George Parker’s teaching and research interests are primarily in the field of corporate finance, management of financial institutions, and corporate governance. He is the author of numerous case studies related to these subjects which are used in the MBA Program at Stanford and other schools. He has also authored several articles on capital structure, risk management, and corporate valuation.[View Profile]

Ron Kasznik’s research focuses on examining the strategic use of accounting and financial information by market participants, particularly firm managers. Within this broad area, he focuses primarily on issues related to the provision of financial and non-financial information, the determinants and outcomes of voluntary disclosures, incentives to manage reported earnings, and the disclosure and reporting effects of employee stock options.[View Profile]

Maureen McNichols’ research examines financial reporting and its role in providing information to investors. Her recent work focuses on earnings quality, on earnings management and on securities analysts. The research on earnings quality examines the informativeness of earnings and its components under alternative accounting principles. The research on earnings management examines companies’ incentives and methods for managing earnings, detection of managed earnings and the consequences for investors. The research on analysts examines their incentives to report information truthfully, how investment banking influences analysts’ behavior, and the implications for investors.[View Profile]

Paul Pfleiderer’s research is primarily focused on issues arising in financial markets when traders are asymmetrically informed. He has developed theoretical models to analyze how information is incorporated in prices through trading and how information flows determine trading volume. He has also analyzed how information is sold to investors when the value of the information is reduced the more widely it is disseminated. In addition he has studied problems in measuring active funds’ performance, contracting concerns in venture financing, policy issues related to disclosure requirements, and explanations for the stock market crash of 1987. His current research concerns corporate governance.[View Profile]

Madhav Rajan specializes in the economics-based analysis of management accounting issues. His work examines the optimal choice of information and incentive systems in firms and the rationale behind observed internal accounting practices. Rajan has done analytical, empirical, and field-based work on the role of incentives in supply chain contracting, the use of nonfinancial performance measures, and the value of “cost of quality” accounting systems in modern manufacturing environments. His recent work has focused on the links between economic and accounting profitability, the use of internal auction markets for resource allocation, and the usefulness of subjective measures of performance.[View Profile]