Faculty & Research

Mark Zmijewski

Mark E. Zmijewski

Charles T. Horngren Professor of Accounting Emeritus

Mark Zmijewski focuses his academic writing and consulting on issues related to valuation, security analysis, and the effect of financial and other disclosures on capital market participants and security prices. His work has appeared in several notable journals, including the Journal of Financial Statement Analysis; the Journal of Accounting, Auditing, and Finance; the Journal of Accounting Research; Journal of Accounting and Economics; Contemporary Accounting Research; and the Journal of Business Research. Zmijewski has been an associate editor for the Accounting Review, and served on the editorial boards for the Journal of Accounting Research and the Accounting Review.

Zmijewski was a teaching assistant and assistant professor of accounting at State University of New York at Buffalo and a course director at York University prior to joining the Chicago Booth. He has taught courses in accounting and finance that include financial accounting, managerial accounting, advanced accounting /mergers and acquisitions, financial analysis and valuation, corporate finance, and financial strategy. He has experience consulting in these areas in a broad range of industries.

Zmijewski is a former Chicago Booth Deputy Dean, Ph.D. Program faculty director, and the Center for Research in Security Prices faculty director. In addition to being on several dissertation committees, he is an ad hoc referee for various journals.

Zmijewski was awarded the 1999 Hillel J. Einhorn Excellence in Teaching Award from the Chicago Booth, a 1988 Emory Williams Award for Excellence in Teaching from the Chicago Booth, and a 1984 Competitive Manuscript Award from the American Accounting Association. In addition, he was inducted into Beta Alpha Psi Honorary Accounting Society in 1981 and Beta Gamma Sigma Honorary Business Society in 1980. He is a member of the American Accounting Association and the American Finance Association.

He earned a bachelor's degree in 1976, an MBA in 1981 in accounting, and a PhD with a major in accounting and minors in economics and finance in 1983, all from State University of New York at Buffalo. He joined Chicago Booth in 1984.


2020 - 2021 Course Schedule

Number Title Quarter
35802 Financial Strategy 2021  (Winter)


Other Interests

Deep sea fishing


Research Activities

Valuation, security analysis, and the effect of financial and other disclosures on capital market participants and security prices.

With Robert W. Holthausen, Corporate Valuation: Theory, Practice and Evidence (textbook), Cambridge Business Publishers, 2014.

With R. Holthausen, "Valuation with Market Multiples: How to Avoid Pitfalls When Identifying and Using Comparable Companies,” Journal of Applied Corporate Finance, Summer 2012.

With R. Holthausen, "Pitfalls in Levering and Unlevering Beta and Cost of Capital Estimates in DCF Valuations," Journal of Applied Corporate Finance, Summer 2012.

For a listing of research publications, please visit the university library listing page.