Concordia University

http://www.concordia.ca/content/concordia/en/jmsb/faculty.html

Michel Magnan, PhD, FRSC, FCPA Auditor, FCA, ASC, C.Dir

Professor, Accountancy
Stephen A. Jarislowsky Chair in Corporate Governance

Office: S-MB 15301 
John Molson Building,
1450 Guy
Phone: (514) 848-2424 ext. 4145
Email: michel.magnan@concordia.ca

Michel Magnan is Professor and Stephen A. Jarislowsky Chair in Corporate Governance in at Concordia's John Molson School of Business. He holds a PhD in Business Administration from the University of Washington, is a Fellow Chartered Professional Accountant (FCPA) and an administrateur de sociétés certifié (ASC). In 2014, he was inducted into the Royal Society of Canada. His research activities are focused on financial statement analysis, governance, performance and compensation management, corporate social responsibility, and environmental and ethical issues. He has published more than 100 articles on these topics in academic and professional journals, and his research findings have been presented at numerous national and international conferences.

Between 2006 and 2010, he was Editor in Chief of Contemporary Accounting Research. He is currently Associate Editor of European Accounting Review and of Canadian Journal of Administrative Sciences and serves on several editorial boards. 

Dr. Magnan is actively involved in the business and professional communities, serving as a member of Canada’s Accounting Standards Board, as a member of the board of directors of Valeurs Mobilieres Desjardins Inc., as an Academic Adviser to the Corporate Finance Qualification program of CPA-Canada and as a CIRANO Fellow. He is also a director of the Institute for the Governance of Private and Public Organizations.

Dr. Magnan served as Associate Dean of External Affairs at JMSB from 2002 to 2006 and as Associate Dean of the Masters and Graduate Diploma Programs from 2006 to 2007. He is currently the Director of the Desjardins Centre for Innovation in Business Financing.

He has received awards and prizes from various organizations and his research has received funding from a variety of agencies, including the Social Sciences and Humanities Research Council of Canada and the Fonds de recherche du Québec – Société et culture.

Dr. Magnan is often quoted in the local, provincial and national media on issues connected to financial reporting and governance.

Education

PhD (University of Washington)

Areas of expertise

  • Accounting
  • Environmental and social performance and disclosure
  • Executive compensation
  • Financial reporting
  • Financial statement analysis
  • Governance


Teaching activities

Dr. Magnan has been teaching since 1982. His teaching background covers most topics in accounting (financial statement analysis, advanced financial accounting, auditing, management controls, etc.). He currently teaches at the MBA, EMBA and Ph.D. levels courses in business valuation, financial reporting, research and management controls.

He has extensive experience in executive education in several organizations, including Ordre des CA, CPA Canada, Desjardins, RONA.

In 2009, Dr. Magnan obtained one of the 26 Bourses d'excellence en enseignement de la gestion granted by the Ministère de l'Éducation, loisirs et sports.

Over the years, Dr. Magnan has held several visiting teaching appointments in overseas business schools such as Aarhus Business School, ESSEC Business School, Toulouse Business School, Université Toulouse-Capitole, HEC Genève, Université de Rennes I IGR.


Publications

Refereed Journal Articles

Shi, Y.; Magnan, M.; Kim, JB. The Impact of Home-Country and Firm-Level Ownership on the Corporate Decision to Provide Voluntary Disclosure. Journal of International Business Studies. Palgrave-Macmillan Online.

Magnan, M.; Cormier, D.; Lapointe-Antunes, P.  Revisiting the Relevance and Reliability of Non-GAAP Reporting: The Case of Income Trusts. Contemporary Accounting Research. Wiley-Blackwell Online.

Liu, M.; Magnan, M.. Private Control of Self-dealing Regulation and Corporate Valuation: International Evidence. Corporate Governance: An International Review. Blackwell Online.

Magnan, M.; Markarian, G. 2011. Accounting and the Financial Crisis: Is Risk the Missing Link? European Accounting Review 20(2), 215-231.

