Thomas Lys

Thomas Lys

Thomas Z. Lys is the Eric L. Kohler Professor Emeritus at Northwestern University’s Kellogg School of Management. Prior to his transition to emeritus status, he was the Eric L. Kohler Chair in Accounting and Professor of Accounting Information and Management at the Kellogg School and Professor of Law (by courtesy) at the Northwestern School of Law.

Professor Lys is an expert in accounting and finance, and he has testified on issues related to valuation, corporate governance, corporate finance, negotiation, and disclosures in mergers and acquisitions, as well as antitrust and contract disputes. His past clients include the US Department of Justice, the US Department of the Treasury, the Russian Federation, the Commonwealth of Australia, and numerous corporate clients.

Professor Lys’ research interests include risk arbitrage, labor participation in corporate decisions, auditor liability, and earnings forecasts. He has published 35 articles in refereed journals; 13 working papers; “Getting (More of) What You Want,” a book on negotiations integrating the rational models of economics with the less-than rational models of psychology; and has edited two volumes of Karl Brunner’s work and two book chapters in edited volumes. His research investigates analyst earnings forecasts and stock valuations, efficiency of analysts’ earnings forecasts, ability of security analysts’ to learn from experience, stock price behavior following earnings announcements, properties of estimators of auto-correlation coefficients, the impact of transaction costs for market efficiency, mergers and acquisitions, and investors’ interpretation of corporate social responsibility initiatives.

He received his Ph.D. in 1982 from the University of Rochester in Accounting and Finance and a Bachelor’s degree from the University of Bern (Switzerland) in Economics in 1976 (summa cum laude).

For more information contact: Laurel Van Allen

Featured News