Dr. Silvia Romero-Andrade

Associate Professor | Accounting and Finance | Feliciano School of Business
Location: 362
Telephone: 973-655-5339
Fax: 973-655-7968
Email: romeros@montclair.edu

Biography

Born in Buenos Aires (Argentina)<br>PhD and MBA from Rutgers (2008)<br>Dissertation topic: Testing human factor tailored information reports for users with different cognitive characteristics. <br>Undergrad Studies: Universidad de Buenos Aires (Argentina) <br>BS and MS in Accounting (1982)<br>CPA in Argentina with 15 years of work experience in the profession<br>

Expertise

Testing tailored information reports for uses with different cognitive characteristics <br>Corporate Social Responsibility Reporting<br>Uses of technology in audit engagements

Education

  • MBA, 2008, Rutgers University, New Jersey
  • Ph D, Accounting Information Systems, 2008, Rutgers University, New Jersey

Professional Experience

  • Associate Professor, MSU. (September 2008 - Current).
  • Teaching Assistant, Rutgers State University. (September 2003 - May 2008).
  • Partner, Volpato - Romero PA. (March 1990 - October 2001).
  • Senior Auditor, Sergio Bersusky PA. (September 1985 - February 2000).
  • Controller, MYEEL Medidores y Equipos Electricos SRL. (May 1982 - August 1985).

Honors and Awards

  • Excellence Dissertation Fellowship , Rutgers. (September 2006).
  • Summer fellowship award , Rutgers. (May 2005).
  • Summer fellowship award , Rutgers. (May 2004).
  • Dissertation Fellowship , Rutgers. (September 2002).

Research

  • Sustainability Reporting has become a tool generally adopted by companies willing to disclose their efforts and actions towards sustainability. They are mostly voluntary, although there are a few mandatory requirements for some industries like oil and chemicals. There are some frameworks developed by different organizations like the Global Reporting initiative (GRI), the Sustainability Accounting Standards Board (SASB) and the International Integrated Reporting Council (IIRC). The development of these reports gave birth to new terms not used in accounting before. Some of them are used interchangeably. For example the American Association of Certified Public Accountants (AICPA) gives the following definition of Sustainability: “Sometimes used interchangeably with the term corporate social responsibility, the most widely accepted definition of sustainability that has emerged over time is the “triple bottom-line” consideration of economic viability, social responsibility, and environmental responsibility.” Therefore, given this change in language, if users find a significant difference in meaning, the message received by them may differ from the message delivered in the report. Connotative meaning refers to emotions and associations connected to a word. It influences human reactions (Osgood et al., 1957). The role of connotative meaning in the process of change in reporting was studied in the seventies. For example, Flamholtz and Cook (1978) found two clusters of terms, which they labeled traditional and nontraditional. They postulated that a semantic halo effect might exist, which explains the resistance to new terms such as social accounting and human resource accounting. Currently, the new characteristics of the reports require the review of the meaning of the new accounting terms. The purpose of this paper is to investigate if the terms included in the AICPA definition, which are often used interchangeably (sustainability, social responsibility and triple bottom line), actually convey the same meaning to the users of Sustainability Reports (SR). A second purpose is to study if certain terms used in SR such as footprints, environment and social responsibility convey the same meaning, to different groups of stakeholders.
  • With Agatha Jeffers and Frank Aquilino Issues associated with global warming and the protection of the biosphere has now become firmly established in every aspect of our daily lives along with the measures that can or are being put in place to ensure the future of humanity. Yet, in the U.S., there is currently no established framework for identifying, measuring, reporting or regulating these important environmental initiatives in corporations. The purpose of this paper is to present an exploratory study to develop a framework for measuring and reporting of environmental initiatives as well as to identify and measure the variables involved in accounting for environmental initiatives in corporations. By so doing, the financial and managerial implications of accounting for green initiatives and its effects on the corporate reports, balance sheets, cash flows and on companies income statements can be assessed. To achieve this objective, it is necessary to quantify the impact of environmental initiatives undertaken by corporations. However, to quantify the impact, it is first necessary to identify, estimate and measure the relevant variables. In this paper, the establishment of the sustainability framework is examined from a microeconomic perspective. To this end, we evaluate the variables that should be included in environmental framework from the perspective of the corporation. Proper evaluation and measurement of these environmental initiatives in an established framework will undoubtedly lead to better planning, decision making by managers as well as financial reporting which in turn will lead to more informed decision making on the part of financial statement users.
  • With Fatima Alali Corporate social responsibility (CSR) has become a fundamental issue in management strategy. Confidentiality and security of data are important issues of CSR that have intensified in the last decade due to the increased use and reliance on information technology to conduct business. The financial technology specialist Hatstand states that “business need to have sound governance practices in place and recognize that cybersecurity is more than just an IT related issue”, and that it is not a matter of if but when a firm will experience a breach of security (Hatstand, 2015). Hackers have developed better tools and it seems that companies’ most critical actions are reactive rather than proactive to avoid those attacks. Therefore, one important issue in CSR is to understand management responsibilities in preventing and protecting from hackers’ attacks, as well as the effect auditor’s evaluation of internal controls has on the prevention of those attacks.

