Overview

Laura A. Wellman is an associate professor in the Accounting Department at the Smeal College of Business at Penn State University. Her research broadly examines how government policy uncertainty affects firms and investors, and the strategies that firms and investors pursue to navigate and reduce uncertainty. She has published articles in such journals as Accounting Review, Journal of Accounting and Economics, Management Science, and Review of Accounting Studies. She routinely reviews for the leading accounting journals. Her current research investigates whether and how firms respond to environmental and social risks and opportunities by increasing public disclosures and political activity.

Professor Wellman teaches Taxation and is a Certified Public Accountant. She received her Ph.D. in Accounting from Arizona State University. Prior to pursuing her Ph.D., she graduated from Arizona State University with a master's degree in taxation.

Publications

“The Benefits of a Relational Approach to Corporate Political Activity: Evidence from Political Contributions to Tax Policymakers,” with Jennifer Brown and Katharine Drake

2015. Journal of the American Taxation Association (Link)

· Recipient of the Journal of the American Taxation Association Outstanding Paper Award

· Media mentions: Washington Post, NPR National, Politico, The Hill

“From K Street to Wall Street: Politically Connected Analysts and Stock Recommendations,” with Dane Christensen, Mike Mikhail, Beverly Walther

2017. The Accounting Review (Link)

“Mitigating Political Uncertainty,”

2017. Review of Accounting Studies (Link)

“The Effect of Economic Policy Uncertainty on Investor Information Asymmetry and Management Disclosures,” with Venky Nagar and Jordan Schoenfeld.

2019. Journal of Accounting and Economics (Link)

· Recognized in 2021 for being among the ten most-cited JAE papers since 2017

“Profiting from Connections: Do Politicians Receive Stock Tips from Brokerage Houses?” with Andrew P. Stephan and Beverly R. Walther

2021. Journal of Accounting and Economics (Link)

“Hedging on the Hill: The Influence of Political Hedging on Equity and Earnings Volatility,” with Dane Christensen, Hengda Jin and Suhas Sridharan

2021. Management Science (Link)

“A New Take on Voice: The Influence of BlackRock’s ‘Dear CEO’ Letters,” with Andrea Pawliczek and Nikki Skinner

2021. Review of Accounting Studies (Link)

· 2020 Review of Accounting Studies Conference paper

· Recipient of the 2020 Review of Accounting Studies Conference Best Paper Award

· Media mentions: Institutional Investor

“The Impact of Tax Policy Uncertainty on Forecasting,” with Jennifer Brown, K.C. Lin and Jared Moore 2021. Journal of the American Taxation Association (Link)

“Political Information Flow and Management Guidance,” with Dane Christensen, Arthur Morris and Beverly Walther

2022. Review of Accounting Studies (Link)

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