. Vol 36, pp. 1-19). AAA Accounting Horizons.
  5. Bai, X.; Fang, R.; Henry, E.; Hu, N. (2020). Supply chain hierarchical position and firms’ information quality. Journal of Financial Stability (vol. 51). Journal of Financial Stability (Springer).
    https://doi.org/10.1016/j.jfs.2020.100815.
  6. Henry, E.; Peytcheva, M. (2020). Joint Effects of Boilerplate and Text Markup on the Judgments of Novice and Experienced Users of Financial Information. Behavioral Research in Accounting (1 ed., vol. 32, pp. 1-20). Behavioral Research in Accounting (AAA).
    http://dx.doi.org/10.2308/bria-52582.
  7. Henry, E.; Hu, N.; Jiang, X. (2020). Relative Emphasis on Non-GAAP Earnings in Conference Calls: Determinants and Market Reaction. European Accounting Review (1 ed., vol. 29, pp. 169-197). European Accounting Review ( Informa UK Ltd).
    http://dx.doi.org/10.1080/09638180.2019.1664312.
  8. Henry, E.; Peytcheva, M. (2018). Earnings-Announcement Narrative and Investor Judgment. Accounting Horizons (3 ed., vol. 32, pp. 123-143). Accounting Horizons (AAA) .
  9. Gordon, E. A.; Henry, E.; Jorgensen, B. N.; Linthicum, C. L. (2017). Flexibility in cash-flow classification under IFRS: determinants and consequences. Review of Accounting Studies (2 ed., vol. 22, pp. 839-872). Review of Accounting Studies (Springer).
  10. Ciesielski, J. T.; Henry, E. (2017). Accounting’s Tower of Babel: Key Considerations in Assessing Non-GAAP Earnings. Financial Analysts Journal (2 ed., vol. 73, pp. 34--50). Financial Analysts Journal (Routledge).
  11. Henry, E.; Leone, J. A. (2016). Measuring qualitative information in capital markets research: Comparison of alternative methodologies to measure disclosure tone. Accounting Review (1 ed., vol. 91, pp. 153-178). The Accounting Review (AAA).
  12. Gordon, E. A.; Henry, E.; Li, X.; Sun, L. (2014). Management Guidance Pre-and Post-Restatement. Journal of Business Finance \& Accounting (7-8 ed., vol. 41, pp. 867--892). Journal of Business Finance \& Accounting (Wiley).
  13. Gordon, E. A.; Henry, E.; Peytcheva, M.; Sun, L. (2013). Discretionary disclosure and the market reaction to restatements. Review of Quantitative Finance and Accounting (1 ed., vol. 41, pp. 75--110). Review of Quantitative Finance and Accounting (Springer).
  14. Yang, Y.; Henry, E. (2013). Does Multistandard Reporting Affect Analysts' Forecasts?. Journal of Corporate Accounting \& Finance (2 ed., vol. 24, pp. 55--67). Journal of Corporate Accounting \& Finance (Wiley) .
  15. Henry, E.; Holzmann, O. J. (2012). Costly compliance with US GAAP: The private-company dilemma. Journal of Corporate Accounting \& Finance (3 ed., vol. 23, pp. 87--91). Journal of Corporate Accounting \& Finance (Wiley).
  16. Henry, E.; Holzmann, O. J. (2012). Costs of accounting for goodwill: Accounting standards update 2011-08. Journal of Corporate Accounting \& Finance (2 ed., vol. 23, pp. 89--93). Journal of Corporate Accounting \& Finance (Wiley) .
  17. Henry, E.; Holzmann, O. J. (2012). Lease accounting: Back to the future?. Journal of Corporate Accounting \& Finance (5 ed., vol. 23, pp. 71--75). Journal of Corporate Accounting \& Finance (Wiley) .
  18. Henry, E.; Holzmann, O. J. (2012). Offsetting of assets and liabilities. Journal of Corporate Accounting \& Finance (4 ed., vol. 23, pp. 65--69). Journal of Corporate Accounting \& Finance (Wiley) .
  19. Henry, E.; Gordon, E. A.; Reed, B.; Louwers, T. (2012). The role of related party transactions in fraudulent financial reporting. Journal of Forensic & Investigative Accounting (1 ed., vol. 4, pp. 186-213). Journal of Forensic & Investigative Accounting (NACVA).
