DE / EN

Stiftungs­professur für Allgemeine Betriebs­wirtschafts­lehre

Prof. Stefan J. Reichelstein, Ph.D.

Prof. Stefan J. Reichelstein, Ph.D.

Stefan J. Reichelstein hat seit dem 1. Juli 2018 die Stiftungs­professur für Allgemeine Betriebs­wirtschafts­lehre an der Universität Mannheim inne. Er studierte Volkswirtschafts­lehre an der Universität Bonn und Managerial Economics an der Kellogg School of Management der Northwestern University, wo er 1984 zum Doctor of Philosophy (Ph.D.) promoviert wurde. In den vergangenen 30 Jahren hatte Reichelstein Professuren an international renommierten Universitäten inne, dar­unter der UC Berkeley und Stanford. 2016/17 war Reichelstein Gastprofessor an der Universität Mannheim. Aufgrund seiner herausragenden wissenschaft­lichen Arbeit wurden ihm die Ehrendoktorwürde der Universitäten Mannheim und Fribourg (Schweiz) und eine Honorarprofessur der Universität Wien verliehen. 

Mit seiner Expertise wird Prof. Reichelstein an der Universität Mannheim das Stiftungs­institut „Mannheim Institute for Sustainable Energy Studies“ (MISES) aufbauen. Das MISES wird sich vornehmlich mit den privat- und gesamtwirtschaft­lichen Kosten der Energiewende beschäftigen.

Forschungs­schwerpunkte

  • Kosten- und Profitabilitätsanalysen
  • Dezentralisierung
  • interne Preisbildung
  • Erfolgsmessung
  • Veröffentlichungen von/mit Prof. Dr. Reichelstein

    2017

    „Economic Value of Flexible Hydrogen-Based Polygeneration Energy Systems“, (with K. Farhat), Applied Energy , forthcoming. 
    „Structural Properties of the Price-to-Earnings and the Price-to-Book Ratios,“ (with A. Nezlobin and M. Rajan), Review of Accounting Studies, forthcoming.

    2016

    „The U.S. Investment Tax Credit for Solar Energy: Alternatives to the Anticipated 2017 StepDown“, (with S. Comello), Renewable and Sustainable Energy Reviews, February 2016.

    2015

    „Levelized Product Cost: Concept and Decision Relevance,“ (with A. Rohlfing-Bastian), The Accounting Review, July 2015.

    „Time of Use Pricing and the Levelized Cost of Intermittent Power Generation“, (with A. Sahoo), Energy Economics, April, 2015.

    „Managerial Performance Evaluation for Capacity Investments,“ (with A. Nezlobin and Y. Wang), Review of Accounting Studies, March 2015.

    2014

    „Incentives for Early Deployment of Carbon Capture Technology,“ (with S. Comello), Energy Policy, December 2014.

    „Conservatism Correction for the Market-to-Book Ratio and Tobin’s q,“ (with M. McNichols and M. Rajan), Review of Accounting Studies, December 2014.

    2013

    „The Prospects for Cost Competitive Solar PV Power“, (with M. Yorston), Energy Policy, April 2013.

    2012

    „The Dual Role of Transfer Prices in Multinational Firms: Divisional Performance Measurement and Tax Optimization“, The European Financial Review, October, 2012. (This article is an abridged version of „Transfer Pricing in Multinational Firms: An Integrated Management- and Tax Perspective,“ listed below).

    „Dynamics of Rate of Return Regulation,“ (with A. Nezlobin and M. Rajan), Management Science, May, 2012.

    „Transfer Pricing in Multinational Firms: An Integrated Management- and Tax Perspective,“ (with M. Hiemann), Fundamentals of International Transfer Pricing in Law and Economics, edited by K. Konrad and W. Schoen, Springer Publishers, February 2012.

    2011

    „Discretion in Managerial Bonus Pools,“ (with M. Ederhof and M. Rajan), Foundations and Trends in Accounting, July 2011.

    „Carbon Capture by Fossil Fuel Power Plants: An Economic Analysis“ (with O. Islegen), Management Science, January 2011.

    2010

    „Decentralized Capacity Management and Internal Pricing,“ (with S. Dutta), Review of Accounting Studies, September 2010.

