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

Jinhwan Kim, Rodrigo S. Verdi, Benjamin P. Yost
Journal of Accounting Research. December
2020, Vol. 58, Issue 5, Pages 1249–1297

We investigate whether managers internalize the spillover effects of their disclosure on the stock price of related firms and strategically alter their disclosure decisions when doing so is beneficial. Using...

Andrew C. Baker, David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, November
2020

Environmental costs are a legal obligation of companies and proper corporate governance requires that they be dealt with responsibly. Unfortunately, disturbing examples exist where companies have taken aggressive action to...

Felipe Varas, Iván Marinovic, Andrzej Skrzypacz
Review of Economic Studies. November
2020, Vol. 87, Issue 6

We study the design of monitoring in dynamic settings with moral hazard. An agent (e.g. a firm) benefits from reputation for quality, and a principal (e.g. a regulator) can learn...

Travis L. Johnson, Jinhwan Kim, Eric C. So
The Review of Financial Studies. October
2020, Vol. 33, Issue 10, Pages 4580–4626

We establish a link between firms managing investors’ performance expectations, earnings announcement premiums, and cyclical patterns (i.e., seasonalities) in returns. Firms that are more likely to manage expectations toward beatable...

Brandon Gipper, Christian Leuz, Mark Maffett
The Review of Financial Studies. October
2020, Vol. 33, Issue 10, Pages 4532–4579

This paper studies the impact of public audit oversight on financial reporting credibility. We analyze changes in market responses to earnings news after public audit oversight is introduced, exploiting that...

Faculty in Accounting

Professor Emerita
Professor Emeritus
Associate Professor
Assistant Professor
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Associate Professor
Professor
Assistant Professor
Assistant Professor
Professor Emeritus
Professor
Associate Professor
Associate Professor
Professor
Assistant Professor
Professor Emeritus
Assistant Professor
Adjunct Professor