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

Elizabeth Blankespoor, Ed deHaan, Christina Zhu
Review of Accounting Studies. March
2018, Vol. 23, Issue 1, Pages 1-36

In 2014, the Associated Press (AP) began using algorithms to write articles about firms’ earnings announcements. These “robo-journalism” articles synthesize information from firms’ press releases, analyst reports, and stock performance...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative, March
2018

This Data Spotlight provides data and statistics on shareholder activism and the market for corporate control. This data supplements the issues introduced in the Quick Guides “The Market for...

William H. Beaver, Maureen McNichols, Zach Z. Wang
Review of Accounting Studies. March
2018, Vol. 23, Issue 1, Pages 95-135

This study examines the information content of quarterly earnings announcements, measured as the magnitude of stock price revision at earnings announcements relative to price revision at other times. We investigate...

Charles M. C. Lee, Stephen Teng Sun, Rongfei Wang, Ran Zhang
Journal of Financial Economics.
2018

Employing a classic measure of technological closeness between firms, we show that the returns of technology-linked firms have strong predictive power for focal firm returns.  A long-short strategy based on...

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)...