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

David F. Larcker, Brian Tayan
Core Concepts Series. Corporate Governance Research Initiative, June
2019

A roadmap to understanding the fundamental concepts of corporate governance based on theory, empirical research, and data. This guide will take an in-depth look at shareholders and activism.

David F. Larcker, Stephen A. Miles, Brian Tayan, Kim Wright-Violich
Corporate Board. June
2019, Vol. 40, Issue 236, Pages 1-5

The article focuses on the practice of chief executive officers (CEO) taking public positions on issues not directly related to their business, also known as CEO activism. Topics covered include...

Stanford Closer Look|
Brandon Boze, Margarita Krivitski, David F. Larcker, Brian Tayan, Eva Zlotnicka
Stanford Closer Look Series. Corporate Governance Research Initiative, May
2019

Recently, there has been debate among corporate managers, board of directors, and institutional investors around how best to incorporate ESG (environmental, social, and governance) factors into strategic and investment decision-making...

Stephen D. Comello, Stefan J. Reichelstein
Nature Communications. May
2019

Energy storage will be key to overcoming the intermittency and variability of renewable energy sources. Here, we propose a metric for the cost of energy storage and for identifying optimally...

Research Spotlight|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. March
2019

This Research Spotlight provides a summary of the academic literature on how dual-class share structures influence firm value and corporate governance quality. It reviews the evidence of:

  • The relation
  • ...