Steven J. Kachelmeier is the Thomas O. Hicks Endowed Chair [1] at the McCombs School of Business, The University of Texas at Austin. [2] His research applies methods of experimental economics to issues in auditing, management accounting, and financial reporting.
Kachelmeier received his B.B.A. from the University of New Mexico and Ph.D. from the University of Florida.
He began teaching at the University of Texas at Austin in 1988. His research and teaching interests include financial accounting, auditing, and experimental economics.
Kachelmeier has held the C.T. Zlatkovich Centennial Professor Chair (2003 – 2009), the Randal B. McDonald Chair (2009 – 2022) and the Thomas O. Hooks chair (2022- present) at the same university.
In 2022 he was named chair of the Accounting Department at the McCombs School of Business. [3]
He was editor of The Accounting Review from 2008-2011. [4] [5]
Goodhart's law is an adage often stated as, "When a measure becomes a target, it ceases to be a good measure". It is named after British economist Charles Goodhart, who is credited with expressing the core idea of the adage in a 1975 article on monetary policy in the United Kingdom:
Any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes.
In general, incentives are anything that persuade a person or organization to alter their behavior to produce the desired outcome. The laws of economists and of behavior state that higher incentives amount to greater levels of effort and therefore higher levels of performance. For comparison, a disincentive is something that discourages from certain actions.
Managerial economics is a branch of economics involving the application of economic methods in the organizational decision-making process. Economics is the study of the production, distribution, and consumption of goods and services. Managerial economics involves the use of economic theories and principles to make decisions regarding the allocation of scarce resources. It guides managers in making decisions relating to the company's customers, competitors, suppliers, and internal operations.
Andrew B. Whinston is an American economist and computer scientist. He serves as the Hugh Roy Cullen Centennial Chair in Business Administration. He also works as a Professor of Information Systems, Computer Science and Economics, and Director of the Center for Research in Electronic Commerce (CREC) in the McCombs School of Business at the University of Texas at Austin.
Personnel economics has been defined as "the application of economic and mathematical approaches and econometric and statistical methods to traditional questions in human resources management". It is an area of applied micro labor economics, but there are a few key distinctions. One distinction, not always clearcut, is that studies in personnel economics deal with the personnel management within firms, and thus internal labor markets, while those in labor economics deal with labor markets as such, whether external or internal. In addition, personnel economics deals with issues related to both managerial-supervisory and non-supervisory workers.
The public goods game is a standard of experimental economics. In the basic game, subjects secretly choose how many of their private tokens to put into a public pot. The tokens in this pot are multiplied by a factor and this "public good" payoff is evenly divided among players. Each subject also keeps the tokens they do not contribute.
The McCombs School of Business is a business school at The University of Texas at Austin, a public research university in Austin, Texas. In addition to the main campus in Downtown Austin, McCombs offers classes outside Central Texas in Dallas, and Houston. The McCombs School of Business offers undergraduate, master's, and doctoral programs for their average 13,000 students each year, adding to its 98,648 member alumni base from a variety of business fields. In addition to traditional classroom degree programs, McCombs is home to 14 collaborative research centers, the international business plan competition: Venture Labs Investment Competition, and executive education programs.
John August List is an American economist known for his work in establishing field experiments as a tool in empirical economic analysis. Since 2016, he has served as the Kenneth C. Griffin Distinguished Service Professor of Economics at the University of Chicago, where he was Chairman of the Department of Economics from 2012 to 2018. Since 2016, he has also served as Visiting Robert F. Hartsook Chair in Fundraising at the Lilly Family School of Philanthropy at Indiana University. In 2011, List was elected to the American Academy of Arts and Sciences, and in 2011, he was elected a Fellow of the Econometric Society.
Sheridan Dean Titman is a professor of finance at the University of Texas at Austin, where he holds the McAllister Centennial Chair in Financial Services at the McCombs School of Business. He received a B.S. degree (1975) from the University of Colorado and an M.S. (1978) and Ph.D. (1981) from Carnegie Mellon University.
Jeffrey D. Gramlich is a professor of accounting, a Howard D. and B. Phyllis Hoops Endowed Chair in Accounting, and a director of the Hoops Institute of Taxation Research and Policy at Washington State University (WSU). Previously, Gramlich served as the L.L. Bean/Lee Surace Endowed Chair at the University of Southern Maine. He has been a guest professor at Copenhagen Business School on several occasions. Earlier in his academic career he was a professor at the University of Hawaii's Shidler College of Business Administration.
The Accounting Review is a bimonthly peer-reviewed academic journal published by the American Accounting Association (AAA) that covers accounting with a scope encompassing any accounting-related subject and any research methodology. The Accounting Review is one of the oldest accounting journals, and recent studies considered it to be one of the leading academic journals in accounting.
Lisa Koonce is the Deloitte and Touche endowed chair in accounting at the McCombs School of Business, University of Texas at Austin. Koonce is particularly notable for her research contributions to decision-making processes in financial accounting and auditing.
William Wager Cooper was an American operations researcher, known as a father of management science and as "Mr. Linear Programming". He was the founding president of The Institute of Management Sciences, founding editor-in-chief of Auditing: A Journal of Practice and Theory, a founding faculty member of the Graduate School of Industrial Administration at the Carnegie Institute of Technology, founding dean of the School of Urban and Public Affairs at CMU, the former Arthur Lowes Dickinson Professor of Accounting at Harvard University, and the Foster Parker Professor Emeritus of Management, Finance and Accounting at the University of Texas at Austin.
Shyam Sunder is an accounting theorist and experimental economist. He is the James L. Frank Professor of accounting, economics, and finance at the Yale School of Management; a professor in Yale University’s Department of Economics; and a Fellow of the Whitney Humanities Center.
Sérgio T. Rebelo is a Portuguese economist who is the current MUFG Bank Distinguished Professor of International Finance at the Kellogg School of Management in Illinois, United States. He is also a co-director of the Center for International Macroeconomics at Northwestern University.
Shane S. Dikolli is an Australian accountant who is an Associate Professor of Accounting at University of Virginia's Darden School of Business. He was ranked 4th overall and 1st in accounting in Bloomberg Businessweek Most Popular Business School Professors Among Top 30 Business Schools Rankings. Dikolli was also named Professor of the Week by the Financial Times in August 2011.
The Society for Financial Studies (SFS) is a nonprofit, academic society in the field of finance. It owns and runs three academic journals: (1) the Review of Financial Studies, (2) the Review of Asset Pricing Studies, and (3) the Review of Corporate Finance Studies. It organizes the SFS Cavalcade North America and the SFS Cavalcade Asia-Pacific, which are annual academic conferences. It financially supports and co-sponsors many independent finance academic conferences. Its governing board is the SFS Council.
John Morgan was the Oliver E. Williamson and Dolores J. Williamson Chair in the Economics of Organizations at the University of California, Berkeley.
Lillian F. Mills is an American accountant and the first female dean of the University of Texas at Austin’s McCombs School of Business.