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Tom Linsmeier

Thomas Linsmeier
Department Chair | Accounting and Information Systems
Professor | Accounting and Information Systems
Thomas G. Ragatz Accounting and Law Distinguished Chair & Richard J. Johnson Chair of the Department of Accounting and Information Systems
5262C Grainger Hall


Thomas J. Linsmeier is the Richard J. Johnson Chair of the Department of Accounting and Information Systems and the Thomas G. Ragatz Accounting and Law Distinguished Chair in the Department of Accounting and Information Systems at the Wisconsin School of Business. Dr. Linsmeier’s area of expertise is in financial reporting for derivatives, risk management and other standard setting activities. His research has explored the role of accounting information in securities markets, including the usefulness to investors of fair value and market risk management disclosures, the valuation-relevance of intangible assets and earnings component information, and the economic effects of changes in accounting standards. His work has been published in The Accounting Review; Journal of Accounting Research; Review of Accounting Studies; Contemporary Accounting Research; Accounting Horizons; Management Science; Journal of Accounting, Auditing, and Finance; Journal of Business, Finance and Accounting; and Financial Analysts Journal.

Dr. Linsmeier served as an appointed member of the Financial Accounting Standards Board (FASB) from July 2006 – June 2016. He also has served as Academic Fellow and Special Consultant to the Office of the Chief Accountant at the U.S. Securities and Exchange Commission (SEC).

He received his Ph.D. and MBA from the University of Wisconsin – Madison and his BBA from the University of Wisconsin-Milwaukee.


Selected Published Journal Articles

Linsmeier, T. & Wheeler, E. (2021). The Debate over Subsequent Accounting for Goodwill Accounting Horizons

Linsmeier, T. (2020). Discussion of Moving the Conceptual Framework Forward Accounting for Uncertainty Contemporary Accounting Research

Linsmeier, T. (2016). A Revised Model for Presentation in the Statement(s) of Financial Performance: Implications for the Measurement Chapter of the Conceptual Framework Accounting Horizons

Blankespoor, E. & Petroni, K. & Linsmeier, T. & Shakespeare, C. (2013). Fair Value Accounting for Financial Instruments: Does it improve the association between Bank Leverage and Credit Risk? The Accounting Review

Linsmeier, T. (2013). A Standard Setter’s Framework for Selecting between Fair Value and Historical Cost Measurement Attributes: A Basis for Discussion of “Does fair value accounting for nonfinancial assets pass the market test? Review of Accounting Studies

Leisenring, J. & Linsmeier, T. & Schipper, K. & Trott, E. (2012). Business-model (Intent)-based Accounting Accounting and Business Research

Linsmeier, T. (2011). Financial Reporting and Financial Crises: The Case for Measuring Financial Instruments at Fair Value in the Financial Statements Accounting Horizons

Chambers, D. & Linsmeier, T. & Shakespeare, C. & Sougiannis, T. (2007). An Evaluation of SFAS No. 130 Comprehensive Income Disclosures Review of Accounting Studies

Linsmeier, T. & Carroll, T. (2004). The Effects of Accounting Regulation on Tax Credit Utilization Propensity Research in Accounting Regulation

Carroll, T. & Linsmeier, T. & Petroni, K. (2003). Fair Value vs. Historical Cost Accounting: Evidence from Closed-End Mutual Funds Journal of Accounting, Auditing and Finance

Linsmeier, T. & Thornton, D. & Venkatachalam, M. & Welker, M. (2002). The Effect of Mandated Market Risk Disclosures on Trading Volume Sensitivity to Interest Rate, Exchange Rate, and Commodity Price Movements The Accounting Review

Dietrich, R. & Kachelmeier, S. & Kleinmuntz, D. & Linsmeier, T. (2001). Market Efficiency, Bounded Rationality, and Supplemental Business Reporting Disclosures Journal of Accounting Research

Linsmeier, T. & Pearson, N. (2000). Value at Risk Financial Analysts Journal

Elmy, F. & LeGuyader, L. & Linsmeier, T. (1998). Review of Initial Filings under SEC Market Risk Disclosure Rules Journal of Corporate Accounting and Finance

Linsmeier, T. & Pearson, N. (1997). Quantitative Disclosures of Market Risk in the SEC Release Accounting Horizons

Balakrishnan, R. & Linsmeier, T. & Venkatachalam, M. (1996). Financial Benefits from JIT Adoption: Effects of Customer Concentration and Cost Structure The Accounting Review

Linsmeier, T. (1996). The Securities and Exchange Commission: Research, Teaching and Career Opportunities Accounting Horizons

Linsmeier, T. & Lobo, G. & Kanaan, G. (1995). Dispersion in Industry Price Changes and the Relative Association Between Alternative Income Measures and Security Returns Journal of Accounting, Auditing and Finance

Linsmeier, T. & Lobo, G. (1994). Cross-Sectional Differences in the Association Between Alternate Income Measures and Market Returns: The Case of Rate Regulated vs. Unregulated Firms Asset Valuation

Wasley, C. & Linsmeier, T. (1992). A Further Examination of the Economic Consequences of SFAS No. 2 Journal of Accounting Research

Lobo, G. & Linsmeier, T. (1992). Tax Planning, Earnings Management and the Differential Information Content of Bank Earnings Components The Accounting Review

Linsmeier, T. & Nair, R. & Weygandt, J. (1988). U.K. Tax Legislation and the Switch to the Liability Method for Income Taxes Journal of Business, Finance and Accounting

Biggs, S. & Bedard, J. & Gaber, B. & Linsmeier, T. (1985). The Effect of Task Size and Similarity on the Decision Behavior of Bank Loan Officers Management Science


(2018) Investors’ Assessments of the Dilution and Solvency Effects of Preferred Stock Instruments


Undergraduate Courses

(AIS 601), Spring 2017.

(AIS 601), Spring 2018.

Graduate Courses

Seminar in Financial Reporting Theory (AIS 770), Fall 2018.

Seminar in Financial Reporting Theory (AIS 770), Fall 2018.

Accounting for Lawyers (AIS 765), Fall 2018.

Accounting for Lawyers (AIS 765), Fall 2017.


Editorial and Reviewing Activities

Journal of Accounting and Public Policy – Since July 2016
Ad Hoc Reviewer