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Karen Teitel

Economics and Accounting

Associate Professor 
Ph.D., University of Massachusetts, Amherst

Fields: Financial Reporting

•  CV »

Office Phone: 508-793-2679
Office: Stein 537
PO Box: 189A
Office Hours



My primary areas of research are empircal archival research investigating the impact of financial reporting on analysts' forecasts and stock prices and investigating earnings quality implications of management decisions and regulatory changes.


Machuga, S. M., K. Teitel and A. Costello. 2012. “Evidence of Earnings Management and Managers’ Choice of Actuarial Assumptions for the Accounting of Retiree Health Care Costs.”  Advances in Quantitative Analysis in Finance and Accounting, forthcoming

Machuga, S. M., K. Teitel, R. Pfeiffer, Jr. and E. Wu. 2011. “Explaining the Surprising Performance of Whisper Forecasts of Earnings.”  Advances in Quantitative Analysis in Finance and Accounting, 9, 1-29.

Teitel, K. and S. Machuga. 2010.  “The Interaction of Audit Firm Quality and the Mexican Code of Best Corporate Practices on Earnings Quality.”  Review of Business Research, 10, 1, 32-40.

Machuga, S. M. and K. Teitel. 2009 “Board of Director Characteristics and Earnings Quality Surrounding Implementation of a Corporate Governance Code in Mexico.”  Journal of International Accounting, Auditing and Taxation, 18, 1-13.

Machuga, S. M. and K. Teitel. 2007.  “The Effects of the Mexican Corporate Governance Code on the Quality of Earnings and its Components.”  Journal of International Accounting Research, 6, 37-55.

Brown, W.D., H. He, and K. Teitel.  2006.  “Conditional Conservatism and the Value Relevance of Accounting Earnings:  An International Study.” European Accounting Review, 15, 605-626.

Working Papers

Machuga, S., B. Morzuch, K. Teitel and M. Wahab.  “How Analysts and Whisperers Use Fundamental Accounting Signals To Make Quarterly EPS Forecasts.” May 2013.

Teitel, K. and M. Searles ‘08.  “The Effects of the Sarbanes-Oxley Act of 2002 on Earnings Quality.” January 2010.

Phillips, J. and K. Teitel.  “The Perceived Earnings Quality Consequences of  Announcements to Voluntarily Adopt the Fair Value Method of Accounting for Stock Based Compensation.”  August 2007.

Dunbar, A., H. He, J. Phillips, and K. Teitel.  “The Relation Between Accounting  Conservatism and Income Increasing Earnings Management.”  May 2007.  

​External Links

American Accounting Association

International Financial Reporting Standards
American Institute of CPAs 

Massachusetts State Society of CPAs 
CPA Exam

Public Company Accounting Oversight Board
Financial Accounting Standards Board

Securities and Exchange Commission