Cormier, D.; Ledoux, M.J.; Magnan, M. 2011. The Informational Contribution of Social and Environmental Disclosures for Investors. Management Decision 49(8), 1276-1304.

Magnan, M.; St-Onge, S.; Gélinas, P. 2010. Director Compensation and Firm Value: A Research Synthesis. International Journal of Disclosure and Governance (Palgrave) 7, 28-41.

Cormier, D., Aerts, W., Ledoux, M.-J. et Magnan, M. 2010. Web-Based Disclosure about Value Creation Processes: A Monitoring Perspective. ABACUS (Wiley) 46(4), 320-347.

Magnan, M. et Cormier, D. 2010. Les dirigeants et les fraudes dans les états financiers : Le cas CINAR et les leçons à tirer. Gestion Revue Internationale de Gestion (HEC Montréal) 35(2), 61-72.

Cormier, D., Ledoux, M.-J., Magnan, M. et Aerts, W. 2010. Corporate Governance and Information Asymmetry between Managers and Investors. Corporate Governance (Emerald) 10(5), 574-589.

Cormier, D., Ledoux, M.J. et Magnan, M. 2010. Le reporting de gouvernance, les attributs du conseil et la qualité des résultats comptables : Incidence sur les marchés boursiers. Comptabilité,Contrôle, Audit (Vuibert) 16(2), 69-96.

Cormier, D.; Magnan, M.. 2010. Financial Reporting under International Financial Reporting Standards: Relevant, Reliable and Comparable? CA Magazine. April, 48-50.

Magnan, M.; Thornton, D. 2010. Fair Value Accounting: Smoke and Mirrors?. CA Magazine. March, 18-25.

Cormier, D.; Ledoux, M.J.; Magnan, M. 2010. The Informational Contribution of Social and Environmental Disclosures for Investors. Association francophone de comptabilité, Nice, May.

Cormier, D.; Magnan, M.; Ledoux, M-J. 2009. Corporate Performance Disclosure Transparency: Toward Stakeholder Accountability. International Journal of Accounting Information Systems (Elsevier) 10(1), 1-24.

Magnan, M. 2009. Fair Market Value and the Financial Crisis: Messenger or Contributor? Accounting Perspectives (Canadian Academic Accounting Association) 8(3), 189-213.

For earlier citations please refer to Dr. Magnan's CV.

Book Chapters

Cormier, D.; Magnan, M. 2009. La comptabilité américaine. Chapter in Le dictionnaire de la comptabilité (Ed. : Bernard Colasse). Economica : Paris.

St-Onge, S.; Magnan, M. 2007. La gestion des performances. Chapter 1. Vuibert: Paris.

Cormier, D; Magnan, M. 2005. L’information comptable vue dans une perspective économique : synthèse de l’oeuvre du professeur Gerald Feltham. Chapter in Les grands auteurs en comptabilité (Ed.: Bernard Colasse). Editeur EMS: Paris: 239-253.

Cormier, D.; Magnan, M. 2002. Information comptable et marchés boursiers. Chap. 13. In Cormier, Denis. Comptabilité anglo-saxonne et internationale. Economica (Paris). Forthcoming.

St-Onge, S.; Magnan, M. 2001. La mesure de la performance organisationnelle : un outil de gestion et de changement stratégique, in collection «Racines du savoir» : La gestion de la performance au travail (Ed.: Gosselin, A. et St-Onge, S.). Gestion - revue internationale de gestion (Reedition of work published earlier in Gestion).

Magnan, M. ; Roussel, P.; St-Onge, S. ; Trepo, G. 2000. La rémunération des dirigeants : débats, enjeux et bilans. Chapter in Politiques de rémunération pour les années 2000 (Editors: P. Roussel and J.M. Peretti). Éditions Vuibert, collection Entreprise, série Vital Roux: 311-328.

Desbrières, P. ; St-Onge, S. ; Magnan, M. 2000. «Les stock options : Théorie et pratique. Chapter in Politiques de rémunération pour les années 2000 (Ed.: P. Roussel and J.M. Peretti). Éditions Vuibert, collection Entreprise, série Vital Roux: 135-160.

