Professor of Accounting
Research Interests: executive compensation and incentives, executive stock holdings and trading behavior, corporate governance, financial reporting quality, the role of financial transparency in governance and contracting
Professor Guay’s research focuses on the design of executive compensation contracts, stock-based incentives, corporate governance, financial reporting quality, the corporate information environment, firm valuation. His articles have appeared in Journal of Accounting & Economics, Journal of Accounting Research, Accounting Review, Journal of Financial Economics, Journal of Finance, American Economic Review, Michigan Law Review, and Economic Policy Review. His research on stock option accounting and valuation was selected by the Financial Executive Research Foundation as the 2002 Article of the Year in The Accounting Review. He currently serves as an editor of the Journal of Accounting & Economics.
He has consulted with a wide range of companies, and provided expert testimony in a variety of high-profile litigation matters. His consulting and testimony focuses on design of executive compensation and incentives, corporate governance, employee stock option valuation, insider trading, firm valuation and financial statement analysis.
Professor Guay teaches the Core MBA Course on financial accounting. He received a PhD in Accounting from the Simon School of Business at the University of Rochester in 1998.