Beatrice Michaeli is an Associate Professor at Anderson School of Management, University of California - Los Angeles.

She holds a PhD in Management from Columbia University and studies financial reporting, voluntary disclosure, performance measurement, incentives, and contracting. Her research has been published at the Journal of Accounting and Economics, Accounting Review, Review of Accounting Studies, and Management Science.

Featured Research

(10) With a Grain of Salt: Investor Reactions to Uncertain News and (Non)Disclosure

With Jonathan Libgober and Elyashiv Wiedman;  Published at the Journal of Accounting and Economics, Volume 80, No. 1, August 2025featured in “What Investors Infer From External News And Management Silence” by Dee Gil, UCLA Anderson Review, June 28, 2023; featured in “How Markets Keep Getting Social Posts and Silence Wrong” on How The World Works with Warren Olney podcast; featured in faculti.net
Download this paper Investor Beliefs and Corporate Disclosure Timing in the Presence of External Sources of Information External Information Sources, Investor Beliefs, and Corporate Disclosures

(11) Executive and Board Contracts for Investments

With Martin Gregor; Working paperfeatured in “How Directors’ Liability Protection Can Affect the Quality of Company Projects” on the Columbia Law School Blue Sky Blog, March 22, 2024; featured in “The Role of Board-of-Directors Pay in Effective Corporate Investing” by Monika Brown, UCLA Anderson Review, November 26, 2024; featured in “Board Mandates and Scarcity of Qualified Directors: Unveiling an Overlooked Perspective” on The FinReg Blog, January 28, 2025
Download this paper Boards and Executive Compensation: Another Look
Abstract

Studies how shareholders jointly design CEO and board compensation when an empire-building CEO controls project information and must persuade the board to approve investment. Shows that CEO and director equity incentives are substitutes and that tolerating some overinvestment can be optimal when eliminating it would require paying excessive compensation rents; the analysis links contract form, information quality, board characteristics, and investment efficiency.

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Talks & Speaking

Invited talks, workshop presentations, and conference panels from 2010 to today.

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Consulting & Advisory

Beyond research and teaching, Beatrice is available for consulting and advisory engagements. Get in touch to discuss a project.

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