Doctoral students are expected to develop a firm grasp of the basic tools of economics, finance, and econometrics. Required coursework includes subjects in micro economic theory and econometrics taught by faculty in the Department of Economics and subjects in financial and managerial accounting, and finance theory taught by Sloan faculty. Students and faculty meet regularly in a seminar to discuss recent accounting research.
Doctoral students work closely with the faculty to conduct original research.
Ongoing studies include the interaction between stock prices and earnings, the effect of incentive compensation and lending covenants on companies' choices of financial accounting policies, how security analysts use accounting information, the relationship between accounting and corporate financial decisions, and the post-merger performance of merged firms. Kothari Michael B. Mikhail George Plesko Jowell Sabino Joseph Weber Financial Economics Financial Economics is the study of markets for real and financial assets. The past two decades have witnessed an unprecedented series of theoretical and empirical advances in our understanding of these markets, with major breakthroughs in portfolio theory, capital asset pricing under uncertainty, valuation of options, response of security prices to new information, and corporate financial behavior. The practical implications of these breakthroughs, commonly known as modern financial theory, are widely recognized and implemented by Wall Street and corporate practitioners. The doctoral program provides students with an understanding of the theory on which the field is based and the tools they need to conduct theoretical and applied research in it.