Research

As a manager in PwC’s CMAAS group, I worked on a number of complex accounting issues and capital market transactions.  My research interests relate to issues facing my clients and colleagues. For example, my work on FDIC assisted acquisitions of failed banks is the basis for my working paper on FDIC loss-share contracts.  My work at PwC related to initial public offerings, spin-offs, and corporate acquisitions gave me exposure to the SEC Division of Corporate Finance comment letter process. 

Published Papers:      

  1. Hills, Robert, Matthew Kubic, and William J. Mayew. State Sponsors of Terrorism Disclosure and SEC Financial Reporting Oversight. Journal of Accounting and Economics (2021): 101407.

    • The FOIA data on DCF employees is available on the data tab

  2. Kubic, Matthew. Examining the Examiners: SEC Error Detection Rates and Human Capital Allocation. The Accounting Review (2021); 96 (3): 313–341.

    • Examiner team data is available on the data tab

  3. Kubic, Matthew. Time to Get It Right: An Examination of Post-Acquisition Fair Value Adjustments. Journal of Financial Reporting (2021); 6 (1): 109–135.

  4. Matthew Kubic, Sara Toynbee. Regulator Continuity and Decision-Making Quality: Evidence from SEC Comment Letters. The Accounting Review (2023); 98 (1): 365–398.

  5. Binz, Oliver, Robert Hills, and Matt Kubic. Did the FASB Codification Reduce the Complexity of Applying US GAAP? Journal of Accounting Research. Forthcoming.

  6. Donelson, Dain, Matthew Kubic, and Sara Toynbee. “The SEC’s September Spike: Regulatory Inconsistency within the Fiscal Year.” Journal of Accounting and Economics. Forthcoming.

Published Discussion:

  1. Kubic, Matthew, and Mohan Venkatachalam. 2021. Discussion of “Do Debt Investors Adjust Financial Statement Ratios when Financial Statements Fail to Reflect Economic Substance? Evidence from Cash Flow Hedges.” Contemporary Accounting Research.

Working Papers:        

  • The Benefits of Mandatory Disclosure: Evidence from Regulation S-X Article 11 – Dissertation

  • FDIC Loss-Share Contracts in Failed-Bank Auctions (Co-author: Xu Jiang)

  • The Firm-Level Effects of Monetary Policy: Implications for Firm Performance (Co-authors: Oliver Binz and Peter Joos)

  • Measurement Error when Estimating Covenant Violations (Co-authors: Scott Dyreng, Elia Ferracuti, and, Robert Hills)

  • Conflicted Regulators (Co-authors: Rui Silva and Sara Toynbee)

  • The SEC Reorganization (Co-authors: Nathan Herrmann and Sara Toynbee)

  • Does Inflation Affect Earnings Relevance? A Century-Long Analysis (Co-authors: Oliver Binz and John Graham)