Karel Hrazdil

  • Academic Director, EMBA
  • Professor, Accounting
  • Area Coordinator, Accounting
  • B. Comm., University of Alberta, PhD, University of Alberta, CPA, CGA (British Columbia)

    Burnaby Room: WMC 3361
    Burnaby Phone: 778.782.6790
    Segal Room: SGL 3615
    Segal Phone: 778.782.6516

    Email Address: karel_hrazdil@sfu.ca

    Curriculum Vitae: View


    Professor Karel Hrazdil, who joined the Beedie School of Business in August 2007, comes from a long family line of professors. Originally from the Czech Republic, Hrazdil moved to Canada in 1997 to complete his education, graduating with a PhD in accounting from the University of Alberta (UA) in 2007. He enjoys teaching as well as researching financial accounting and reporting in capital markets. A sports enthusiast, Hrazdil enjoys Judo (holds a black belt), scuba diving (PADI Divemaster), and skiing. He also regularly competes in tournaments in Racketlon, which combines the four most popular racquet sports in a single match (table tennis, badminton, squash and tennis).

    Research Interests

    Price formation process (market microstructure); Industry classification; Financial reporting quality

    Selected Publications

    Articles and Reports

    Nazari, J. A., Hrazdil, K., & Mahmoudian, F. (2017). Assessing social and environmental performance through narrative complexity in CSR reports. Journal of Contemporary Accounting and Economics, 13(2), 166-178. http://doi.org/10.1016/j.jcae.2017.05.002

    Chung, D., & Hrazdil, K. (2015). The impact of trading floor closure on market efficiency: Evidence from the Toronto Stock Exchange. Applied Economics, 47(56), 6102-6119. http://doi.org/10.1080/00036846.2015.1064079

    Chung, D., Hrazdil, K., & Trottier, K. (2015). On the efficiency of intra-industry information transfers: The dilution of the overreaction anomaly. Journal of Banking & Finance, 60(November), 153-167. http://doi.org/10.1016/j.jbankfin.2015.08.013

    Hrazdil, K., Trottier, K., & Zhang, R. (2014). An intra- and inter-industry evaluation of three classification scheme common in capital market research. Applied Economics, 46(17), 2021-2033. http://doi.org/10.1080/00036846.2014.892200

    Chung, D., Hrazdil, K., & Trottier, K. (2014). Industry classification and the efficiency of intra-industry information transfers. American Journal of Business, 29(1), 95-111. http://doi.org/10.1108/AJB-03-2013-0014

    Chung, D., & Hrazdil, K. (2013). Speed of convergence to market efficiency in the ETFs market. Managerial Finance, 39(5), 457-475. http://doi.org/10.1108/03074351311313852

    Hrazdil, K., & Scott, T. (2013). The role of industry classification in estimating discretionary accruals. Review of Quantitative Finance & Accounting, 40(1), 15-39. http://doi.org/10.1007/s11156-011-0268-6

    Hrazdil, K., Trottier, K., & Zhang, R. (2013). A comparison of industry classification schemes: A large sample study. Economics Letters, 118(1), 77-80. http://doi.org/10.1016/j.econlet.2012.09.022

    Chung, D., & Hrazdil, K. (2012). Speed of convergence to market efficiency: The role of ECNs. Journal of Empirical Finance, 19(5), 702-720. http://doi.org/10.1016/j.jempfin.2012.08.006

    Gordon, I. M., Hrazdil, K., & Shapiro, D. (2012). Corporate governance in publicly traded small firms: A study of Canadian venture exchange companies. Business Horizons, 55(6), 583-591. http://doi.org/10.1016/j.bushor.2012.07.005

    Hrazdil, K., & Zhang, R. (2012). The importance of industry classification in estimating concentration ratios. Economics Letters, 114(2), 224-227. http://doi.org/10.1016/j.econlet.2011.10.001

    Chung, D., & Hrazdil, K. (2011). Market efficiency and the post-earnings announcement drift. Contemporary Accounting Research, 28(3), 926-956. http://doi.org/10.1111/j.1911-3846.2011.01078.x

    Chung, D., & Hrazdil, K. (2010). Liquidity and market efficiency: Analysis of NASDAQ firms. Global Finance Journal, 21(3), 262-274. http://doi.org/10.1016/j.gfj.2010.09.004

    Atanasova, C., & Hrazdil, K. (2010). Why do healthy firms freeze their defined benefit pension plans? Global Finance Journal, 21(3), 293-303. http://doi.org/10.1016/j.gfj.2010.09.006

    Chung, D., & Hrazdil, K. (2010). Liquidity and market efficiency: A large sample study. Journal of Banking & Finance, 34(10), 2346-2357. http://doi.org/10.1016/j.jbankfin.2010.02.021

    Hrazdil, K., & Scott, T. (2009). S&P 500 index revisited: Do index inclusion announcements convey information about firms' future performance? Quarterly Journal of Finance and Accounting, 48(4), 79-113. http://doi.org/No DOI

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