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Visiting Professor of Accounting


Ph.D., University of California, Berkeley


Research Areas: Financial Accounting Theory, Financial Statement Analysis, Equity Valuation, Capital Market Theory





Ohlson is a Visiting Professor of Accounting at CKGSB. He is also the W. P. Carey Chair in Accountancy at Arizona State University.


He has taught at the Stern School of Business at New York University; Columbia University; the University of California, Berkeley; and the University of California, Los Angeles.


Ohlson has served as an editorial board member for the Review of Quantitative Finance and Accounting, Review of Accounting Studies, and The British Accounting Review.




Prizes and Awards:


American Accounting Association's Notable Contribution to the Literature Award, 1995.

Honorary Doctorate Degree, Stockholm School of Economics, October 1996.

American Accounting Association's Educator of the Year Award, 1998.

American Accounting Association's Wildman Award, 1998.

AICPA/AAA Notable Contributions Award for 2000.



Selected Publications

  1. "On Transitory Earnings", Review of Accounting Studies, December 1999.
  2. "On the Theory of Forecast-Horizon in Equity Valuation", Journal of Accounting Research, Autumn 1999 (with X.-J. Zhang).
  3. "The Feltham-Ohlson (1995) Model:  Empirical Implications", Journal of Accounting, Auditing & Finance, Summer 2000 (with Jing Liu).
  4. "Earnings, Book Values, and Dividends in Equity Valuation:  An Empirical Perspective"  Contemporary Accounting Research, Spring 2001.
  5. "Positive (Zero) NPV Projects and the Behavior of Residual Earnings-Discussion", Journal of Business Finance & Accounting, Jan/Mar 2003 (with Peter Pope and Pengguo Wang).
  6. Discussion of "Residual Income and Value-Creation:  The Missing Link", Review of Accounting Studies, June/September 2002.
  7. "Accounting-Based Valuation with Changing Interest Rates", Review of Accounting Studies, December 2004 (with Dan Gode).
  8. "Expected EPS and EPS Growth as Determinants of Value", Review of Accounting Studies, Jun-Sep 2005.
  9. "On Accounting-Based Valuation Formulae", Review of Accounting Studies, Jun-Sep 2005.
  10. "The Basic Concepts Related to the Returns on Earnings Regression", Journal of Contemporary Accounting and Economics, June 2005.