Biography
Stanimir Markov joined the Goizueta Business School faculty in the fall of 2001. His teaching interests are in financial accounting and financial statement analysis. His research focuses on financial analysts. He investigates the determinants of the consistency of financial analyst's stock recommendations and earnings forecast revisions, and the variation in their incremental information content. Currently, he explores whether financial analysts' quarterly forecasts reflect financial analysts' learning about the parameters of the quarterly earnings process.

Publications

• The Effectiveness of Regulation FD , 2004, Journal of Accounting and Economics 37, 293-314
• Loss function assumptions in rational expectations tests on financial analysts, 2004, Journal of Accounting and Economics 38, 171-203
• Predictability in financial analyst earnings forecast errors: learning or irrationality, 2006, Journal of Accounting Research 44, 725-761

Working Papers

• Separating the effects of asymmetric incentives and inefficient use of information on financial analysts' consensus forecast errors, with Min-Yen Tan, September 2005
• What makes a stock risky? Evidence from sell-side analysts' risk ratings?, with Daphne Lui and Ane Tamayo, May 2006
• Loss function asymmetry and forecast optimality: Evidence from individual analysts’ forecasts, with Min-Yen Tan, May 2006
• Systematic errors in analysts’ forecasts: Evidence from analysts’ use of inflation information, with Sudipta Basu and Lakshmanan Shivakumar, March 2006
• Combining the evidence on financial analysts' inefficient use of prior earnings information, with Sudipta Basu, January 2004
• Financial analyst stock recommendations and earnings forecast revisions

Areas of Specialization

• Empirical accounting and financial research

Achievements and Honors

• Best Dissertation Award of the Financial Accounting and Reporting Section of the American Accounting Association, 2002
• American Accounting Association Doctoral Consortium Fellow, 2000
• Arthur Andersen Doctoral Dissertation Fellow, 2000-2001
• Beta Gamma Sigma, 1996

Professional Memberships and Activities

• Referee for The Journal of Accounting and Economics, The Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, Journal of Accounting and Public Policy, European Accounting Review, Journal of Finance, and Journal of Corporate Finance
• American Accounting Association
• American Finance Association

Academic Background
Ph.D., Business Administration (Major in Accounting, Minor in Finance), University of Rochester, 2002
M.S., Applied Economics, University of Rochester, 2000
MBA, Georgetown University, 1996
M.A., International Economic Relations, University of National and World Economy, 1994