The past month has produced impressive accolades for University of Southern Mississippi accounting professor Michael Dugan.
Dugan, who joined the Southern Miss faculty in June, received the 2010 “Best Paper” Award for his co-authored article that appeared in the December 2009 issue of the American Accounting Association (AAA) journal Accounting Horizons. On top of that, Dugan recently learned that he is ranked among the top five percent of the most prolific accounting researchers over the past 50 years according to a study conducted by finance professor Jean Heck at St. Joseph’s University.
“I was quite surprised and deeply honored in both instances,” said Dugan, who will teach three classes of advanced financial accounting during the upcoming fall semester. “It is nice to see all the hard work I’ve put into accounting research pay off with this kind of recognition.”
Dugan earned his “Best Paper” award as part of a nine-person task force appointed by the AAA to assess the impact of academic accounting research on accounting practice. He helped in the writing of the introduction and financial accounting section of the paper.
“We spent just about a year conducting the research for this paper,” said Dugan. “Each year AAA conducts an e-mail vote poll of worldwide subscribers to Accounting Horizons to determine the best paper of the year. Our submission received the most votes. I was proud to be part of such a tremendous team effort.”
In his 28-year career, Dugan has published approximately 45 articles related to accounting research. His primary focus involves the relationship between accounting information and stock prices – particularly the ability of accounting data to predict bankruptcy.
“Accounting firms use it as a tool for assessing bankruptcy potential for their clients,” said Dugan. “Academic research such as this has very practical, relevant implications for practicing accountants and auditors.”
Though Dugan is a new face on the Hattiesburg campus, he is already considered a valuable member of the Southern Miss accounting team, according to Skip Hughes, director of the School of Accountancy.
“Mike Dugan is a faculty mentor who actively stimulates and develops research interests among his colleagues and especially among those faculty members who are relatively new in their research careers,” said Hughes.