# Ilan Guttman 0 ig18 [Tenured or Tenure Track](/taxonomy/term/4799) Professor of Accounting The Peter Drucker Faculty Fellow 2013 ![Ilan Guttman profile photo](/sites/default/files/styles/480w_x_543h/public/media/iguttman.jpg?h=89fff19e&itok=WIW1qepW) Kaufman Management Center 44 West Fourth Street, 10-76 New York, NY 10012 10-76 0 - Ph.D, Economics, 2004 The Hebrew University - M.A, Economics and Business Administration, 1996 The Hebrew University - B.Sc., Computer Science, 1996 The Hebrew University - B.A., Economics, 1995 The Hebrew University - Financial Accounting and Reporting (MBA and Undergraduate) - Theoretical Research in Financial Accounting (PhD) Ilan Guttman joined New York University Stern School of Business in July 2013. Professor Guttman teaches courses at the graduate and doctoral levels and he is the director of the accounting PhD program. Professor Guttman's primary research interest lies in the application of economics of information in capital market settings. His recent research focuses on disclosure decisions by information holders (managers, financial analysts and others) and the market reaction to these disclosures. Some of the issues Professor Guttman has been studying include the nature of manipulation of disclosure by interested parties when disclosure is mandatory (such as in earnings management) and when it is voluntary; how managers' ability to manipulate reported earnings affects managers' optimal contracts; the interdependencies between disclosure, both mandatory and voluntary, and real decisions (e.g., investment and dividend decisions); the implications of studying a dynamic multi-period setting, rather than a single period setting, on voluntary disclosure decisions and earnings management decisions; debt contracting, analysts' optimal timing for issuing forecasts; and analysts' choice of optimal bias in their forecast. Professor Guttman's work has been published in *The Accounting Review*, *The American Economic Review*, the *Review of Financial Studies*, the *Journal of Financial Economics*, the *Journal of Accounting Research*, the *Review of Financial Studies* and in *Management Science*. Prior to joining NYU Stern, Professor Guttman served on the faculty of Stanford Graduate School of Business where he taught M.B.A. and Ph.D. classes. Professor Guttman earned his B.A. in Economics, B.Sc. in Computer Science, M.A. in Economics and Business Administration, and Ph.D. in Economics, all from the Hebrew University of Jerusalem where he also taught microeconomics, finance and macroeconomics. Accounting - Earnings Management - Financial Accounting - Financial Reporting - Real Effects of Accounting Finance - Corporate Finance - Financial Intermediation Economics - Microeconomics - Game Theory - Economics of information - Voluntary and mandatory disclosure - Earnings management - Financial analysts - Debt contracting - Dividend policy - Aghamolla, C and I. Guttman (2021) Strategic Timing of Disclosure and IPOs - A Dynamic Model of Multiple Firms The Accounting Review, 96(3) - Guttman, I. and X. Meng (2021) The Effect of Voluntary Disclosure on Investment Inefficiency The Accounting Review, 96(1) - Frenkel S., I. Guttman and I. Kremer (2020) The Effect of Exogenous Information on Voluntary Disclosure and Market Quality The Journal of Financial Economics, 138(1) - Beyer, A., I. Guttman and I. Marinovic (2019) Earnings Management and Earnings Quality: Theory and Evidence The Accounting Review, 94, 2019. - Guttman, I. and I. Marinovic (2018) Optimal Debt Contracts in the Presence of Performance Manipulation Review of Accounting Studies, 23, 2018. - Guttman, I., I. Kremer and A. Skrzypacz (2014) Not Only What But Also When: A Theory of Dynamic Voluntary Disclosure The American Economic Review, 104, 2014. - Beyer, A., I. Guttman and I. Marinovic (2014) Optimal Contracts with Performance Manipulation Journal of Accounting Research, 52, 2014. - Beyer, A., and I. Guttman (2011) The Effect of Trading Volume on Analysts' Forecast Bias, The Accounting Review, 86, 2011 - I. Guttman (2010) The Timing of Analysts' Earnings Forecasts The Accounting Review, 85, 2010 - Beyer, A., and I. Guttman (2012) Voluntary Disclosure, Manipulation and Real Effects Jounal of Accounting Research, 50, 2012 [https://w4.stern.nyu.edu/faculty/static/cv/cv\_ig18\_20220407.pdf](https://w4.stern.nyu.edu/faculty/static/cv/cv_ig18_20220407.pdf)