Raymond Ball studies corporate disclosure, earnings and stock prices, international accounting and finance, market efficiency and investment strategies. He is coauthor with Philip Brown of "An Empirical Evaluation of Accounting Income Numbers," an article published in the Journal of Accounting Research in 1968 that won the American Accounting Association's inaugural award for seminal contributions in account literature. This article revolutionized the understanding of the impact of corporate disclosure on share prices, and of earnings releases in particular. It laid the foundation for much of the modern accounting literature. Ball also is the author of "Anomalies in Relationships between Securities' Yields and Yield surrogates," published in the Journal of Financial Economics in 1978, the first academic reference to systematic anomalies in the theory of efficient markets.
Ball has been an Editor or Coordinating Editor of Journal of Accounting Research since 2000, prior to which he was an Editor of Journal of Accounting & Economics for many years. He is a member of the Board of Trustees of Harbor Funds and chairs its Audit Committee. He also serves on the Advisory Group for the Financial Reporting Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW). He has served on the Financial Accounting Standards Advisory Council (FASAC) of the Financial Accounting Standards Board (FASB), and on the Shadow Financial Regulation Committee.
He received a bachelor's degree in accounting from the University of New South Wales in Australia, and an MBA in 1968 and a Ph.D. in economics in 1972 from Chicago Booth. Ball was awarded honorary degrees by the Helsinki School of Economics, the KatholiekeUniversiteit Leuven, the University of Queensland, the University of London, and the University of New South Wales. He was elected to the Accounting Hall of Fame in 2009.