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Department of Accounting Studies

+  Next Seminars

The dates below are subject to change without notice

December 6, 2018 (10:00am to 11:30am)

David Godsell, University of Illinois


The political cost hypothesis predicts that managers make accounting choices to reduce the threat of political costs. Examples of political costs include excess-profit taxes, price controls, expropriation and nationalization. Competing theories explain, and research design confounds draw into question, virtually all evidence argued to support the political cost hypothesis. To draw credible inferences from tests of the political cost hypothesis, we exploit an exogenous source of state-year variation in the threat of political costs. We use soldier fatalities local to defense firms as an as-if-random source of variation in the political cost of reporting war profits.

We find that a one standard deviation increase in local soldier fatalities per capita increases defense firms’ income-decreasing discretionary accruals by 1.13 percent of total assets. The magnitude of this effect increases with defense firms’ vulnerability to political costs, and varies predictably with state and firm characteristics. Our inferences are robust to a wide variety of empirical specifications, firm and year fixed effects, alternate measures of accrual-based earnings management and multiple placebo tests. Real actions based earnings management tests corroborate our accrual-based findings. Overall, we find credible and unambiguous evidence in support of the political cost hypothesis.


HEC Montréal, 3000, chemin de la Côte-Ste-Catherine, Montréal, H3T 2A7

Room Groupe Cholette – 1st floor – Yellow sector (South elevators)

For information

Zvi Singer 514-340-1847 
Eduardo Schiehll 514-340-6516
Caroline Lambert 514-340-7794

Seat number is limited. Please note this conference will be given in English.

Department of Accounting Sciences

3000, Cote-Ste-Catherine Road, Suite 5.468

Montreal (QC) H3T 2A7

Site français

+  Certificate

Certificate Programs Office

5255, Decelles Ave., 6th floor

Montreal QC H3T 2B1

  • Fax: (514) 340-5679
  • Office: 6.270 (secretariat)

+  Publications in 2017

FRANCOEUR, Claude, MELIS, A., GAIA, S. and ARESU, S. (2017) Green or Greed? An Alternative Look At CEO Compensation and Corporate Environmental Commitment, Journal of Business Ethics, 140(3), 439-453

LE THIEULE, M.A., LAMBERT, Caroline et MORALES, J. (2017) Accompagner la mort, organiser la fin de vie Ethnographie d’un service de soins aigus de gériatrie Revue Française de Gestion, 262 (1): 105-121


DAMBRIN, C. and LAMBERT, Caroline (2017) Beauty or not beauty: Making up the producer of popular culture, Management Accounting Research, 35: 35-46

SCHIEHLL, Eduardo, Lewellyn, K. and Muller-Kahle, M. (2017) Pilot, Pivot and Advisory Boards: The Role of Governance Configurations in Innovation Commitment. Organization Studies.

Fedyk, T., SINGER, Zvi and Soliman, M. (2017) The Sharpest Tool in the Shed: IPO Financial Statement Managemenet of STEM vs Non-STEM firms, Review of Accounting Studies, 22(4), 1541-1581.

Chatelain-Ponroy, S., Mignot-Gérard, S., Musselin, C. and SPONEM, Samuel (2017) Is Commitment to Performance-based Management Compatible with Commitment to University "Publicness"? Academics' Values in French Universities. Organization Studies.

+  Publications in 2016

SPONEM, Samuel and LAMBERT, Caroline (2016) Exploring Differences in Budget Characteristics, Roles and Satisfaction: A Configurational Approach, Management Accounting Research, 30: 47–61

GARCIA-CASTRO, R., FRANCOEUR, Claude (2016) When More Is Not Better: Complementarities, Costs and Contingencies in Stakeholder, Strategic Management Journal, 37 (2): 406-424

+  Publications in 2015

HAZGUI, Mouna (2015) Dynamique de pouvoir dans l’espace régulatoire de l’audit légal en France, Comptabilité, Contrôle, Audit, 21 (1): 11-43

HAZGUI, Mouna and GENDRON, Y. (2015) "Blurred roles and elusive boundaries: On contemporary forms of oversight surrounding professional work", Accounting, Auditing & Accountability Journal, Vol. 28 Issue: 8, pp.1234-1262,

CARASCO, A., FRANCOEUR, Claude, LABELLE, Réal, LAFFARGA J. and RUIZ-BARBADILLO, E. (2015) Appointing women to boards: Is there a cultural bias?, Journal of Business Ethics, 129 (2): 429-444

MAZOUZ, B., ROUSSEAU, A. et SPONEM, Samuel (2015) Le gestionnaire public en question; La difficile conciliation des logiques bureaucratique et managériale, Revue Française de Gestion, 41(250):89-104

SPONEM, Samuel (2015) Introduction aux numéros spéciaux de la Revue Française de Gestion :

  • Vol 41, No 250 (Juin-Juillet); Le gestionnaire public en question : 1 Institution et organisation
  • Vol 41, No 251 (Août–Septembre); Le gestionnaire public en question : 2 Administration et instrumentation

GOSSELIN, M., HENRI, J.F. and LAURIN, Claude (2015) Costing Governmental Services in a Reformed Environment: Unreachable Goal or Unfinished Business?, Canadian Public Administration, Vol. 58 (3), Sept., pp. 384-405.

