646 About the Authors
Robert Halsey has an MBA in finance and a PhD in accounting from the Uni-
versity of Wisconsin—Madison. During his business career, he managed the
commercial lending division of a large Midwestern bank, and served as the
Chief Financial Officer of a privately held retailing and manufacturing com-
pany. Prior to joining the faculty of Babson College, Dr. Halsey taught at the
University of Wisconsin—Madison where he received the Douglas Clarke
Memorial Teaching Award. His research interests are in the area of financial
reporting and include firm valuation, financial statement analysis, and disclo-
sure issues. He has published in Advances in Quantitative Analysis of Finance
and Accounting, theJournal of the American Taxation Association,and Issues
in Accounting Education.
Stephen M. Honigis senior partner with the Boston of fice of the national law
firm of Schnader, Harr ison, Segal & Lewis, LLP. A holder of a BA from Co-
lumbia College and an LLB from Harvard University, Mr. Honig has worked in
the private and public finance of emerging technology companies since 1966.
He was assisted in the preparation of his chapter by his partner Albert Dan-
dridge, formerly on the staff of the Securities and Exchange Commission, and
associate Craig Circosta, both of Schnader ’s Philadelphia of fice.
William C. Lawleris an Associate Professor of Accounting at Babson College,
Wellesley, Massachusetts, and Director of the Consortium for Executive De-
velopment at Babson College’s School of Executive Education. Dr. Lawler did
his undergraduate work at the University of Connecticut and his graduate
studies at the University of Massachusetts. His teaching and research focus on
two areas: financial footprints of business unit strategy and the impact of new
technologies on cost systems design.
Professor Lawler has authored several papers and given numerous profes-
sional presentations. His primary focus is on aiding operational managers in un-
derstanding the financial consequences of their decisions. He has run seminars
on this topic for such diverse groups as telecom managers in China, production
managers in the Czech Republic, and R&D managers in the United States. Dr.
Lawler consults with a number of companies, ranging from small biotechs to
Fortune 100 computer companies, concerning the design and use of cost infor-
mation systems for management decision support rather than external financial
reporting. His most recent publications in this area are chapters on Activity
Based Accounting and Profit Planning for the third edition ofThe Por table
MBA in Finance and Accounting.
John Leslie Livingstone earned MBA and PhD degrees from Stanford Uni-
versity. He is a CPA, licensed in New York and Texas, and a CVA (certified in
business valuation). Les directs a nationwide business consulting practice,
headquartered in West Palm Beach, Florida. He has been a partner in Coop-
ers & Lybrand (now PricewaterhouseCoopers), an international accounting
firm, and in The MAC Group, an international management consulting firm