Karel Hrazdil

Academic Director, EMBA

Professor, Accounting

Area Coordinator, Accounting

Burnaby

Room: WMC 3361

Phone: 778.782.6790

Segal

Room: SGL 3615

Phone: 778.782.6516

Email: karel_hrazdil@sfu.ca

Curriculum Vitae: View

Credentials

B. Comm., University of Alberta, PhD, University of Alberta, CPA, CGA (British Columbia)

Biography

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

Hrazdil, K., Simunic, D. A., & Suwanyangyuan, N. (2020). Are the Big 4 audit firms homogeneous? Further evidence from audit pricing. International Journal of Auditing, 24(3), 347-365. http://doi.org/10.1111/ijau.12198

Hrazdil, K., Novak, J., Rogo, R., Wiedman, C., & Zhang, R. (2020). Measuring executive personality using machine-learning algorithms: A new approach and audit fee-based validation tests. Journal of Business Finance and Accounting, 47(3-4), 519-544. http://doi.org/10.1111/jbfa.12406

Chung, D. Y., Hrazdil, K., Novak, J., & Suwanyangyuan, N. (2019). Does the large amount of information in corporate disclosures hinder or enhance price discovery in the capital market? Journal of Contemporary Accounting and Economics, 15(1), 36-52. http://doi.org/10.1016/j.jcae.2018.12.001

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. Y., Hrazdil, K., & Li, X. (2017). The effect of industry classification on analyst following and the properties of their earnings forecasts. Applied Economics Letters, 24(6), 417-421. http://doi.org/10.1080/13504851.2016.1197362

Chung, D., Hrazdil, K., & Suwanyangyuan, N. (2016). Disclosure quantity and the efficiency of price discovery Evidence from the Toronto Stock Exchange. Review of Accounting and Finance, 15(2), 122-143. http://doi.org/10.1108/RAF-06-2015-0081

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

Chung, D. Y., & 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

Hrazdil, K., Trottier, K., & Zhang, R. (2014). An intra- and inter-industry evaluation of three classification schemes 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. Y., & 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 and 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

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

Chung, D. Y., & 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

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. Y., & 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. Y., & 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 and Finance, 34(10), 2346-2357. http://doi.org/10.1016/j.jbankfin.2010.02.021

Hrazdil, K. (2010). S&P 500 index inclusion announcements: does the S&P committee tell us something new? Managerial Finance, 36(5), 368-393. http://doi.org/10.1108/03074351011039418

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.

Hrazdil, K. (2009). The effect of demand on stock prices: new evidence from S&P 500 weight adjustments. Managerial Finance, 35(9), 732-753. http://doi.org/10.1108/03074350910973676

Hrazdil, K. (2009). The price, liquidity and information asymmetry changes associated with new S&P 500 additions. Managerial Finance, 35(7), 579-605. http://doi.org/10.1108/03074350910960337