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Photo of Kirschenheiter, Michael

Michael Kirschenheiter

Associate Professor

Department of Accounting


Building & Room:

UH 2331


601 S. Morgan St., Chicago, IL 60607

Office Phone:

(312) 996-2284

Related Sites:



  • Associate Professor, Purdue University, Krannert School of Management, 2004-2007
  • Assistant & Associate Professor, Columbia University, 1992-2004
  • Lecturer, Northwestern University, 1989-1992

Classes Taught

  • Financial and Managerial Accounting
  • Financial Statement Analysis and Valuation

Research Interests

  • Disclosure Theory
  • Auditing and Optimal Reporting policy choices by managers from both a valuation perspective and a stewardship perspective

Selected Publications

  • A Model of Auditing Under Bright-Line Accounting Standards” , Journal of Accounting, Auditing and Finance, 2004 (with Dennis Caplan)
  • “Model of Outsourcing and Audit Risk for Internal Audit Services”, Contemporary Accounting Research, Volume 17, Fall 2000 (with Dennis Caplan)
  • “Optimal Contracting, Accounting Standards and Market Structure”, Contemporary Accounting Research , Volume 16, Summer 1999
  • “The Aggregation and Valuation of Deferred Taxes”, The Review of Accounting Studies, June/September 2001 (with Eli Amir and Kristen Willard)
  • “The Valuation of Deferred Taxes”, Contemporary Accounting Research, Volume 14, Winter 1997 (with Eli Amir and Kristen Willard)
  • “Accounting for Employee Stock Options”, Accounting Horizons, 18, June 2004 (with Rohit Mathur and Jacob Thomas)
  • “Information Quality and Correlated Signals”, Journal of Accounting Research, 35, Spring 1997
  • “Can “Big Bath” and Earnings Smoothing Coexist as Equilibrium Financial Reporting Strategies?”, Journal of Accounting Research, 40, June 2002 (with Nahum Melumad)
  • “Discretionary Risk Disclosures”, The Accounting Review, 78, April 2003 (with Bjorn Jorgensen)

Notable Honors

2006, Winner of the Competitive Manuscript Competition for Research on Risk Measurement, KPMG & UIUC

1996, Bob Lear Service Award, Columbia Business School


PhD, Kellogg Graduate School of Management, Northwestern University 1994
MBA, Graduate School of Business, University of Chicago, 1981
MSc in Economics, London School of Economics and Political Science, 1980
BA, in Economics, University of Chicago, 1977