Refereed Published Articles

  • Romero, S., Ruiz, S., Fernandez-Feijoo, B. (2018). Sustainability reporting and stakeholder engagement in Spain: Different instruments, different quality. Business Strategy and the Environment/Wiley,
  • Romero, S., DeGaetano, L. (2018). Sustainability Reporting and Brand Value – Greenwashing or commitment?. International Journal of Decision Sciences, 9 (1),
  • Romero, S., Ruiz, S., Fernandez-Feijoo, B. (2018). Regional differences in industry specialization in the sustainability assurance market. Management Decision - Emerald,
  • Romero, S., Jeffers, A., Lin, B., Aquilino, F., Jeffers, A. (2018). Using ESG Ratings to Build a Sustainability Investing Strategy. The CPA Journal, (July 2018), pp. 37-50.
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2018). Financial auditor and sustainability reporting: Does it matter?. Corporate Social Responsibility and Environmental Management, 25 (3), pp. 209-224.
  • Alali, F., Romero, S. Armor Holdings Inc.: A Foreign Corrupt Practices Act Case. Global Perspectives on Accounting Education -,
  • Romero, S., Lin, B., Jeffers, A., Aquilino, F., DeGaetano, L. (2017). Are Sustainability Rankings Consistent Across Rating Agencies?. NYSCPA,
  • Romero, S., Strauss, R., Jeffers, A. (2017). Accounting Information Systems - Crucial Frontier in Business Ethics. International Journal of Data Analysis and Information Systems, 9 (1), pp. 13-21.
  • Romero, S., Lin, B., Jeffers, A., DeGaetano, L. (2016). Sustainability Practices in European Versus U.S. Corporations - Is the Divide Getting Closer?. International Journal of Data Analysis and Information Systems,
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2016). The assurance market of sustainability reporting: What do Accounting firms do?. Journal of Cleaner Production, pp. Authors in alphabetical order.
  • Jeffers, A., Romero, S., Lin, B., DeGaetano, L. (2016). Ethical Implications of Sustainability Initiatives in Corporations. International Journal of Decision Sciences, 7 (1), pp. 27-37.
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2015). Multilevel approach on decisions of sustainability report assurance. Australian Accounting Review - Wiley,
  • Lin, B., Romero, S., Jeffers, A., DeGaetano, L. (2015). Sustainability Reporting Standards: Who should be in Charge?. Today's CPA, September 2015 pp. 40-43.
  • Lin, B., Jeffers, A., Romero, S., DeGaetano, L. (2015). Sustainability (green) initiatives and company’s value – an examination of S&P 500 U.S. companies. International Journal of Society Systems Science/Inderscience, 7 (3), pp. 181-197.
  • Romero, S., Lin, B., Jeffers, A., DeGaetano, L. (2014). A Comparison of Sustainability in European and U.S. Corporations. International Journal of Data Analysis and Information Systems, 6 (2), pp. 81-90.
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2014). Commitment to CSR Measured Through GRI: Factors Affecting the Behavior of Companies. Journal of Cleaner Production, DOI: 10.1016/J.JCLEPRO.2014.06.034
  • Romero, S., Fernandez-Feijoo, B., Ruiz, S. (2014). Perception of quality of Assurance Statements for Sustainability Reports. Social Responsibility Journal, 10 (3), pp. 480-499.
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2014). Effect of Stakeholders’ Pressure on Transparency of Sustainability Reports within the GRI Framework. Journal of Business Ethics, 122 (1), pp. 53-63.
