Stefan J. Reichelstein

Professor Emeritus, Accounting
+1 (650) 736-1129

Stefan J. Reichelstein

The William R. Timken Professor of Accounting, Emeritus

Senior Fellow, Stanford Institute for Economic Policy Research
Senior Fellow, Precourt Institute for Energy
Academic Area:

Additional Administrative Titles

Faculty Research Director, Steyer-Taylor Center for Energy Policy and Finance
Faculty Director, Energy Business Innovations (EBI)

Research Statement

Stefan Reichelstein is known internationally for his research on the interface of management accounting and economics. Much of his work has addressed issues in cost- and profitability analysis, decentralization, internal pricing and performance measurement. His research projects have spanned analytical models, empirical work and field studies. Reichelstein’s papers have been published consistently in leading management and economic journals. Insights from his research have been applied by a range of corporations and government agencies. In recent years, Reichelstein has also studied the cost competitiveness of low-carbon energy solutions, with a particular focus on solar PV and carbon capture by fossil fuel power plants.


Stefan Reichelstein received his Ph.D. from the Kellogg School of Management at Northwestern University in 1984. Prior to that, he completed his undergraduate studies in economics at the University of Bonn in Germany. Over the past 30 years, Reichelstein has served on the faculties of the Haas School of Business at UC Berkeley, the University of Vienna in Austria, and the Stanford Graduate School of Business. His teaching has spanned financial and managerial accounting courses offered to undergraduate, MBA, and doctoral students. In recent years, he has introduced new courses on Sustainability and Clean Energy at the Stanford Business School. Reichelstein’s research has been supported by the National Science Foundation and a range of private foundations; several of his papers have won “Best-Paper” awards. Reichelstein serves on the editorial boards of several journals; he is also currently an editor of the Review of Accounting Studies and Foundations and Trends in Accounting. Until 2010, he served as the Department Editor for Accounting at Management Science. Professor Reichelstein has been a consultant to select companies and non-profit organizations. He has received honorary doctorates from the Universities of Fribourg (2008) and Mannheim (2011). In 2007, Reichelstein was appointed a Honorar-Professor at the University of Vienna.

Academic Degrees

  • PhD, Northwestern University, 1984
  • MS, Northwestern University, 1980
  • Pre-Diploma, University of Bonn, Germany, 1978

Academic Appointments

  • Director, Mannheim Institute for Sustainable Energy 2018–present
  • Professor Emeritus (active), Stanford GSB, 2018–present
  • Professor, Stanford GSB, 2002–2018
  • Professor, Haas School of Business, UC Berkeley, 1993–2001
  • Associate Professor, Haas School of Business, UC Berkeley, 1990–1993
  • Assistant – Associate Professor, Stanford GSB, 1986–1990
  • Assistant Professor, Haas School of Business, UC Berkeley, 1982–1986

Awards and Honors

  • Graduate School of Business Trust Faculty Fellow for 2014-2015


Journal Articles

Working Papers

Stanford Case Studies

Conferences, Talks & Speaking Engagements

Stefan Reichelstein predicts a bright future for the solar voltaic industry if US government subsidies continue.

Stanford GSB Affiliations

  • Faculty Director Sustainable Energy Initiative (SEI) 2015-2018

Stanford University Affiliations

  • Senior Fellow Stanford Institute for Economic Policy Research (SIEPR)

Insights by Stanford Business

School News