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Professor Wim A Van der Stede

CIMA Professor of Accounting and Financial Management
Head of Department of Accounting

Research interests

  • Management control systems: budgeting, performance measurement and incentive systems
  • Corporate governance: executive compensation and internal controls

Recent publications


  • Merchant, Kenneth A & Wim A Van der Stede (2012), Management Control Systems: Performance Measurement, Evaluation, and Incentives (London: Prentice Hall), Third Edition

    Translated in Italian (with L Zoni): Sistemi di controllo di gestione: misure di performance, valutazione e incentive (Milan: Pearson), 2013

    Translated in Indonesian, Sistem pengendalian manajemen: pengukuran kinerja, evaluasi, dan insentif (Jakarta: Salemba Empat), 2014

  Selected academic articles

  • Raffi Indjejikian, Michal Matejka, Kenneth A Merchant & Wim A Van der Stede (2014), Earnings Targets and Annual Bonus Incentives, The Accounting Review 89, 1227-1258 
  • Van der Stede, Wim A (2014), A Manipulationist View of Causality in Cross-Sectional Survey Research, Accounting, Organizations & Society 39, 567-574
  • Van der Stede, Wim A (2013), Discussion of ‘The Role of Performance Measures in the Inter-temporal Decisions of Business Unit Managers’, Contemporary Accounting Research 30, 962-969
  • Van der Stede, Wim A (2013), Review of ‘Discretion in Managerial Bonus Pools’, The Accounting Review 88, 351-354
  • Van der Stede, Wim A (2011), Management Accounting Research in the Wake of the Crisis: Some Reflections, European Accounting Review 20, 605-623
  • Gong, James, Wim A Van der Stede & Mark Young (2011), Real Options in the Motion Picture Industry: Evidence from Film Marketing and Sequels, Contemporary Accounting Research 28, 1438-1466
  • Merchant, Kenneth A, Wim A Van der Stede, Thomas W Lin & Zengbiao Yu (2011), Performance Measurement and Incentive Compensation: An Empirical Analysis and Comparison of Chinese and Western Firms' Practices, European Accounting Review 20, 639-667
  • Balachandran, Kashi R, Andrea Dossi & Wim A Van der Stede (2010), Corporate Governance Research in 'The Rest of the World', Journal of Accounting Auditing & Finance 25, 523-530
  • Matejka, Michal, Kenneth A Merchant & Wim A Van der Stede (2009), Employment Horizon and the Choice of Performance Measures: Empirical Evidence from Annual Bonus Plans of Loss-Making Entities, Management Science 55, 890-905
  • Gibbs, Michael, Kenneth A Merchant, Wim A Van der Stede & Mark E Vargus (2009), Performance Measure Properties and Incentive System Design, Industrial Relations 48, 237-264
  • Jansen, Pieter, Kenneth A Merchant & Wim A Van der Stede (2009), National Differences in Incentive Compensation Practices: The Differing Roles of Financial Performance Measurement in The United States and The Netherlands, Accounting, Organizations & Society 34, 58-84

  Selected other articles, chapters, and practice contributions  

  • Van der Stede, Wim A (2015), Management Accounting: Where From, Where Now, Where To?, Journal of Management Accounting Research, 171-176
  • Van der Stede, Wim A (2014), Budgeting and Management Control, In: Wiley Encyclopedia of Accounting (Vol. 1 of Wiley Encyclopedia of Management), 3e, 109-115
  • Van der Stede, Wim A & Dimitri Kruik (2013), Governance Culture in the Boardroom, Management Control and Accounting (February), 10-13
  • Young, Mark S, James J Gong & Wim A Van der Stede (2012), Using Real Options to Make Decisions in the Motion Picture Industry, Strategic Finance (May), 53-59
  • Van der Stede, Wim A (2011), Risk and Governance Reporting: Challenges for Effective Disclosures, CFO Aktuell (December), 200-203
  • Van der Stede, Wim A & Tommaso Palermo (2011), Scenario Budgeting: Integrating Risk and Performance, Finance & Management 184, 10-13
  • Van der Stede, Wim A (2009), Designing Effective Reward Systems, Finance & Management 170 (October), 6-9
  • Van der Stede, Wim A (2009), Risk and Performance Management through the Business Cycle, CMA Management (May), 24-27

  Selected cases

  • Statoil
  • Pacific Sunwear of California, Inc
  • Controls at the Bellagio Casino Resort
  • Southern California Edison
  • Superconductor Technologies, Inc
  • Catalytic Solutions, Inc

Appointments, awards and honours

  Selected editorial roles

  • Accounting Organizations and Society (Editorial Board)
  • Behavioral Research in Accounting (Editorial Board)
  • Contemporary Accounting Research (Past Associate Editor, Ad-hoc Editor)
  • European Accounting Review (Editorial Board)
  • Management Accounting Research (Editor-in-Chief)
  • The Accounting Review (Editorial Board)

  Selected appointments

  • CIMA Professor of Accounting and Financial Management (2008-present)
  • President of the Management Accounting Section of the American Accounting Association: President-Elect (2009-10); President (2010-11); Past President (2011-12)
  • American Accounting Association Governance Committee (2015-18)
  • American Accounting Association Finance Committee (2009-12)
  • American Accounting Association Council (2009-12)
  • European Accounting Association Publications Committee (2008-11; 2012-13, Chair)

   Selected awards

  • 2014 AAA Notable Contribution to Management Accounting Literature Award, runner-up
  • 2009 Article of Merit, International Federation of Accountants (IFAC)
  • 2009 Jim Bulloch Award for Innovations in Management Accounting Education, Institute of Management Accountants (IMA)
  • 2007 AAA Notable Contribution to Management Accounting Literature Award


Other web pages



Contact information

Department of Accounting
Room OLD 2.18
London School of Economics and Political Science
Houghton Street
London WC2A 2AE

Phone: +44 (0)20 7955 6695
Fax: +44 (0)20 7242 3912

Email: w.van-der-stede@lse.ac.uk

Administrative contact

Justin Adams, Administrator
Room OLD 3.20
Tel: +44 (0)20 7955 6542
Email: j.adams5@lse.ac.uk