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Mark A. Covaleski

Mark Covaleski
Department Chair | Accounting and Information Systems
Professor | Accounting and Information Systems
Richard J. Johnson Chair of the Department of Accounting and Information Systems, Robert Beyer Professor in Accounting
608-262-4239
4108 Grainger Hall

Biography

Mark A.Covaleski is the Richard J. Johnson Chair of the Department of Accounting and Information Systems and the Robert Beyer Professor of Managerial Accounting and Control in the Wisconsin School of Business at the University of Wisconsin-Madison. Covaleski’s research pertains to the use of accounting information for planning and control in organizations and society. His teaching is primarily in the area of strategic cost management, managerial accounting, and health care financial management. He teaches at the undergraduate, graduate, and executive levels in the School of Business, and at the graduate and executive levels in the School of Medicine and Public Health. He has previously taught at the Copenhagen School of Business, the School of Medicine and Tropical Diseases at Tulane University, and the Career Advancement and Leadership Development (CALD) Program at Mayo Clinic. Covaleski received his Ph.D. from the Pennsylvania State University, MBA from the University of Utah, and B.S. from Gannon University.

Research

Selected Published Journal Articles

Covaleski, M. & Earley, C. & Zehms, K. (2021). The Lived Reality of Public Accounting Interns The Journal of Accounting Education

Covaleski, M. & Hoque, Z. (2020). COVID-19 Pandemic and Accounting – Reflexive Essay: An Overview Journal of Accounting & Organizational Change

Covaleski, M. (2020). Critical Realism in Management Accounting Research: The Relevance of the Work of John R. Commons Journal of Management Accounting Research

Covaleski, M. & Kaufman, M. (2019). Budget Formality and Informality as a Tool for Organizing and Governance Amidst Divergent Institutional Logics Accounting, Organizations and Society

Covaleski, M. & Haynes, K. & Hoque, Z. & Parker, L. (2017). Researching Everyday Accounting Practice: Epistemological Debate The Routledge Companion to Qualitative Accounting Research Methods

Covaleski, M. & Dirsmith, M. & Samuel, S. (2017). Analysing and Interpreting Qualitative Data in Accounting Research The Routledge Companion to Qualitative Accounting Research Methods

Covaleski, M. & Dirsmith, M. & Samuel, S. (2017). Social Constructionist Research in Accounting: A Reflection on the Accounting Profession The Routledge Companion to Qualitative Accounting Research Methods

Hoque, Z. & Parker, L. & Covaleski, M. & Haynes, K. (2017). The Routledge Companion to Qualitative Accounting Research Methods Routledge

Hoque, Z. & Covaleski, M. & Gooneratne, T. (2015). A Response to ‘Theoretical Triangulation and Pluralism in Accounting Research: A Critical Realist Critique’ Accounting, Auditing & Accountability Journal

Dirsmith, M. & Covaleski, M. & Samuel, S. (2015). On Being Professional in the 21st Century: An Empirically-Informed Essay Auditing: A Journal of Practice & Theory

Covaleski, M. & Dirsmith, M. & Samual, S. & Weiss, J. (2014). From the Physical to the Fiscal: Monetizing the Poor Public Administration Research

Hoque, Z. & Covaleski, M. & Gooneratne, T. (2013). Theoretical Triangulation and Methodological Pluralism in Management Accounting Research Accounting, Auditing & Accountability Journal

Covaleski, M. & Dirsmith, M. & Weiss, J. (2013). The Social Construction, Challenge and Transformation of a Budgetary Regime: The Endogenization of Welfare Regulation by Institutional Entrepreneurs Accounting, Organizations and Society

Covaleski, M. & Dirsmith, M. (2012). Introduction: Special Forum on Sociological Perspectives of Accounting Behavioral Research in Accounting

Covaleski, M. & Dirsmith, M. & Weiss, J. (2012). The Mesodomain of Welfare Reform: Renegotiating the Order of Economic Inequality Studies in Symbolic Interaction

Dirsmith, M. & Samuel, S. & Covaleski, M. (2009). The Inter-Play of Power vs. Meta-Power in the Social Construction of Entrepreneurial Professional Service Firms Studies in Symbolic Interaction

Samuel, S. & Covaleski, M. & Dirsmith, M. (2009). On the Eclipse of Professionalism in Accounting: An Essay Accounting, Organizations, and Institutions: Essays in Honor of Anthony Hopwood

Evans, H. & Covaleski, M. & Luft, J. & Shields, M. (2007). Budgeting Research: Three Theoretical Perspectives and Criteria for Selective Integration Handbook of Management Accounting Research, Vol 2.

