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David F. Larcker


David F. Larcker

Photo of Prof. Larcker

James Irvin Miller Professor of Accounting

Professor of Law (by courtesy), Stanford Law School

Director of the Director's Consortium Executive Program

Senior Faculty of the Arthur and Toni Rembe Rock Centre for Corporate Governance at Stanford University

Winnick Family Faculty Fellow for 2013-2014



Faculty Profile

Work Phone: (650) 725-6159
Fax: (650) 725-8916
Mail Code: 5015
Work Address: 655 Knight Way, Faculty Building E-356, Stanford, California, 94305-7298

Research Areas:

Executive Compensation; Corporate Governance; Managerial Accounting; Applied Econometrics.

Academic Positions Held:

Wharton: 1985-2005 (named Ernst & Young Professor of Accounting, 1985.)

Previous appointment: J.L. Kellogg Graduate School of Management, Northwestern University

Other Positions:

Engineer, Southwestern Bell Telephone Company, 1972-73

Trustee, Wells Fargo Advantage Funds, 2008-present

Career and Recent Professional Awards; Teaching Awards:

PhD Faculty Distinguished Service Award, Stanford GSB, 2010

Notable Contribution to Management Accounting Literature Award, 2001

Professional Leadership 2001-2005
Editorial Review Board, Journal of Accounting and Economics, 1985-present; Journal of Accounting Research, 1987-present; The Accounting Review, 2008-present

Corporate and Public Sector Leadership 2001-2005
Advisory Board, American Customer Satisfaction Index, 1994-present; Coopers & Lybrand Accounting Academics Advisory Group, 1994-present

Representative Publications:

Proxy advisory firms and stock option repricing
David F. Larcker, Allan L. McCall, and Gaizka Ormazabal, Journal of Accounting and Economics, 56 (November–December 2013): 149–169.

The Efficacy of Shareholder Voting: Evidence from Equity Compensation Plans, Chris Armstrong, Ian D. Gow, and David F. Larcker, Journal of Accounting Research, Volume 51, Issue 5, pages 909–950, December 2013.

The Relation between Equity Incentives and Misreporting: The Role of Risk-Taking Incentives
Chris S. Armstrong, David F. Larcker, Gaizka Ormazabal, and Daniel J.Taylor, Journal of Financial Economics, 109, Issue 2, August 2013, Pages 327–350.

Boardroom Centrality and Firm Performance [Stock Returns]
David F. Larcker, Eric C. So, and Charles C. Y. Wang, Journal of Accounting & Economics, 55 (April 2013): 225–250.

Corporate Governance, Compensation Consultants, and CEO Pay Levels Christopher S. Armstrong, Christopher D. Ittner and David F. Larcker, Review of Accounting Studies, 17 (June 2012): 322-351.

Detecting Deceptive Discussions in Conference Calls
David F. Larcker, and Anastasia A Zakolyukina, Journal of Accounting Research, 50 (May 2012): 495–540.

Does your CEO compensation plan provide the right incentives? David Larcker and Brian Tayan, McKinsey Quarterly, (April 2012).

The Influence of Proxy Advisory Firm Voting Recommendations on Say-on-Pay Votes and Executive Compensation Decisions
David Larcker, Allan McCall, and Brian Tayan, The Conference Board Directors Note (March 2012).

The Incentives for Tax Planning
Chris Armstrong, Jennifer L. Blouin and David F. Larcker, Journal of Accounting and Economics, 53 (February–April 2012): Pages 391-411.

Corporate Governance and the Information Content of Insider Trades
Alan D. Jagolinzer, David F. Larcker, and Daniel J. Taylor, Journal of Accounting Research, 49 (Dec 2011): 1249-1274.

The Market Reaction to Corporate Governance Regulation
David F. Larcker, Gaizka Ormazabal, and Daniel J. Taylor, Journal of Financial Economics, 101 (August 2011): 431-448.

Rating the Ratings: How Good Are Commercial Governance Ratings?
Robert Daines, Ian D. Gow, and David F. Larcker, Journal of Financial Economics, 98 (December 2010): 439–461.

Endogenous Selection and Moral Hazard in Compensation Contracts
Christopher S Armstrong, David F. Larcker and Che-Lin Su, Operations Research, Linthicum 58 (July/August 2010): 1090-1106.

Chief Executive Officer Equity Incentives and Accounting Irregularities.
Christopher S. Armstrong, Alan D. Jagolinzer, and David F. Larcker, Journal of Accounting Research, 48 (May 2010): 225.

On the use of instrumental variables in accounting research.
David F. Larcker and Tjomme O. Rusticus, Journal of Accounting and Economics, Volume 49 (April 2010): 186-205.

The Stock Market's Pricing of Customer Satisfaction
Christopher Ittner, David F. Larcker and Daniel Taylor, Marketing Science, Linthicum 28 (September/October 2009): 826-835.

Discussion of “The Impact of the Options Backdating Scandal on Shareholders” and “Taxes and the Backdating of Stock Option Exercise Dates.”
Christopher S. Armstrong and David F. Larcker, Journal of Accounting & Economics, 47 (March 2009): 50-58

The Power of the Pen and Executive Compensation.
John E. Core, Wayne Guay, and David F. Larcker, Journal of Financial Economics, 88 (April 2008): 1-25.

Performance-based compensation in member-owned firms: An examination of medical group practices.
C.D. Ittner, David F. Larcker and M. Pizzini, Journal of Accounting & Economics, 44 (December 2007): 300-327.

Corporate Governance, Accounting Outcomes and Organizational Performance.
David F. Larcker and Scott A. Richardson, Accounting Review, 82 (July 2007): 963-1008.

Endogeneity and Empirical Accounting Research.
David F. Larcker and Tjomme O. Rusticus, European Accounting Review, 16 (May 2007): 207-215.