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Mark C. Penno

Professor
Ray William Shearman Research Fellow

Accounting
W262A  John Pappajohn Bus Bldg
The University of Iowa, Iowa City, IA 52242-1994
Ph: 319-335-1409
Fax: 319-335-1956
E-mail: mark-penno@uiowa.edu

Academic History

  • PhD in Accounting and Information Systems, Northwestern University, 1983
  • MS in Business, University of Wisconsin, 1977
  • BA in Philosophy, University of Wisconsin, 1973

Expertise

  • Accounting Theory

Awards

  • #1 Rank in Accounting Research Productivity for the PhD class of 1983, ISSUES IN ACCOUNTING EDUCATION (2012)
  • Accounting Horizons — Best Paper Award (announced 2009), American Accounting Association
  • Ray William Shearman Research Fellow
  • Meritorious Service Award, OPERATIONS RESEARCH (the Academic Journal), 1996

Selected Publications

  • Causality in the Context of Analytical Models and Numerical Experiments, Ramji Balakrishnan, Mark C. Penno, Accounting, Organization and Society, 2013 - Publication Details Forthcoming
  • The Assignment of Decision Rights in Formal Information Systems. , Mark C. Penno, Mehmet Ozbilgin, Journal Of Management Accounting Research, vol 20, 2008, 83-105
  • Rules and Accounting: Vagueness in Conceptual Frameworks, Mark C. Penno, Accounting Horizons, vol 22, 2008, 339-352
  • The Contracting Value of Tainted Reports in Cost Reduction Settings, Mark C. Penno, European Economic Review, vol 49, 2005, 1979-1985
  • Corporate Disclosure and Operational Strategy: Financial versus Operational Success, Mark C. Penno, Mehmet Ozbilgin, Management Science, vol 51, 2005, 920-931
  • Auditing in the Presence Of Outside Sources Of Information, Mark C. Penno, Mark Bagnoli, Susan Watts, Journal of Accounting Research, vol 39, 2001, 435-447
  • Private Predecision Information, Performance Measure Congruity, and the Value of Delegation, Mark C. Penno, Robert Bushman, Raffi Indjejikian, Contemporary Accounting Research, vol 17, 2000, 561-589
  • Information Quality and Voluntary Disclosure, Mark C. Penno, The Accounting Review, vol 72, 1997, 275-284
  • The Concentration of Local Markets: A Study of Accounting, Advertising, and Law, Mark C. Penno, Beverly R. Walther, Accounting Horizons, vol 10, 1996, 88-99
  • Unobservable Precision Choices in Financial Reporting, Mark C. Penno, Journal of Accounting Research, Spring, vol 34, 1996, 141-150
  • Imperfect Competition in Audit Markets and its Effect on the Demand for Audit Related Services, Mark C. Penno, Frank Gigler, The Accounting Review, vol 70, 1995, 317-336
  • An Independent Auditor's Ex-Post Criteria for the Disclosure of Information, Mark C. Penno, John S. Watts, The Journal of Accounting Research, vol 29, 1991, 194-212
  • Accounting Systems, Participation in Budgeting, and Performance Evaluation, Mark C. Penno, Accounting Review, vol 65, 1990, 303-314
  • Auditing for Performance Evaluation, Mark C. Penno, The Accounting Review, vol 65, 1990, 520-536
  • A Note on the Value of Information Given Asymmetric Information and Self-Reporting, Mark C. Penno, Contemporary Accounting Research, vol 3, 1987, 368-374
  • Accounting Choices: Public Versus Private Firms, Mark C. Penno, Daniel T. Simon, Journal of Business Finance and Accounting, vol 13, 1986, 561-569
  • Informational Issues in the Financial Reporting Process, Mark C. Penno, Journal of Accounting Research, vol 23, 1985, 240-255
  • Asymmetry of Pre-decision Information and Managerial Accounting, Mark C. Penno, Journal of Accounting Research, vol 22, 1984, 177-191

            Current & Prior Positions

            • Professor, University of Iowa, 2004 - Present
            • Associate Professor, Purdue Univeristy, 1996 - 2004
            • Departmental Visitor -- Accounting, London School Of Economics, October 2002 - December 2002
            • Associate Professor, University of Chicago, 1990 - 1996
            • Assistant Professor, University of Chicago, 1986 - 1990
            • Visiting Assistant Professor, University of Chicago, 1985 - 1986
            • Assistant Professor, Washington University, 1983 - 1985
            • Auditor, Arthur Young and Company, 1977 - 1978

                    Committees and Professional Service

                    • Chair Accounting Department Faculty Recruiting Committee, 2006-current
                    • Ph.D. Committee -- Accounting, 2004-current
                    • Promotion and tenure committee, 2007-2009
                    • Elected Faculty Council (EFC) , 2006-2008
                    • MBA Policy Committee , 2006-2007
                    • Dean Search Committee, 2005-2006
                    • Deans Advisory Council, 2004-2006

                      Licensures and Certifications

                      • Passed CPA Exam - 1978