    2009

    “The Economics of Carbon Capture” (with O. Islegen), The Economists’ Voice, December, 2009.

    “Depreciation Rules and the Relation between Marginal- and Historical Cost” (with M. Rajan), Journal of Accounting Research, June, 2009.

    „Objective versus Subjective Indicators of Managerial Performance“ (with M. Rajan), The Accounting Review, January 2009.

    2007

    „Conservatism, Growth and Return on Investment“ (with M. Rajan and M. Soliman), Review of Accounting Studies, September 2007.

    „Capital Budgeting: The Role of Cost Allocations,“ (with I. Gow), in Operations Research Proceedings 2006, March 2007.

    „Cost Allocation for Capital Budgeting Decisions“, (with T. Baldenius and S. Dutta), The Accounting Review, July 2007.

    „Managerial Accounting,“ (with T. Baldenius), Handwoerterbuch der Betriebs­wirtschaft, edited by H. Koehler et al., June 2007.

    2006

    „Subjective Performance Indicators and Discretionary Bonus Pools“ (with M. Rajan), Journal of Accounting Research, June 2006.

    „External and Internal Pricing in Multidivisional Firms“ (with T. Baldenius), Journal of Accounting Research, March 2006.

    2005

    “Accrual Accounting for Performance Evaluation,” (with S. Dutta), Review of Accounting Studies, December 2005.

    „Stock Price, Earnings and Book Values in Managerial Performance Measures“ (with S. Dutta), The Accounting Review, October 2005.

    „Incentives for Efficient Inventory Management: The Role of Historical Cost“ (with T. Baldenius), Management Science, July 2005.

    „Market-based Transfer Pricing: A Synthesis of Recent Studies“ (with T. Baldenius and N. Bastian), in Internationalisierung des Controlling, edited by J. Weber, DUV, 2005.

    2004

    „A Perspective on „Asymmetric Information, Incentives and Intrafirm Resource Allocation“ " (with M. Rajan), Management Science, December 2004.

    „Integrating Managerial-and Tax Objectives in Transfer Pricing“, (with T. Baldenius and N. Melumad), The Accounting Review, July 2004.

    2003

    „Leading Indicator Variables, Performance Measurement and Long-Term versus Short-Term Contracts“ (with S. Dutta), Journal of Accounting Research, December 2003.

    2002

    „Controlling Investment Decisions: Depreciation-and Capital Charges“ (with S. Dutta), Review of Accounting Studies, September 2002.

    „Responsibility Accounting“ Handwoerterbuch fuer Controlling, Poeschel Verlag, H.-U. Kuepper and A. Wagenhofer (eds.), 2002.

    2001

    „Incentives and Coordination in Hierarchies“, (with D. Mookherjee), Advances in Economic Theory, The B.E. Press, May 2001.

    2000

    „Providing Managerial Incentives: Cash Flows versus Accrual Accounting“, Journal of Accounting Research, Autumn 2000.

    „Comparative Statics of Monopoly Pricing“, (with T. Baldenius), Economic Theory, 2000.

    1999

    „Asset Valuation and Performance Measurement in a Dynamic Agency Setting“, (with S. Dutta), Review of Accounting Studies, December 1999.

    „Performance Measurement in a Multiperiod Agency Setting“ (with S. Dutta), Journal of Theoretical and Institutional Economics, March 1999.

    „Return to EVA“ (with T. Baldenius and G. Fuhrmann), in German: " Zurueck zu EVA“ Betriebs­wirtschaft­liche Forschung and Praxis, January 1999.

    „Negotiated versus Cost-Based Transfer Pricing“ (with T. Baldenius and S. Sahay), Review of Accounting Studies, June 1999.

    1998

    „Alternative Methods for Determining Transfer Prices“(with T. Baldenius), in German: „Alternative Verfahren zur Bestimmung von Verrechnungs­preisen“, Zeitschrift fuer Betriebs­wirtschaft­liche Forschung, March 1998.

    „Network Mechanisms, Informational Efficiency and Hierarchies“ (with T. Marschak), Journal of Economic Theory, March 1998.

    1997

    „Budgeting and Hierarchical Control“, (with D. Mookherjee), Journal of Accounting Research, Fall 1997. „Contract Complexity, Incentives and the Value of Delegation“ (with N. Melumad and D. Mookherjee), Journal of Economics and Management Strategy, Summer 1997.

