Endowed Chair in Business Administration
Prof. Stefan Reichelstein, Ph.D.
Credit: Katrin Glückler
As of 1 July 2018 Prof. Stefan J. Reichelstein is the chairholder of the endowed chair in business administration. He previously studied economics at the University of Bonn and managerial economics at the Northwestern University´s Kellogg School of Management, where he graduated with a Ph.D. in 1984. During the last 30 years he held several positions at international universities such as Berkeley and Stanford. In light of his research accomplishments, he received several honorary doctorates from the University of Mannheim in Germany and the University of Fribourg in Switzerland, as well as an honorary professorship from the University of Vienna.
At the University of Mannheim, Prof. Reichelstein builds up a newly-endowed research institute. The Mannheim Institute for Sustainable Energy Studies (MISES) addresses economic aspects of the transition to a decarbonized energy economy, with a particular focus on the timeliness and cost effectiveness of this transition.
Field of research
- Cost-analysis
- Decentralization
- Internal pricing
- Success measurement
The Mannheim Institute for Sustainable Energy Studies (MISES) led by Prof. Stefan Reichelstein, Ph.D. examines the challenges and innovation opportunities that emerge from the transition to a decarbonized energy future. A particular focus of studies conducted by the MISES is the cost associated with alternative decarbonization strategies. The portfolio of projects covers the power, transportation and industrial sectors. The team affilitated with Stefan Reichelstein seeks an ongoing dialogue on these topics with external researchers, practitioners and policymakers.
Further information on the research focus of the MISES, the team and teaching can be found on the MISES homepage.
Publications
2023
- Cohen, S., Kadach, I., Ormazabal, G. and Reichelstein, S. (2023). Executive compensation tied to ESG performance: International evidence. Journal of Accounting Research, 61, 805–853.
- Comello, S., Reichelstein, J. and Reichelstein, S. (2023). Corporate carbon reporting: Improving transparency and accountability. One Earth, 6, 803–810.
- Friedl, G., Reichelstein, S., Bach, A., Blaschke, M. and Kemmer, L. (2023). Applications of the levelized cost concept. Journal of Business Economics : JBE = Zeitschrift für Betriebswirtschaft : ZfB, 93, 1125-1148.
- Glenk, G., Holler, P. and Reichelstein, S. (2023). Advances in power-to-gas technologies: Cost and conversion efficiency. Energy & Environmental Science, 1–13.
- Kaplan, R. S., Ramanna, K. and Reichelstein, S. (2023). Getting a clearer view of your company’s carbon footprint. Harvard Business Review : HBR, 2023, 1–12.
- Reichelstein, S. (2023). Corporate carbon disclosures. Accountability in a Sustainable World Quarterly, 3, 85–89.
2022
- Comello, S., Reichelstein, J. and Reichelstein, S. (2022). Corporate carbon reduction pledges: An effective tool to mitigate climate change? Advances in Social Innovation (forthcoming).
- Glenk, G. and Reichelstein, S. (2022). Reversible Power-to-Gas systems for energy conversion and storage. Nature Communications, 13, 1–10.
- Glenk, G. and Reichelstein, S. (2022). The economic dynamics of competing power generation sources. Renewable and Sustainable Energy Reviews, 168, 1–9.
2021
- Bolton, P., Reichelstein, S., Kacperczyk, M. T., Leuz, C., Ormazabal, G. and Schoenmaker, D. (2021). Mandatory corporate carbon disclosures and the path to net zero. Management and Business Review : MBR, 2021.
- Comello, S., Glenk, G. and Reichelstein, S. (2021). Transitioning to clean energy transportation services: Life-cycle cost analysis for vehicle fleets. Applied Energy, 285, 1–11.
- Downar, B., Ernstberger, J., Reichelstein, S., Schwenen, S. and Zaklan, A. (2021). The impact of carbon disclosure mandates on emissions and financial operating performance. Review of Accounting Studies, 26, 1137-1175.
- Dutta, S. and Reichelstein, S. (2021). Capacity rights and full-cost transfer pricing. Management Science, 67, 1303-1325.
- Glenk, G., Meier, R. and Reichelstein, S. (2021). Cost dynamics of clean energy technologies. Schmalenbach Journal of Business Research : SBUR, 73, 179–206.
2020
- Glenk, G. and Reichelstein, S. (2020). Synergistic value in vertically integrated power‐to‐gas energy systems. Production and Operations Management, 29, 526–546.
2019
- Comello, S. and Reichelstein, S. (2019). The emergence of cost effective battery storage. Nature Communications, 10, 1–9.
- Glenk, G. and Reichelstein, S. (2019). Economics of converting renewable power to hydrogen. Nature Energy, 4, 216–222.
2018
- Comello, S., Reichelstein, S. and Sahoo, A. (2018). The road ahead for solar PV power. Renewable and Sustainable Energy Reviews, 92, 744–756.
- Reichelstein, S. and Sahoo, A. (2018). Relating product prices to long‐run marginal cost: Evidence from solar photovoltaic modules. Contemporary Accounting Research : CAR = Recherche Comptable Contemporaine, 35, 1464-1498.
2017
- Comello, S. and Reichelstein, S. (2017). Cost competitiveness of residential solar PV : the impact of net metering restrictions. Renewable and Sustainable Energy Reviews, 75, 46–57.
- Comello, S., Reichelstein, S., Sahoo, A. and Schmidt, T. S. (2017). Enabling micro-grid development in rural India. World Development, 93, 94–107.
