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Professor of Accounting, Emeritus

Stefan Reichelstein

Senior Fellow Emeritus
Stanford Institute for Economic Policy Research (SIEPR)

William R. Timken Professor of Accounting, Emeritus
Stanford Graduate School of Business (GSB)

Senior Fellow Emeritus
Stanford Woods Institute for the Environment

Stefan Reichelstein is known internationally for his research on the interface of management accounting and economics. His work has addressed issues in cost- and profitability analysis, decentralization, internal pricing and performance measurement. His research projects have spanned both analytical models, empirical work and field studies. Reichelstein’s papers have been published consistently in leading accounting and economics journals. Insights from his research have been applied by a range of corporations and government agencies. In recent years, Reichelstein has also studied the cost of reducing carbon emissions and the cost competitiveness of different energy sources, with a particular focus on renewable energy and storage. He currently serves as the Faculty Director of the Sustainable Energy Initiative at the Stanford GSB and as Faculty Research Director of the Steyer-Taylor Center for Energy Policy and Finance at Stanford University.

Stefan Reichelstein received his Ph.D. from the Kellogg School of Management at Northwestern University in 1984. Prior to that, he completed his undergraduate studies in economics at the University of Bonn in Germany. Over the past 30 years, Reichelstein has served on the faculties of the Haas School of Business at UC Berkeley, the University of Vienna in Austria, and the Stanford Graduate School of Business. His teaching has spanned financial and managerial accounting courses offered to undergraduate, MBA, and doctoral students. In recent years, he has introduced new courses on Sustainability and Clean Energy at Stanford. Reichelstein’s research has been supported by the National Science Foundation and private foundations; several of his papers have won “Best-Paper” awards.

Reichelstein serves on the editorial boards of several journals; he is also currently an editor of the Review of Accounting Studies and Foundations and Trends in Accounting. Until 2010, he served as the Department Editor for Accounting at Management Science. Professor Reichelstein has been a consultant to select companies and non-profit organizations. Reichelstein has received honorary doctorates from the Universities of Fribourg (2008) and Mannheim (2011). In 2007, he became a Honorarprofessor at the University of Vienna, and in 2017 the Technical University of Munich appointed him as a Distinguished Affiliate Professor.

Focal Areas: Energy and Environment, Housing and Infrastructure, Innovation and Technology, Regulation and Competition, Taxes and Public Spending


PhD, Managerial Economics Kellogg School of Management, Northwestern University, 1984
MS, Managerial Economics Kellogg School of Management Northwestern University, 1980
Pre-Diploma, Economics, University of Bonn, Germany, 1977


(650) 736-1129