Christopher Stephen Armstrong Faculty Profile

Christopher Stephen Armstrong
Assistant Professor of Accounting

PhD, Stanford University, 2008; MPA, The University of Texas at Austin, 2000; BS, The University of Virginia, 1999

Research Areas
Executive compensation and incentives; corporate governance; financial accounting; early-stage companies; international accounting

Current Projects
(1) Examination of the relationship between CEOs’ equity incentives and the incidence of accounting misreporting. (2) Analysis of the role of compensation consultants in the executive compensation process. (3) Analysis of the relative importance of adverse selection and moral hazard in executive compensation contract design.

Academic Positions Held
Wharton: 2007-present

Other Positions
Staff Accountant, KPMG LLP, 2000 – 2002

Representative Publications
(with Antonio Davila, George Foster, and John R. M. Hand)
“Biases in Multi-Year Management Financial Forecasts: Evidence from Private Venture-Backed U.S. Companies.” Review of Accounting Studies (Forthcoming).

(with Antonio Davila and George Foster)
“Venture-backed private equity valuation and financial statement information.” Review of Accounting Studies 17, 119-154 (2006).

(with Matthew K. Cooper)
“Possible Consequences of Options to Acquire a Partnership Interest.” The Journal of Taxation 94, 356-362 (2001).

(with Mary E. Barth, Alan D. Jagolinzer, and Edward J. Riedl)
“Market Reaction to the Adoption of IFRS in Europe” (working paper).

(with David F. Larcker and Che-Lin Su)
“Stock Options and Chief Executive Officer Compensation.” (working paper).

(with Alan D. Jagolinzer and David F. Larcker)
“Timing of Employee Stock Option Exercises and the Valuation of Stock Option Expense.” (working paper).