Beverly Walther
Beverly Walther

ACCOUNTING INFORMATION & MANAGEMENT
Professor of Accounting Information & Management

Print Overview

Beverly Walther is a Professor of Accounting Information and Management. Prior to joining Kellogg, Professor Walther worked for KPMG Peat Marwick.

Her research focuses on how accounting information is used by market participants. She has published articles in such journals as The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Journal of Financial Economics, and Review of Accounting Studies. She currently serves as Editor of The Accounting Review, and routinely referees for the leading accounting journals. Her current research interests are in the area of sell-side security analysts and managerial disclosures.

Professor Walther teaches Managerial Accounting. She was awarded the Sidney J. Levy Teaching Award in 1996, 2005, and 2011. She is a Certified Public Accountant and a Certified Management Accountant. She received her Ph.D. in Accounting from The University of Chicago.



Areas of Expertise
Cost Accounting
Financial Accounting
Financial Analysts
Financial Disclosure/Statements
  • Recent Media Coverage

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Print Vita
Education
PhD, 1996, Accounting, University of Chicago
MBA, 1990, Accounting, The Owen Graduate School of Management, Vanderbilt University
BS, 1990, Economics, Vanderbilt University, Cum Laude

Academic Positions
Professor, Kellogg School of Management, Northwestern University, 2009-present
Associate Professor (with tenure), Kellogg School of Management, Northwestern University, 2001-2009
Associate Professor (without tenure), Northwestern University, Kellogg School of Management, 1998-2001
Assistant Professor, Kellogg School of Management, Northwestern University, 1995-1998

Other Professional Experience
KPMG Peat Marwick, Tax Department, 1990

Grants and Awards
Sidney J. Levy Teaching Award, Kellogg School of Management, 2010-2011, 2004-2005, 1996-1997
Dean's Teaching Honor Roll, Kellogg School of Management, 1996-present
Oscar G. Mayer Fellowship, University of Chicago, 1994-1995
AAA Doctoral Consortium Fellow, AAA, 1993
Big Ten Doctoral Consortium Representative, Big Ten, 1992
University of Chicago Fellowship, University of Chicago, 1991-1994
Beta Gamma Sigma, Beta Gamma Sigma, 1991

Editorial Positions
Editor, The Accounting Review, 2008-Present
Editorial Board, The Accounting Review, 2002-2005

 
Print Research
Research Interests
Incorporation of accounting information in security prices; sell-side security analysts; managerial disclosures

Articles
Walther, Beverly and Richard Willis. 2013. Do Investor Expectations Affect Sell-Side Analysts' Forecast Bias and Forecast Accuracy?. Review of Accounting Studies. 18 (1): 207-227.
Lys, Thomas, Anne Beyer, Daniel Cohen and Beverly Walther. 2010. The Financial Reporting Environment: Review of the Recent Literature. Journal of Accounting and Economics. 50(2-3): 296-343.
Bonner, Sarah, Artur Hugon and Beverly Walther. 2007. Investor Reaction to Celebrity Analysts: The Case of Earnings Forecast Revisions. Journal of Accounting Research. 45(3): 481-513.
Mikhail, Michael, Beverly Walther and Richard Willis. 2007. When Security Analysts Talk, Who Listens?. Accounting Review. 82(5): 1227-1253.
Walther, Beverly. 2004. Discussion of: "Information Transparency and Coordination Failure: Theory and Experiment". Journal of Accounting Research. 42(2): 197-205.
Mikhail, Michael, Beverly Walther and Richard Willis. 2004. Earnings Surprises and the Cost of Equity Capital. Journal of Accounting, Auditing and Finance. 19(4)
Mikhail, Michael, Beverly Walther and Richard Willis. 2004. Do Security Analysts Exhibit Persistent Differences in Stock Picking Ability?. Journal of Financial Economics. 74(1): 67-91.
Bonner, Sarah, Beverly Walther and Susan Young. 2003. Sophistication-Related Differences in Investors’ Models of the Relative Accuracy of Analysts’ Forecast Revisions. Accounting Review. 78(3): 679-706.
Mikhail, Michael, Beverly Walther and Richard Willis. 2003. Security Analyst Experience and Post-Earnings Announcement Drift. Journal of Accounting, Auditing and Finance. 18(4): 529-550.
Mikhail, Michael, Beverly Walther and Richard Willis. 2003. Reactions to Dividend Changes Conditional On Earnings Quality. Journal of Accounting, Auditing and Finance. 18(1): 121-152.
Mikhail, Michael, Beverly Walther and Richard Willis. 2003. The Effect of Experience on Security Analyst Underreaction. Journal of Accounting and Economics. 35(1): 101-116.
Minton, Bernadette, Catherine Schrand and Beverly Walther. 2002. The Role of Volatility in Forecasting. Review of Accounting Studies. 7(2-3): 195-215.
Soffer, Leonard, S. Ramu Thiagarajan and Beverly Walther. 2000. Earnings Preannouncements. Investor Relations Quarterly. 3(3)
Schrand, Catherine and Beverly Walther. 2000. Strategic Benchmarks in Earnings Announcements: The Selective Disclosure of Prior-Period Earnings Components. Accounting Review. 75(2): 151-177.
Soffer, Leonard, S. Ramu Thiagarajan and Beverly Walther. 2000. Earnings Preannouncement Strategies. Review of Accounting Studies. 5(1): 5-26.
Mikhail, Michael, Beverly Walther and Richard Willis. 1999. Does Forecast Accuracy Matter to Security Analysts?. Accounting Review. 74(2): 185-200.
Mikhail, Michael, Beverly Walther and Richard Willis. 1997. Do Security Analysts Improve Their Performance with Experience?. Journal of Accounting Research. 35: 131-157.
Walther, Beverly. 1997. Investor Sophistication and Market Earnings Expectations. Journal of Accounting Research. 35(2): 157-179.
Penno, Mark and Beverly Walther. 1996. The Concentration of Local Markets: A Study of Accounting, Advertising, and Law. Accounting Horizons. 10(2): 88-99.

 
Print Teaching
Teaching Interests
Managerial accounting; capital markets research in accounting
Full-Time / Part-Time MBA
Managerial Accounting (ACCT-431-0)

This course counts toward the following major: Accounting

This course emphasizes the use of accounting data in internal management planning and control. It is concerned with accounting techniques that affect decisions about resource allocation and performance evaluation within a firm. The course covers the basic vocabulary and mechanics of cost accounting as well as the economic basis for managerial accounting techniques and the problems that should be anticipated in their use.

Executive MBA
Accounting for Management Planning & Control (ACCTX-431-0)
Accounting for Management Planning and Control details the use of financial information in management. Topics include profitability and performance measurement and activity-based management and decision support.

Accounting for Mgmt Plan & Cntl Retake (ACCTX-431-R)
Course created to capture retake grades for students who did not pass the course on their first attempt.