You are here

David F. Larcker

DavidF.Larcker
James Irvin Miller Professor of Accounting
Professor of Law (by courtesy), Stanford Law School
Senior Faculty of the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford
Director of the Director's Consortium Executive Program
Academic Area: 
Accounting

Research Statement

Professor Larcker’s research focuses on executive compensation, corporate governance, and managerial accounting. His work examines the choice of performance measures and compensation contracts in organizations. He has current research projects on the valuation implications of corporate governance, the impact of proxy advisory firms on shareholder proxy voting and modeling the cost of executive stock options.

Bio

Professor Larcker presently holds the James Irvin Miller Professorship. He is the director of the Corporate Governance Research Initiative at the Stanford Graduate School of Business and senior faculty of the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University. Professor Larcker was previously the Ernst & Young Professor of accounting at the Wharton School of the University of Pennsylvania and Professor of accounting and information systems at the Kellogg Graduate School of Management at Northwestern University. He received his PhD in Business from the University of Kansas and his BS and MS in Engineering from the University of Missouri- Rolla.

He is on the editorial boards of the Journal of Accounting and Economics, Journal of Accounting Research, Accounting, Organizations and Society, Journal of Accounting and Public Policy, Journal of Applied Corporate Finance. Professor Larcker received the Notable Contribution to Managerial Accounting Research in 2001.

Academic Degrees

  • PhD, University of Kansas, 1978
  • MS, University of Missouri-Rolla, 1974
  • BS, University of Missouri-Rolla, 1972

Academic Appointments

  • At Stanford University since 2005
  • Ernst & Young Professor of Accounting, The Wharton School, University of Pennsylvania, 1985-2005
  • Assistant Professor - Professor, J.L. Kellogg Graduate School of Management, Northwestern University, 1978-1985

Awards and Honors

  • Winnick Family Faculty Fellow, Stanford GSB, 2013-2014
  • Notable Contribution to Managerial Accounting Research, 2001
  • PhD Faculty Distinguished Service Award, Stanford GSB, 2010

Publications

Journal Articles

David F. Larcker, Eric C. So, Charles C.Y. Wang . Journal of Accounting & Economics. 2013, Vol. 55, Issue 2–3, Pages 225–250.
Christopher S. Armstrong, David F. Larcker, Gaizka Ormazabal, Daniel J. Taylor. Journal of Financial Economics. 2013, Vol. 109 , Issue 2, Pages 327-350.
Christopher S. Armstrong, Christopher D. Ittner, David F. Larcker. Review of Accounting Studies. 2012, Vol. 17, Issue 2, Pages 322-351.
David F. Larcker, Anastasia A. Zakolyukina. Journal of Accounting Research. 2012, Vol. 50, Issue 2, Pages 495–540.
Chris Armstrong, Jennifer L. Blouin, David F. Larcker. Journal of Accounting and Economics. 2011, Vol. 53, Issue 1–2, Pages 391-411.
David F. Larcker, Gaizka Ormazabal , Daniel J. Taylor . Journal of Financial Economics. 2011, Vol. 101, Issue 2, Pages 431-448.
Robert Daines, Ian D. Gow, David F. Larcker. Journal of Financial Economics. December 2010, Vol. 98, Issue 3, Pages 439-461.
David F. Larcker, Tjomme O. Rusticus. European Accounting Review. May 2007, Vol. 16, Issue 1, Pages 207-215.
David F. Larcker, Scott A. Richardson, I˙rem Tuna. The Accounting Review. 2007, Vol. 82, Issue 4, Pages 963-1008.
Christopher D. Ittner , David F. Larcker, Mina Pizzini. Journal of Accounting and Economics. 2007, Vol. 44, Issue 3, Pages 300–327.
David F. Larcker, Scott A. Richardson. Journal of Accounting Research. June 2004, Vol. 42, Issue 3, Pages 625-658.
Christopher D Ittner, David F. Larcker, Taylor Randall. Accounting, Organizations and Society. October 2003, Vol. 28, Issue 7-8, Pages 715-741.
Christopher D. Ittner, Richard A. Lambert, David F. Larcker. Journal of Accounting and Economics. January 2003, Vol. 34, Issue 1-3, Pages 89-127.

Books

David F. Larcker, Brian Tayan Larcker and Tayan, August 29, 2013.