  20. Henry, E.; Holzmann, O. J. (2011). Conceptual framework revisions: Say goodbye to “Reliability” and “Stewardship”. Journal of Corporate Accounting \& Finance (3 ed., vol. 22, pp. 91--94). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  21. Henry, E.; Holzmann, O. J. (2011). EITF: Recent activity on business combinations disclosures, goodwill and deconsolidations. Journal of Corporate Accounting \& Finance (4 ed., vol. 22, pp. 99--104). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  22. Henry, E.; Holzmann, O. J. (2011). FASB's progress toward convergence: Expeditious but thoughtful. Journal of Corporate Accounting \& Finance (5 ed., vol. 22, pp. 97--100). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  23. Henry, E.; Holzmann, O. J. (2011). Lease accounting project reaches exposure draft stage. Journal of Corporate Accounting \& Finance (2 ed., vol. 22, pp. 65--70). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  24. Henry, E. (2011). Presentation of comprehensive income: another (small) step toward convergence. Journal of Corporate Accounting \& Finance (1 ed., vol. 23, pp. 85--90). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  25. Henry, E.; Holzmann, O. J. (2010). FAS 167: Progress in living with FASB interpretation no. 46 (R)?. Journal of Corporate Accounting \& Finance (4 ed., vol. 21, pp. 81--86). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  26. Henry, E.; Holzmann, O. J. (2010). FASB's busy 2010: A midyear review. Journal of Corporate Accounting \& Finance (1 ed., vol. 22, pp. 97--104). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  27. Henry, E.; Holzmann, O. J. (2010). Financial statement presentation of discontinued operations. Journal of Corporate Accounting \& Finance (2 ed., vol. 21, pp. 97--101). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  28. Henry, E.; Holzmann, O. J. (2010). LIFO costing for inventory: A key area of nonconvergence. Journal of Corporate Accounting \& Finance (5 ed., vol. 21, pp. 73--78). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  29. Henry, E.; Holzmann, O. J. (2009). Accounting hierarchies. Journal of Corporate Accounting \& Finance (6 ed., vol. 20, pp. 95--99). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  30. Henry, E.; Holzmann, O. J. (2009). Business combinations revisited: Assets and liabilities arising from contingencies. Journal of Corporate Accounting \& Finance (4 ed., vol. 20, pp. 83--87). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  31. Henry, E.; Holzmann, O. J. (2009). Contract-based revenue recognition. Journal of Corporate Accounting \& Finance (5 ed., vol. 20, pp. 77--81). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  32. Henry, E.; Holzmann, O. J. (2009). Convertible debt instruments that may be settled in cash. Journal of Corporate Accounting \& Finance (2 ed., vol. 20, pp. 105--110). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  33. Henry, E. (2009). Early adoption of SFAS No. 159: Lessons from games (almost) played. Accounting Horizons (2 ed., vol. 23, pp. 181--199). Accounting Horizons (AAA).
  34. Henry, E.; Holzmann, O. J. (2009). FASB, IASB respond to financial crisis. Journal of Corporate Accounting \& Finance (3 ed., vol. 20, pp. 71--75). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  35. Frost, C. A.; Henry, E.; Lin, S. W.; Research Committee of the American Accounting Association’s International Accounting Section (2009). Response to the US Securities and Exchange’s Proposed Rule: Roadmap for the Potential Use of Financial Statements Prepared in Accordance with International Financial Reporting Standards by US Issuers (Release No. 33-8831; 34-56217; IC-27924; File No. S7-20-07). Journal of International Accounting Research (2 ed., vol. 8, pp. 61--85).
  36. Frost, C. A.; Henry, E.; Lin, S. W.; others (2009). Response to the US Securities and Exchange’s Proposed Rule: Roadmap for the Potential Use of Financial Statements Prepared in Accordance with International Financial Reporting Standards by US Issuers (Release No. 33-8831; 34-56217; IC-27924; File No. S7-20-07). Journal of International Accounting Research (2 ed., vol. 8, pp. 61-85). Journal of International Accounting Research (AAA).
  37. Henry, E.; Holzmann, O. J. (2009). The codification of US GAAP vs. IFRSs. Journal of Corporate Accounting \& Finance (1 ed., vol. 21, pp. 77--84). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  38. Henry, E.; Lin, S.; Yang, Y. (2009). The European-US “GAAP Gap”: IFRS to US GAAP Form 20-F Reconciliations. Accounting Horizons (2 ed., vol. 23, pp. 121--150). Accounting Horizons (AAA).
