Steven Huddart

Smeal Chair Professor in Accounting, Department Chair of Accounting
Department: Accounting
Office: 354B Business Building
Phone: 814-865-0041
Fax: 814-863-8393
E-mail: huddart@psu.edu
Member of Faculty Since: 1999


Introduction

Professor Huddart's research examines how decisions are affected by information, incentives, social norms, and behavioral biases. He has examined the relationships between disclosure and insider trading; the financial reporting, taxation, compensation, and valuation aspects of employee stock options; the effects of ownership structure on corporate value; and the determinants of investors' decisions to trade. This research appears in Accounting Horizons; Accounting, Organizations and Society; the American Economic Review; Contemporary Accounting Research; Econometrica; the Journal of Financial Markets; the Journal of Accounting & Economics; Management Science; the Quarterly Journal of Economics; and, the Review of Accounting Studies.

He has taught financial accounting, managerial accounting, and tax planning.   Professor Huddart has also published cases on indirect cost allocation and the taxation of a corporate acquisition. Before coming to Smeal, he taught at Duke, Michigan, and Stanford.

He is a Chartered Accountant (Canada), an editor of Contemporary Accounting Research, and an associate editor of the Journal of Accounting & Economics. Previously, he served as an editor of The Accounting Review and on the editorial boards of Contemporary Accounting Research, the Review of Accounting Studies and the Journal of Accounting Case Research.

Professor Huddart has addressed the Financial Accounting Standards Board, the Financial Executives Institute, and other practitioner groups on aspects of stock-based compensation.


Expertise

stock-based compensation
insider trading


Publication List

Zahn Bozanic, Mark Dirsmith, and Steven Huddart, "The social constitution of regulation: The endogenization of insider trading laws", Accounting, Organizations and Society, October 2012, 37, 461-481.

Steven Huddart, Mark Lang, Michelle Yetman, "Volume and price patterns around a stock's 52-week highs and lows: theory and evidence", Management Science, January 2009, 55:1, 16-31.

Paul Fischer and Steven Huddart, "Optimal contracting with endogenous social norms", American Economic Review, September 2008, 98:4, 1459-1475.

Steven Huddart and Bin Ke, "Information asymmetry and cross-sectional determinants of insider trading", Contemporary Accounting Research, Spring 2007, 24:1, 195-232.

Steven Huddart, Bin Ke, and Charles Shi, "Jeopardy, non-public information, and insider trading around SEC 10-K and 10-Q filings", Journal of Accounting & Economics, March 2007, 43:1, 3-36.

Steven Huddart and Pierrre Jinghong Liang, "Profit sharing and monitoring in partnerships", Journal of Accounting & Economics, December 2005, 40:1-3, 153-187.

Bin Ke, Steven Huddart, and Kathy Petroni, "What insiders know about future earnings and how they use it: evidence from insider trades", Journal of Accounting & Economics, August 2003, 35:3, 315-346.

Steven Huddart and Mark Lang, "Information distribution within firms: evidence from stock option exercises", Journal of Accounting & Economics, January 2003, 34:1-3, 3-31.

Steven Huddart, John S. Hughes, and Carolyn Levine, "Public disclosure and dissimulation of insider trades", Econometrica, May 2001, 69:3, 665-681.

Chip Heath, Steven Huddart, and Mark Lang, "Psychological factors and stock option exercise", Quarterly Journal of Economics, May 1999, 114:2, 601-627.

Steven Huddart, "Reputation and performance fee effects on portfolio choice by investment advisers", Journal of Financial Markets, August 1999, 2:3, 227-271.

Steven Huddart, "The effect of a large shareholder on corporate value", Management Science, November 1993, 39:11, 1407-1421.


Editorship

Editor, Contemporary Accounting Research, 2001-2006 and 2013-present
Associate Editor, Journal of Accounting & Economics, 1997-present
Editorial board member, Contemporary Accounting Research, 2008-present
Editor, The Accounting Review, 2005-2008


Education

Ph.D., Yale University,  1991 
M.Phil., Yale University,  1988 
M.A., Yale University,  1988 
B.Math., University of Waterloo,  1985 


Courses

ACCTG 211, Financial and Managerial Accounting for Decision Making
ACCTG 404, Managerial Accounting
ACCTG 550, Taxation and Management Decisions
ACCTG 597E, Research Seminar in Analytical Models
B A 521, Managerial Accounting