Trevor S. Harris

Arthur J. Samberg Professor of Professional Practice

Accounting

BComm (Hons.), University of Cape Town, 1976; MComm, 1980; PhD, University of Washington, 1983.

Joined CBS in 1983

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Trevor Harris

Office
608 Uris

Phone
212-851-1802

E-mail
tsh1@columbia.edu

Fax
212-854-3162

Teaching and research interest

Professor Harris' research and practical experience has covered most areas of the use of accounting information for valuation, investment and management decisions, with a particular focus on global aspects. He originally joined the Columbia Business School faculty in 1983, and was the Jerome A. Chazen Professor of International Business, Director of the Chazen Institute of International Business and Chair of the Accounting Department, prior to joining Morgan Stanley as a Managing Director and Head of the Global Valuation and Accounting Team in 2000. He rejoined the faculty of Columbia Business School in July 2008 and was appointed as The Arthur J. Samberg Professor of Professional Practice. He has taught the core courses in financial and managerial accounting, and electives in corporate financial reporting and international financial statement analysis. He created a new elective course in Spring 2009 titled Fundamental Analysis for Investment & Management Decisions: A Practical Guide. He was the recipient of the Margaret Chandler Award for Commitment to Excellence in teaching EMBA class of 1998 and 2001, the Chazen Institute Prize for Innovation in Teaching, 1996, and the Singhvi Prize for Excellence in Teaching, 1985. He is co-Director of Columbia's Center for Excellence in Accounting and Security Analysis. He has published widely on valuation and accounting issues, in both academic and practitioner journals. He has made presentations at over 200 conferences, institutes and universities around the world.

Through September 2008, Professor Harris was a Managing Director and Vice Chairman at Morgan Stanley, working on special projects for Firm Management in all business areas. He became a Senior Advisor to Morgan Stanley in October 2008. In his time in Equity Research he was the primary author of the Apples-to-Apples research series focusing on global sector valuations and earnings quality issues, and led the development of Morgan Stanley's ModelWare project. He wrote extensively on earnings quality, company-specific investment ideas and global pension and retiree benefit issues and was voted to the Institutional Investor All American Team during his time in research. He has also worked with corporate and investor clients on disclosure and valuation issues, and capital raising situations. Working with senior management, he was responsible for developing strategic solutions, and enhancing the management information systems of the firm. He has served on the Standards Advisory Council to the International Accounting Standards Board (until November 2008), the Users' Advisory Council to the Financial Accounting Standards Board (current) and was a member of the International Capital Markets Advisory Committee at the New York Stock Exchange until its dissolution. Professor Harris has provided advice on international accounting, controllership, valuation and investor relations issues to many large, international corporations.

Chapters

Accounting's Role in the Reporting, Creation, and Avoidance of Systemic Risk in Financial Institutions In The Handbook of Systemic Risk (2013)
Author(s): Trevor Harris, Robert Herz, Doron Nissim

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Morgan Stanley ModelWare's Approach to Intrinsic Value: Focusing on Risk-Reward Trade-offs In Equity Valuation: Models from Leading Investments (2009)
Author(s): Juliet Estridge, Trevor Harris, Doron Nissim

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Accounting Standards, Information Flow, and Firm Investment Behavior In The Effects of Taxation on Multinational Corporations (1995)
Author(s): Jason G. Cummins, Trevor Harris, Kevin A. Hassett

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Journal articles

Discussion of 'The robustness of the Sarbanes Oxley effect on the U.S. capital market' In Review of Accounting Studies (2009)
Author(s): Trevor Harris

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Enterprise Valuation Roundtable In Journal of Applied Corporate Finance (2007)
Author(s): Trevor Harris

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FMA Roundtable on Stock Market Pricing and Value-Based Management In Journal of Applied Corporate Finance (2006)
Author(s): Trevor Harris

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From Stock Selection to Portfolio Alpha Generation: The Role of Fundamental Analysis In Journal of Applied Corporate Finance (2006)
Author(s): Trevor Harris

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Are Dividend Taxes and Imputation Credits Capitalized in Share Values? In Journal of Public Economics (2001)
Author(s): R. Glenn Hubbard, Trevor Harris

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The Share Price Effects of Dividend Taxes and Tax Imputation Credits In Journal of Public Economics (2001)
Author(s): Trevor Harris, R. Glenn Hubbard

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Dividend Taxation in Firm Valuation: New Evidence In Journal of Accounting Research (1999)
Author(s): Trevor Harris, Deen Kemsley

