Professor Wim A Van der Stede

CIMA Professor of Accounting and Financial Management
Head of Department of Accounting

Research interests

• Management control systems: budgeting, performance measurement and incentive systems
• Corporate governance: executive compensation and internal controls

Recent publications

          Books

• Merchant, Kenneth A. & Wim A. Van der Stede (2012), 'Management Control Systems: Performance Measurement, Evaluation, and Incentives' (London: Prentice Hall), Third Edition (Second Edition: 2007; First Edition: 2003)

          Selected academic articles

• Van der Stede, Wim A. (2013), Review of ‘Discretion in Managerial Bonus Pools’, The Accounting Review 88, 351-354
  
  
• Van der Stede, Wim A. (2011), 'Management Accounting Research in the Wake of the Crisis: Some Reflections', European Accounting Review 20, 605-623
  
  
• Gong, James J., Wim A. Van der Stede & S. Mark Young (2011), 'Real Options in the Motion Picture Industry: Evidence from Film Marketing and Sequels', Contemporary Accounting Research 28, 1438-1466

• Merchant, Kenneth A., Wim A. Van der Stede, Thomas W. Lin & Zengbiao Yu (2011), 'Performance Measurement and Incentive Compensation: An Empirical Analysis and Comparison of Chinese and Western Firms' Practices', European Accounting Review 20, 639-667

• Balachandran, Kashi R., Andrea Dossi & Wim A. Van der Stede (2010), 'Corporate Governance Research in "The Rest of the World"', Journal of Accounting Auditing & Finance 25, 523-530

• Matejka, Michal, Kenneth A. Merchant & Wim A. Van der Stede (2009), 'Employment Horizon and the Choice of Performance Measures: Empirical Evidence from Annual Bonus Plans of Loss-Making Entities', Management Science 55, 890-905
   
• Gibbs, Michael, Kenneth A. Merchant, Wim A. Van der Stede & Mark E. Vargus (2009), 'Performance Measure Properties and Incentive System Design', Industrial Relations 48, 237-264
   
• Jansen, E. Pieter, Kenneth A. Merchant & Wim A. Van der Stede (2009), 'National Differences in Incentive Compensation Practices: The Differing Roles of Financial Performance Measurement in The United States and The Netherlands', Accounting, Organizations & Society 34, 58-84
   
• Levenson, Alec, Wim A. Van der Stede & Susan Cohen (2006), 'Measuring the Relationship Between Managerial Competencies and Performance', Journal of Management 32, 360-380
   
• Van der Stede, Wim A., Chee W. Chow & Thomas W. Lin (2006), 'Strategy, Choice of Performance Measures, and Performance', Behavioral Research in Accounting 18, 185-205
   
• Van der Stede, Wim A., S. Mark Young & Clara Chen (2005), 'Assessing the Quality of Evidence in Empirical Management Accounting Research: The Case of Survey Studies', Accounting, Organizations & Society 30, 655-684
   
• Gibbs, Michael, Kenneth A. Merchant, Wim A. Van der Stede & Mark E. Vargus (2004), 'Determinants and Effects of Subjectivity in Incentives', The Accounting Review 79, 409-436
   
• Hansen, Stephen C. & Wim A. Van der Stede (2004), 'Multiple Facets of Budgeting: An Exploratory Analysis', Management Accounting Research 15, 415-439
   
• Hansen, Stephen C., David T. Otley & Wim A. Van der Stede (2003), 'Recent Developments in Budgeting: An Overview and Research Perspective', Journal of Management Accounting Research 15, 95-116
   
• Van der Stede, Wim A. (2003), 'The Effect of National Culture on Management Control and Incentive System Design in Multi-Business Firms: Evidence of Intracorporate Isomorphism', European Accounting Review 12, 263-285
   
• Merchant, Kenneth, A., Wim A. Van der Stede & Liu Zheng (2003), 'Disciplinary Constraints on the Advancement of Knowledge: The Case of Organizational Incentive Systems', Accounting, Organizations & Society 28, 251-286
   
• Van der Stede, Wim A. (2000), 'The Relationship between Two Consequences of Budget Controls: Budgetary Slack Creation and Managerial Short-term Orientation', Accounting, Organizations & Society 25, 609-622
   
• Merchant, Kenneth A. & Wim A. Van der Stede (2000), 'Ethical Issues of "Results-Oriented" Management Control Systems', Research on Accounting Ethics 6, 153-169

