Kevin Smith

Kevin Smith
Assistant Professor, Accounting
Contact Info
Academic Area: 

Research Interests

  • Disclosure
  • Asset Pricing
  • Derivative Markets


Kevin Smith completed his Ph.D. in accounting at University of Pennsylvania’s Wharton School of Business in 2018. Prior to starting his Ph.D., he earned bachelors degrees in accounting, economics, finance, and mathematics at the University of Maryland College Park.
Professor Smith’s research focuses on how the diversity of information that investors possess influences their trading patterns and market prices. His recent work examines how the properties of firms’ accounting policies influence derivative prices, and the role played by derivative markets when investors speculate on macroeconomic risk.

Academic Degrees

  • PhD, Accounting, University of Pennsylvania, The Wharton School, 2018
  • BS, Accounting, Economics, Finance, Mathematics, University of Maryland College Park, 2013


Journal Articles

Kevin Smith. Review of Financial Studies. October 2019, Vol. 32, Issue 10, Pages 4042-4078.
Mirko C. Heinle, Kevin Smith, Robert E. Verrecchia. The Accounting Review. March 2018, Vol. 93, Issue 2, Pages 191-208.
Kevin Smith, Mirko S. Heinle. Review of Accounting Studies. December 2017, Vol. 22, Issue 4, Pages 1459-1491.

Working Papers

Measuring Risk Information | PDF
Kevin Smith, Eric C. So, January 2020
Constrained Listening, Audience Alignment, and Expert Communication | PDF
Kevin Smith, Mirko S. Heinle, Paul E. Fischer, November 92017


Degree Courses


This course provides a broad overview of the economic theories of corporate disclosure, with a focus on the effects that these disclosures have on financial markets. The range of topics we will study include: voluntary disclosure, earnings...


Financial accounting is the measurement of economic activity for decision-making. The objective of this course is not to train you to become an accountant but rather to help you develop into an informed user of financial statement information....

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