ACCOUNTING HALL OF FAME INDUCTION

August 15, 1996 Chicago, Illinois
Citation and Response
WILLIAM
HENRY
BEAVER
Max M. Fisher College of Business THE OHIO STATE UNIVERSITY

REMARKS by Charles T. Horngren, Professor

Stanford University Hall of Fame Member

This occasion is a special honor and treat for me. I have known Bill Beaver since 1963, when he was a superlative doctoral student at the University of Chicago. The middle 1960s were heady years for the doctoral program there. Among its students in accounting and finance were many individuals who have made noteworthy contributions to the scholarly literature and practice. Consider such names as Beaver, Demski, Ball, Brown, Watts, Fama, Mike Jensen, Roll, and Scholes.

I have watched Bill grow from a bright, leading doctoral student to become the leading researcher in financial account¬ing in the entire world. Along the way, Bill and I and our wives have become close friends. Bill and his wife, Sue, have an exceedingly close marriage. Outside of school, you rarely see one without the other. Sue has been a fantastic supporter and partner.

Bill Beaver is a superb role model for academicians. For nearly thirty years, he has been on the forefront of research. He was a trailblazer in empirical research regarding relationships between accounting and security prices. His amazing produc¬tivity and sophistication continue to flourish.

Bill is not merely a researcher. He is an educator in the broadest sense. His teaching has been outstanding. For example, Stanford’s MBA students have given him their annual award for distinguished teaching. Moreover, if there were a similar award for Ph.D. teaching and guidance, would have gained that too. He has a long list of admiring doctoral students, including many Beaver coauthors. His monograph, Financial Reporting: An Accounting Revolution, is a splendid example of educational innovation.