MSc (Uppsala), PhD (Uppsala)

I supervise two doctoral students in finance at Uppsala University

Postgraduate: MNGT502 Accounting, PJTM503 Financial Management of Projects, MNGT506 Financial Management, MNGT 575 Dissertation, GMBA 511 Consultancy Challenge

I am, broadly speaking, interested in market-based accounting research. That is, the combination of accounting and financial theory. I especially find the application of market inefficiency in such a setting interesting.

My current research follows two paths.

1. Detecting long-run accounting-based market anomalies
   • Measurement issues: How can we measure abnormal returns and abnormal earnings without bias?
   • Cross-sectional tests of return predictability: Can anomaly studies based on market inefficiency find abnormal returns? Does the introduction of fair-value accounting affect the accrual anomaly?
2. Accounting for Goodwill
   • What is acquired Goodwill's useful life?
   • What sort of time-series process guides acquired goodwill?

I have two papers that I currently work on and these are:

1. Unbiased estimation of dynamic earnings models using panel data
   A paper that both use Monte Carlo simulations and US accounting data and in which I show the bias in existing accounting research that use dynamic models.
2. A fundamental investment strategy based on residual income.
   This is a paper in which I investigate the possibility to earn abnormal returns based on a particular fundamental investment strategy.

My Skype ID is joachimlandstrom

I also have a meeting room on Adobe Connect and it is: http://lancasteruni.adobeconnect.com/landstrom/