Phil Berger's research interests are mainly in the areas of financial reporting and corporate finance. Some of the major themes addressed in his work include: (1) the valuation consequences of diversification strategies; (2) the use of financial statement data to value real options; (3) the impact of managerial entrenchment on corporate finance and financial reporting decisions; (4) the effect of improved financial statement disclosure on capital markets; (5) the motives for choosing opaque versus transparent financial reporting practices and (6) factors influencing R&D investment and financing decisions including the use of off-balance-sheet financing.
Berger's research has been published widely in accounting and finance journals, including The Accounting Review, the Journal of Accounting & Economics, the Journal of Accounting Research, the Journal of Financial Economics, the Journal of Finance, and the Review of Financial Studies. He has received several research prizes and counts among his publications one of the most widely cited papers by an accounting professor. He has been a co-editor of the Journal of Accounting Research since 2004.
He previously served on the faculty of The Wharton School of the University of Pennsylvania (1991-2002) and also served as a visiting associate professor at MIT's Sloan School of Management (1998-99).
His teaching interests are mainly in financial accounting, financial statement analysis, and empirical accounting research. His teaching experience covers undergraduate, MBA, executive, and Ph.D. courses. While at Wharton, he won every MBA teaching award that the Wharton School offers. At Chicago Booth, he has been awarded the 2011 Phoenix Prize.
Berger holds Ph.D. and MBA degrees from the University of Chicago as well as undergraduate and graduate degrees from the University of Saskatchewan, Canada.
2014 - 2015 Course Schedule
||Accounting and Financial Analysis I
||Topics in Empirical Accounting Research
Sports, live entertainment, and travel.
Firm valuation; firm diversification; effects of accounting regulations; quality of accounting disclosures; information intermediaries; organizational design and corporate governance.
With Eli Ofek, "Diversification's Effect on Firm Value," Journal of Financial Economics (1995).
With Eli Ofek and David Yermack, "Managerial Entrenchment and Capital Structure Decisions," Journal of Finance (1997).
With Rebecca Hann, "The Impact of SFAS No. 131 on Information and Monitoring," Journal of Accounting Research (2003).
With Daniel Bens and Steven Monahan, "Discretionary Disclosure in Financial Reporting: An Examination Comparing Internal Firm Data to Externally Reported Segment Data," The Accounting Review (2011).
"Challenges and opportunities in disclosure research--A discussion of 'the financial reporting environment: review of the recent literature'," Journal of Accounting and Economics (2011).
For a listing of research publications please visit
’s university library listing