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Stephen Hillegeist

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Assoc Professor
Faculty, TEMPE Campus, Mailcode 3006
Associate Professor
Faculty, TEMPE Campus, Mailcode 3606
Assoc Professor
Faculty, TEMPE Campus, Mailcode 3606
Education

PhD — University of California at Berkeley, 1998

MS — University of California at Berkeley, 1997

BA — Princeton University, 1990

Research Interests
  • Market-Based Accounting Research
  • Effects of Accounting Regulatory Changes
  • Earnings Management and Debt Covenants
  • Voluntary Disclosure
  • Information Asymmetry
Publications
  • "Directors' and Officers' Legal Liability Insurance, Audit Pricing, and Litigation Risk" with Hyseesoo H. Chung and Jinyoung P. Wynn. Forthcoming, Journal of Accounting and Public Policy.
  • “The Incentives of Compensation Consultants and CEO Pay.” Journal of Accounting and Economics, vol. 49, No. 3 (April 2010), 263-280.
  • “The Effect of Earnings Surprises on Information Asymmetry,” Journal of Accounting and Economics, vol. 47, No. 3 (June 2009), 208-225.
  • “How Disclosure Quality Affects the Level of Information Asymmetry,” Review of Accounting Studies, vol. 12, No. 2-3 (September 2007), 443-477.
  • “Conference Calls and Information Asymmetry,” Journal of Accounting and Economics, vol. 37, No. 3 (August 2004), 343-366.
  • “Assessing the Probability of Bankruptcy,” Review of Accounting Studies, vol. 9, No. 1 (March 2004), 5-34.
  • “Financial Reporting and Auditing Under Alternative Damage Apportionment Rules,” The Accounting Review, vol. 74, No. 3 (July 1999), 347-369.
Research Activity
  • “Human Capital Risk and CEO Compensation” with Woo-Jin Chang and Rachel Hayes. Under fourth round review at Management Science.
  • “Earnings Management to avoid Debt Covenant Violations” with Scott Dyreng, Stephen Hillegeist, and Fernando Penalva. Revising for second round submission at Contemporary Accounting Research.
  • “Principles vs. Rules and the information environment: the case of SFAS 95” with Stephen Brown, Stephen Hillegeist, and Steven Orpurt.
  • “Competitive Pressure and Tax Avoidance” with Jenny Brown, Claudia Custodio, and Eugenia Yeh.
  • “Insider Trading at Loss Firms” with Lyungmae Choi and Lucile Faurel.
  • "Usefulness of Analyst Forecasts at Loss Firms" with Lyungmae Choi and Lucile Faurel.
Spring 2016
Course NumberCourse Title
ACC 503Managerial Accounting
Fall 2015
Course NumberCourse Title
ACC 503Managerial Accounting
Spring 2015
Course NumberCourse Title
ACC 503Managerial Accounting
Fall 2014
Course NumberCourse Title
ACC 503Managerial Accounting
ACC 799Dissertation
Spring 2014
Course NumberCourse Title
ACC 503Managerial Accounting
Fall 2013
Course NumberCourse Title
ACC 503Managerial Accounting
Spring 2013
Course NumberCourse Title
ACC 503Managerial Accounting
ACC 791Seminar
Work History
Arizona State University: 2010-present. INSEAD: 2005-2010 Northwestern University, Kellogg School of Management: 1998-2005
Consulting
  • Expert Witness for Private Litigation
  • INSEAD Interalpha Banking Programme