  • Romero, S., Lin, B., Jeffers, A., DeGaetano, L. (2014). An Overview of Sustainability Reporting Practices. CPA Journal, 84 (3), pp. 68-71.
  • Jeffers, A., Lin, B., Romero, S., DeGaetano, L. (2014). Is It Time for Companies to Capitalize on Sustainability?. CPA Journal, 84 (3), pp. 6-10.
  • Vasarhelyi, M., Romero, S. (2014). Technology in Audit Engagements: a case study. Managerial Auditing Journal, 29 (4),
  • Alali, F., Romero, S. (2013). Benford’s Law: Analyzing a Decade of Financial Data. Journal of Emerging Technologies in Accounting, 10 pp. 1-39.
  • Alali, F., Romero, S. (2013). Characteristics of failed US commercial banks: An exploratory study. Accounting and Finance/Wiley, 53 (4), pp. 1149-1174.
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2013). Women on Boards: Do they affect sustainability reporting?. Corporate Social Responsibility and Environmental Management, DOI: 10.1002/csr. 1329
  • Husted, S., Pinto, J., Romero, S. (2013). Elijah Watt Sells Award: A Study of Previous Winners. American Journal of Business Education, 6 (2), pp. 241-246.
  • Romero, S., Fernandez-Feijoo, B. (2013). Effect of Hofstede's cultural differences in CSR disclosure. International Journal of Information Systems and Social Change, 4 (1), pp. 68-84.
  • Romero, S., Gal, G., Vasarhelyi, M., Mock, T. (2012). A Measurement Theory Perspective on Business Measurement. Journal of Emerging Technologies in Accounting, 9 pp. 1-24.
  • Romero, S. (2012). Student's attitude towards on-line and hybrid accounting courses. Review of Business Research, 12 (5), pp. 163-168.
  • Alali, F., Romero, S. (2012). The Use of the Internet for Corporate Reporting in the Mercosur (Southern Common Market) - The Argentina Case. Advances in Accounting, 28 (1), pp. 157-167.
  • Vasarhelyi, M., Romero, S., Kuenkaikaew, S., Littley, J. (2012). Adopting Continuous Audit / Continuous Monitoring in Internal Audit. ISACA Journal, 3
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2012). Does Board Gender Composition affect Corporate Social Responsibility Reporting. International Journal of Business and Social Science, 3 (1), pp. 31-38.
  • Alali, F., Romero, S. (2012). Auditor Changes Before, During and Post-Section 203 of Sarbanes-Oxley Act. Internal Auditing, 27 (1), pp. 25-30.
  • Fernandez-Feijoo-Souto, B., Romero, S., Ruiz-Blanco, S. (2012). Measuring Quality of Sustainability Reports and Assurance Statements: Characteristics of the High Quality Reporting Companies. International Journal of Society Systems Science, 4 (1), pp. 5-27.
  • Fernandez-Feijoo, B., Romero, S., Ruiz-Blanco, S. (2011). Information systems for sustainability: Hofstede´s cultural differences in the perception of quality measure of sustainability reports. Enterprise information systems-Communications in Computer and Information Science, 219 (1), pp. 54-62.
  • Romero, S. (2010). Auditor Independence: Third party hiring and paying auditors. Euromed Journal of Business / Special Issue Contemporary Issues in accounting / Emerald, 5 (3), pp. 298-314.
  • Romero, S. (2010). Question order effect of student quizzes – Evidence from two studies in introductory financial accounting courses. Review of Business Research, 10 (5), pp. 211-218.

