Matt Lyle is an Associate 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 equity 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 asset returns, and how firm fundamentals can be used to trade stock return volatility and optimize portfolios.

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.

Accounting-based valuation, information quality, disclosure, accounting-based investing

• 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

• 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

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

• Best Paper Prize, Northern Finance Association
• AAA/Grant Thornton Doctoral Dissertation Award
• Doctoral Award, Canadian Securities Institute Research Foundation
• AAA/Deloitte/J. Michael Cook Doctoral Consortium Fellow
• Peter J. Irvine Scholarship, 2010&2011

• Editor, Contemporary Accounting Research, 2020
• Editorial Board, Accounting Review, 2020
• Editorial Board, Contemporary Accounting Research, 2017
• Referee, Journal of Accounting and Economics, 2016
• Referee, Review of Financial Studies, 2016
• Referee, Journal of Financial Reporting, 2016
• Referee, Journal of Accounting Research, 2015
• Referee, Management Science, 2015
• Referee, Review of Accounting Studies, 2015
• Referee, Accounting Review, 2014
• Referee, Contemporary Accounting Research, 2013

Managerial Accounting (ACCT-431-0)
This course covers firms' internal accounting systems and the information used within organizations for decision-making. It is essential for those students who plan to obtain a management role, work in consulting, or start their own company. The course is organized around the extensive uses of these internal accounting data. The course first covers the fundamentals of assessing the cost of producing a product, providing a service, or servicing a customer. It then moves to addressing issues, such as overhead allocation and shared costs, that can have significant effects on the calculation of product- and divisional-level profitability and managerial decision-making. In the second half of the course, forecasting and monitoring of results are covered, including a discussion of performance evaluation and transfer pricing issues surrounding the location of people and operations. The course is a combination of lecture and case-based discussions, with group cases and an individual in-class midterm and final exam.