Stefan J Reichelstein

William R. Timken Professor of Accounting

Senior Fellow, Woods Institute for the Environment

Faculty Research Director, Steyer-Taylor Center for Energy Policy and Finance

Phone: (650) 736-1129


Personal Homepage:

CV: ReichelsteinCV

Academic Areas: Accounting

Stefan Reichelstein is known internationally for his research on the interface of management accounting and economics. Much of his work has addressed issues in cost- and profitability analysis, decentralization, internal pricing and performance measurement. His research projects have spanned both analytical models and field studies. Reichelstein’s papers been published consistently in leading accounting and economics journals. Insights from his research have been applied by a range of corporations and government agencies. In recent years, Reichelstein has also studied the cost of reducing carbon emissions and the cost competitiveness of different energy sources. In 2011, he joined the Woods Institute for the Environment at Stanford as a Senior Fellow.


Stefan Reichelstein received his Ph.D. from the Kellogg School of Management at Northwestern University in 1984. Prior to that, he completed his undergraduate studies in economics at the University of Bonn in Germany. Over the past 30 years, Reichelstein has served on the faculties of the Haas School of Business at UC Berkeley and the University of Vienna in Austria. His teaching has spanned financial and managerial accounting courses offered to undergraduate, MBA, and doctoral students. In recent years, he has introduced new courses on Sustainability and Clean Energy at Stanford. Reichelstein’s research has been supported by the National Science Foundation and private foundations; several of his papers have won “Best-Paper” awards.
Reichelstein serves on the editorial boards of several journals; he is also currently an editor of the Review of Accounting Studies and Foundations and Trends in Accounting. Until 2010, he served as the Department Editor for Accounting at Management Science. Professor Reichelstein has been a consultant to select companies and non-profit organizations. He has received honorary doctorates from the Universities of Fribourg (2008) and Mannheim (2011). In 2007, he was appointed an honorary professor at the University of Vienna.

Academic Degrees

PhD, Northwestern Univ., MS, 1980, 1984, Pre-Diploma, Univ. of Bonn, 1978.

Professional Experience

At Stanford 1986-90 and since 2001. Prof., Haas School of Business, Univ. of California, Berkeley, 1993-2001,Assoc. Prof., 1990-93, . Asst.-Assoc. Prof., Graduate School of Business, Stanford Univ., 1986-90; Asst. Prof., Haas School of Business, Univ. of California, Berkeley,, 1982-86;

Working Papers

  • 2041: Dynamics of Rate-of-Return Regulation
  • 1873: Stock Price, Earnings and Book Value in Managerial Performance Measures
  • 1825R: External and Internal Pricing in Multidivisional Firms
  • 1886: Accrual Accounting for Performance Evaluation
  • 1956: Conservatism, Growth, and Return on Investment
  • 2033R: Carbon Capture by Fossil Fuel Power Plants: An Economic Analysis
  • 2042R: Stability Properties of the Rate-of-Return Regulation Process
  • 1722: Controlling Investment Decisions: Depreciation and Capital Charges
  • 1756: Leading Indicator Variables, Performance Measurement and Long-Term versus Short-Term Contracts

Selected Cases

  • BE17: REI's Solar Energy Program
  • SM196: Environmental Sustainability at REI
  • A170: Sub-Micron Devices Inc
  • A190: Transfer Pricing At Timken

Courses Taught

  • ACCT 212: Managerial Accounting: Base
  • ACCT 609: Financial Reporting and Management Control
  • GSBGEN 532: Cleantech: Business Fundamentals and Public Policy