- Psarras, P. C., Comello, S., Bains, P., Charoensawadpong, P., Reichelstein, S. and Wilcox, J. (2017). Carbon capture and utilization in the industrial sector. Environmental Science & Technology : ES & T, 51, 11440-11449.
- Reichelstein, S. and Rohlfing-Bastian, A. (2017). Relevante Kosten für Investitionsentscheidungen. Controlling & Management Review, 61, 58–62.
2016
- Comello, S. and Reichelstein, S. (2016). The U.S. investment tax credit for solar energy : alternatives to the anticipated 2017 step-down. Renewable and Sustainable Energy Reviews, 55, 591–602.
- Farhat, K. and Reichelstein, S. (2016). Economic value of flexible hydrogen-based polygeneration energy systems. Applied Energy, 164, 857–870.
- Nezlobin, A., Rajan, M. V. and Reichelstein, S. (2016). Structural properties of the price-to-earnings and price-to-book ratios. Review of Accounting Studies, 21, 438–472.
2015
- Nezlobin, A., Reichelstein, S. and Wang, Y. (2015). Managerial performance evaluation for capacity investments. Review of Accounting Studies, 20, 283–318.
- Reichelstein, S. and Rohlfing-Bastian, A. (2015). Levelized product cost : concept and decision relevance. The Accounting Review, 90, 1653-1682.
- Reichelstein, S. and Sahoo, A. (2015). Time of day pricing and the levelized cost of intermittent power generation. Energy Economics, 48, 97–108.
- Sahoo, A. and Reichelstein, S. (2015). Are the recent declines in solar PV module prices sustainable? Stanford Energy Journal, 2015, 5 May.
2014
- Comello, S. and Reichelstein, S. (2014). A better way to cut power-plant emissions. Bloomberg, 2014, 21. April.
- Comello, S. and Reichelstein, S. (2014). Incentives for early adoption of carbon capture technology. Energy Policy, 74, 579–588.
- McNicols, M., Rajan, M. V. and Reichelstein, S. (2014). Conservatism correction for the market-to-book ratio and Tobin’s q. Review of Accounting Studies, 19, 1393-1435.
Speeches and Conferences
2023
- Hydrogen Panel Speaker, Energy@Stanford & SLAC 2023, Stanford University, September 2023
- Speaker, Workshop on Carbon Emission Pledges and Corporate Decarbonization Initiatives, Goethe University Frankfurt, September 2023
- Keynote Speaker, Cluster Energie&Umwelt, May 2023
- Speaker, Transatlantic Climate Conversations, May 2023
2022
- Chaired a conference on “Corporate Carbon Disclosures”, Stanford Business School, December 14–15, 2022
- Speaker at TEDx „What's up with Paris climate goals?“, University of Mannheim, October 2022
- Lecture on “Corporate Carbon Emission Statements” Ludwig-Maximilians-University Munich, October 2022
- Presentation on „Corporate Carbon Reporting“, University of Vienna, May 2022
- Speaker at the University Day, May 2022
- Lecture on “Rapid and Deep Decarbonization” as part of the “Science for Future Lecture Series”, University of Mannheim, May 2022
- Presentation on „Corporate Carbon Reporting“, University of Konstanz, April 2022
- Presentation at Cambridge University, March 2022
2021
- Panelist at CEPR, October 2021
- Speaker at the CARE Conference, September 2021
- Speaker at the Energy@Stanford Conference at Stanford University, September 2021
- Speaker at the Sustainability Days of Heidelberg Cement, September 2021
- Presentation on Entkarbonisierte Energie: Die Beschwerliche Wende to the Stiftung of the University of Mannheim, July 2021
- Presentation on Corporate Carbon Disclosures at a Conference on Accounting for Sustainability and Responsible Investment hosted by the Sustainable Investment Forum video-recorded, July 2021
- In-house presentation to PwC consultants on Cost Dynamics of Electrolysis-Based Hydrogen, June 2021
2020
- Speaker on “The Rapid Advances in Renewable Energy”, Energy Investment Forum 2020, Budapest, November 2020
- Lecturer, Summer School “Accounting for Capacity Investments”, Institute for Management Studies, University of Vienna, October 2020
- Panelist, Professional Accounting Conference, University of Toronto, October 2020
- Keynote Speaker, World Hydrogen Congress, Paris, September 2020
- Speaker on “The Role of Hydrogen in Decarbonized Energy Economies”, Energy@Stanford Conference, Stanford University, September 2020
2019
- Plenary Speaker, Production and Operations Management Society, Washington DC, May 2019
- Panelist, Conference on Climate-Related Financial Reporting, Cambridge University, April 2019
- Speaker, Accounting Research Committee, Verein fuer Socialpolitik, Basel University, March 2019
2018
- Plenary Speaker, Schmalenbach-Gesellschaft, Duesseldorf, September, 2018
- Delegate, Jefferson Innovation Workshop, Washington DC, February 2018
- Speaker, UCLA Accounting Workshop, UCLA, March, 2018
2017
- Speaker, Burton Workshop, Columbia University, November 2017
- Lecturer, Summer School “Capacity Investments: Planning and Control”, Institute for Management Studies, University of Vienna, June 2017
- Speaker, Theory of the Firm Committee, Verein fuer Socialpolitik, Frankfurt, May 2017
- Plenary Speaker, 6th Mannheim Energy Conference, ZEW, May 2017
2016
- Presenter, Contemporary Accounting Research Conference, University of Waterloo, October 2016
- Speaker, Doctoral Consortium of the Canadian Accounting Association, University of Waterloo, October 2016