Paquita Y. Davis-Friday is a professor in the Stan Ross Department of Accountancy at the Zicklin School of Business. She was the interim dean of the Zicklin School from January to July 2023 and also served as a senior associate dean for from December 2017 until December 2022, and as the executive director of graduate programs from April 2013 until December 2017. She earned her Ph.D. in accounting at the University of Michigan-Ann Arbor, where her dissertation received the 1997 Outstanding International Accounting Dissertation Award from the American Accounting Association. Before entering the Ph.D. program, she worked as an auditor for Deloitte in Detroit and as a tax accountant for Deloitte in Ann Arbor and was certified in 1992 by the State of Michigan as a public accountant.
Prof. Davis-Friday has taught principles of financial accounting, intermediate accounting and auditing to undergraduate students, financial reporting to MBA students and an international accounting research seminar to doctoral students. Her primary research interests are executive compensation and pensions and as a member of the American Accounting Association’s Financial Accounting Standards Committee, Dr. Davis-Friday was a principal author of the Committee’s responses to the FASB’s Exposure Drafts on Share-Based Payments and Pensions.
Prof. Davis-Friday is currently a member of the Board of Directors of Pollyanna Inc., a non-profit organization dedicated to helping institutions achieve their diversity, equity, and inclusion goals.
Brown, A.B., P.Y. Davis-Friday, L. Güler, and C. Marquardt. 2015. M&A Decisions and US Firms’ Voluntary Adoption of Clawback Provisions in Executive Compensation Contracts. Journal of Business Finance & Accounting. Vol. 42, Issue 1/2 (January/February): 237-271.
Fried, A., P.Y. Davis-Friday and H. Davis. 2014. The Impact of Duration on Management’s Discount Rate Choice. Research in Accounting Regulation 26 (November): 217-221.
Davis-Friday, P.Y. and A.N. Fried. 2013. Economic Consequences of Mandatory GAAP Changes: The Case of SFAS No. 158. Advances in Accounting. Vol. 29, Iss. 2 (December): 186-194.
Davis-Friday, P.Y., 2010. Discussion of “Financial Reporting Quality in International Settings: A Comparative Study of the U.S.A., Japan, Thailand, France and Germany. The International Journal of Accounting (Vol. 45, Iss. 1): 35-38.
American Accounting Association Financial Accounting Standards Committee. 2007. Response to the FASB exposure draft: Employers’ accounting for defined benefit pension and other postretirement plans: An Amendment of FASB Statements No. 87, 88, 106, and 132 (R) (principal co-author). Accounting Horizons Vol. 21, Issue 2 (June): 201-213.
Davis-Friday, P. Y., L.L. Eng and C.-S. Liu. 2006. The Effects of the Asian Crisis, Corporate Governance, and Accounting System on the Valuation of Book Value and Earnings. The International Journal of Accounting (Vol. 41, Iss. 1): 22-40.
Davis-Friday, P. Y., and E. Gordon. 2005. Relative Valuation Roles of Equity Book Value, Net Income and Cash Flows during a Macroeconomic Shock: The Case of Mexico and the 1994 Currency Crisis. Journal of International Accounting Research (Vol. 4, No. 1): 1-21.
Davis-Friday, P. Y., T. Frecka, and J. Rivera. 2005. The Financial Performance, Capital Constraints, and Regulatory Reporting Environment of Crosslisted Firms: Evidence from Mexico. The International Journal of Accounting (Vol. 40, Iss. 1): 1-30.
American Accounting Association Financial Accounting Standards Committee. 2005. Response to the FASB exposure draft: Share-Based Payment: An Amendment of FASB Statements No. 123 and 95 (principal co-author). Accounting Horizons Vol. 19, Issue 2 (June): 101-114.
Davis-Friday, P. Y., C. Liu, and H. F. Mittelstaedt. 2004. Recognition and Disclosure Reliability: Evidence from SFAS No. 106. Contemporary Accounting Research Vol. 21, No. 2 (Summer): 399-429.
Davis-Friday, P. Y., and T. Frecka. 2002. What Managers Should Know about Earnings Management: Its Prevalence, Legality, Ethicality, and Does it Work? Review of Accounting and Finance (Vol. 1, No. 1): 57-71.
Davis-Friday, P. Y. 2001. Equity Valuation and Current Cost Disclosures: The Case of Mexico. Journal of International Financial Management and Accounting Vol. 12, No. 3 (Autumn): 260-285.
Davis-Friday, P. Y., and N. Rueschhoff. 2001. An Analysis of the Implications of the IASC Comparability Project for IAS Adopters in the U.S. Asia-Pacific Journal of Accounting and Economics Vol. 8, No. 1 (June): 43-61.
Davis-Friday, P. Y., and J. Rivera. 2000. Inflation Accounting and 20-F Disclosures: Evidence from Mexico. Accounting Horizons (June): 113-135. Reprinted in Development Studies in International Accounting – Americas and the Far East, edited by Gary K. Meek and published by Edward Elgar Publishing Ltd, UK.
Davis-Friday, P. Y., L. B. Folami, C. Liu, and H. F. Mittelstaedt. 1999. The Value Relevance of Financial Statement Recognition versus Disclosure: Evidence from SFAS No. 106. The Accounting Review (October): 403-423. Synopsized in the FASB Research Supplement, September 29, 2000, p. 3.
AAA International Accounting Section Best Paper Award (2008)
Zicklin School of Business Teaching Excellence Award (2008)
AICPA Best Paper Award (2003)
University of Notre Dame MBA Association Advisor Award (2002-2003)
UMBS Black Business Students Association Alumnus of the Year Award (1999)
University of Notre Dame James Dincolo Teaching Award (1998)
AAA International Accounting Section Outstanding Dissertation Award (1997)
Beta Gamma Sigma, University of Michigan Chapter (1996)
Doctoral Internationalization Consortium Representative (1996)
Gerald and Lillian Dykstra Teaching Award (1995-1996)
Big Ten Doctoral Consortium Representative (1994)