  39. Henry, E.; Holzmann, O. J.; Yang, Y. (2008). Accounting for Convertible Debt Instruments. Journal of Corporate Accounting \& Finance (2 ed., vol. 19, pp. 87--91). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  40. Henry, E. (2008). Are investors influenced by how earnings press releases are written?. The Journal of Business Communication (4 ed., vol. 45, pp. 363--407). The Journal of Business Communications (SAGE Publications).
  41. Henry, E.; Holzmann, O. J.; Yang, Y. (2008). Business combinations: Accounting standards converge. Journal of Corporate Accounting \& Finance (4 ed., vol. 19, pp. 73--80). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  42. Louwers, T. J.; Henry, E.; Reed, B. J.; Gordon, E. A. (2008). Deficiencies in auditing related-party transactions: Insights from AAERs. Current Issues in Auditing (2 ed., vol. 2, pp. A10--A16). Current Issues in Auditing (AAA).
  43. Henry, E.; Holzmann, O. J. (2008). Financial statement presentation. Journal of Corporate Accounting \& Finance (1 ed., vol. 20, pp. 79--83). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  44. Henry, E.; Holzmann, O. J.; Yang, Y. (2008). The recent credit crunch and GAAP. Journal of Corporate Accounting \& Finance (5 ed., vol. 19, pp. 89--94). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  45. Gordon, E. A.; Henry, E.; Louwers, T. J.; Reed, B. J. (2007). Auditing related party transactions: A literature overview and research synthesis. Accounting Horizons (1 ed., vol. 21, pp. 81-102). Accounting Horizons (AAA).
  46. Henry, E.; Holzmann, O. J.; Yang, Y. (2007). Fair value measurements: The next step. Journal of Corporate Accounting \& Finance (6 ed., vol. 18, pp. 89--94). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  47. Henry, E.; Holzmann, O. J.; Yang, Y. (2007). Financial statement impact of SFAS 158. Journal of Corporate Accounting \& Finance (4 ed., vol. 18, pp. 77--81). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  48. Henry, E.; Yang, Y. (2007). Making the right comparisons: Novartis AG. Issues in Accounting Education (4 ed., vol. 22, pp. 721--733). Issues in Accounting Education (AAA).
  49. Henry, E.; Holzmann, O. J.; Yang, Y. (2007). Mitigating the volatility of reported earnings: SFAS 159. Journal of Corporate Accounting \& Finance (5 ed., vol. 18, pp. 85--88). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  50. Henry, E.; Holzmann, O. J.; Yang, Y. (2007). Tracking the lease accounting project. Journal of Corporate Accounting \& Finance (1 ed., vol. 19, pp. 73--76). Wiley Subscription Services, Inc., A Wiley Company Hoboken.
  51. Henry, E.; Lin, S. W.; Yang, Y. (2007). Weak signal: Evidence of IFRS and US GAAP convergence from Nokia's 20-F reconciliations. Issues in Accounting Education (4 ed., vol. 22, pp. 709--720). Issues in Accounting Education (AAA).
  52. Henry, E. (2006). Market reaction to verbal components of earnings press releases: Event study using a predictive algorithm. Journal of Emerging Technologies in Accounting (1 ed., vol. 3, pp. 1--19). Journal of Emerging Technologies in Accounting (AAA).
  53. Gordon, E. A.; Henry, E. (2005). Related party transactions and earnings management. Available at SSRN 612234.

Monograph, 2019 update of 2016 publication

  1. Henry, E.. Related Party Transactions, Bloomberg BNA Accounting Policy & Practice Portfolio 5148-3rd by Elaine Henry. Published by Tax Management Inc., a BNA Company . Bloomberg BNA.

Other

  1. Henry, E.. Related Party Transactions, Bloomberg BNA Accounting Policy & Practice Portfolio 5148-3rd by Elaine Henry. Published by Tax Management Inc., a BNA Company . Bloomberg BNA.
  2. Robinson, T. R.; Henry, E.; Pirie, W. L.; Broihahn, M. A. (2015). International financial statement analysis. John Wiley \& Sons.