Edward Riedl
John F. Smith Jr. Professor in Accounting
Eddie Riedl is the John F. Smith Professor of Management, and Professor of Accounting at the Questrom School of Business. He was Chair of the Accounting Department from 2016-2022. He joined Boston University in 2011; he was previously at the Harvard Business School from 2002-2011. He graduated from Regis High School in New York City, the only all-scholarship high school in the country. He received a combined BBA/MBA at Pace University in 1992, and his PhD from Penn State University in 2002. Prior to entering academia, he worked at a Big 6 auditor, in internal audit at a Fortune 250 oil company, and in corporate reporting at a real estate brokerage house. During his career, he attained the professional designations of CPA, CMA, and CIA.
His research focuses on three mega-trends within financial reporting over the past two decades: fair value accounting, international reporting, and issues relating to ESG (environmental, social, and governance) reporting. He has published in the top-tier accounting (The Accounting Review, Journal of Accounting Research, Review of Accounting Studies, Contemporary Accounting Research) and management journals (Management Science), with over 100 presentations at universities around the world, including Harvard, Stanford, Chicago, London Business School, and Chinese University of Hong Kong. His research is award-winning, including receipt of the Competitive Manuscript Award (given for the top accounting dissertation). He has served on 20+ doctoral committees at both HBS and BU, and published extensively with doctoral students and junior faculty. He has been an editor at the leading accounting research journals of The Accounting Review (2018-2022), as well as at Contemporary Accounting Research (2017-2020).
Eddie teaches classes at the undergraduate, MBA, executive, and doctoral levels. His course ratings consistently rank in the top 1%, averaging 4.95/5.00. He has taught executive programs for a number of Fortune 500 firms, including BP, Ericsson, IBM, and TE Connectivity. His case studies have sold over 100,000 copies to date, with a focus on financial reporting and valuation topics in the real estate, financial services, agriculture, chemical, restaurant, and incarceration industries.
His passions are his wife and three children, otters (which he finally got to pet in 2023), movies, and (with hope springing ever eternal) the New York Mets.
Education
PhD, Pennsylvania State University, 2002
BBA, Pace University, 1992
MBA, Pace University, 1992
Selected Research Presentations
Riedl, E. ESG Risk Disclosures: The Predictive Ability of Industry Best Practice, Santa Clara University, Santa Clara, CA, 2023
Riedl, E. ChatGPT and Financial Analysis: Early Evidence, Columbia University, New York, NY, 2023
Riedl, E. Evidence of Valuation Spillover Effects for Regulatory Oversight in the Biotech Industry, University of Pennsylvania, Philadelphia, PA, 2023
Riedl, E. The Effect of Electronic Medical Records on Hospital Utilization Costs, Management Accounting Section Mid-Year Conference, Atlanta, GA, 2023
Riedl, E. Evidence of Valuation Spillover Effects for Regulatory Oversight in the Biotech Industry, University of Arizona, 2022
Riedl, E. Evidence of Valuation Spillover Effects for Regulatory Oversight in the Biotech Industry, Indiana University, 2022
Riedl, E. Counterpoised Disclosure: Evidence from the Biotechnology Industry, George Mason University, 2022
Riedl, E. Evidence of Valuation Spillover Effects for Regulatory Oversight in the Biotech Industry, Eqyptian Online Seminar Series, Cairo University – done via Zoom, 2022
Riedl, E. Changes in Risk Factor Disclosures and the Variance Risk Premium, Seminar, Fordham University, 2021
Riedl, E. Changes in Risk Factor Disclosures and the Variance Risk Premium, Workshop, Columbia University (online), 2021
Riedl, E. Changes in Risk Factor Disclosures and the Variance Risk Premium, Conference, University of Illinois Chicago (online), 2021
Riedl, E. Changes in Risk Factor Disclosures and the Variance Risk Premium, Seminar, Ludwig Maximilian University (LMU) (online), 2021
Riedl, E. Counterpoised Disclosure: Evidence from the Biotechnology Industry, Seminar, Monash University (online), 2021
Bayer, E. , Srinivasan, S. , Riedl, E. , Skiera, B. The Impact of Online Display and Paid Search Advertising Relative to Offline Advertising on Firm Performance and Firm Value
Publications
Anderson, J., Cao, Y., Riedl, E., Song, S. (In Press). “Other Comprehensive Income and Analysts’ Forecasts”, Review of Accounting Studies
