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Faculty Directory

Stephan E. Sefcik
Office: 202
Dempsey Hall
Phone: 206-543-5679
Fax: 206-616-8225

Foster School of Business
University of Washington
Box: 353223
Seattle, WA 98195-3223

...Not everything that can be counted counts, and not everything that counts can be counted...

Stephan E. Sefcik

Professor 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)

Academic Expertise

financial accounting

Current Research

Accounting irregularities, Corporate governance and class-action lawsuits

Positions Held

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

Selected Publications

  1. The Value Relevance of Greenhouse Gas Emission Allowances: An Exploratory Study in the Related United States SO2 Market
    Journal Article:Johnson, D., Sefcik, S., and Soderstrom, N., (2008). European Accounting Review, Vol. 17(4), pp. 747-764.
  2. Executive Compensation and Non-Financial Risk: An Empirical Examination
    Journal Article:Campbell, K., Johnson, D., Sefcik, S., and Soderstrom, N., (2007). Journal of Accounting and Public Policy, Vol. 26(4), pp. 436-462.
  3. Earnings Management, Stock Issues, and Shareholder Lawsuits
    Journal Article:DuCharme, L.L., Malatesta, P.H., and Sefcik, S., (2004). Journal of Financial Economics, Vol. 71(1), pp. 27-49.
  4. Earnings Management: IPO Valuation and Subsequent Performance
    Journal Article:DuCharme, L.L., Malatesta, P.H., and Sefcik, S., (2001). Journal of Accounting, Auditing, and Finance, Vol. 16(4), pp. 369-396.
  5. Disclosure of Contingent Environmental Liabilities: Some Unintended Consequences
    Journal Article:Kennedy, J., Mitchell, T., and Sefcik, S., (1998). Journal of Accounting Research, Vol. 36(2), pp. 257-277.
  6. An Empirical Examination of Dividend Policy Following Debt Issues
    Journal Article:Long, M., Malitz, I., and Sefcik, (1994). The Journal of Financial and Quantitative Analysis, Vol. 29(1), pp. 131-144.
  7. Determinants of Accounting Method Choice in the Savings and Loan Industry
    Journal Article:Blacconiere, W.G., Bowen, R.M., Sefcik, S., and Stinson, C.H., (1991). Journal of Accounting and Economics, Vol. 14(2), pp. 167-201.
  8. Insubstance Defeasances: Security Price Reactions and Motivation
    Journal Article:Hand, J.R.M., Hughes, P.J., and Sefcik, S., (1990). Journal of Accounting and Economics, Vol. 13(1), pp. 47-89.
  9. A Test of Dividend Irrelevance Using Volume Reactions to a Change in Dividend Policy
    Journal Article:Richardson, G., Sefcik, S., and Thompson, R., (1986). Journal of Financial Economics, Vol. 17(2), pp. 313-333.

Working Papers

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

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

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