John E. Core Faculty Profile

John E. Core
Ira A. Lipman Professor; Professor of Accounting

PhD, The Wharton School, University of Pennsylvania, 1995; BA, Yale University, 1983

Research Areas
Executive compensation and incentives; employee stock options; corporate governance; governance of charities; firm valuation and cost of capital; corporate disclosure

Current Projects
Determinants of CEO pay and incentives; wealth-based contracting; measuring disclosure quality with computational linguistics; determinants of the equity cost of capital; how much endowment should a charity hold?; how to give money to maximize charity.

Academic Positions Held
Wharton: 1996-present (named Ira A. Lipman Professor, 2007). Previous appointment: Massachusetts Institute of Technology

Other Positions
Senior Manager, Ernst & Young Actuarial, Benefits, and Compensation Practice, 1987-91; Financial Analyst, Paine Webber Capital Markets, 1983-1987

Career and Recent Professional Awards; Teaching Awards
David Hauck Award for Excellence in Teaching (Undergraduate Division) 2005

Professional Leadership 2003-2007
Editor, The Accounting Review; Associate Editor, Journal of Accounting and Economics; Editorial Board, Journal of Accounting Research; Special Editor, 2004 Journal of Management Accounting Research Forum on the use of stock and stock options

Representative Publications
(with D. Larcker)
"Performance Consequences of Mandatory Increases in Executive Stock Ownership." Journal of Financial Economics (2002).

(with W. Guay)
"The Use of Equity Grants to Manage Optimal Equity Incentive Levels." Journal of Accounting and Economics 28 (1999).

(with C. Schrand)
"The Effect of Accounting-Based Covenants on Equity Valuation." Journal of Accounting and Economics 27 (1999).