All UVA and McIntire courses are being taught online throughout the spring semester. More information can be found on McIntire's official COVID-19 page. Learn More

Adam S. Koch

Associate Professor of Commerce; Area Coordinator—Accounting

Adam S. Koch
+1 434-924-8988
Ph.D., Accounting, The University of Texas at Austin
B.A., Economics, Drew University
Areas of Expertise: 
Financial reporting
Financial statement analysis
Managerial accounting
Valuation of earning news
Dividend signaling
Voluntary disclosure
Professional Activities: 

Professor Koch has expertise in financial reporting, financial statement analysis, and managerial accounting. His research uses archival market data to study corporate earnings guidance, the valuation of earnings news, and dividend signaling. Professor Koch has taught a variety of graduate, undergraduate, and executive education courses in financial and managerial accounting. He is currently teaching financial accounting in the M.S. in Commerce Program, an undergraduate elective in financial statement analysis, and accounting in the McIntire Business Institute program. He received an All-University Teaching Award from the University of Virginia in 2015.

Professor Koch has presented his work at national conferences sponsored by the American Accounting Association and at many university and conference research workshops. He has published his work in such journals as The Accounting Review; Accounting Horizons; The Journal of Finance; and Journal of Corporate Finance. Before joining the McIntire School, Professor Koch was a faculty member at Carnegie Mellon University. Before earning his Ph.D., he worked as a Litigation Consultant for Navigant Consulting.

Selected Publications:

“Regulation FD: A Review and Synthesis of the Academic Literature,” Accounting Horizons, 2013 (with C. Lefanowicz and J. Robinson).

“The Effect of Quarterly Earnings Guidance on Share Values in Corporate Acquisitions,” Journal of Corporate Finance, 2012 (A. Koch, C. Lefanowicz and J. Robinson).

“Can Historical Returns-Earnings Relations Predict Price Responses to Earnings News?” Review of Quantitative Finance and Accounting, 2011 (with R. Freeman and H. Li).

“Once Bitten, Twice Shy: The Relation between Outcomes of Earnings Guidance and Management Guidance Strategy,” Accounting Review, 2010 (with M. Feng).

“The Effect of Risk on Price Responses to Unexpected Earnings,” Journal of Accounting, Auditing, and Finance, 2005 (with D. Chambers and R. Freeman).

“Dividend Changes and the Persistence of Past Earnings Changes,” Journal of Finance, 2004 (with A. Sun).