Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Mark E. Zmijewski, the Leon Carroll Marshall Professor of Accounting at the University of Chicago Booth School of Business, has entered into an agreement to become a senior consultant to CRA’s Financial Accounting & Valuation Practice. Professor Zmijewski is expected to begin working with CRA in May 2013. “Mark Zmijewski is a leading authority on financial accounting and valuation matters and we look forward to working with him as a senior consultant to Charles River Associates,” said CRA's President and Chief Executive Officer Paul Maleh. “For more than 30 years, Professor Zmijewski has researched, taught, and consulted on financial accounting and valuation issues. We expect that his deep and broad expertise will benefit clients facing challenges and concerns in these areas.” Professor Zmijewski is a chaired professor and former deputy dean at the University of Chicago Booth School of Business. He has also been the Executive Director of the University of Chicago’s Center for Research in Security Prices. His academic research focuses on valuation, security analysis, and the effect of financial disclosures on capital market participants and security prices. Professor Zmijewski’s research has been published in leading academic journals, including the Journal of Financial Statement Analysis; the Journal of Accounting, Auditing, and Finance; the Journal of Accounting Research; and the Journal of Accounting. In addition, Professor Zmijewski has served on the editorial boards for the Journal of Accounting and the Accounting Review, where he was also an associate editor. In addition, he is an ad hoc referee for nearly a dozen journals. Professor Zmijewski also consults on matters relating to accounting, financial analysis, valuation, mergers and acquisitions, securities litigation, damages awards, bankruptcy, solvency, due diligence, interest rates, and revenue recognition. His expertise has been applied to many sectors, including computer hardware and software, credit card and credit card security, banking, securities, retail, airline, automobile, energy, and consumer products.
Shares of CRA International (Nasdaq:CRAI) have taken a tremendous swing upward. The stock is trading at $24.92 as of 11:21 a.m. ET, 23.4% above Wednesday's closing price of $20.19. Volume is at 20,984, 0.5 times the daily average of 40,100.