Rotman School of Management

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Gus DeFranco

Gus De Franco

    Gus DeFranco

    Associate Professor of Accounting

    Degrees: PhD, Wharton, University of Pennslyvania
    MBA, Harvard University
    HBA, Ivey, University of Western Ontario
    Email: Send an email to Gus DeFranco


    Gus De Franco is an Associate Professor of Accounting at Rotman. He currently teaches managerial accounting in the MBA program. He has been a visiting Professor at Wharton and MIT’s Sloan School, where he taught financial accounting and financial statement analysis. He has a broad business background including experience in equity research at CIBC Capital Markets, a marketing product manager at Kraft Inc. and spent time with a small biotechnology start-up. His research focuses on sell-side analysts, CFA charter holders, comparability, private firms accounting quality, and valuation.

    Academic Positions

    2007-2011  Assistant Professor of Accounting; Rotman School of Management, University of Toronto
    2010  Visiting Professor; The Wharton School, University of Pennslyvania
    2006 - 2007  Visiting Assistant Professor; Sloan School of Management, Massachusetts Institute of Technology
    2003 - 2006  Assistant Professor; Mississauga Campus and Rotman School of Management, University of Toronto
    2000 - 2001  Instructor; The Wharton School, University of Pennsylvania
    1998-1999  EMBA Distance Learning Manager; IMD
    1996  Teaching Assistant; Graduate School of Business Administration, Harvard University

    Non-Academic Positions

    1998  Corporate Development; Viscount Pharma Inc.
    1997-1998  Equity Research Analyst; Groome Capital
    1996-1997  Equity Research Analyst; CIBC Capital Markets
    1991-1994  Marketing Product Management; Kraft Inc.

    Selected Publications - Papers

    • Peer Choice in CEO Compensation; Albuquerque, A; De Franco, G; Verdi, R; Journal of Financial Economics, Forthcoming; 2012
    • Do Analysts’ Notes Provide New Information?; De Franco, G; Hope, O.-K.; Journal of Accounting Auditing and Finance; Issue: 26 (2); 2011; Pages: 229–254
    • Do Private Company Targets that Hire Big 4 Auditors Receive Higher Proceeds?”; De Franco, G.; Gavious, I.; Jin, J.Y.; Richardson, G.D.; Contemporary Accounting Research; Issue: 28 (1); 2011; Pages: 215–262
    • The Benefits of Financial Statement Comparability; De Franco, G; Kothari, S.P.; Verdi R.; Journal of Accounting Research; Issue: 49 (4); 2011; Pages: 895–931
    • Accounting Adjustments and the Valuation of Financial Statement Note Information in 10-K Filings; De Franco, G.; Wong, F.; Zhou, Y.; The Accounting Review; Issue: 86 (5); 2011; Pages: 1577-1604
    • The Performance of Analysts with a CFA designation: The Role of Human-Capital and Signaling Theories; De Franco, G.; Zhou, Y; The Accounting Review; Issue: 84 (2); 2009; Pages: 383-404
    • The Informational Role of Bond Analysts; De Franco, G.; Vasvari, F.; Wittenberg-Moerman, R.; Journal of Accounting Research; Issue: 47 (5); 2009; Pages: 1201-1248
    • Wealth Transfer Effects of Analysts; De Franco, G; Lu, H.; Vasvari, F.; Journal of Accounting Research; Issue: 45 (1); 2007; Pages: 71-109

    Professional Affiliations/Memberships

    American Accounting Association
    Canadian Accounting Association
    European Accounting Association

    Research and Teaching Interests

    Financial and Managerial Accounting, Analysts, Comparability, Capital Markets  

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