Faculty Directory

Phillip C. Stocken

Jack Byrne Professor of Accounting; Area Chair, Accounting





Personal Website



PhD, Pennsylvania State University, 1998; MCom, University of the Witwatersrand, 1995; BCom (Hons) (first class), University of the Witwatersrand, 1988; Chartered Accountant (SA)

Areas of Expertise

Theoretical analysis of accounting and auditing issues


Phil Stocken specializes in accounting and business analysis. He teaches accounting and financial management, analysis, and reporting in both executive education programs and MBA classes. He is highly skilled at conveying the essential information in financial statements and financial statement analysis to audiences with varying levels of financial experience and understanding.

Current Research Topics

  • Accounting valuation rules
  • Credible communication of information
  • Earnings management
  • Corporate governance
  • Voluntary disclosure

Professional Activities

Academic positions

  • Dartmouth College, Associate Dean for the MBA Program, July 2013–2015
  • Tuck School of Business, 2003–present
  • Assistant Professor of Accounting, The Wharton School, University of Pennsylvania, 1997–2003

Nonacademic positions

  • Assistant Audit Manager, Ernst & Young, 1989–91

Board memberships

  • Director, West Central Behavioral Health, 2011–present

Editorial positions

  • Co-Editor: The Accounting Review
  • Editorial Board: The Accounting Review: 2005–2011, Review of Accounting Studies: 2003–2013
  • Reviewer for the National Science Foundation
  • Ad Hoc Reviewer: American Economic Review; The Accounting Review; Auditing: A Journal of Practice & Theory; Contemporary Accounting Research; Economic Journal; The European Accounting Review; Journal of Accounting & Economics; Journal of Accounting Research; Journal of Economics and Management Strategy; Journal of Economic Theory; Journal of the European Economic Association; Journal of Finance; Games and Economic Behavior; Journal of Law, Economics, & Organization; Management Science; RAND Journal of Economics; Review of Accounting Studies; Review of Economic Studies; Review of Financial Studies


  • Tuck Class of 2011 Award for Excellence in Teaching, 2011 (inaugural award)
  • Wharton School Graduate Division Miller-Sherrerd MBA Core Teaching Award 2003, 2002
  • Wharton Graduate Association Teaching Award, 2001
  • Wharton Graduate Association MBA Core Curriculum Teaching Award, 2000, 1999

Working Papers

  • With V. Laux, “Accounting Standards, Regulatory Enforcement, and Investment Decisions,” April 2013
  • With R. Sansing, “Corporate Governance in a Competitive Environment,” September 2011
  • With A. Hutton, “Prior Forecasting Accuracy and Investor Reaction to Management Earnings Forecasts,” December 2010

Selected Publications

  • With L. Robinson, “Location of Decision-Rights within Multinational Firms.” Journal of Accounting of Research, Volume 51, Issue 5, December 2013
  • With P. Hummel and J. Morgan, “A Model of Flops.” RAND Journal of Economics, Vol. 44, No. 4, Winter 2013
  • With V. Laux, "Managerial Reporting, Overoptimism, and Litigation Risk," Journal of Accounting and Economics, 53(3), June 2012
  • With P.E. Fischer, "Communicating in the Presence of Another Information Source," Accounting Review, 85(6), November 2010
  • With J. Morgan, "Information Aggregation in Polls," American Economic Review, 98(3), 2008
  • With R. Reis, "Strategic Consequences of Historical Cost and Fair Value Measurements," Contemporary Accounting Research, 24(2), 2007
  • With J.L. Rogers, "Credibility of Management Forecasts," Accounting Review, 80(4), 2005
  • With P.E. Fischer, "Effect of Speculation on Earnings Management and Investor Information," Journal of Accounting Research, 42(5), 2004
  • With R.E. Verrecchia, "Financial Reporting System Choice and Disclosure Management," Accounting Review, 79(4), 2004
  • With J. Morgan, "An Analysis of Stock Recommendations," RAND Journal of Economics, 34(1), Spring 2003
  • With P.E. Fischer, "Information Intermediaries and Communication," Journal of Accounting Research, 39(1), June 2001
  • "Credibility of Voluntary Disclosure," RAND Journal of Economics, 31(2), Summer 2000