1318 Steinberg Hall - Dietrich Hall
3620 Locust Walk
Philadelphia, PA 19104-6365
Research Interests: accounting standards and regulation, financial institutions, financial reporting and disclosure
Links: CV
Professor Nicoletti’s research examines financial reporting and disclosure decisions made by financial institutions as well as the economic consequences of accounting standards and regulation. She holds a PhD in accounting from The Ohio State University and a BA in accounting and economics from Illinois Wesleyan University. Prior to returning to academia, Professor Nicoletti was a senior audit associate in financial services at KPMG in Chicago, IL focusing on financial statement audits of bank and insurance companies and is a CPA licensed in Illinois.
Michael Iselin, Allison Nicoletti, Jacob Ott, Helen Zhang (2025), Regulatory Leniency and the Cost of Deposits, Review of Accounting Studies.
Matthew Ege, Allison Nicoletti, Sarah Stuber (2025), Auditor Scrutiny of Loan Loss Estimates and Bank Lending: Evidence from PCAOB Inspections, The Accounting Review.
Allison Nicoletti and Christina Zhu (2023), Economic Consequences of Transparency Regulation: Evidence from Bank Mortgage Lending, Journal of Accounting Research, 61 (5), pp. 1827-1871. 10.1111/1475-679X.12498
Abstract: We examine the economic consequences of a rule designed to improve consumers' understanding of mortgage information. The 2015 TILA-RESPA Integrated Disclosures rule (TRID) simplifies the mortgage disclosures provided to consumers. As a consequence, TRID-affected mortgages become a less attractive investment opportunity to banks. Our main results document that mortgage applications affected by TRID are less likely to be approved following the rule's effective date. We find evidence consistent with both a decrease in consumers' information processing costs and an increase in banks' secondary market frictions, providing insight into the potential channels through which this reduction in mortgage credit operates. We also find that banks partially compensate for reduced mortgage lending by increasing small business lending, and that fintechs absorb mortgage demand in areas with reduced mortgage lending by banks. Our study documents real actions that firms take in response to disclosure transparency regulation and contributes to the literature on the economic consequences of such regulation.
Christopher Armstrong, Allison Nicoletti, Frank Zhou (2022), Executive stock options and systemic risk, Journal of Financial Economics.
Hailey Ballew, Allison Nicoletti, Sarah Stuber (2021), The Effect of the Paycheck Protection Program and Financial Reporting Standards on Bank Risk-Taking, Management Science.
Matthew Beck, Allison Nicoletti, Sarah Stuber (2021), The Role of Audit Firms in Spreading Depositor Contagion, The Accounting Review.
Hailey Ballew, Michael Iselin, Allison Nicoletti (2021), Accounting-based thresholds and growth decisions in the banking industry, Review of Accounting Studies.
Allison Nicoletti (2018), The effects of bank regulators and external auditors on loan loss provisions, Journal of Accounting and Economics, 66 (1).
Michael Iselin and Allison Nicoletti (2017), The Effects of SFAS 157 Disclosures on Investment Decisions, Journal of Accounting and Economics, 63 (2-3), pp. 404-427.
This course is an introduction to the basic concepts and standards underlying financial accounting systems. Several important concepts will be studied in detail, including: revenue recognition, inventory, long-lived assets, present value, and long term liabilities. The course emphasizes the construction of the basic financial accounting statements - the income statement, balance sheet, and cash flow statement - as well as their interpretation.
Intensive reading and study with some research under the direction of a faculty member. Approval from one of the departmental advisers must be obtained before registration. Also a 3.4 average in major related subjects required.
This is Part III of a theoretical and empirical literature survey sequence covering topics that include corporate disclosure, cost of capital, incentives, compensation, governance, financial intermediation, financial reporting, tax, agency theory, cost accounting, capital structure, international financial reporting, analysts, and market efficiency. Please contact the accounting doctoral coordinator for information on the specific upcoming modules/topics that will be taught.
This is Part IV of a theoretical and empirical literature survey sequence covering topics that include corporate disclosure, cost of capital, incentives, compensation, governance, financial intermediation, financial reporting, tax, agency theory, cost accounting, capital structure, international financial reporting, analysts, and market efficiency. Please contact the accounting doctoral coordinator for information on the specific upcoming modules/topics that will be taught.
Risk appetites have increased among U.S. banks that dispensed money to pandemic-hit small businesses under the government’s Paycheck Protection Program, a new study has found.…Read More
Knowledge at Wharton - 10/26/2021