Other Publications

David F. Larcker, Scott Saslow, Brian Tayan. The Conference Board, Institute of Executive Development, and Stanford University. March 2014.
David F. Larcker, Scott Saslow. Institute of Executive Development and Stanford University. 2014.
Anne Beyer, David F. Larcker, Brian Tayan. National Investor Relations Institute and Stanford University. 2014.
David F. Larcker, Sarah M. Larcker, Brian Tayan. Stanford Closer Look Series. 2014.
David F. Larcker, Stephen A. Miles, Brian Tayan. Stanford Closer Look Series. 2014.
David F. Larcker, Stephen Miles, Brian Tayan, Michelle E. Gutman. The Miles Group and Stanford University. 2013.
David F. Larcker, Stephen Miles, Brian Tayan, Michelle E. Gutman. The Miles Group and Stanford University. 2013.
David F. Larcker, Allan McCall, Brian Tayan. Stanford Closer Look Series. 2013.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2013.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2013.
David F. Larcker, Ian D. Gow, Allan McCall, Brian Tayan. Stanford Closer Look Series. 2013.
David F. Larcker, Sarah M. Larcker, Brian Tayan. The Conference Board and Stanford University. October 2012.
David F. Larcker, Allan L. McCall , Brian Tayan. The Conference Board, NASDAQ, and Stanford University. March 2012.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2012.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2012.
David F. Larcker, Sarah M Larcker, Brian Tayan. Stanford Closer Look Series. 2012.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2012.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2012.
David F. Larcker, Allan McCall, Gaizka Ormazabal, Brian Tayan. Stanford Closer Look Series. 2012.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2012.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2012.
David F. Larcker, Stephen A. Miles. Heidrick & Struggles and Stanford University. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Allan McCall, Brian Tayan. Stanford Closer Look Series. 2011.
David F. Larcker, Stephen A. Miles. Heidrick & Struggles and Stanford University. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.
David F. Larcker, Brian Tayan. Stanford Closer Look Series. 2010.

Working Papers

Outsourcing Shareholder Voting to Proxy Advisory Firms | PDF
David F. Larcker, Allan McCall, Gaizka Ormazabal, June 2014
The Efficacy of Shareholder Voting: Evidence from Equity Compensation Plans | PDF
David F. Larcker, Christopher Armstrong, Ian Gow2012
The Relation Between Equity Incentives and Misreporting: The Role of Risk-Taking Incentives | PDF
David F. Larcker, Christopher Armstrong, Gaizka Ormazabal, Daniel Taylor2012
Boardroom Centrality and Stock Returns | PDF
David F. Larcker, Eric So, Charles Wang2010
Corporate Governance, Compensation Consultants, and CEO Pay Levels | PDF
David F. Larcker, Christopher Armstrong, Christopher Ittner2010
Detecting Deceptive Discussions in Conference Calls | PDF
David F. Larcker, Anastasia Zakolyukina2010
Endogenous Selection and Moral Hazard In Compensation Contracts | PDF
David F. Larcker, Christopher Armstrong, Che-Lin Su2010
Performance-Based Incentives for Internal Monitors | PDF
David F. Larcker, Christopher Armstrong, Alan Jagolinzer2010
The Market Reaction to Corporate Governance Regulation | PDF
David F. Larcker, Gaizka Ormazabal, Daniel Taylor2010
The Incentives for Tax Planning | PDF
David F. Larcker, Christopher Armstrong, Jennifer Blouin2009
The Stock Market's Pricing of Customer Satisfaction | PDF
David F. Larcker, Christopher Ittner, Daniel Taylor2009
Timing of Employee Stock Option Exercises and the Cost of Stock Option Grants | PDF
Chris Armstrong , Alan D. Jagolinzer , David F. Larcker, June 12007

Courses Taught

Degree Courses

2014-15

The course will examine the academic and professional controversies surrounding corporate governance and executive compensation. A basic framework will be developed to integrate the many important dimensions of corporate governance in the U.S....

This course is focused on helping students understand the role boards and board members play in corporate governance and the lives of businesses large and small. This case-driven course is designed to help students who plan to serve on boards as...

This course examines selected topics in accounting research. The course features four faculty who will each give a focused look at a given area, introduce students to important questions in that area, key papers in the related literature, and...

This course is elected as soon as a student is ready to begin research for the dissertation, usually shortly after admission to candidacy. To register, a student must obtain permission from the faculty member who is willing to supervise the...

