Professor Dr. Garen Markarian
Chair of Financial Accounting
Garen Markarian specializes in financial accounting, corporate finance, and private equity. He has held the Chair of Financial Accounting at WHU - Otto Beisheim School of Management since 2014. He is also Faculty Director of two Executive Education Programs at WHU: Value Creation in Private Equity and Venture Capital and Risk Management for Executives (in cooperation with Stockholm School of Economics). Previously, he taught at IE Business School (Madrid), HEC (Paris), Bocconi (Milan), Concordia (Montreal), Rice University (Houston), and Case Western Reserve (Cleveland).
Professor Markarian has published widely in the fields of corporate governance, executive compensation, the banking crisis, and financial statements and valuation. He is an award-winning teacher, and his publications have won prizes from the American Finance Association and the American Accounting Association, and have been mentioned in the Financial Times and CFO magazine.
Previously, Professor Markarian was a consultant for Standard & Poor’s “Society of Industry Leaders”. He has also held the position of First Regional Economic Officer for the United Nations (western Asia headquarters). Professor Dr. Markarian holds a Ph.D. in Management from the Weatherhead School of Management at Case Western Reserve University.
Honors & Awards
|2019||WHU Teacher of the Year, Full-Time MBA Program|
|2017||WHU Teacher of the Year, Part-Time MBA Program|
|2015||WHU Teacher of the Year, Full-Time MBA Program|
|2016||WHU Teacher of the Year, Full-Time MBA Program|
|2015||Award for Excellence, Academy of Accounting Historians|
|2012||First Place, Annual FEF Research Prize (€18,000), Income Smoothing and Idiosyncratic Volatility, Fundacion De Estudios Financieros (FEF: Institute of Financial Studies)|
|2012||Finalist, Teacher of the Year, IE Business School, MBA program|
|2011||Finalist, Teacher of the Year, IE Business School,MBA program|
|Best Paper Award, IV Research Form of the Spanish Journal of Finance and Accounting, Income Smoothing and Idiosyncratic Volatility, co-authored with Belen Gil-de-Albornoz, Universidad Jaume I|
|2008||Honorable Mention, Family Business Review Best Article Award Committee, Earnings Management in Family Firms: Evidence From R&D Cost Capitalization in Italy, co-authored with Annalisa Prencipe and Lorenzo Pozza, Bocconi University|
|2008||Research Excellence Award, IE University, For contributions to research, 2004-2007|
|2008||Teacher of the Year, IE Business School, Masters of Management programs|
|2007||Best Paper Award, Issues in Accounting Education, Accounting Faculty as an Endangered Species: An Empirical Assessment of the Rise and Fall of An Academic Discipline, co-authored with Timothy Fogarty|
|2005||Outstanding Manuscript Award, American Accounting Association - Accounting Programs Leadership Group, Accounting Faculty as an Endangered Species: An Empirical Assessment of the Rise and Fall of An Academic Discipline, co-authored with Timothy Fogarty|
|2004||First Prize, Best Paper in Corporate Finance, Eastern Finance Association, Stock Options Expensing: Evidence from Shareholders’ Votes, co-authored with Fabrizio Ferri and Tatiana Sandino|
|2004||1st Place, Deloitte and Touche Graduate Student Paper Competition, AAA Ohio Section, Managerial Wealth Related Incentives and Earnings Management (first place among 56 eligible schools)|
|2003||Third place, among more than one hundred and fifty courses offered during the academic year, Weatherhead School of Management, Undergraduate Teaching Excellence Award|