Accounting

The accounting area is preeminent in research and teaching related to the dissemination and use of information in markets and within firms.

Faculty affiliated with the area are worldwide leaders in scholarship and in their contributions to accounting pedagogy. They also help shape accounting practices in the United States and elsewhere as a result of their influence in the standard-setting process.

Research by the accounting faculty draws on economics, finance, and statistics and employs analytical and empirical methodologies to study issues such as:

  • The pricing of securities in capital markets, with a focus on the role of financial reporting and information intermediaries.
  • The design of performance measurement and incentive systems.
  • Best practices in corporate governance and executive compensation.

Faculty in the area teach in the MBA, Stanford MSx, Executive Education, and PhD programs, with courses focusing on two broad areas: financial reporting and management control. Beyond the core MBA classes, a wide variety of electives cover topics in global financial reporting, financial statement analysis, and accounting-based valuation techniques.

Recent Publications in Accounting

Mary E. Barth, Javier Gomez-Biscarri, Ron Kasznik, Germán López-Espinosa
Review of Accounting Studies. December
2017, Vol. 22, Issue 4, Pages 1761-1792

Based on a large sample of publicly listed and non-listed US commercial banks from 1996 to 2011, we find robust evidence consistent with banks using realized available for sale (AFS)...

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, December
2017

In this Closer Look, we examine the roles that leadership and culture play in contributing to chronic misbehavior and the manner in which it takes root in an organization. We...

Peter R. Joos, Joseph D. Piotroski
Review of Accounting Studies . December
2017, Vol. 22, Issue 4, Pages 1492-1540

We document that the relative placement of analysts’ target price within their subjective distribution of scenario-based valuations for the covered firm (i.e., tilt) is informative to investors. When analysts forecast...

David F. Larcker, Peter C. Reiss, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, November
2017

The board of directors is expected to ensure that management has identified and developed processes to mitigate risks facing the organization, including risks arising from data theft and the loss...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative, November
2017

This Research Spotlight provides a summary of the academic literature on shareholder activism, including:

  • The impact of union activism on corporate outcomes.
  • The performance of socially responsible investment funds.
  • ...