Accounting Information & Management

  • Prof. Thomas Lys
    Thomas Lys
    Eric Kohler Chair of Accounting Thomas Lys Photo © Nathan Mandell

Events of the last several years have taught everyone how important accounting is to the proper functioning of capital markets, as well as to the proper governance of corporations. Business leaders with a solid understanding of accounting are more effective as analysts, investors, creditors, senior managers, in short, all areas concerned with judging a firm's performance.  more...

Kellogg Insight presents articles on Accounting

The Economic Case for Soaring CEO Pay
A new study suggests a method in the madness
Based on the research of Anup Srivastava
A new study suggests a method in the madness: In a recent paper, Anup Srivastava found that increases in executive compensation extra pay can be at least partly explained by the increasing importance of executives’ ability to predict future risks to the firm.

Will Work for Stock Options
A $1 CEO salary can signal confidence—or danger
Based on the research of Sophia J. W. Hamm , Michael J. Jung And Clare Wang
A $1 CEO salary can signal confidence—or danger: The $1 CEO salary has become increasingly common since the 1980s, especially among executives of highly visible firms. The authors find that it can suggest either strength or weakness within a company—and that the executives most likely to be applauded for taking a $1 salary are also, ironically, the least likely to succeed.

Pinpointing the Value in CSR
The unexpected link between CSR spending and financial performance
by Thomas Lys , James Naughton And Clare Wang
The unexpected link between CSR spending and financial performance: Does CSR increase shareholder value? Recent research finds that expenditures in corporate social responsibility activities reduce shareholder value, on average, even though these expenditures are associated with positive stock returns. This apparent inconsistency suggests that executives should reexamine the conventional wisdom on CSR initiatives.

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Upcoming Events

  • Luzi Hail

    Accounting Information and Management Seminar

    Apr 30, 2014, 1:30 PM

  • Shyam Sunder

    Accounting Information and Management Seminar

    May 07, 2014, 1:30 PM

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