Trevor S Harris
Arthur J. Samberg Professor Emeritus of Professional Practice
Accounting
BComm (Hons.), University of Cape Town, 1976; MComm, 1980; PhD, University of Washington, 1983.
Joined CBS in 1983
Office:
333
Kravis
Phone:
212-851-1802
E-mail:
[email protected]
Fax:
212-854-3162
Curriculum Vitae
Biography
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 and financial institutions.
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 was co-Director of Columbia's Center for Excellence in Accounting and Security Analysis, which he founded.
He has taught core and elective courses and created three new courses at the business school. He was a President’s Teaching Award Finalist in 1997, 2011 and 2013, the recipient of the Margaret Chandler Award for Commitment to Excellence in teaching EMBA class of 1998, 2001, 2011, 2019 and 2020, the Dean’s Award for Innovation in the Curriculum in 2011, the Chazen Institute Prize for Innovation in Teaching, 1996, and the Singhvi Prize for Excellence in Teaching, 1985. He also was a visiting associate Professor at University of Chicago in 1987-88. He has published widely on valuation and accounting issues, in both academic and practitioner journals, and has written many cases for classroom use.
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 was a Senior Advisor to Morgan Stanley from 2008 - 2010. 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 creation and initial development of Morgan Stanley's ModelWare project and its Risk-Reward valuation application, that is still used in its published research and has become common practice in sell side research across Wall Street. He wrote extensively on earnings quality, company-specific investment ideas and global pension and retiree benefit issues.
In 2002 he was named to Institutional Investor’s All American Research Team and in 2003 to Wall Street Journal’s SmartMoney Power 30 (the most influential people on Wall Street). He 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 including running global strategy offsites, and enhancing the management information systems of the firm. He also co-led a team that developed an innovative personal planning tool for retail clients.
He was a member of the Investors Advisory Committee and of the Users' Advisory Council to the Financial Accounting Standards Board. He has also served on the Office of Financial Research’s Research Advisory Committee, on the Standards Advisory Council to the International Accounting Standards Board, and as a member of the International Capital Markets Advisory Committee at the New York Stock Exchange until its dissolution. He is a board member of a FDIC registered U.S. bank and several early-stage companies and served on the board of a NASDAQ listed medical device company and on the investment committee of a charity’s foundation.
Professor Harris has also provided advice on equity research, international accounting (including foreign exchange impacts), controllership, performance measurement, valuation and investor relations issues to many large banks, international corporations, organizations and senior executives.
Teaching
Columbia Caseworks cases
Lean Operations: From Efficiency to Profit
(2011)
Coauthor(s): Omar Besbes, Trevor Harris, Marcelo Olivares, Gabriel Weintraub
Did General Motors Produce to Match Demand?
(2011)
Coauthor(s): Trevor Harris, Costis Maglaras, Nicolas Stier
GM Strategy, Scope, and the Question of Captive Finance for the New General Motors
(2011)
Coauthor(s): Trevor Harris, Bruce Kogut
GM Brands: Too much of a Good Thing?
(2011)
Coauthor(s): Trevor Harris, Michel Tuan Pham
Does Size Matter? GM Management's Mandate to Decide
(2011)
Coauthor(s): Trevor Harris, Robert Bontempo, Paul Ingram
Relevant Costs for Making Production Decisions: Was General Motors Making the Correct Choice in Producing High Volumes of Autos?
