Faculty & Research

Regina Wittenberg Moerman

Associate Professor of Accounting

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5807 South Woodlawn Avenue
Chicago, IL 60637

Regina Wittenberg-Moerman specializes in financial reporting quality, financial contracting and information asymmetry, financial intermediation, and bond analysts. She has held positions at the Ministry of Finance in Jerusalem and the banking supervision department of the Bank of Israel. Before joining Chicago Booth in 2008, she was an assistant professor at the Wharton School at the University of Pennsylvania. She received a 2005 Award for Excellent Teaching Services from the Executive MBA Program at the Chicago Booth.

Wittenberg-Moerman's published research includes "The Role of Information Asymmetry and Financial Reporting Quality in Debt Trading: Evidence from the Secondary Loan Market" in the Journal of Accounting and Economics and “The Informational Role of Bond Analysts” in the Journal of Accounting Research.

Wittenber-Moerman is the recipient of numerous fellowships and awards, including a 2003 First Year Research Award and doctoral fellowship, both from Chicago Booth. She has made presentations at the 2006 and 2007 AAA annual meetings, the Center for Accounting Research and Education Conference, the FDIC/JFSR seventh annual Bank Research Conference, the Federal Reserve Bank of Chicago, Duke, MIT, Harvard, and Columbia. She is a referee for the Journal of Accounting Research, the Journal of Accounting and Economics, the Accounting Review and Review of Accounting Studies Journal.

At the Hebrew University of Jerusalem, Wittenberg-Moerman earned a bachelor's degree magna cum laude in accounting and economics in 1996 and an MBA summa cum laude in finance and accounting in 1999, when she won the Harry Simon Award and Best Graduate Paper in Finance Award. In 2006, Wittenberg-Moerman received an MBA and PhD from Chicago Booth.

In her free time, she enjoys ballroom dancing and traveling.


2014 - 2015 Course Schedule

Number Name Quarter
30000 Financial Accounting 2015 (Summer)

Other Interests

Ballroom dancing, travel.


Research Activities

Financial reporting quality; financial contracting and information asymmetry; financial intermediation; bond analysts.

With Gus De Franco, Florin Vasvari and Dushyantkumar Vyas, "A Debt Analysts' View of Debt-Equity Conflicts of Interest," The Accounting Review, forthcoming (March 2014).

With Robert Bushman, “The Role of Bank Reputation in 'Certifying' Future Performance Implications of Borrowers’ Accounting Numbers,” Journal of Accounting Research (2012).

With Anna Costello, “The Impact of Financial Reporting Quality on Debt Contracting: Evidence from the Internal Control Weakness Reports,” Journal of Accounting Research (2011).

With Robert M. Bushman and Abbie J. Smith, “Price Discovery and Dissemination of Private Information by Loan Syndicate Participants,” Journal of Accounting Research (2010).

With Gus De Franco and Florin P. Vasvari, "The Informational Role of Bond Analysts", Journal of Accounting Research, (2009).

"The Role of Information Asymmetry and Financial Reporting Quality in Debt Trading: Evidence from the Secondary Loan Market," Journal of Accounting and Economics (2008).