          Selected practice articles  

• Van der Stede, Wim A. & Dimitri Kruik (2013), ‘Governance Culture in the Boardroom’, Management Control and Accounting (February), 10-13
  
  
• Young, Mark S., James J. Gong & Wim A. Van der Stede (2012), ‘Using Real Options to Make Decisions in the Motion Picture Industry’, Strategic Finance (May), 53-59
  
  
• Van der Stede, Wim A. (2011), 'Risk and Governance Reporting: Challenges for Effective Disclosures', CFO Aktuell (December), 200-203
  
  
• Van der Stede, Wim A. & Tommaso Palermo (2011), 'Scenario Budgeting: Integrating Risk and Performance', Finance & Management 184, 10-13
  
  
• Van der Stede, Wim A. (2009), 'Designing Effective Reward Systems', Finance & Management 170 (October), 6-9 
   
• Van der Stede, Wim A. (2009), 'Risk and Performance Management Through The Business Cycle', CMA Management (May), 24-27 
   
• Van der Stede, Wim A. (2009), 'Enterprise Governance', Financial Management (February), 38-40
   
• Van der Stede, Wim A. (2007), 'The Pitfalls of Pay-for-Performance', Finance & Management 150, 10-13
   
• Gibbs, Michael, Kenneth A. Merchant, Wim A. Van der Stede & Mark E. Vargus (2005), 'Benefits of Evaluating Performance Subjectively', Performance Improvement Journal (May-June), 26-32

          Selected book chapters

• Young, S. Mark, James Gong & Wim A. Van der Stede (2009), 'Value Creation and the Possibilities for Management Accounting Research in Entertainment: The U.S. Motion Picture Industry', in: Handbook of Management Accounting Research 3 (Elsevier), edited by Christopher S. Chapman, Anthony G. Hopwood & Michael D. Shields, Chapter 7, 1337-1352
   
• Hesford, James W., Sam Lee, Wim A. Van der Stede & S. Mark Young (2007), 'Management Accounting - A Bibliographic Study' in Handbook of Management Accounting Research 1 (Elsevier), edited by Christopher S. Chapman, Anthony G. Hopwood & Michael D. Shields, Chapter 1, 3-26
   
• Van der Stede, Wim A. (2005), 'Budgeting and Management Control: An Organizational Perspective', in Blackwell Encyclopedia of Accounting (Volume of Blackwell Encyclopedia of Management), edited by Cary L. Cooper, 101-106

          Selected cases

• Statoil (2011)
• Golden Parachutes (2007)
• Pacific Sunwear of California, Inc. (2007)
• Controls at the Bellagio Casino Resort (2006)
• Diagnostic Products Corporation (2005)
• Puente Hills Toyota (2004)
• Southern California Edison (2004)
• Superconductor Technologies, Inc. (2004)
• Catalytic Solutions, Inc. (2003)

Appointments, awards and honours

          Selected Editorial Board memberships

• Accounting Organizations and Society
• Contemporary Accounting Research (Editor)
• European Accounting Review 
• Management Accounting Research
• The Accounting Review

          Selected appointments

• CIMA Professor of Accounting and Financial Management (2008-present)
• President of the Management Accounting Section of the American Accounting Association: President-Elect (2009-10); President (2010-11); Past President (2011-12)
• American Accounting Association Finance Committee (2009-12)
• American Accounting Association Council (2009-12)
• European Accounting Association Publications Committee (2008-12; 2012-14, Chair)

          Selected awards

• 2009 Winning Article of Merit, International Federation of Accountants (IFAC)
• 2009 Jim Bulloch Award for Innovations in Management Accounting Education, Institute of Management Accountants (IMA)
• 2008 Article of Outstanding Merit, International Federation of Accountants (IFAC)
• 2008 International Executive Master of Finance and Control Teaching Award (University of Maastricht)
• 2007 AAA Notable Contribution to Management Accounting Literature Award
• 2005 MBA Golden Apple Teaching Award (University of Southern California)
• 2002 Best Paper 9th World Congress of Accounting Educators (Hong Kong)

Teaching

• Office hours

Lectures / classes

• AC310 Management Accounting, Financial Management and Organisational Control
  • Current students click here for course information
     
• AC410 Management Accounting, Strategy and Organizational Control
  • Current students click here for course information
     
• AC411 Accounting, Strategy and Organisational Control
  • Current students click here for course information

Other web pages

• Professor Wim A. Van der Stede's experts page