Scott Richardson
Professor of Management Practice in Accounting
BEc (Sydney) PhD (Michigan)
Scott Richardson is a professor of Management Practice at London Business School and Director of Systematic Credit at Acadian Asset Management where he leads the systematic credit effort. Scott previously worked as a researcher and portfolio manager at AQR, with a focus on credit and fixed income markets, and has held senior positions at BlackRock (Barclays Global Investors), including head of Europe equity research and head of global credit research. He also serves as an editor of the Review of Accounting Studies, and has published extensively in leading academic and practitioner journals.
In 2009, he won the Notable Contribution to Accounting award for his work on earnings quality and accruals. Scott earned a B.Ec. with first-class honors from the University of Sydney and a Ph.D. in Business Administration from the University of Michigan.
- srichardson@london.edu
- +44 (0)20 7000 8130
- The relation between accounting information and security returns
- Firm valuation
- Earnings management
- Corporate governance
2021
Is (systematic) value investing dead?
Israel R; Laursen K; Richardson S
Journal of Portfolio Management 2021 Vol 47:2 p 38-62
The cross section of MBS returns
Diep P; Eisfelt A; Richardson S A
Journal of Finance 2021 Vol 76:5 p 2093-2151
2020
(Systematic) investing in emerging market debt
Brooks J; Richardson S; Xu Z
Journal of Fixed Income 2020 Fall Vol 30:2 p 44-61
Active Fixed Income Illusions
Brooks J; Gould T; Richardson S
Journal of Fixed Income 2020 Spring Vol 29:4 p 5-19
Looking under the Hood of Active Credit Managers
Palhares D; Richardson S
Financial Analysts Journal 2020 Vol 76:2 p 82-102
2019
(Il)liquidity premium in credit markets: a myth?
Richardson S; Palhares D
Journal of Fixed Income 2019 Winter Vol 28:3 p 3-31
2018
A framework for identifying accounting characteristics for asset pricing models, with an evaluation of book-to-price
Penman S H; Reggiani F; Richardson S A; Tuna I
European Financial Management 2018 Vol 24:4 p 488-520
Buyback derangement syndrome
Asness C; Hazelkorn T; Richardson S
Journal of Portfolio Management 2018 Spring Vol 44:5 p 50-57
Common factors in corporate bond returns
Israel R; Palhares D; Richardson S
Journal of Investment Management 2018 Vol 16:2
Style investing in fixed income
Brooks J; Palhares D; Richardson S
Journal of Portfolio Management 2018 Vol 44:4 p 127-139
2017
Asset volatility
Correia M; Kang J; Richardson S
Review of Accounting Studies 2017 Vol 23:1 p 37-94
Deleveraging risk
Richardson S A; Saffi P; Sigurdsson K
Journal of Financial and Quantitative Analysis 2017 Vol 52:6 p 2491-2522
2015
Accruals and future performance: can it be attributed to risk?
Momente F; Reggiani F; Richardson S A
Review of Accounting Studies 2015 Vol 20:4 p 1297-1333
2014
Asset reliability and security prices: Evidence from credit markets
Arora N; Richardson S A; Tuna I
Review of Accounting Studies 2014 Vol 19:1 p 363-395
Macro to micro: Country exposures, firm fundamentals, and stock returns
Li N; Richardson S A; Tuna I
Journal of Accounting and Economics 2014 Vol 58:1 p 1-20
2012
CARE/CEASA roundtable on: Liquidity and capital management
Calomiris C; Campello M; Lang M; Vasvari F; Richardson S A
Journal of Applied Corporate Finance 2012 Vol 24:1 p 42-59
Value investing in credit markets
Correia M M; Richardson S A; Tuna I
Review of Accounting Studies 2012 Vol 17:3 p 572-609
What makes stock prices move? Fundamentals vs investor recognition
Richardson S A; Sloan R; You H
Financial Analysts Journal 2012 March/April Vol 68:2 p 30-50
2011
Credit markets and financial information
Lok S; Richardson S A
Review of Accounting Studies 2011:16 p 487-500
2010
Accounting anomalies and fundamental analysis: A review of recent research advances
Tuna I; Richardson S A; Wysocki P
Journal of Accounting and Economics 2010 Vol 50:2-3 p 410-454
2008
The persistence and pricing of the cash flow component of earnings
Dechow P; Richardson S A; Sloan R
Journal of Accounting Research 2008 Vol 46:3 p 537-566
2007
Corporate governance, accounting outcomes and organizational performance
Larcker D; Richardson S A; Tuna I
Accounting Review 2007 Vol 82:4 p 963-1008
The book-to-price effect in stock returns: Accounting for leverage
Tuna I; Penman S; Richardson S A
Journal of Accounting Research 2007 Vol 45:2 p 427-467
2006
Does stock market misvaluation drive the takeover market?
Dong M; Hirshleifer D; Richardson S A; Teoh S H
Journal of Finance 2006 Vol 61:2 p 725-762
Over-investment of free cash flow
Richardson S A
Review of Accounting Studies 2006 Vol 11:2 p 159-189
Stock market anomalies: What can we learn from repurchases and insider trading?
Core J; Guay W; Richardson S A; Verdi R
Review of Accounting Studies 2006 Vol 11 p 49-70
The implications of accounting distortions and growth for accruals and profitability
Richardson S A; Sloan R G; Soliman M T; Tuna I
The Accounting Review 2006 Vol 81:3 p 713-743
The relation between corporate financing activities, analysts’ forecasts and stock returns
Bradshaw M T; Richardson S A; Sloan R G
Journal of Accounting and Economics 2006 Vol 42 p 53-85
2005
Accrual reliability, earnings persistence and stock prices
Richardson S A; Sloan R G; Soliman M T; Tuna I
Journal of Accounting and Economics 2005 Vol 39 p 437-485
2004
Fees paid to audit firms, accrual choices and corporate governance
Larcker D F; Richardson S A
Journal of Accounting Research 2004 Vol 42 p 625-658
The walk-down to beatable analyst forecasts: The role of equity issuance and insider trading incentives
Richardson S A; Teoh S W; Wysocki P
Contemporary Accounting Research 2004 Vol 21 p 885-924
Why are earnings kinky? An examination of the earnings management explanation
Dechow P; Richardson S A; Tuna I
Review of Accounting Studies 2003 Vol 8 p 355-384
2002
Reliability of asset revaluations: The impact of appraiser independence
Cotter J; Richardson S A
Review of Accounting Studies 2002 Vol 7 p 435-457
Do analysts and auditors use information in accruals?
Bradshaw M; Richardson S A; Sloan R
Journal of Accounting Research 2001 Vol 39 p 45-74
2017
A framework for identifying accounting characteristics for asset pricing models, with an evaluation of book-to-price
Penman S H; Reggiani F; Richardson S A; Tuna I
Social Sciences Research Network
Common factors in corporate bond and bond fund returns
Israel R; Palhares D; Richardson S A
Social Sciences Research Network
The premature demonization of stock repurchases
Asness C S; Hazelkorn T M; Richardson S A
Social Sciences Research Network
Does fundamental volatility help explain credit risk?
Correia M; Kang J; Richardson S A
Social Sciences Research Network
2011
Asset measurement uncertainty and credit term structure
Richardson S A; Tuna I
Social Sciences Research Network
Teaching portfolio
Our teaching offering is updated annually. Faculty and programme material are subject to change.