Tremblay, D. ; Cormier, D. et Magnan, M. 1993. Théories et modèles comptables : Développements et perspectives. Presses de l'Université du Québec, 203 pages.

Magnan, M.; André, P. ; Turbide, J. 1999. Recueil de cas en comptabilité financière avancée (Casebook in Advanced Financial Accounting). Modulo Éditeur. 167 pages.

St-Onge, S.; Magnan, M. 1995. La mesure de la performance organisationnelle : un outil de gestion et de changement stratégique, in collection «Racines du savoir» : La gestion de la performance au travail (Ed.: Gosselin, A. et St-Onge, S.). Gestion.

Magnan, M. 1995. La comptabilité et la vérification environnementales, chapitre dans Environnement, économie et entreprise (Ed.: R. Brûlotte, P. Lanoie, B. Laplante et M. Provost). Télé-Université. September, p.391-426.

Cormier, D.; Magnan, M.; Morard, B. 1992. Le risque de non-continuité d'exploitation, chapitre dans L'utilisation de méthodes quantitatives en vérification, PUQ. June 1992, p.159-175.


Participation activities

Michel Magnan en entrevue avec Le Devoir

Refereed Conference Proceedings

Sur, S.; Lvina, E.; Magnan, M. 2008. Why Do Boards Differ? Because Owners Do! Strategic Management Proceedings, ASAC. June.

André, P.; Magnan, M.; St-Onge, S. 2004. Stakeholder Value Implications from the Merger between Abitibi-Consolidated and Donohue: A Clinical Study. Administrative Sciences Association of Canada. Québec. June.

Gélinas, P.; Magnan, M.; St-Onge, S. 2004. Increased Compensation Costs: An Externality Of Mandatory Executive Compensation Disclosure. Administrative Sciences Association of Canada. Quebec. June.

André, P.; Magnan, M.; St-Onge, S.; Houle, K. 2004. The Compensation of CEOs of Firms Involved in M&A Transactions. Administrative Sciences Association of Canada. Quebec. June.

Renaud, S.; St-Onge, S.; Magnan, M. 2004. The Impact of Stock Purchase Plan Participation on Employees’ Annual Job Performance Ratings. Performance Measurement Association, Edinburgh, Scotland. July.

Magnan, M.; St-Onge, S.; Cormier, D. 2004. The Adoption and Success of Profit-Sharing Plans In Strategic Business Units: Opportunism or Contingency? Performance Measurement Association, Edinburgh, Scotland. July.

Renaud, S.; St-Onge, S.; Magnan, M.. 2003. The Impact of Stock Purchase Plan Participation on Employees’ Annual Job Performance Ratings. Eastern Academy of Management, Porto, Portugal. June.

Magnan, M.; St-Onge, S.; Cormier, D. 2003. Broad-Based Profit-Sharing Plans in Strategic Business Units: A Tool For Performance Management. Eastern Academy of Management, Porto, Portugal. June.

Magnan, M.; St-Onge, S.; Bioule, S-P; Prost, C. 2002. La gestion des expatriés : une étude auprès des firmes multinationales canadiennes. Association des psychologies du travail de langue française. Bruxelles. July.

Berthelot, S.; Magnan, M.; Cormier, D. 2001. Évaluation de la pertinence de l’information divulguée en matière de frais futurs d’enlèvement des immobilisations et de restauration de lieux. Association des sciences administratives du Canada. Annual conference – Finance division. London, Ontario. May.

Renaud, S.; St-Onge, S.; Magnan, M. 2000. The Impact of Stock Purchase Plans on Employees’ Individual Job Performance: The Case of a Financial Institution. Human Resources Division, Administrative Sciences Association of Canada, Montreal, Quebec, July: 1-12.

Magnan, M.; St-Onge, S.; Calloc’h, Y. 1999. Investors’ Appreciation of Executive Stock Option Grants. First International Conference, IberoAmerican Academy of Management, Madrid, Spain. On CD-ROM.

Rakotosoa, E.; Magnan, M.; St-Onge, S. 1999. The Impact of Directors’ Power on the Use of Performance-contingent Compensation for CEOs. First International Conference, IberoAmerican Academy of Management, Madrid, Spain. On CD-ROM.