Covaleski, M. (2006). Book Review of “Conflicts of Interest: Challenges and Solutions in Business Law, Medicine and Public Policy” Administrative Science Quarterly

Covaleski, M. & Dirsmith, M. & Mantzke, K. (2005). Institutional Destabilization and the New Public Management: The Case of Tax Incremental Financing International Journal of Public Policy

Dirsmith, M. & Covaleski, M. & Heian, J. (2005). A Thematic Deconstruction of Formalist and Expertise Voices in Big Five (Four) Public Accounting Firms Critical Inquiry in Language Studies

Covaleski, M. (2005). The Changing Nature of the Measurement of the Economic Impact of Nursing Care on Health Care Organizations Nursing Outlook

Covaleski, M. & Dirsmith, M. & Samuel, S. (2005). Changes in the Institutional Environment and the Institutions of Government Accounting, the Social and the Political

Covaleski, M. & Evans, H. & Luft, J. & Shields, M. (2003). Budgeting Research: Three Theoretical Perspectives and Criteria for Selective Integration Journal of Management Accounting Research

Covaleski, M. & Dirsmith, M. & Rittenberg, L. (2003). Jurisdictional Disputes Over Professional Work: The Institutionalization of the Global Knowledge Expert Accounting, Organizations and Society

Covaleski, M. & Dirsmith, M. & Samuel, S. (2003). Changes in the Institutional Environment and the Institutions of Governance: Extending the Contributions of Transaction Cost Economics within the Management Control Literature Accounting, Organizations and Society

Covaleski, M. (2001). Income Statement Management in a Turbulent Health Care Environment Seminars in Vascular Surgery

Rittenberg, L. & Covaleski, M. (2001). Internalization versus Externalization of the Internal Audit Function Accounting, Organizations and Society

Rittenberg, L. & Covaleski, M. (1999). The Outsourcing Phenomenon Internal Auditor

Covaleski, M. (1999). Labor’s Changing Responses to Management Rhetorics: A Study of Accounting-Based Incentive Plans During the First Half of the 20th Century Accounting Historians’ Journal

Samuel, S. & Covaleski, M. & Dirsmith, M. (1998). The Accounting Blues Stephen Crane Studies

Covaleski, M. & Dirsmith, M. & Heian, J. & Samuel, S. (1998). Objectivizing the Subject and Subjectivizing the Object in Big 6 Public Accounting Firms: Techniques of Discipline and the Self Administrative Science Quarterly

Dirsmith, M. & Heian, J. & Covaleski, M. (1997). Structure and Agency in an Institutionalized Setting: The Application and Social Transformation of Control in the Big Six Accounting, Organizations and Society

Covaleski, M. & Dirsmith, M. & Samuel, S. (1997). The Rise of a Postmodernist in the Progressive Era: A Strategic Deconstruction of John R. Commons’ Regulatory Discourse Journal of Economic Issues

Covaleski, M. & Dirsmith, M. & Samuel, S. (1996). Managerial Accounting Research: The Contributions of Organizational and Sociological Theories. Journal of Management Accounting Research

Covaleski, M. & Dirsmith, M. (1995). The Preservation and Use of Public Resources: Transforming the Immoral into the Merely Factual Accounting, Organizations and Society

Oakes, L. & Covaleski, M. (1994). An Historical Examination of the Use of Accounting Based Incentive Plans in the Structuring of Labor-Management Relations Accounting, Organizations and Society

Colignon, R. & Covaleski, M. (1993). Accounting Practices and Organizational Decision Making The Sociological Quarterly

Covaleski, M. & Colignon, R. (1993). A Field Study of the Centralization of the Strategic Planning and Control Process in a High-Technology Firm Journal of Managerial Issues

Covaleski, M. & Dirsmith, M. & Jablonsky, S. (1991). Traditional and Emergent Theories of Budgeting Accounting Control Systems: A Technical, Social, and Theoretical Integration

Covaleski, M. & Dirsmith, M. (1991). The Management of Legitimacy and Politics in Public Sector Administration Journal of Accounting and Public Policy

Covaleski, M. & Dirsmith, M. (1990). Dialectic Tension, Double Reflexivity and the Everyday Accounting Researcher: On Using Qualitative Methods Accounting, Organizations and Society

Covaleski, M. & Dirsmith, M. (1988). The Use of Budgetary Symbols in a Political Arena: An Historically Informed Field Study Accounting, Organizations and Society

Covaleski, M. & Dirsmith, M. (1988). An Extended Institutional Perspective of the Rise, Social Transformation, and Fall of a University Budget Category Administrative Science Quarterly