Books & Chapters Published

  • Romero, S., Fernandez-Feijoo, B., Ruiz, S. (2019). Are integrated reports really integrated in Spain?. (pp. 291-318). : Springer - Cham.
  • Jeffers, A., DeGaetano, L., Lin, B., Romero, S. (2014). Sustainable (Green) Initiatives in Corporations. (pp. 2426-2442). Hershey, PA: Encyclopedia of Business Analytics and Optimization.

Published Proceedings

  • Aquilino, F., Jeffers, A., Romero, S. (2018). The Increased Demand for Transparency on ESG Roles and Metrics in Sustainability Investing Strategies. Florida: American Accounting Association 2018 National Conference. Refereed
  • Jeffers, A., Romero, S. (2016). Development of a Framework to Measure & Report Enviornmental Initiatives in U.S. Corporations (Abstract only). : American Accounting Association (AAA) Annual Conference. Refereed
  • Lin, B., Romero, S., Jeffers, A., DeGaetano, L., Aquilino, F. (2016). Sustainability Rankings - Are they Consistent Across Rating Agencies? (abstract only). : American Accounting Association (AAA) Annual Conference. Refereed
  • Lin, B., Romero, S., Jeffers, A., DeGaetano, L. (2016). Sustainability and Company's Value - A Follow-Up Study of S&P 500 U.S. Companies (Abstract only). Montclair, New Jersey: 14th International Confeence of the Society for Global Business & Economic Development (SGBED). Refereed
  • Romero, S., Lin, B., Jeffers, A., DeGaetano, L. (2016). Sustainability Practices in European Versus U.S. Corporations - Is The Divide Getting Closer? (Abstract only). Montclair, New Jersey: 14th International Conference of the Society for Global Business & Economic Development (SGBED). Refereed
  • Lin, B., Romero, S., Jeffers, A., Aquilino, F., DeGaetano, L. (2016). Sustainability Rankings - Are They Consistent Across Rating Agencies (Abstract only). Montclair, New Jersey: 14th International Conference of the Society for Global Business & Economic Development (SGBED). Refereed
  • Romero, S. (2012). Where were the auditors?. Philadelphia, PA: AAA Mid Atlantic Meeting. Refereed
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2012). Transparent Information System for Sustainability. A Sectoral Analysis. : Centeris 2012. Refereed
  • Romero, S., Fernandez-Feijoo, B. (2012). Effect of Hofstede's cultural differences in CSR disclosure. : AAA Annual Meeting. Refereed
  • Romero, S., Gal, G., Vasarhelyi, M., Mock, T. (2012). An updated measurement theory perspective on business measurement. : European Accounting Association. Refereed
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2011). Information Systems for Sustainabilily: Hofstede's Cultural Differences in the Perception of a Quality Measrue fro Sustainability Reports. Wiesbaden: Springer Verlag. Refereed
  • Fernandez-Feijoo, B., Romero, S., Ruiz, S. (2011). Testing quality of assurance statements for sustainability reports. : SGBED. Refereed
  • Romero, S. (2009). Question order effect of student quizzes in introductory financial accounting courses. : International Conference of Education, Research and Innovation (ICERI 2009). Refereed
  • Romero, S., Alali, F. (2009). The use of the Internet for corporate reporting in the Mercosur (Southern Common Market) - The Argentina Case. : 18th Annual Research Workshop on Strategic and Emerging Technologies.
  • Romero, S. (2007). Tailored information systems. Do investors’ cognitive characteristics determine the preference for text disclosures?. : 2007 Accounting, Behavior and Organization Research Conference (AAA).
  • Romero, S. (2007). “Does Continuous Reporting reduce volatility?”. : • First Continuous Reporting Symposium – Rutgers Business School – September 2007.
  • Romero, S. (2007). “Testing Tailored Reports using Process Focused and Object Focused Abstractions”. : • Sixteenth Annual Research Workshop on Artificial Intelligence and Emerging Technologies in Accounting, Auditing and Tax (AAA) – August 2007.
  • Romero, S., Vasarhelyi, M., Mock, T. (2007). A Measurement Theory Perspective on Business Measurement. : American Accounting Association-Sixteeenth Annual Research Workshop on Artificial Intelligence and Emerging Technologies in Accounting, Auditing and Tax.