Professor D. Veenman (1983) has been appointed as professor of Financial Accounting at the University of Amsterdam's (UvA) Faculty of Economics and Business as of 1 September.
David Veenman conducts research into the ways in which financial reporting and other types of disclosures affect the valuation of listed companies. His research focuses on identifying situations in which company-specific data is imperfectly reflected in share prices. The frictions behind these situations arise from the personal interests of the managers who provide the information, the interests of intermediaries such as financial analysts, and the cognitive limitations the users of financial information experience when processing large amounts of data. Veenman conducts empirical research to examine stock-market phenomena resulting from such frictions, as well as the ways in which regulatory changes (such as mandatory reporting on the quality of internal control, or the expedited filing of annual reports) may aid in realising more efficient pricing.
His previous research was aimed at identifying price-sensitive information contained in managers' personal share transactions, as well as the question whether such insider trading serves to obstruct or facilitate the flow of information in stock markets. He currently works on a project with the objective of gaining more insights into the reasons why companies choose to report alternative measures of profitability in their annual and quarterly press releases. The remainder of his research agenda is more econometric in nature, focusing on achieving more accurate measurements of key concepts used in the field of research.
Veenman has been an endowed professor of Financial Reporting and Valuation at Erasmus University Rotterdam since 2014. He previously worked as an assistant professor at the UvA and as an associate professor at Erasmus University. Veenman is also a research fellow at the Tinbergen Institute. His work has been published in a number of leading scientific journals in the field of accounting, including The Accounting Review, Journal of Accounting and Economics, Review of Accounting Studies, and Contemporary Accounting Research. In addition, Veenman frequently acts as a reviewer for these journals and is a member of the editorial board of European Accounting Review. Veenman regularly presents his work at leading institutions such as INSEAD Business School, London Business School, London School of Economics and the University of Toronto. In 2012 he was awarded a Veni grant from the Netherlands Organisation for Scientific Research (NWO).