Professor Steven Huddart
Steven Huddart is Associate Professor of Accounting at the Smeal College of Business of the Pennsylvania State University. He is one of the foremost academic experts on the behavioral economics aspects of stock options. He teaches managerial accounting and tax planning. Before coming to Penn State, he taught at Stanford, Michigan, and Duke.
His research examines how information and incentives affect individuals’ decisions. Professor Huddart has examined the stock option exercise decisions and behavior of employees; financial reporting, taxation, compensation, and valuation aspects of employee stock options; effects of ownership structure on corporate value; aspects of insider trading; determinants of portfolio choices made by investment advisers; and consequences of differing national accounting standards on the allocation of trading volume across stock exchanges.
This research appears in Accounting Horizons, Contemporary Accounting Research, Econometrica, Journal of Financial Markets, Journal of Accounting and Economics, Quarterly Journal of Economics, and Management Science. He has also published cases on indirect cost allocation and the taxation of a corporate acquisition.
He is a member of the Institute of Chartered Accountants of Ontario (Canada) and the editorial boards of the Journal of Accounting and Economics and the Journal of Accounting Case Research. He has also served on the editorial board of the Review of Accounting Studies. In addition, he consults on compensation issues. He has addressed the Financial Accounting Standards Board, the Financial Executives Institute, and other practitioner groups on aspects of stock-based compensation. Professor Huddart received his PhD from Yale University.