VINING, A.R., LAURIN, Claude and WEIMER, D.E. (2015) The Longer-Run Performance Effects of Agencification: Theory and Evidence from Quebec Agencies, Journal of Public Policy, Vol. 35 (2), Aug., pp. 193-222.

+  Publications in 2014

MARMOUSEZ, Sophie, FILIP, A., ANDRÉ, P. (2014) L'impact des normes IFRS sur la relation entre le conservatisme et l'efficacité des politiques d'investissement, Comptabilité Contrôle, Audit, Tome 20 (3) : 101-124

BOZEC, Yves, LAURIN, Claude and MEIER, I. (2014) The Relation between Excess Control and Cost of Capital under Different Law Regimes, International Journal of Managerial Finance, Vol. 10 (1), jan., pp. 93-114.

+  Publications in 2013

MORALES, J. and LAMBERT, Caroline (2013) Dirty work and the construction of identity An ethnographic study of management accounting practices, Accounting Organizations and Society, 38 (3): 228-244

BEN AMAR, W., FRANCOEUR, Claude, HAFSI, T. and LABELLE, Réal (2013) What Makes Better Boards? A Closer Look at Diversity and Ownership, British Journal of Management, 24 (1): 85-101

LE MAUX, Julien, SMAILI, N. and BEN AMAR, W. (2013) De la fraude en gestion à la gestion de la fraude, Revue Française de Gestion, 39/231: 73-85

MULLER-KAHLE, M. I., SCHIEHLL, Eduardo (2013) Gaining the ultimate power edge: Women in the dual role of CEO and Chair, Leadership Quarterly, 24 (5), 666-679

BOZEC, Yves, MEIER, I. and LAURIN, Claude (2013) Financial Flexibility and the Performance During the Recent Financial Crisis, International Journal of Commerce and Management, Vol. 23 (2), juin, pp. 2-22.

+  Publications in 2012

LAMBERT, Caroline and SPONEM, Samuel (2012) Roles, Authority and Involvement of the Management Accounting Function: A Multiple Case-study Perspective, European Accounting Review, 21 (3): 565-589


OZKAN, N., SINGER, Zvi and YOU, H. (2012) Mandatory IFRS Adoption and the Contractual Usefulness of Accounting Information in Executive Compensation, Journal of Accounting Research, 50 (4): 1077-1107


MALSCH, Bertrand, GENDRON, Y. and TREMBLAY, M.S. (2012) Sense making in Compensation Committees: A cultural theory perspective, Organization Studies, 33: 389-421


MARMOUSEZ, Sophie (2012) Étude d’une exception française : Les déterminants du choix de la composition du collège de commissaires aux comptes, Comptabilité, Contrôle, Audit, 1: 121-151


TESSIER, Sophie and OTLEY D. (2012) A conceptual development of Simons’ Levers of Control Framework, Management Accounting Research, 23 (3): 171-185

+  Officers of Teaching Programs

Bachelor's degree in Business Administration (BAA - CPA)

Graduate Diploma in Professional Accounting (DESS-CPA)

Postgraduate Diploma in Taxation (Master's degree in Law, tax option, Faculty of Law, University of Montreal)

Master of Science in Management (M.Sc.)

Doctorate (Ph.D.)

CPA Canada Professional Education Program (National CPA Program)

+  Certificate Team


  • Master of Education
  • Office: 6.434 (Decelles)
  • Téléphone : (514) 340-6389
  • Email:

Zoffirath DISSOU

  • Master of Education



+  Teaching Assistants 2018-2019


  • Office: 5.621
  • Telephone: (514) 340-6546
  • email :
  • Courses assigned: 1-901, 1901A, 1-902, 1902A, 2-905, 3-910, 3-911, MBA 


  • Office: 5.623
  • Telephone: (514) 340-5617
  • email :
  • Courses assigned: 1-901, 1-902, 2-905, 3-910, 3-911, MBA 


  • Office: 5.627
  • Telephone: (514) 340-6549
  • email :
  • Courses assigned: 1-901, 1-902, 2-900, 3-921, 3-930


  • Office: 5.629
  • Telephone: (514) 340-6547
  • email :
  • Courses assigned: 1-901, 1-902, 3-902, 3-916, 3-922, 3-925




  • To consult the teaching assistants, we ask you that you make an appointment.

  • For their availability, check their schedule that is posted on their doorstep.

  • The teaching assistants report to Marie-Eve Quenneville.

September 2018, mf

Department Head


Administration of programs


Senior Assistant


+  Administrative support


Office: 5.468

Activities Officers


Michèle ALLARD

Brigitte LEONARD

Chantal ROSA




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