Covaleski, M. & Dirsmith, M. & White, C. (1987). Economic Consequences: The Relationship Between Financial Reporting and Strategic Planning, Management, and Operating Control Decisions Contemporary Accounting Research

Covaleski, M. & Aiken, M. (1986). Accounting and Theories of Organizations: Some Preliminary Considerations Accounting, Organizations and Society

Covaleski, M. (1986). The Budgetary Process of Power and Politics Accounting, Organizations and Society

Covaleski, M. (1986). Social Expectation, Accounting, and Management Practices in the Health Sector Research in Governmental and Non-Profit Accounting

Covaleski, M. (1985). Predicting Individuals’ Turnover and Internal Transfer Behavior Journal of Nursing Research

Covaleski, M. & Dirsmith, M. (1985). Informal Communications, Nonformal Communications, and Mentoring in Public Accounting Firms Accounting, Organizations and Society

Covaleski, M. (1985). Practice Management Issues in Public Accounting. Journal of Accounting, Auditing and Finance

Covaleski, M. (1985). Cost Containment: Budgeting and the Roles of Middle Management. The Health Care Supervisor

Covaleski, M. & Dirsmith, M. & Jablonsky, S. (1985). Traditional and Emergent Theories of Budgeting: An Empirical Analysis Journal of Accounting and Public Policy

Covaleski, M. & Dirsmith, M. & McAllister, J. (1985). On Paradigms and Metaphors in Auditing Thought Contemporary Accounting Research

Covaleski, M. & Davis, C. (1984). An Empirical Examination of Capital Expenditure in the Health Sector Journal of Accounting and Public Policy

Covaleski, M. & Chapman, M. (1984). Accounting and the Celebration of Rationality in Human Service Delivery Organizations Journal of Evaluation and Program Planning

Covaleski, M. & Dirsmith, M. (1984). Building Tents for Nursing Services Through Budget Negotiation Skills Nursing Administration Quarterly

Covaleski, M. & Dirsmith, M. (1983). Budgeting as a Means for Control and Loose Coupling. Accounting, Organizations and Society

Covaleski, M. & Dirsmith, M. (1983). Strategy, External Communication and Environmental Context Strategic Management Journal

Covaleski, M. & Levy, M. & Johnson, A. (1982). Intra-Organizational Strategic Decision Model in the Certificate-of-Need Application Process Health Care Management Review

Covaleski, M. (1982). Comment on the Relevance of Fisher’s Concept of Present Value to Financial Accounting. Atlantic Economic Journal

Covaleski, M. & Davis, C. (1981). Capital Maintenance and Equity Erosion in the Nursing Home Industry: A Study in One State Journal of Long-Term Care Administration

Covaleski, M. (1981). Budgeting in the Nursing Services Area: Management Control, Political and Witchcraft Uses Health Care Management Review

Covaleski, M. & Davis, C. (1981). Alternative Capital Reimbursement Policies for Wisconsin Nursing Homes: A Simulation Study Inquiry: The Journal of Health Care Organization, Provision and Financing

Covaleski, M. & Dirsmith, M. (1981). The Adoption of Looser, Locally Administered Forms of MBO: A Consideration for Hospital Administrators Health Care Management Review

Covaleski, M. (1981). The Economic and Professional Legitimacy of Nursing Services Hospital and Health Services Administration

Covaleski, M. & Dirsmith, M. (1981). MBO and Goal-Directedness in a Hospital Contex Academy of Management Review

Covaleski, M. (1981). Management Control of Drug Administration Programs American Journal of Hospital Pharmacy

Covaleski, M. (1981). Make or Buy a Central Supply Item: An Application of a Relevant Incremental Cost Model Hospital Material Management Quarterly

Presentations

Adena Health System, Columbus, Ohio (2020)

Adfinitas Health, Hanover, MD (2020)

Advocate Health Care Systems, Chicago (2020)

Affiliated Community Medical Centers, Willmar, Minnesota (2020)

Alegent Health, Omaha, Nebraska (2020)

American Academy of Orthopedic Surgeons (2020)

American Association for Critical Care Nurses, Seattle, WA (2020)

American College of Physician Executives, Tampa, FL (2020)

American Urological Association (2020)

Aspirus Health System, Wausau, WI (2020)

Atlantic Health System, NJ (2020)

Aultman Hospital, Canton, OH (2020)

Aurora Health Care System, Milwaukee, WI (2020)

Barton Health System, California (2020)

Baystate Health, Springfield, MA (2020)

Beverly Hospital, Boston, MA (2020)

Blue Cross Blue Shield of Massachusetts (2020)

Brigham and Women’s Hospital, Boston (2020)

