NYU Stern

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Stephen G. Ryan

Stephen G. Ryan

Joined Stern 1990

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 10-73
New York, NY 10012

E-mail sryan@stern.nyu.edu
Personal website

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Biography

Stephen G. Ryan is the KPMG Faculty Fellow, Professor of Accounting, and Director of the Accounting Doctoral Program at New York University Stern School of Business. Professor Ryan teaches two unique financial accounting and analysis courses developed at Stern: Analysis of Financial Institutions and Financial Instruments (MBA program) and Accounting for Financial Instruments (MS in Accounting program). He also teaches in the doctoral program.

Professor Ryan has been at Stern since 1990. His primary research areas include accounting measurement, accounting-based valuation and risk assessment, and financial reporting by financial institutions and for financial instruments. Professor Ryan has published in numerous journals including The Accounting Review, Journal of Accounting, Auditing and Finance, Journal of Accounting Research, Review of Accounting Studies, Accounting Horizons and Financial Analysts Journal. He is also the author of Financial Instruments and Institutions: Accounting and Disclosure Rules, first edition (John Wiley & Sons, 2002) and second edition (John Wiley & Sons, 2007). Before joining Stern, Professor Ryan worked at Yale School of Organization and Management and Bain and Company.

Professor Ryan is actively involved in financial accounting standards setting. He currently serves on the Financial Accounting Standards Board's Liabilities and Equity Resource and Financial Institutions Advisory groups. Until 2003, he was a member of the Financial Accounting Standards Advisory Council, the advisory body for the Financial Accounting Standards Board. He has also previously chaired the American Accounting Association's Financial Accounting Standards and Financial Reporting Issues Conference committees. Professor Ryan served as the editor of the Review of Accounting Studies from 2006-2011.

Professor Ryan received his Bachelor of Arts from Dartmouth College and his Doctor of Philosophy in business from Stanford University.

Research Interests

  • Accounting measurement
  • Accounting-based valuation and risk assessment
  • Financial reporting by financial institutions and for financial instruments

Courses Taught

  • Accounting for Financial Instruments
  • Analysis of Financial Institutions and Financial Instruments
  • Empirical Research in Financial Accounting

Academic Background

Ph.D., Business, 1988
Stanford University

A.B., Economics/Philosophy, 1981
Dartmouth University

Awards & Appointments

 
Amerian Accounting Association Financial Accounting and Reporting Section Best Paper Prize 2011
The Accounting Review Emerald Management Reviews Citation of Excellence for one of the 50 best articles 2009
Accounting Horizons Co-winner Best Paper Prize 2006
Accounting Horizons Co-winner Best Paper Prize 2004

Selected Publications

Lev, B., S. Ryan, and M. Wu (2008)
Rewriting Earnings History
Review of Accounting Studies, December 2008, pp. 419-451

Ryan, S. (2008)
Accounting in and for the Subprime Crisis
The Accounting Review, November 2008, 1605-1638

Chen, W., C. Liu, and S. Ryan (2008)
Characteristics of Securitizations that Determine Issuers’ Retention of the Risks of the Securitized Assets
The Accounting Review, September 2008, pp. 1181-1215

Ryan, S., J. Tucker, and P. Zarowin (2006)
Classification and Market Pricing of the Cash Flows and Accruals on Trading Positions
The Accounting Review, March 2006, pp. 443-472

Liu, C., and S. Ryan (2006)
Income Smoothing over the Business Cycle: Changes in Banks’ Coordinated Management of Provisions for Loan Losses and Loan Charge-offs from the Pre-1990 Bust to the 1990s Boom
The Accounting Review, March 2006, pp. 421-441

Beaver, W., and S. Ryan (2005)
Conditional and Unconditional Conservatism: Concepts and Modeling
Review of Accounting Studies, June/September 2005, pp. 269-309

Liu, C., S. Ryan, and H. Tung (2004)
How Banks’ Value-at-Risk Disclosures Predict their Total and Priced Risk: Effects of Bank Technical Sophistication and Learning over Time
Review of Accounting Studies, June 2004, pp. 265-294

Ryan, S., and P. Zarowin (2003)
Why Has the Contemporaneous Linear Returns-Earnings Relation Declined?
The Accounting Review, April 2003, pp. 523-553

Areas of Expertise

Accounting

  • Financial Reporting
  • Regulatory Bodies (FASB, IASB, PCAOB, SEC, IFRS, GAAP)
  • Valuation

Finance

  • IPOs

Industry

  • Housing/Real Estate
  • News Media