Nancy Mangold, professor of accounting at California State University, East Bay for the past 25 years, has been selected by the Securities and Exchange Commission as an Academic Accounting Fellow for the 2009-10 academic year. She is one of only two university professors from throughout the United States selected for the fellowship by the SEC’s Office of the Chief Accountant.
Mangold, who began her SEC assignment in August, has taught both undergraduate and graduate financial accounting at CSUEB since 1984. She also has taught master's of business administration students in China, Singapore, and Austria, and trained high-ranking executives and government officials in China.
“This is a very exciting opportunity for me, especially at this time,” Mangold said, “because I have been teaching accounting standards to my students. The SEC is the primary overseer and regulator of the U.S. securities markets. The Office of the Chief Accountant assists the commission in executing its responsibility under the securities laws to establish accounting principles, and for overseeing the private sector standards-setting process."
Academic accounting fellows serve as research resources for SEC staff, interpreting and communicating research materials as they relate to the agency. Fellows are assigned ongoing projects in the chief accountant’s office, according to James Kroeker, the SEC’s newly-appointed chief accountant.
“The perspective of fellows from academia is a great benefit to the Office of the Chief Accountant,” said Kroeker. “But more importantly, their work benefits U.S. investors.”
“(SEC experience) will definitely benefit my work in the classroom,” Mangold said. “It will provide a really good perspective on all the very important accounting issues and how the SEC addresses them.”
Mangold is joined as an academic fellow by Jack Krogstad, a professor of accounting at Creighton University in Omaha, Neb.
"Nancy Mangold's selection to work at the U.S. Securities and Exchange Commission this year as an academic accounting fellow in the Office of the Chief Accountant is a wonderful testament to her and to our accounting program," said Terri Swartz, dean of CSUEB's College of Business and Economics. "Her international perspective and experiences bring richness to the assignment. Clearly it is quite an honor for her to be chosen for this coveted position."
Mangold received two “Best Paper” awards for her work on Chinese mergers and acquisitions in 2008 and 2009. Her most recent papers were published in the International Journal of Global Business and Economics and the Journal of International Business and Economics. Her research focuses on the effect of cross-border mergers and acquisitions in China as it relates to shareholder wealth; listing premiums for Chinese company initial public offerings in the U.S., Hong Kong and on China’s domestic exchanges.
“I believe that my international research had a lot of aspects that were of interest to the SEC and played an important part in their selecting me for the fellowship,” Mangold said.
Previously she was appointed by the World Bank as a consultant to the People’s Bank of China, which is the counterpart of the United States’ Federal Reserve Bank, and as a consultant to China's Ministry of Finance.
Mangold, a certified treasury professional, and her husband, Donald, are residents of Berkeley. He is a retired scientist at the Lawrence Berkeley Lab.