Fall, M.L.; Cormier, D.; Magnan, M. 1999. Impact de l’octroi d’options sur la performance financière de la firme.  Actes de colloque, congrès 1999 de l’Association française de comptabilité, Bordeaux, May.

Magnan, M.; St-Onge, S.; Lalande, M-P. 1997. Incidences de la participation aux bénéfices sur la performance des entreprises. Actes de colloque, congrès 1997 de l’Association francophone de la gestion des ressources humaines, Montreal, September: 393-403.

For earlier conference proceedings please refer to Dr. Magnan's CV.

Refereed Conference Presentations

Durnev, A.; Li, Tiemei; Magnan, Michel. 2011. The Governance of Offshore Firms: Implications for Financial Reporting. American Finance Association. January.

Magnan, M.; Lapointe, P.; Cormier, D. 2010. Managerial Hubris and Financial Frauds. Canadian Academic Accounting Association, Vancouver, May 30.

Mingzhi, L.; Magnan, M. Accounting Conservatism, Internal Controls and the Cost of Bonds. Canadian Academic Accounting Association, Vancouver, May 30.

Durnev, A.; Li, T.; Magnan, M. 2010. Are Offshore Firms Worth More? Association academique international de gouvernance, Metz, May.

Mangen, C.; Magnan, M. 2010. Corporate Restructurings. European Accounting Association. Istambul. May.

Yao, Y.; Magnan, M. 2009. Empirical Investigation without Theory is Blind: Making Sense of the Gap between Outrage at CEO Compensation Practices and Professor Kaplan’s Empirical Findings about CEO Pay. Academy of Management, Chicago. August.

Durnev, A.; Li, T.; Magnan, M. 2009. The Governance of Offshore Firms: Implications for Financial Reporting. American Accounting Association, New York. August.

Durnev, A.; Li, T.; Magnan, M. 2009. The Governance of Offshore Firms: Implications for Financial Reporting. Canadian Academic Accounting Association, Montreal. June.

Magnan, Michel; Cormier, Denis; Lapointe-Antunes, Pascale. 2009. Like Moths Attracted to Flames : Financial Reporting Frauds. American Accounting Association, New York. August.

Magnan, Michel; Cormier, Denis; Lapointe-Antunes, Pascale. 2009. Like Moths Attracted to Flames : Financial Reporting Frauds. Canadian Academic Accounting Association, Montreal. June.

Liu, M.; Magnan, M. 2009. Private Control of Self-dealing Regulation and Corporate Valuation: International Evidence. American Accounting Association, New York. August.

Liu, M.; Magnan, M. 2009. Private Control of Self-dealing Regulation and Corporate Valuation: International Evidence. Canadian Academic Accounting Association, Montreal. June.

Xu, B.; Magnan, M. 2008. Information Uncertainty, Corporate Disclosure and Stock Return Volatility. American Accounting Association. Anaheim. August.

Shi, N., Magnan, M.; Kim, J.B. 2008 Why Do Cross-listed Firms in the U.S. Voluntarily Release Management Earnings Forecasts? American Accounting Association. Anaheim. August.

Zhan, Jun; Magnan, Michel. 2008. Auditor Incentive and Audit Size: Evidence from Chinese Audit Market. American Accounting Association. Anaheim. August.

Shi, N., Magnan, M.; Kim, J.B. 2008. Cross Listing, Management Earnings Forecasts, and Firm Values. Academy of International Business. Milan. June.

Shi, N., Magnan, M.; Kim, J.B. 2008 Why Do Cross-listed Firms in the U.S. Voluntarily Release Management Earnings Forecasts? Academy of International Business. Milan. June.

Zhan, Jun; Magnan, Michel. 2008. Auditor Incentive and Audit Size: Evidence from Chinese Audit Market. Canadian Academic Accounting Association. Winnipeg. May.

Shi, N.Y.; Magnan, Michel; Kim, J.B. 2008. Cross Listing, Management Earnings Forecasts, and Firm Values. Canadian Academic Accounting Association. Winnipeg. May.