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An Argument Against Hedging by Matching the Currencies of Costs and Revenues In Journal of Applied Corporate Finance (1996)
Author(s): Trevor Harris

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A Comparison of Relations Between Security Market Prices, Returns and Accounting Measures in Japan and the United States In Journal of International Financial Management and Accounting (1994)
Author(s): Charles Hall, Yasushi Hamao, Trevor Harris

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The Value Relevance of German Accounting Measures: An Empirical Analysis In Journal of Accounting Research (1994)
Author(s): Trevor Harris, M. Lang, H. P. Möller

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A Comparison of the Value-Relevance of U.S. versus Non-U.S. GAAP Accounting Measures Using Form 20-F Reconciliations In Journal of Accounting Research (1993)
Author(s): Eli Amir, Trevor Harris, E. Venuti

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An Investigation of Revaluations of Tangible Long-Lived Assets In Journal of Accounting Research (1993)
Author(s): Peter Easton, Peter Eddey, Trevor Harris

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Price-Earnings and Price-to-Book Anomalies: Tests of an Intrinsic Value Explanation In Contemporary Accounting Research (1993)
Author(s): Trevor Harris, P. M. Fairfield

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Aggregate Accounting Earnings Can Explain Most of Security Returns: The Case of Long Return Intervals In Journal of Accounting and Economics (1992)
Author(s): Peter Easton, Trevor Harris, James A. Ohlson

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Do Management Forecasts of Earnings Affect Stock Prices in Japan? In Journal of Accounting, Auditing and Finance (1991)
Author(s): M. Darrough, Trevor Harris

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Earnings as an Explanatory Variable for Returns In Journal of Accounting Research (1991)
Author(s): Peter D. Easton, Trevor Harris

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Accounting Disclosures and the Market's Valuation of Oil and Gas Properties: Evaluation of Market Efficiency and Functional Fixation In The Accounting Review (1990)
Author(s): Trevor Harris, James A. Ohlson

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The Predictive Ability of Geographic Segment Disclosures In Journal of Accounting Research (1990)
Author(s): Ramji Balakrishnan, Trevor Harris, Pradyot K. Sen

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Inflation, Translation and Conflicts in Statements of Financial Accounting Standards In Journal of International Financial Management and Accounting (1989)
Author(s): Trevor Harris

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CaseWorks

Lean Operations: From Efficiency to Profit: Fall 2011
Author(s): Omar Besbes, Trevor Harris, Marcelo Olivares, Gabriel Weintraub

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Did General Motors Produce to Match Demand?: Fall 2011
Author(s): Trevor Harris, Costis Maglaras, Nicolas Stier

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GM Strategy, Scope, and the Question of Captive Finance for the New General Motors: Fall 2011
Author(s): Trevor Harris, Bruce Kogut

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GM Brands: Too much of a Good Thing?: Spring 2011
Author(s): Trevor Harris, Michel Tuan Pham

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Does Size Matter? GM Management's Mandate to Decide: Fall 2011
Author(s): Trevor Harris, Robert Bontempo, Paul Ingram

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Relevant Costs for Making Production Decisions: Was General Motors Making the Correct Choice in Producing High Volumes of Autos?: Spring 2012
Author(s): Trevor Harris, Jonah Rockoff, Nachum Sicherman, Catherine Thomas

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Deal or No Deal? Pricing Strategies for the Subprime Auto Buyer GM: Spring 2011
Author(s): Trevor Harris, Olivier Toubia

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General Motors Capital Structure and the Costs of Financial Distress: Spring 2012
Author(s): Trevor Harris, Daniel Wolfenzon, Andrew Hertzberg, Daniel Paravisini

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What, When, How? A Revenue Mystery: Spring 2011
Author(s): Trevor Harris, Urooj Khan, Julian Yeo

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Priceline.com: Summer 2010
Author(s): Trevor Harris, Ira Weiss, Amir Ziv

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Frequent Flyer: Summer 2010
Author(s): Trevor Harris, Ira Weiss, Amir Ziv

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Coca-Cola: Summer 2010
Author(s): Trevor Harris, Ira Weiss, Amir Ziv

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Books

International Accounting Standards versus U.S.-GAAP: Empirical Evidence Based on Case Studies (1995)
Author(s): Trevor Harris

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Working Papers

The expected rate of credit losses on banks' loan portfolios (2013)
Author(s): Trevor Harris, Urooj Khan, Doron Nissim

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Matching Currency Footprints: An Alternative Perspective Working Paper (2009)
Author(s): Trevor Harris

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