Neururer, T., Papadakis, G., Riedl, E. (In Press). “The Effect of Reporting Streaks on Ex-Ante Uncertainty”, Management Science
Conaway, J., Liang, L., Riedl, E. (2023). “Market Perceptions of Fair Value Reporting for Tangible Assets”, JAAF: Journal of Accounting Auditing and Finance 908-933
Dietrich, R., Muller, K., Riedl, E. (2023). “On the Validity of Asymmetric Timeliness Tests of Accounting Conservatism”, Review of Accounting Studies 2150-2195
Lyle, M., Riedl, E., Siano, F. (2023). “Changes in Risk Factor Disclosures and the Variance Risk Premium”, The Accounting Review 327-352
Anderson, J., Cao, Y., Riedl, E., Song, S. (2023). “Other comprehensive income, its components, and analysts’ forecasts”, Review of Accounting Studies, 28 (2), 792-826
Riedl, E., Sun, E., Wang, G. (2021). “Sentiment, Loss Firms, and Investor Expectations of Future Earnings*”, Contemporary Accounting Research, 38 518-544
Bayer, E., Srinivasan, S., Riedl, E., Skiera, B. (2020). “The impact of online display advertising and paid search advertising relative to offline advertising on firm performance and firm value”, International Journal of Research in Marketing, 37 (4), 789-804
Neururer, T., Papadakis, G., Riedl, E. (2020). “The Effect of Reporting Streaks on Ex Ante Uncertainty”, Management Science, 66 (8), 3771-3787
Albuquerque, A., Chen, B., Dong, Q., Riedl, E. (2019). “Ex Post Settling Up in Cash Compensation: New Evidence”, Contemporary Accounting Research, 36 (Winter), 2283-2318
Grewal, J., Riedl, E., Serafeim, G. (2019). “Market Reaction to Mandatory Nonfinancial Disclosure”, Management Science, 65 (7), 3061-3084
Neururer, T., Papadakis, G., Riedl, E. (2016). “Tests of investor learning models using earnings innovations and implied volatilities”, Review of Accounting Studies, 21 (2), 400-437
Müller, M., Riedl, E., Sellhorn, T. (2015). “Recognition versus Disclosure of Fair Values”, The Accounting Review, 90 (6), 2411-2447
Liang, L., Riedl, E. (2014). “The Effect of Fair Value versus Historical Cost Reporting Model on Analyst Forecast Accuracy”, The Accounting Review, 89 (3), 1151-1177
Goncharov, I., Riedl, E., Sellhorn, T. (2014). “Fair value and audit fees”, Review of Accounting Studies, 19 (1), 210-241
Brochet, F., Jagolinzer, A., Riedl, E. (2013). “Mandatory IFRS Adoption and Financial Statement Comparability”, Contemporary Accounting Research, 30 (4), 1373-1400
Riedl, E., Serafeim, G. (2011). “Information Risk and Fair Values: An Examination of Equity Betas”, Journal of Accounting Research, 49 (4), 1083-1122
Muller, K., Riedl, E., Sellhorn, T. (2011). “Mandatory Fair Value Accounting and Information Asymmetry: Evidence from the European Real Estate Industry”, Management Science, 57 (6), 1138-1153
Riedl, E., Everett, J. (2010). “Restaurant Valuation: O’Charley’s and AFC”, Harvard Business School Accounting & Management Unit case (111)
Riedl, E., Meyer, K. (2010). “SIPEF: Biological Assets at Fair Value Under IAS 41”, Harvard Business School Accounting & Management Unit Case (110)
Riedl, E., Srinivasan, S., Katz, S. (2010). “Citigroup 2007: Financial Reporting and Regulatory Capital”, Harvard Business School Finance case (111)
Riedl, E. (2010). “Discussion of “Accounting Conservatism and the Temporal Trends in Current Earnings’ Ability to Predict Future Cash Flows versus Future Earnings: Evidence on the Trade-off between Relevance and Reliability”*”, Contemporary Accounting Research, 27 (2), 461-467
Riedl, E., Srinivasan, S. (2010). “Indication de la performance de l’entreprise au moyen de la présentation des états financiers: une analyse faisant appel aux éléments exceptionnels”, Contemporary Accounting Research, 27 (1), 16-16
Riedl, E., Srinivasan, S. (2010). “Signaling Firm Performance Through Financial Statement Presentation: An Analysis Using Special Items”, Contemporary Accounting Research, 27 (1), 8-8
Armstrong, C., Barth, M., Jagolinzer, A., Riedl, E. (2010). “Market Reaction to the Adoption of IFRS in Europe”, The Accounting Review, 85 (1), 31-61
Liang, L., Riedl, E., Venkataraman, R. (2008). “The determinants of analyst-firm pairings”, Journal of Accounting and Public Policy, 27 (4), 277-294
Dietrich, J., Muller, K., Riedl, E. (2007). “Asymmetric timeliness tests of accounting conservatism”, Review of Accounting Studies, 12 (1), 95-124
Riedl, E. (2004). “An Examination of Long-Lived Asset Impairments”, The Accounting Review, 79 (3), 823-852
Barron, O., Byard, D., Kile, C., Riedl, E. (2002). “High-Technology Intangibles and Analysts’ Forecasts”, Journal of Accounting Research, 40 (2)
Muller, K., Riedl, E. (2001). “External Monitoring of Property Appraisal Estimates and Information Asymmetry”, SSRN Electronic Journal