Jack Stecher, PhD

Winspear Assoc Professor, Alberta School of Business - Department of Accounting and Business Analytics

Contact

Winspear Assoc Professor, Alberta School of Business - Department of Accounting and Business Analytics
Email
stecher@ualberta.ca
Phone
(780) 492-5371
Address
3-21E Business Building
11203 Saskatchewan Drive NW
EdmontonAB
T6G 2R6

Overview

About

I have a PhD from University of Minnesota and a bachelor's degree from University of Pennsylvania.  Before coming to University of Alberta, I was at Carnegie Mellon University in Pittsburgh, Pennsylvania, and at NHH in Bergen, Norway.  In addition to my work in academe, I have over a decade of experience in industry.


Research

My research is primarily focused on the effects of information and disclosure on capital markets and on private debt, with additional interests in more general questions related to decision making under risk and uncertainty. My research collaborations span numerous academic disciplines, including grants received related to finance and to cognitive neuroscience. I have published in top accounting and business journals, and also in economics, operations research, computer science, and analytical philosophy.


Teaching

My overall teaching philosophy is to focus on the connection between accounting and other core and functional disciplines. I emphasize to my students the interdisciplinary aspects of learning, connecting my classes to what the students cover in the rest of their overall program. Students should see financial accounting as essential for understanding finance and financial economics. Similarly, when I have taught managerial accounting, I have stressed connections to operations, as well as links between cost measurement issues and financial reporting issues. Through learning the details of how accounting works (and it by nature involves details) in part of a broader context of the students’ overall coursework, the students develop an appreciation for and interest in the subject.

Courses

ACCTG 432 - Financial Statement Analysis I

May be taken on its own or as the first of a two-course sequence that develops student competence in using financial information. Using case analysis, students learn to value a firm through the use of a five-step process: (1) examination of firm's industry, markets and strategy, (2) evaluation of firm's accounting policies and their impact on the financial reports, (3) applying fundamental analysis to assess financial strengths and weaknesses, (4) forecasting future earnings and cash flows, and (5) applying valuation models. Corequisites: ACCTG 415 or 412.

Fall Term 2022 Fall Term 2022

ACCTG 610 - Financial Reporting for Managers and Analysts

Intended for students who would like to build on the financial accounting knowledge developed in ACCTG 501, and is especially useful for those contemplating a career in financial management. Useful both as a stand-alone course and as a foundation for further study in financial statement analysis. Provides further depth in balance sheet valuation and income measurement in order to enhance students' ability to use financial accounting as a management tool. Prerequisite: ACCTG 501. Corequisite: FIN 501 or 503. Students may receive credit for only two of the following three courses: ACCTG 610, 614 and 615.

Fall Term 2022

Browse more courses taught by Jack Stecher

Scholarly Activities

Other - Academic Advisory Committee Member, Accounting Standards Board

20190201 to 20220131

Acacemic Advisory Committee, AcSB

Other - Coordinating Editor, Theory and Decision

Started: 2019

Journal homepage

Other - Editorial Board Member, Advances in Accounting

Started: 2019

Journal homepage

Other - External Member, Executive Committee, Institute for Public Economics

Started: 2018

Institute for Public Economics

Publications

Bayes and Hurwicz without Bernoulli

Author(s): Simon Grant, Patricia Rich, and Jack Stecher
Publication Date: 1/12/2022
Publication: Journal of Economic Theory
Volume: 199
Page Numbers: 105027 (Article number)
External Link: https://doi.org/10.1016/j.jet.2020.105027

Objective and subjective rationality and decisions with the best and worst case in mind

Author(s): Simon Grant, Patricia Rich, and Jack Stecher
Publication Date: 10/6/2020
Publication: Theory and Decision
Volume: 90
Issue: 3-4
Page Numbers: 309-320
External Link: https://doi.org/10.1007/s11238-020-09777-x

Is the Allais Paradox Due to the Appeal of Certainty or Aversion to Zero?

Author(s): Elif Incekara-Hafalir, Eungsik Kim, and Jack D Stecher
Publication Date: 9/27/2020
Publication: Experimental Economics
Volume: 24
Issue: 3
Page Numbers: 751-771
DOI: 10.1007/s10683-020-09678-4
External Link: https://link.springer.com/article/10.1007/s10683-020-09678-4

Discretionary Aggregation

Author(s): Michael Ebert, Dirk Simons, Jack D. Stecher
Publication Date: 2017
Publication: The Accounting Review
Volume: 92
Issue: 1
Page Numbers: 73-91
External Link: http://dx.doi.org//10.2308/accr-51434

Using Brouwer’s continuity principle to pick stocks

Author(s): Jack Douglas Stecher, Mark van Atten
Publication Date: 2015
Publication: Annals of Operations Research
Volume: 225
Issue: 1
Page Numbers: 161-171
External Link: https://doi.org/10.1007/s10479-013-1404-6

Hail, Procrustes! Harmonized accounting standards as a Procrustean bed.

Author(s): Jack Stecher, Jeroen Suijs
Publication Date: 2012
Publication: Journal of Accounting and Public Policy
Volume: 31
Issue: 4
Page Numbers: 341-355
External Link: https://doi.org/10.1016/j.jaccpubpol.2012.05.003

Competitive equilibrium with intuitionistic agents

Author(s): Jack Douglas Stecher
Publication Date: 2011
Publication: Synthese
Volume: 181
Issue: Supplement 1
Page Numbers: 49-63
External Link: https://doi.org/10.1007/s11229-010-9762-y

Decision making and trade without probabilities

Author(s): John Dickhaut, Radhika Lunawat, Kira Pronin, Jack Stecher
Publication Date: 2011
Publication: Economic Theory
Volume: 48
Issue: 2-3
Page Numbers: 275-288
External Link: https://doi.org/10.1007/s00199-011-0644-4

Generating Ambiguity in the Laboratory

Author(s): Jack Stecher, Timothy Shields, John Dickhaut
Publication Date: 2011
Publication: Management Science
Volume: 57
Issue: 4
Page Numbers: 705-712
External Link: http://dx.doi.org//10.1287/mnsc.1100.1307

Existence of approximate social welfare

Author(s): Jack Douglas Stecher
Publication Date: 2008
Publication: Social Choice and Welfare
Volume: 30
Issue: 1
Page Numbers: 43-56
External Link: https://doi.org/10.1007/s00355-007-0229-0