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Stephan E. Sefcik
Professor Emeritus of Accounting
PricewaterhouseCoopers Professor of Accounting

Education

  • PhD University of Illinois at Urbana-Champaign (1983)
  • MS University of Illinois at Urbana-Champaign (1976)
  • BS University of Illinois at Urbana-Champaign (1974)

Expertise

financial accounting

Positions Held

At the University of Washington since 1986
Assistant professor at the University of British Columbia, 1982-1986

Selected Publications

“The Value Relevance of Greenhouse Gas Emission Allowances: An Exploratory Study in the Related United States SO₂ Market”
Johnson, D., Sefcik, S., and Soderstrom, N., (2008). European Accounting Review, Vol. 17(4), pp. 747–764.

“Executive Compensation and Non-Financial Risk: An Empirical Examination”
Campbell, K., Johnson, D., Sefcik, S., and Soderstrom, N., (2007). Journal of Accounting and Public Policy, Vol. 26(4), pp. 436–462.

“Earnings Management, Stock Issues, and Shareholder Lawsuits”
DuCharme, L.L., Malatesta, P.H., and Sefcik, S., (2004). Journal of Financial Economics, Vol. 71(1), pp. 27–49.

“Earnings Management: IPO Valuation and Subsequent Performance”
DuCharme, L.L., Malatesta, P.H., and Sefcik, S., (2001). Journal of Accounting, Auditing, and Finance, Vol. 16(4), pp. 369–396.

“Disclosure of Contingent Environmental Liabilities: Some Unintended Consequences”
Kennedy, J., Mitchell, T., and Sefcik, S., (1998). Journal of Accounting Research, Vol. 36(2), pp. 257–277.

“An Empirical Examination of Dividend Policy Following Debt Issues”
Long, M., Malitz, I., and Sefcik, S., (1994). The Journal of Financial and Quantitative Analysis, Vol. 29(1), pp. 131–144.

“Determinants of Accounting Method Choice in the Savings and Loan Industry”
Blacconiere, W.G., Bowen, R.M., Sefcik, S., and Stinson, C.H., (1991). Journal of Accounting and Economics, Vol. 14(2), pp. 167–201.

“Insubstance Defeasances: Security Price Reactions and Motivation”
Hand, J.R.M., Hughes, P.J., and Sefcik, S., (1990). Journal of Accounting and Economics, Vol. 13(1), pp. 47–89.

“A Test of Dividend Irrelevance Using Volume Reactions to a Change in Dividend Policy”
Richardson, G., Sefcik, S., and Thompson, R., (1986). Journal of Financial Economics, Vol. 17(2), pp. 313–333.

Honors and Awards

GEMBA Teaching Excellence Award, 2013
Undergraduate Professor of the Year for Accounting, 2006, & 2008
Wells Fargo Faculty Award for Undergraduate Teaching, 2006
Undergraduate Professor of the Quarter for Spring for Accounting, 2006
WSCPA Outstanding Educator, 2003-2004
Technology Management MBA Excellence in Teaching Award, 2003
PACCAR Award for Teaching Excellence, 1999
Reimers Research Fellow, 1999
The Management Program's Excellence in Teaching Award, 1998 & 1999
Dan Seigel Service Award, 1992 & 1999
Dean's Leadership and Service Award, 1998
Charles Summer Teaching Award, 1996
Andrew V. Smith Faculty Development Award, 1996
Research Fellow in The Environmental Management Program, 1994-1999
William R. Gregory Accounting Faculty Fellow, 1993-1994
MBA Core Professor of the Year, 1993
Alpha Kappa Psi Undergraduate Professor of the Year, 1992
Burlington Northern Foundation Teaching Achievement Award, 1990

Working Papers

“Why was Internet IPO Underpricing so Severe?” with Larry L. DuCharme and Shiva Rajgopal, April 2002.

Stephan E. Sefcik

Academic Department

Accounting

Academic Service

Associate Dean for Undergraduate Programs, 2007-present
Faculty Senate, 2005-2007
Faculty Director MS/MBA Program, 2005-2007
Faculty Director Technology Management MBA Program, 2002-2007
Faculty Director, The Environmental Management Program, MBA, 1994-1999
Chair, Department of Accounting, 1999-2002
Emeritus, Advisory Board of the Business Economics Development Program, 2004-present
Advisory Board of the Business and Economic Development Program (now, Center for Consulting and Business Development), 1995-present
Faculty Council,Chair, 1998-1999
Masters Program Committee, Chair, 1994-1996
Editorial board of the Journal of Accounting and Public Policy

Current Research

Accounting irregularities, Corporate governance and class-action lawsuits