Matthew Lyle
Matthew Lyle

ACCOUNTING INFORMATION & MANAGEMENT
Donald P. Jacobs Scholar
Assistant Professor of Accounting Information & Management

Print Overview

Matt Lyle is an Assistant professor in the Accounting Information and Management department. His research focuses on the impact that accounting information has on the valuation of traded assets such as equities and derivative contracts. He and his co-authors have examined how and why accounting variables predict stock returns over time, how the quality of accounting information affects the returns of holding option contracts, and how firm fundamentals impact stock return volatility.

Matt holds a PhD in Management from the University of Toronto and a MSc. and PhD in Mathematical Finance from the University of Calgary. His non-academic experience includes working as a quantitative trading associate on an energy trading floor and as a design engineer.



Print Vita
Education
Ph.D, 2013, Accounting, Rotman School of Management, University of Toronto
Ph.D, 2009, Finance/Mathematical Finance, Haskayne School of Business, University of Calgary
M.Sc, 2007, Applied Mathematics/Mathematical Finance, University of Calgary
B.Sc, 2006, Applied Mathematics, University of Calgary
B.Sc, 2003, Electrical Engineering, University of Alberta

Academic Positions
Lawrence Revsine Research Fellow, Kellogg School of Management, Northwestern University, 2014-present
Assistant Professor, Kellogg School of Management, Northwestern University, 2013-present
Donald P. Jacobs Scholar, Kellogg School of Management, Northwestern University, 2013-2014

Other Professional Experience
Quantitative Associate/NSERC Researcher, Direct Energy, 2007-2009
Design Engineer, Skyreach Communications, 2003-2004

Grants and Awards
AAA/Grant Thornton Doctoral Dissertation Award, 2012
Doctoral Award, 2012, Canadian Securities Institute Research Foundation
AAA/Deloitte/J. Michael Cook Doctoral Consortium Fellow 2011
Peter J. Irvine Scholarship, 2010&2011
NSERC (Doctoral) Scholarship, 2007-2009

Editorial Positions
Ad-hoc Reviewer, Accounting Review, 2014
Ad-hoc Reviewer, Contemporary Accounting Research, 2013

Print Research
Research Interests
Accounting-based valuation, information quality, disclosure, accounting-based risk forecasting, and cost of capital

Articles
Lyle, Matthew and Charles Wang. Forthcoming. The Cross Section of Expected Holding Period Returns and Their Dynamics: A Present Value Approach. Journal of Financial Economics.
Lyle, Matthew, J. L. Callen and R. J. Elliott. 2013. Dynamic Risk, Accounting/Based Valuation, and Firm Fundamentals. Review of Accounting Studies. 18(4)
Elliott, R. J., H Miao and Matthew Lyle. 2010. A Model for Energy Pricing with Stochastic Emission Costs. Energy Economics. 32(4)
Lyle, Matthew and R. J. Elliott. 2009. A 'Simple' Hybrid Model for Power Derivatives. Energy Economics. 31(5)
Working Papers
Lyle, Matthew and J. L. Callen. 2014. The Term Structure of the Implied Costs of Equity Capital.
Lyle, Matthew. 2014. How Does Information Quality Affect Option Returns.
Lyle, Matthew and Stephannie Larocque. 2013. Implied cost of equity capital estimates as predictors of accounting returns.

 
Print Teaching
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.