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Lys Appointed to Kohler Chair in Accounting

November 21, 2006

EVANSTON, Ill. --- Thomas Z. Lys, professor of accounting information and management in the Kellogg School of Management at Northwestern University, has been appointed the Eric L. Kohler Chair in Accounting.

Lys, who has a courtesy appointment as professor of law in the School of Law, was director of the Guthrie Center for Real Estate Research at Northwestern from 1997 to 2006. The center engages the Kellogg School faculty and students in research projects that involve real estate markets, public and private finance, project management and the development process. The center also assists students in finding summer and full-time employment.

His research investigates analyst earnings forecasts and stock valuations; efficiency of analysts' earning forecasts; implications of tax laws for the optimal structure of two-tier merger offers; stock price behavior following earnings announcements; and properties of estimators of auto-correlation coefficients.

Lys teaches courses in Kellogg's MBA program in real estate finance, financial reporting, security analysis and mergers and acquisitions. He also co-teaches mergers and acquisitions with a faculty member from the School of Law. This course is offered to both business and law school students.

In Kellogg's Executive Master's program Lys teaches courses on financial reporting, security analysis and behavioral finance, integrating both the economic and the behavioral perspectives of financial decision making.

Lys has received the Outstanding Professor of the Year Award five times from Kellogg's Executive MBA program and has been twice awarded the Sidney J. Levy Teaching Award in Kellogg's regular MBA program.

He is editor of the Journal of Accounting and Economics, a leading accounting journal, and has served on the editorial board of The Accounting Review.

Lys, who joined the Northwestern faculty in 1981, has served as a consultant to several corporations, including USX Corporation, UNR Corporation, Beckman Instruments Inc., G.E. Capital, IBM, Amgen, Sun Microsystems, Grace Kennedy Inc., the International Investor and Ciba Geigy, among others.

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