    „Investment Decisions and Managerial Performance Evaluation“, Review of Accounting Studies, Vol. 2 (2) 1997.

    1996

    „Holdups, Standard Breach Remedies and Specific Investment,“ (with A. Edlin), American Economic Review, June 1996.

    1995

    „Hierarchical Decentralization of Incentive Contracts“ (with N. Melumad and D. Mookherjee), RAND Journal of Economics, December 1995.

    „Specific Investment under Negotiated Transfer Pricing: An Efficiency Result“ (with A. Edlin), The Accounting Review, April 1995.

    „The Communication Requirements for Individual Agents in Networks and Hierarchies“ (with T. Marschak), The Economics of Informational Decentralization: Complexity. Efficiency and Stability, J. Ledyard (ed.), Kluwer Press, June 1995.

    1992

    „The Revelation Approach to Nash Implementation“ (with D. Mookherjee), Economics Letters, October 1992.

    „Constructing Incentive Schemes for Government Contracts: An Application of Agency Theory,“ The Accounting Review, October 1992, (reprinted in Essays in the Economics of Procurement, A. Bower and J. Dertouzos, eds., Rand, 1994).

    „A Theory of Responsibility Centers“ (with N. Melumad and D. Mookherjee), Journal of Accounting and Economics, November 1992.

    „Agency,“ The New Palgrave Dictionary of Money and Finance, Mac-Millan Press, London, November 1992.

    „Dominant Strategy Implementation of Bayesian Incentive Compatible Allocation Rules“ (with D. Mookherjee), Journal of Economic Theory, April 1992.

    1991

    „Participation, Slack and Budget Based Performance Evaluation“ (with A. Kirby, P.K. Sen and Tae-Young Paik), Journal of Accounting Research, Spring 1991.

    1990

    „Implementation via Augmented Revelation Mechanisms“ (with D. Mookherjee), Review of Economic Studies, July 1990.

    1989

    „Value of Communication in Agencies“ (with N. Melumad), Journal of Economic Theory, April 1989.

    1988

    „Game Forms with Minimal Message Spaces“ (with S. Reiter), Econometrica, May 1988 (reprinted in 35 Years of MEDS and Management Theory, Kellogg School of Management, 2003).

    1987

    „Centralization versus Delegation and the Value of Communication“ (with N. Melumad), Journal of Accounting Research, 1987.

    „Performance Incentives in Government Contracts“, (with H.E. Reichelstein), in German: „Leistungs­anreize bei öffentlichen Aufträgen“ Wehrtechnik, March 1987.

    „A Note on Feasible Implementations,“ Economics Letters, 25, 1987.

    1985

    „Information-Eliciting Compensation Schemes“ (with K. Osband), Journal of Public Economics, August 1985.

    1984

    „Smooth versus Discontinuous Mechanisms,“ Economics Letters, Fall 1984.

    „Incentives in Government Contracts“ (with K. Osband), Journal of Public Economics, July 1984.

    „Incentive Compatibility and Informational Requirements,“ Journal of Economic Theory, October 1984.

    „A Note on Allocations Attainable through Nash-Equilibria,“ Journal of Economic Theory, April 1984.

  • Vorträge und Konferenzen

    2015

    • Energy@Stanford Conference, Stanford University, September 2015
    • NYU Summer Camp, New York University, May 2015
    • Energy 3.0, Stanford University, May 2015 · Energy and Climate Change, Washington DC, January 2015

    2014 

    • Summer School „Economic Analysis of Financial Ratios, Institute for Management Studies, University of Vienna, June 2014

    2013

    • Energy@Stanford Conference, Stanford University, September 2013
    • Accounting Research Conference, Banff, Canada, August 2013
    • Alliance for Research on Corporate Sustainability, U.C. Berkeley, May 2013
    • Accounting Research Committee, Verein fuer Socialpolitik, Frankfurt, April 2013
    • Connecting the Dots: The Energy, Food, Water and Climate Nexus, Stanford University, April 2013

    2012

    • Energy@Stanford Conference, Stanford University, September 2012
    • German Economic Association of Business Administration (GEABA), Graz, September, 2012

    2011

    • Energy@Stanford Conference, Stanford University, September 2011