Haresh Sapra studies the real effects of accounting measurement policies, disclosure regulation, and corporate governance. His current research deals with issues of disclosure, transparency and financial reporting for financial institutions. For example, how do accounting measurement rules impact the optimal design of prudential regulation for financial institutions? His research has been published in journals such as The Accounting Review, Journal of Accounting Research, and Games and Economic Behavior. He is a certified public accountant in Illinois and teaches financial accounting to Executive students, an MBA elective on Mergers and Acquisitions and Corporate Restructuring Issues to full time and part time students and a PhD course on the economic modeling of accounting issues.
At Chicago Booth, Sapra has won numerous teaching awards. In 2005, Sapra was named one of the top-ranked professors in BusinessWeek's Guide to the Top Business Schools. In 2005, Sapra also won the Ernest R. Wish Accounting Research Award for his paper "Do Mandatory Hedge Disclosures Discourage or Encourage Excessive Speculation?"
Sapra earned a PhD in Business Administration in 2000 from the University of Minnesota and then joined the Chicago Booth faculty in 2000.
Sapra is an accomplished runner who has competed in numerous marathons.
2013 - 2014 Course Schedule
||Accounting and Financial Analysis II
||Economic Modeling of Accounting Issues
Disclosure regulation; economic consequences of accounting measurement policies; corporate governance.
With G. Plantin and H. Shin, "Mark-to-Market Accounting: Panacea or Pandora's Box," Journal of Accounting Research (2008).
With F. Gigler, C. Kanodia, and R. Venugopalan, "Accounting Conservatism and the Efficiency of Debt Contracts," Journal of Accounting Research (2009).
"The Economic Trade-offs in the Fair Value Debate," Journal of Law, Economics, and Policy (2010).
With T. Lu and A. Subramanian, “Agency Conflicts, Prudential Regulation, and Marking to Market,” Chicago Booth working paper (2012).
With I. Goldstein, “Should Banks’ Stress Test Results be Disclosed? An Analysis of the Costs and Benefits,” Chicago Booth working paper (2012).
For a listing of research publications please visit
’s university library listing