Doctoral Practicum in Teaching

Doctoral Practicum in Research

2013-14

The course will examine the academic and professional controversies surrounding corporate governance and executive compensation. A basic framework will be developed to integrate the many important dimensions of corporate governance in the U.S....

This course is focused on helping students understand the role boards and board members play in corporate governance and the lives of businesses large and small. This case-driven course is designed to help students who plan to serve on boards as...

2012-13

This course is focused on helping students understand the role boards and board members play in corporate governance and the lives of businesses large and small. This case-driven course is designed to help students who plan to serve on boards as...

This course examines selected topics in accounting research. The course features four faculty who will each give a focused look at a given area, introduce students to important questions in that area, key papers in the related literature, and...

2010-11

This course examines selected topics in accounting research. The course features four faculty who will each give a focused look at a given area, introduce students to important questions in that area, key papers in the related literature, and...

Stanford Case Studies

Does the Composition of a Company’s Shareholder Base Really Matter? | CGRP42
Anne Beyer, David F. Larcker, Brian Tayan2014
Seven Myths of CEO Succession | CGRP39
David F. Larcker, Stephen A. Miles, Brian Tayan2014
Keller Williams Realty (B) | HR29B
James Baron, David Larcker, Brian Tayan2011
Baker Hughes, Foreign Corrupt Practices Act | CG18
David Larcker, Brian Tayan2010
Equity on Demand, The Netflix Approach to Compensation | CG19
David Larcker, Allan McCall, Brian Tayan2010
Pro Forma Earnings What's Wrong with GAAP? | CGRP09
David F. Larcker, Brian Tayan2010
Royal Dutch/Shell, A Shell Game with Oil Reserves (A) | CG17A
David Larcker, Robert Lawson, Brian Tayan2009
The Management of Berkshire Hathaway | CG16
David Larcker, Brian Tayan2009
Say on Pay, Does the Buck Stop Here? | CG12
David Larcker, Brian Tayan2008
10b5-1 Plans, Mortgaging a Defense Against Insider Trading | CG10
David Larcker, Brian Tayan2007
Shareholder Democracy, Does Gretchen Get It Right? | CG09
David Larcker, Brian Tayan2007

Stanford University Affiliations

Stanford GSB

Service to the Profession

Member

  • Accounting, Organization and Society, 1996-present
  • American Accounting Association
  • Journal of Accounting and Public Policy, 2002-present

Advisory Board

  • Journal of Applied Corporate Finance, 2004-present

Corporate Governance

  • Internal Governance, Organization, & Processes Abstracts Advisory Board
  • Corporate Governance Network, SSRN, 2009-present

In the Media

Washington Post, July 3, 2014
Crain's New York Business, June 15, 2014
The Wall Street Journal, June 13, 2014
BBC News, June 3, 2014
Forbes, June 11, 2009
Wall Street Journal, April 19, 2007
The Christian Science Monitor, February 4, 2007

Insights by Stanford Business

January 13, 2014
Two experts on corporate governance say the firms’ influence “may not be for the better, as far as shareholder value is concerned.”
September 20, 2013
David Larcker and Brian Tayan explain why building trust in an organization pays off.
July 31, 2013
Nearly two-thirds of CEOs do not receive outside leadership advice, but nearly all want it.
July 24, 2013
In their latest book, corporate governance experts assess which governance practices really work.
May 22, 2013
In grading CEO performance, financials still dominate.
May 16, 2013
Whether shareholders benefit depends more on context than on corporate structure.
October 25, 2012
A new study reveals a disconnect between companies' understanding of social media and the actions they are taking to apply it to their business.
June 1, 2011
Corporate governance experts from Stanford GSB say criticism of CEO pay might be off the mark.
May 19, 2011
"Corporate Governance Matters" by Professor David Larcker and Brian Tayan provides a practical framework for organizational decisions.
August 1, 2010
Researchers find that speech patterns and words offer clues about whether an executive is being honest during a conference call.
June 1, 2010
A new survey says more than half of companies today could not immediately name a successor to their CEO should the need arise.
September 1, 2009
Research casts doubt on the value and validity of the ratings of governance advisory firms.
April 1, 2008
A study shows that media clamor over high executive compensation makes virtually no difference in company behavior.

School News

July 1, 2011
Case studies explore governance challenges at top companies and myths surrounding board practices.
September 1, 2005
Three senior professors — in accounting, organizational behavior, and marketing — have joined the Stanford GSB faculty, along with six junior faculty.