Carolina East Health System, New Bern, NC (2020)

Catholic Health Initiatives, Denver, CO (2020)

Center for Health Care Quality, Memphis, TN (2020)

Children’s Hospital, Milwaukee, WI (2020)

Christiana Care Health System, Newark, Del (2020)

Christie Clinic, Champaign, IL (2020)

Cooper Health System, Camden, NJ (2020)

Crouse Hospital, Syracuse, NY (2020)

Edward-Elmhurst Healthcare, Chicago, IL (2020)

Evanston Northwestern Healthcare , Evanston, IL (2020)

Everett Clinic, Everett, WA (2020)

Fairview Health System, Minneapolis, MN (2020)

Fallon Clinic, Worchester, MA (2020)

Fletcher Allen Health Care, Burlington, VT (2020)

Franciscan Skemp, La Crosse, WI (2020)

Geisinger Medical Center, Danville, PA (2020)

General Electric Medical Systems (2020)

Greater Louisville Medical Society (2020)

Guthrie Clinic, Sayre, PA (2020)

Hamot Medical Center, Erie, PA (2020)

Harvard Community Health Plan, Boston, MA (2020)

Hurley Medical Center, Flint, MI (2020)

Kaweah Delta Health Care District, Visalia, CA (2020)

Kentucky One Health System, Louisville, KY (2020)

Kings Daughters Health System, Ashland, Kentucky (2020)

Legacy Health Care System, Portland, OR (2020)

Lexington Health, Columbia, SC (2020)

Louisiana Hospital Association, Baton Rouge, LA (2020)

Olmsted Medical Center, Rochester, MN (2020)

Marshfield Clinic, Marshfield, WI (2020)

Mayo Clinic, Jacksonville, FL (2020)

Mayo Clinic, Rochester, MN (2020)

Memorial Mission Medical Center, Asheville, NC (2020)

Mercy Health System, Des Moines, IA (2020)

Mercy Health System, Detroit, MI (2020)

Meridian Health System, Hackensack, NJ (2020)

Meritus Health System, Hagerstown, MD (2020)

MertiCare Health System, Fargo, ND (2020)

Methodist Health System, Dallas, TX (2020)

Milwaukee Regional Medical Center, Milwaukee, WI (2020)

Morristown Memorial Hospital, Morristown, NJ (2020)

Mountain States Health Care Alliance, Johnson, TN (2020)

Nemours Health System, Wilmington, DE (2020)

Northwest Community Hospital, Arlington Heights, IL (2020)

Northwestern Memorial Hospital, Chicago, IL (2020)

Norton Healthcare, Louisville, KY (2020)

Palamero Health System, San Diego, CA (2020)

Palmetto Health, Columbia, SC (2020)

Premier Health Partners, Dayton, OH (2020)

Presbyterian Hospital of Dallas (2020)

Range Regional Hospital, Hibbing, MN (2020)

Rochester Medical Group, Rochester, NY (2020)

Roper St. Francis Health System, Charleston, SC (2020)

Rural Wisconsin Hospital Coop, Sauk City, WI (2020)

Rutland Medical Center, Rutland, VT (2020)

Sentara Health Care, Norfolk, VI (2020)

Sister of Sorrowful Mothers, Milwaukee, WI (2020)

Sparrow Hospital, Lansing, MI (2020)

Spectrum Health System, Grand Rapids, MI (2020)

St. Alphonsus Health System, Boise, ID (2020)

St. Anthony Medical Center, Rockford, IL (2020)

St. Clare Hospital, Baraboo, WI (2020)

St. Clare Hospital, Monroe, WI (2020)

St. Francis Hospital, Tulsa, OK (2020)

St. Mary’s Hospital, Madison, WI (2020)

St. Nicholas Hospital, Sheboygan, WI (2020)

St. Peter’s Healthcare Services, Albany, NY (2020)

Stratum Med, Inc., Champaign, IL (2020)

University of Connecticut Medical Center, Hartford, CT (2020)

University of Iowa Health Center, Iowa City, IA (2020)

University of Minnesota Medical Center, Minneapolis, MN (2020)

University of Nebraska Medical Center, Omaha, NE (2020)

University of Wisconsin Hospital & Clinics, Madison, WI (2020)

Veterans’ Health Administration, Indianapolis, Indiana (2020)

Veterans’ Health Administration, Madison, Wisconsin (2020)

Veterans’ Health Administration, Wilmington, Delaware (2020)

Wheaton Franciscan Healthcare, Milwaukee, WI (2020)

