James A. Brickley
Gleason Professor of Business Administration
Professor Brickley has research and teaching interests in the economics of organizations, corporate governance and compensation policy, corporate finance, franchising and banking. From 1989 to 1991, he was chairman of the Finance Department and research director at he University of Utah's Garn Institute of Finance. Professor Brickley was chairman of he Committee on MBA Programs from 1994-1997.

Prior to his position at the University of Utah, Brickley was an associate professor of economics at the Simon School. In 1987 the Simon School M.B.A. Class of 1988 presented him the Distinguished Teaching Award. He has also been on the Simon School's "teaching honor roll." His papers have been published in the Journal of Business, Journal of Law and Economics, The Journal of Finance, Journal of Accounting and Economics, Journal of Financial Economics, Journal of Economic Perspectives, the Journal of Risk and insurance, the Journal of Financial and Quantitative Analysis, Financial Management and Journal of Corporate Finance. A study published in Financial Management (Autumn 2001) reported that Brickley was among the most cited researchers in leading finance journals over the 25-year period of 1974-1998 (top one percent out of a total 12,637 individuals). Professors Brickley, Clifford W. Smith Jr., and Jerold L. Zimmerman co-authored Managerial economics and Organizational Architecture (Irwin/McGraw-Hill). Brickley is associate editor of several finance and accounting journals.

In addition to his academic achievements, Brickley has been a consultant for major corporations and law firms on organizational issues and franchising. He has also held various positions in government in the state of Oregon, including executive director of the Jackson- Jo sephine County C.E.T.A. Program, public transportation planner of the Rogue Valley Council of Governments and economic analyst for an economic development district.

B.S., Economics, University of Oregon
M.S., Economics, University of Oregon
Ph.D., Finance, University of Oregon

Clifford W. Smith Jr.
Louise and Henry Epstein Professor of Business Administration and Professor of Finance and Economics
Professor Smith has research interests in the fields of corporate financial policy, derivative securities and financial intermediation. He has published 14 books and over 80 articles in leading finance and economics journals. Students in the Executive Development Program have given him their Superior Teaching Award 16 times; students in the M.B.A. program have given him their Superior Teaching Award 10 times. In 1986, he was given the first Special Award for a Perfect Teaching Rating by the School; in 1983 he was chosen as a University Mentor in recognition of his scholarship and teaching.

Smith served as vice president for Global Services of the Financial Management Association International and has served as president of the Risk Theory Society, president of the Financial Management Association National Honor Society, vice president of the International Economics and Finance Society, a member of the board of advisors of the International Association of Financial Engineers, and a member of the board of directors of the Southern Finance Association. He is an advisory editor of the Journal of Financial Economics; an associate editor of the Journal of Financial Engineering, Journal of Risk and Insurance, Financial Management, Financial Practice and Education, The Journal of Derivatives, and The Journal of Financial Research; Member of the editorial board of Applied Corporate Finance, The Financier, Contemporary Finance Digest, and The Arbitrageur. His paper "Trading Cost for Listed Options: The Implications for Market Efficiency" (with Susan M. Phillips) was awarded the Pomerance Prize for Excellence in Options Research by the Chicago Board Options Exchange for 1980; his paper "On the Convergence of Insurance and Finance Research" was awarded the Alpha Kappa Psi-Spangler Award by the American Risk and Insurance Association for 1996.

B.A., Economics
Emory University
Ph.D., Economics
University of North Carolina at Chapel Hill

Jerold L. Zimmerman
Professor of Accounting and Ronald L. Bittner
Professor of Business Administration
Professor Zimmerman's research and teaching interests involve financial and managerial accounting. He and Professor Ross L. Watts received American Institute of Certified Public Accountants Awards in 1979 and 1980 for their joint papers. He received the American Accounting Association award for Seminal Contribution to Accounting Literature in 2004. He was the 1978 winner of the Competitive Manuscript Award, sponsored by the American Accounting Association, for his paper, "The Costs and Benefits of Cost Allocation." His research, which has come to be called "positive theories of accounting," seeks to understand the costs and benefits of various accounting procedures. He and Watts co-authored a book, Positive Accounting Theory, published by Prentice-Hall in 1986. Zimmerman's Accounting Review article, "Labor Union contract Negotiations and Accounting Choices," examined the association between earnings changes and labor-contract negotiations. His papers "Efficient and Opportunistic Choices of Accounting Procedures: Corporate Control Contests" (with Andrew A. Christie) and "Price and Return Models" (with S.P. Kothari) were published in Accounting Review and Jo urnal of Accounting and Economics, respectively.

Zimmerman's current research with James A. Brickley is "Changing Incentives in a Multitask Environment: The Case of Teaching at a Top-Tier Business School." and with A. Scott Keating is "Depreciation Policy Changes." Zimmerman, along with James A. Brickley and Clifford W. Smith Jr., co-authored Managerial Economics and Organizational Architecture, published by McGraw-Hill. In addition, the fifth edition of Zimmerman's textbook, Accounting for Decision Making and Control, was published by McGraw-Hill. Professors Cheryl McWatters (McGill University), Dale Morse (University of Oregon), and Zimmerman are completing the second edition of an undergraduate accounting text, Managerial Accounting, also available from McGraw-Hill.

Zimmerman is editor (with Ray Ball, S.P. Kothari and Ross L. Watts) of the Jo urnal of Accounting and Economics. He was also a distinguished faculty member of the American Accounting Association's Doctoral Consortium, and visiting professor at Chinese University of Hong Kong, Hong Kong University of Science and Technology, and Hong Kong University.

B.S. (cum laude), Finance,
University of Colorado
Ph.D., Business
Administration, University of California at Berkeley