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.
Trevor S. Harris
BComm (Hons.), University of Cape Town, 1976; MComm, 1980; PhD, University of Washington, 1983.
Joined CBS in 1983
Office
608 Uris
Phone
212-851-1802
E-mail
tsh1@columbia.edu
Fax
212-854-3162
Teaching and research interest
Courses taught
Chapters
Morgan Stanley ModelWare's Approach to Intrinsic Value: Focusing on Risk-Reward Trade-Offs In Equity Valuation: Models from Leading Investment Banks (2008) Coauthor(s): Juliet Estridge, Trevor Harris, Doron Nissim
Morgan Stanley ModelWare's Approach to Intrinsic Value: Focusing on Risk-Reward Trade-offs In Equity Valuation: Models from Leading Investment Banks (2008) Coauthor(s): Doron Nissim, Trevor Harris, Juliet Estridge
Journal articles
Enterprise Valuation Roundtable In Journal of Applied Corporate Finance (2007) Coauthor(s): Trevor Harris
FMA Roundtable on Stock Market Pricing and Value-Based Management In Journal of Applied Corporate Finance (2006) Coauthor(s): Trevor Harris
From Stock Selection to Portfolio Alpha Generation: The Role of Fundamental Analysis In Journal of Applied Corporate Finance (2006) Coauthor(s): Trevor Harris
Are Dividend Taxes and Imputation Credits Capitalized in Share Values? In Journal of Public Economics (2001) Coauthor(s): R. Glenn Hubbard, Trevor Harris
The Share Price Effects of Dividend Taxes and Tax Imputation Credits In Journal of Public Economics (2001) Coauthor(s): Trevor Harris, R. Glenn Hubbard
An Argument Against Hedging by Matching the Currencies of Costs and Revenues In Journal of Applied Corporate Finance (1996) Coauthor(s): Trevor Harris, Nahum Melumad, Toshi Shibano
The Value Relevance of German Accounting Measures: An Empirical Analysis In Journal of Accounting Research (1994) Coauthor(s): Trevor Harris, M. Lang, H. P. Möller
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) Coauthor(s): Eli Amir, Trevor Harris, E. Venuti
Price-Earnings and Price-to-Book Anomalies: Tests of an Intrinsic Value Explanation In Contemporary Accounting Research (1993) Coauthor(s): Trevor Harris, P. M. Fairfield
Aggregate Accounting Earnings Can Explain Most of Security Returns: The Case of Long Return Intervals In Journal of Accounting and Economics (1992) Coauthor(s): P. D. Easton, Trevor Harris, James Ohlson