Lapointe, Pascale; Cormier, Denis; Magnan, Michel. 2008. Distribution Components in Flow-Through Entities: Causes and Consequences of Economic and Governance Factors. Canadian Academic Accounting Association. Winnipeg. May

Shi, N.Y.; Magnan, Michel; Kim, J.B. 2008. Why Do Cross-Listed Firms in the U.S. Voluntarily Release Management Earnings Forecast? Canadian Academic Accounting Association. Winnipeg. May.

Sur, S. ; Cordeiro, J. ; Magnan, M. 2008. A New Perspective On A Perennial Issue: A Simultaneous Examination Of Time, Industry, And Firm-Level Influences On CEO Compensation. Administrative Sciences Association of Canada. Halifax. May.

Xu, B.; Magnan, M. 2008. Information Uncertainty, Corporate Disclosure and Stock Return Volatility. Administrative Sciences Association of Canada. Halifax. May.

Xu, B.; Magnan, M. 2008. Information Uncertainty, Corporate Disclosure and Stock Return Volatility. European Accounting Association. Rotterdam. April


Research activities

Invited Research Talks and Workshops

Durnev, A.; Li, T.; Magnan, M. 2011. Are Offshore Firms Worth More? Workshop at IGR Université de Rennes I. January.

Keynote speaker, Journal of Contemporary Accounting and Economics Symposium, Hong Kong, January 2011.

Durnev, A.; Li, T.; Magnan, M. 2010. Are Offshore Firms Worth More? Workshop at Louisiana State University. March

Durnev, A.; Li, T.; Magnan, M. 2010. Are Offshore Firms Worth More? Workshop at IE (Madrid). February.

Lapointe-Antunes, P.; Magnan, M.; Cormier, D. Like Moths Attracted to Flames : Managerial Hubris and Financial Fraud. Workshop at IGR-Universite de Rennes. January.

Magnan, M. 2009. Le rôle de la comptabilité dans la crise financière. CIRPEE (Centre interuniversitaire sur le risque, les politiques économiques et l’emploi)-HEC Montreal. November.

Magnan, M. 2009. Fair Value Accounting and the Financial Crisis. ESSEC Business School. October.

Magnan, M. 2009. The Financial Reporting Implications from Offshore Firms. ESSEC Business School. October.

Rodrigue, M.; Magnan, M.; Boulianne, E. 2009. Environmental Performance Indicators within a Multinational. IAE Université de Toulouse I et Ecole supérieure de commerce de Toulouse. September.

Magnan, M. 2009. Fair Market Value and the Financial Crisis: Messenger or Contributor. University of Padova. June.

Magnan, M. 2009. Fair Market Value and the Financial Crisis. Canadian Academic Accounting Association annual conference. June.

Magnan, M. 2009. Like Moths Attracted to Flames: Managerial Hubris and Financial Reporting Fraud. Ivey Business School, University of Western Ontario. April.

Magnan, M. 2009. Like Moths Attracted to Flames: Managerial Hubris and Financial Reporting Fraud. ESSEC Business School. February.

Magnan, Michel. 2009. Why Cross-Listed Firms Issue Management Earnings Forecasts? Workshop presentation. Chinese University of Hong Kong. Januar

Magnan, M. 2009. The Financial Crisis: A Governance Perspective. Special Symposium JCAE-Contemporary Accounting Research. Hong Kong. January 2009. Co-Chair, Special Symposium JCAE-Contemporary Accounting Research. Hong Kong. January 2009.

Special presentation at the AMBAQ Grandes Conférences (April 23, 2009)

Special presentation at a CIRANO workshop on the financial crisis (January 8, 2009)

Special presentation at a UQAM Panel Discussion on Fair Value Accounting (October 1st, 2008)

Keynote opening speech, Association francophone de comptabilité, Paris, June 2008.

Shi, N., Magnan, M.; Kim, J.B. 2008. Cross Listing, Management Earnings Forecasts, and Firm Values. American Accounting Association. Anaheim. August.

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