(2012)
Coauthor(s): Trevor Harris, Jonah Rockoff, Nachum Sicherman, Catherine Thomas
Deal or No Deal? Pricing Strategies for the Subprime Auto Buyer GM
(2011)
Coauthor(s): Trevor Harris, Olivier Toubia
General Motors Capital Structure and the Costs of Financial Distress
(2012)
Coauthor(s): Trevor Harris, Daniel Wolfenzon, Andrew Hertzberg, Daniel Paravisini
What, When, How? A Revenue Mystery
(2011)
Coauthor(s): Trevor Harris, Urooj Khan, Julian Yeo
Priceline.com
(2010)
Coauthor(s): Trevor Harris, Ira Weiss, Amir Ziv
Frequent Flyer
(2010)
Coauthor(s): Trevor Harris, Ira Weiss, Amir Ziv
Coca-Cola
(2010)
Coauthor(s): Trevor Harris, Ira Weiss, Amir Ziv
Research
Journal articles
The expected rate of credit losses on banks' loan portfolios
In The Accounting Review
(2018)
Coauthor(s): Trevor Harris, Doron Nissim
Discussion of 'The robustness of the Sarbanes Oxley effect on the U.S. capital market'
In Review of Accounting Studies
(2009)
Coauthor(s): Trevor Harris
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
Dividend Taxation in Firm Valuation: New Evidence
In Journal of Accounting Research
(1999)
Coauthor(s): Trevor Harris, Deen Kemsley
An Argument Against Hedging by Matching the Currencies of Costs and Revenues
In Journal of Applied Corporate Finance
(1996)
Coauthor(s): Trevor Harris
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)
Coauthor(s): Charles Hall, Yasushi Hamao, Trevor Harris
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): Trevor Harris, E. Venuti
An Investigation of Revaluations of Tangible Long-Lived Assets
In Journal of Accounting Research
(1993)
Coauthor(s): Peter Easton, Peter Eddey, Trevor Harris
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): Peter Easton, Trevor Harris, James A. Ohlson
Do Management Forecasts of Earnings Affect Stock Prices in Japan?
In Journal of Accounting, Auditing and Finance
(1991)
Coauthor(s): M. Darrough, Trevor Harris
Earnings as an Explanatory Variable for Returns
In Journal of Accounting Research
(1991)
Coauthor(s): Peter D. Easton, Trevor Harris
Accounting Disclosures and the Market's Valuation of Oil and Gas Properties: Evaluation of Market Efficiency and Functional Fixation
In The Accounting Review
(1990)
Coauthor(s): Trevor Harris, James A. Ohlson
The Predictive Ability of Geographic Segment Disclosures
In Journal of Accounting Research
(1990)
Coauthor(s): Ramji Balakrishnan, Trevor Harris, Pradyot K. Sen
Inflation, Translation and Conflicts in Statements of Financial Accounting Standards
In Journal of International Financial Management and Accounting
(1989)
Coauthor(s): Trevor Harris
Books
Conflicts of Interest in the Financial Services Industry: What Should We Do About Them?
(2004)
Coauthor(s): Andrew Crockett, Trevor Harris, Frederic Mishkin, Eugene White
International Accounting Standards versus U.S.-GAAP: Empirical Evidence Based on Case Studies
(1995)
Coauthor(s): Trevor Harris
Chapters
Accounting's Role in the Reporting, Creation, and Avoidance of Systemic Risk in Financial Institutions
In The Handbook of Systemic Risk
(2013)
Coauthor(s): Trevor Harris, Robert Herz, Doron Nissim
Accounting's Role in the Reporting, Creation, and Avoidance of Systemic Risk in Financial Institutions
In Handbook on Systemic Risk
(2013)
Coauthor(s): Trevor Harris, Robert Herz, Doron Nissim
Morgan Stanley ModelWare's Approach to Intrinsic Value: Focusing on Risk-Reward Trade-offs
In Equity Valuation: Models from Leading Investments
(2009)
Coauthor(s): Juliet Estridge, Trevor Harris, Doron Nissim
Accounting Standards, Information Flow and Firm Investment Behavior
In The Effects of International Taxation on Multinational Corporations
(1995)
Coauthor(s): J. Cummins, Trevor Harris, K. Hassett
Accounting Standards, Information Flow, and Firm Investment Behavior
In The Effects of Taxation on Multinational Corporations
(1995)
Coauthor(s): Jason G. Cummins, Trevor Harris, Kevin A. Hassett
Working papers
Matching Currency Footprints: An Alternative Perspective
(2009)
Coauthor(s): Trevor Harris
Case studies
General Motors: Capital Structure and the Costs of Financial Distress
(2011)
Coauthor(s): Daniel Wolfenzon, Trevor Harris, Andrew Hertzberg
What, when, how? A revenue mystery
(2011)
Coauthor(s): Trevor Harris
Did General Motors Produce to Match Demand?
(2011)
Coauthor(s): Trevor Harris, Costis Maglaris, Paul Glasserman
Lean Operations: From Efficiency to Profit
(2011)
Coauthor(s): Marcelo Olivares, Trevor Harris, Omar Besbes
Relevant costs for making production decisions: Was General Motors making the correct choice in producing high volumes of autos?
(2010)
Coauthor(s): Jonah Rockoff, Trevor Harris, Nachum Sicherman