Dr. Zahn Bozanic, Ph.D., is an Assistant Professor of Accounting at The Ohio State University. He earned his doctorate in Business Administration from The Pennsylvania State University, holds an M.A. degree from The University of Michigan, and holds a B.A. degree from the University of California at Berkeley.  

His primary research interests are in the areas of corporate disclosure, debt contracting, information intermediaries, and regulation. Professor Bozanic’s research has been published by outlets such as the Journal of Accounting Research, Journal of Accounting and EconomicsReview of Accounting StudiesContemporary Accounting Research, and Accounting, Organizations, and Society. His fraud-related research on corporate disclosure has been featured by The Wall Street Journal, Forbes, and and has been put into practice by commercial data vendors such as Audit Analytics and Bloomberg.

Professor Bozanic teaches Financial Statement Analysis at the undergraduate and graduate levels at Ohio State.

Social Science Research Network


  • Deloitte Foundation Wildman Medal Award
  • AAA FARS Mid-Year Meeting Best Paper Award
  • The National Center for the Middle Market Research Fellowship
  • Ossian R. MacKenzie Doctoral Teaching Award
  • Smeal Competitive Dissertation Award
  • Smeal Doctoral Research Grant
  • G. Kenneth Nelson Scholarship
  • Jane O. Burns Graduate Scholarship
  • Center for the Study of Finance Graduate Fellowship

Areas of Expertise


  • Debt
  • Disclosures
  • Information Intermediaries


  • PhD, The Pennsylvania State University
  • MA, The University of Michigan
  • BA, The University of California


  • 12. “Financial Reporting Fraud and Other Forms of Misconduct: A Multidisciplinary Review of the Literature” with Amiram, Cox, Dupont, Karpoff, and Sloan.  Review of Accounting Studies, forthcoming.
  • 11. “Management Earnings Forecasts and Other Forward-Looking Statements” with Darren Roulstone and Andy Van BuskirkJournal of Accounting and Economics, forthcoming.

  • 10. “SEC Comment Letters and Firm Disclosure” with J. Richard Dietrich and Bret Johnson.  Journal of Accounting and Public Policy, in-press.
  • 9. “Corporate Loan Securitization and the Standardization of Financial Covenants” with Maria Loumioti and Florin Vasvari.  Journal of Accounting Research, forthcoming.
  • 8. “Soft Information in Loan Agreements” with Lin Cheng and Tzachi Zach. Journal of Accounting, Auditing and Finance, in-press.

  • 7. “IRS Attention” with Jeff Hoopes, Jake Thornock, and Brady Williams.  Journal of Accounting Research, 2017, Vol. 55(1), 79-114. [Data]

  • 6. “The Ex-Ante Monitoring Role of Accounting Covenants in Public Debt” Journal of Business Finance & Accounting, 2016, Vol. 43(7), 803-829. [Lead Article]

  • 5. “Financial Statement Errors: Evidence from the Distributional Properties of Financial Statement Numbers” with Dan Amiram and Ethan Rouen. Review of Accounting Studies, 2015, Vol. 20(4), 1540-1593.

*Winner of the Deloitte Foundation Wildman Medal Award and FARS Mid-Year Meeting Best Paper Award; Featured in Audit Analytics’ Accounting Quality and Risk Matrix (AQRM) and Bloomberg Terminal’s AQRM App [Data]

  • 4. “Qualitative Disclosure and Changes in Sell-Side Financial Analysts’ Information Environment” with Maya Thevenot. Contemporary Accounting Research, 2015, Vol. 32(4), 1595-1616.

  • 3. “What Do Management Earnings Forecasts Convey About the Macroeconomy?” with Sam Bonsall and Paul Fischer. Journal of Accounting Research, 2013, Vol. 51(2), 225-266. [Lead Article]

  • 2. “The Social Constitution of Regulation: The Endogenization of Insider Trading Laws” with Mark Dirsmith and Steve Huddart. Accounting, Organizations, and Society, 2012, Vol. 37(7), 461-481.

  • 1. “Managerial Motivation and Timing of Open Market Share Repurchases” Review of Quantitative Finance and Accounting, 2010, Vol. 34(4), 517-531.

Media Mentions

  • “Using Benford’s Law to Assess Financial Reporting Quality” – Columbia Law School Blue Sky Blog, February 2016
  • “The SEC Never Reads 74% of Filings, Putting Investors at Risk” –, October 2015
  • “On the Role of Companies’ External Securities Law Advisors – Facilitators or Gatekeepers?”– Columbia Law School Blue Sky Blog, October 2015
  • “Accountants Increasingly Use Data Analysis to Catch Fraud” – Wall Street Journal, December 2014
  • “IRS Pays Attention to Corporate Filings, Study Shows” – Compliance Week, November 2014
  • “IRS Scanning 10-Ks for Tax Data, Report Finds” –, November 2014
  • “A New Tool to Detect Financial Reporting Irregularities”– The Harvard Law School Forum on Corporate Governance and Financial Regulation, July 2014
  • “The Simple Mathematical Law That Financial Fraudsters Can’t Beat” – Forbes, May 2014
  • “Financial Fraud Detection Now as Simple as 1, 2, 3” – PR Newswire, May 2014
  • “The Search for Suspect Accounting” –, April 2014
  • “Earnings Bode Ill for Stocks” – Wall Street Journal, June 2012

Policy Mentions

  • Comment to the SEC re Concept Release on Regulation S-K Disclosures by U.S. Senate Permanent Subcommittee on Investigations, July 2016
  • Capital Unbound: Remarks at the Cato Summit on Financial Regulation by SEC Commissioner Michael S. Piwowar, June 2015


  • ACCTMIS 4210 - Financial Statement Analysis

    Methods of fundamental analysis will be examined in detail; improve ability to use financial statements as part of an overall assessment of a firm's strategy and valuation. Prereq: 3201 (523) and BusMHR 2292 (BusAdm 499.01). Repeatable to a maximum of 12 cr hrs.

  • ACCTMIS 7220 - Financial Statement Analysis

    Examines the role of financial statement analysis in the evaluation of the firm's financial performance and the prediction of its future economic condition. Prereq: MBA 6211 (800), or enrollment in MAcc program. Not open to students with credit for 842.

  • ACCTMIS 7221 - Financial Statement Analysis II

    Examines additional techniques to evaluate the firm's financial performance and the prediction of its future economic condition based on financial statements. Prereq: 7220, or permission of instructor. Not open to students with credit for 842.