Teaching

Graduate Courses

Seminar in Strategic Cost Management and Performance Measurement (AIS 771), Spring 2017. Download Syllabus
Strategic Cost Management is designed to provide the student with an in-depth understanding of the role of management accounting information relative to key strategic management decisions. The course begins with the concept of organizational strategy to provide a deeper-level of understanding of the organizational goals that management accounting information is attempting to address, and the complexities and importance of strategic performance measurement in capturing successes derived from the execution of organizational strategy. Here we establish a strategic map (an organizational value-chain) from which to address the critical strategic issues of the firm. intangible assets and the importance of these strategic assets to provide a strategic competitive advantage to the firm. We then focus on strategic performance measurement (i.e., Balanced Scorecard Reporting) and how this performance measurement and reporting supports strategic decision-making. Here, the critical dimensions of Balanced Scorecard Reporting – financial, customer value propositions, internal processes, and human resources – are examined in more detail with a focus on the importance of non-financial metrics to provide insight as to the organizational capabilities along these dimensions. We then examine more closely the roles of activity-based costing, activity-based management, zero-based budgeting, quality, and just-in-time philosophies as part of our understanding of the roles of managerial accounting throughout the organization’s value chain.

Financial Management of Healthcare Organizations (BUS 711), Spring 2021.
Creates understanding of the critical contemporary accounting and financial management issues impacting healthcare provider organizations. Presents the fundamentals of financial accounting and financial statement analysis of health care organizations. Addresses financial management of healthcare organizations by first adapting a longer-term perspective through capital budgeting and finance. This longer-term strategic perspective is then extended into balanced scorecard reporting for health care organizations where we consider strategic metrics around financial performance, patient and payer satisfaction, internal process improvement, and organizational learning and growth through investment in human capital and technology. Enroll Info: None

Managerial Accounting (AIS 710), Fall 2020.
Interpretation and use of accounting data for management planning, decision making and control. Consideration of cost-volume-profit relationships, relevant costs, variable (direct) costing, activity-based costing, transfer pricing and performance evaluation of segments of the firm.

Managerial Accounting (AIS 710), Spring 2021.
Interpretation and use of accounting data for management planning, decision making and control. Consideration of cost-volume-profit relationships, relevant costs, variable (direct) costing, activity-based costing, transfer pricing and performance evaluation of segments of the firm. Enroll Info: None

Service

Editorial and Reviewing Activities

COVID-19, Accounting and Organizational Change: Reflexive Essays – January 2019 – December 2020
Special Issue Editor

Social Sciences and Humanities Research Council of Canada – January 2014 – December 2015
Invited Manuscript Reviewer

Public Administration Review – January 2013 – December 2013
Invited Manuscript Reviewer

The Physician Executive – January 2012 – December 2014
Invited Manuscript Reviewer

Co-Editor, Special Issue of Behavioral Research in Accounting – March 2010 – July 2011
Editor

Journal of Management Studies – January 2010 – December 2011
Invited Manuscript Reviewer

Critical Perspectives in Accounting – Since January 2010
Editorial Board Member

European Accounting Review – January 2008 – December 2010
Invited Manuscript Reviewer

Administrative Science Quarterly – January 2008 – December 2011
Invited Manuscript Reviewer

Organization Studies – January 2008 – December 2009
Invited Manuscript Reviewer

Australian Accounting Review – January 2006 – December 2006
Invited Manuscript Reviewer

The Israel Science Foundation – January 2005 – December 2005
Invited Manuscript Reviewer

Contemporary Accounting Research – January 2000 – December 2018
Invited Manuscript Reviewer

The Physician Executive – January 1998 – December 1998
Invited Manuscript Reviewer

Behavioral Research in Accounting – January 1998 – December 2005
Editorial Board Member

Journal of Management Studies – January 1997 – December 1997
Ad Hoc Reviewer

Accounting & Business Society – January 1997 – December 2000
Editorial Board Member

Academy of Management Review – January 1996 – December 1998
Invited Manuscript Reviewer

Accounting Historians’ Journal – January 1995 – December 2009
Editorial Board Member

Accounting Horizons – January 1995 – December 2002
Invited Manuscript Reviewer

Archives of Ophthalmology – January 1995 – December 1995
Invited Manuscript Reviewer

Accounting, Organizations & Society – January 1995 – December 2006
Editorial Board Member

Journal of Accounting and Public Policy – January 1991 – December 2012
Editorial Board Member

Accounting, Management and Control Technologies – January 1990 – December 1994
Editorial Board Member

Journal of Management Accounting Research – January 1990 – December 2006
Editorial Board Member

Health Services Research – January 1988 – December 1992
Invited Manuscript Reviewer

Health Care Management Review – January 1983 – December 1997
Editorial Board Member