Profile image of Mark Penno
Sidney G. Winter Professor of Accounting

Contact

Positions

  • Professor of Accounting

    Tippie College of Business

Education

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

Areas of Interest

  • Accounting Theory
  • You can access my working papers on the Social Science Research Network (SSRN) at https://ssrn.com/author=85568

Licenses & Certifications

  • Chartered Global Management Accountant, American Institute of Certified Public Accountants/Chartered Institute of Management Accountants. Since, January 2014.
  • Member: American Institute of Certified Public Accountants, American Institute of Certified Public Accountants. Since, January 1978.
  • Passed CPA Exam, January 1978.

Selected Awards & Honors

  • #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
  • Fellow of the Accounting and Economics Society, Accounting and Economics Society, 2019

Selected Publications

  • Penno, M. C. (2022). The Theory of Assurance: Balancing Costly Formal Control with Tone at the Top. Management Science Volume 68 (1) 654-668.
  • Penno, M. (2021). Concepts-Based Accounting Standards. Abacus (Forthcoming).
  • Penno, M. C. (In Press). A Positive Theory of Accounting-Based Management by Exception. Journal Of Management Accounting Research.
  • Balakrishnan, R. & Penno, M. C. (2014). Causality in the Context of Analytical Models and Numerical Experiments. Accounting, Organization and Society.
  • Penno, M. C. (2008). Rules and Accounting: Vagueness in Conceptual Frameworks. Accounting Horizons 22 (3) 339-352.
  • Penno, M. C. & Ozbilgin, M. (2008). The Assignment of Decision Rights in Formal Information Systems. Journal Of Management Accounting Research 20 83-105.
  • Penno, M. C. (2005). The Contracting Value of Tainted Reports in Cost Reduction Settings. European Economic Review 49 1979-1985.
  • Penno, M. C. & Ozbilgin, M. (2005). Corporate Disclosure and Operational Strategy: Financial versus Operational Success. Management Science 51 920-931.
  • Penno, M. C., Bagnoli, M. & Watts, S. (2001). Auditing in the Presence Of Outside Sources Of Information. Journal of Accounting Research 39 435-447.
  • Penno, M. C., Bushman, R. & Indjejikian, R. (2000). Private Predecision Information, Performance Measure Congruity, and the Value of Delegation. Contemporary Accounting Research 17 561-589.