Winner of the Best Paper Award at the 2022 MIT Asia Conference in Accounting for "Communicating Corporate Culture in Labor Markets: Evidence from Job Postings" with Tianshuo Shi and Yuan Zou.
Joseph Pacelli
Gerald Schuster Associate Professor of Business Administration
Gerald Schuster Associate Professor of Business Administration
Joseph Pacelli is the Gerald Schuster Associate Professor of Business Administration in the Accounting and Management Unit. He currently teaches Business Analysis and Valuation (BAV) in the MBA elective curriculum.
Professor Pacelli’s research covers topics related to capital market gatekeepers (such as financial analysts and bankers), culture and diversity, and new technology. His research has been published in leading academic journals such as the Journal of Finance, Review of Financial Studies, Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Review of Accounting Studies, Management Science, and the Journal of Financial Intermediation. His research has also been featured and cited in various media outlets including the Wall Street Journal, CNBC, Yahoo! Finance, Bloomberg, and Business Insider.
Professor Pacelli holds a Ph.D. in Accounting from Cornell University, and graduated from Georgetown University with a bachelor’s degree in Finance and Accounting. Prior to graduate school, he worked in corporate and investment banking.
- Journal Articles
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- Pacelli, Joseph. "Crypto-Influencers Give Poor Investment Advice—and the SEC Is Taking Notice." Promarket (April 17, 2023). View Details
- Grennan, Jillian, and Joseph Pacelli. "Click-by-click: Using Alternative Data to Make a Business Case for Culture." CMR Insights (January 23, 2023). View Details
- Pacelli, Joseph, and Jonas Heese. "Cautious Adoption of AI Can Create Positive Company Culture." CMR Insights (June 20, 2023). View Details
- Heese, Jonas, and Joseph Pacelli. "Can Twitter Be a Force for Good? Social Media Helps Curb Corporate Misconduct." Promarket (March 20, 2023). View Details
- Merkley, Kenneth, Roni Michaely, and Joseph Pacelli. "Does the Scope of the Sell-Side Analyst Industry Matter? An Examination of Bias, Accuracy, and Information Content of Analyst Reports." Journal of Finance 72, no. 3 (June 2017): 1285–1334. View Details
- Hoopes, Jeffrey L., Kenneth J. Merkley, Joseph Pacelli, and Joseph H. Schroeder. "Audit Personnel Salaries and Audit Quality." Review of Accounting Studies 23, no. 3 (September 2018): 1096–1136. View Details
- Pacelli, Joseph. "Corporate Culture and Analyst Catering." Journal of Accounting & Economics 67, no. 1 (February 2019): 120–143. View Details
- Drake, Michael, Peter Joos, Joseph Pacelli, and Brady Twedt. "Analyst Forecast Bundling." Management Science 66, no. 9 (September 2020): 4024–4046. View Details
- Gao, Janet, Kristoph Kleiner, and Joseph Pacelli. "Credit and Punishment: Are Corporate Bankers Disciplined for Risk-Taking?" Review of Financial Studies 33, no. 12 (December 2020): 5706–5749. View Details
- Coleman, Braiden, Kenneth Merkley, Brian Miller, and Joseph Pacelli. "Does the Freedom of Information Act Foil the Securities and Exchange Commission's Intent to Keep Investigations Confidential?" Management Science 67, no. 6 (June 2021). View Details
- Merkley, Kenneth, Roni Michaely, and Joseph Pacelli. "Cultural Diversity on Wall Street: Evidence from Consensus Earnings Forecasts." Journal of Accounting & Economics 70, no. 1 (August 2020). View Details
- Bushman, Robert, Janet Gao, Xiumin Martin, and Joseph Pacelli. "The Influence of Loan Officers on Loan Contract Design and Performance." Journal of Accounting & Economics 71, nos. 2-3 (April–May 2021). View Details
- Coleman, Braiden, Michael Drake, Joseph Pacelli, and Brady Twedt. "Brokerage Relationships and Analyst Forecasts: Evidence from the Protocol for Broker Recruiting." Review of Accounting Studies (forthcoming). (Pre-published online March 28, 2022.) View Details
- Coleman, Braiden, Kenneth J. Merkley, and Joseph Pacelli. "Human Versus Machine: A Comparison of Robo-Analyst and Traditional Research Analyst Investment Recommendations." Accounting Review 97, no. 5 (September 2022): 221–244. View Details
- Illueca, Manuel, Lars Norden, Joseph Pacelli, and Gregory F. Udell. "Countercyclical Prudential Buffers and Bank Risk-taking." Art. 100961. Journal of Financial Intermediation 51 (July 2022). View Details
- Bradshaw, Mark, Michael Drake, Joseph Pacelli, and Brady Twedt. "Brokerage House Initial Public Offerings and Analyst Forecast Quality." Management Science (forthcoming). (Pre-published online December 7, 2022.) View Details
- Gao, Janet, Kenneth J. Merkley, Joseph Pacelli, and Joseph H. Schroeder. "Do Internal Control Weaknesses Affect Firms' Demand for Financial Skills? Evidence from U.S. Job Postings." Accounting Review 98, no. 3 (May 2023): 203–228. View Details
- Heese, Jonas, and Joseph Pacelli. "The Monitoring Role of Social Media." Review of Accounting Studies (forthcoming). (Pre-published online March 1, 2023.) View Details
- Choi, Jung Ho, Joseph Pacelli, Kristina M. Rennekamp, and Sorabh Tomar. "Do Job Seekers Value Diversity Information? Evidence from a Field Experiment and Human Capital Disclosures." Journal of Accounting Research 61, no. 3 (June 2023): 695–735. View Details
- Working Papers
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- Pacelli, Joseph, Kenneth J. Merkley, Brian Williams, and Mark Piorkowski. "Crypto-Influencers." Working Paper, June 2023. View Details
- Dey, Aiyesha, Kristina M. Rennekamp, and Joseph Pacelli. "Understanding The Value of DEI Programs: Perspectives from Corporate Leadership." Working Paper, 2023. View Details
- Cai, Wei, Aiyesha Dey, Jillian Grennan, Joseph Pacelli, and Lin Qiu. "Do Diverse Directors Influence DEI Outcomes." Working Paper, October 2022. View Details
- Pacelli, Joseph, and Jonas Heese. "Does Information Technology Reduce Corporate Misconduct?" Working Paper, November 2022. View Details
- Pacelli, Joseph, Tianshuo Shi, and Yuan Zou. "Communicating Corporate Culture in Labor Markets: Evidence from Job Postings." Working Paper, October 2022. View Details
- Pacelli, Joseph, Janet Gao, Jan Schneemeier, and Yufeng Wu. "Dirty Money: How Banks Influence Financial Crime." Working Paper, July 2021. View Details
- Cases and Teaching Materials
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- Heese, Jonas, Joseph Pacelli, and James Barnett. "Accounting Outages at Plug Power? (C)." Harvard Business School Supplement 124-019, November 2023. View Details
- Pacelli, Joseph, ZeSean Ali, and Tom Quinn. "Accounting Red Flags or Red Herrings at Catalent?" Harvard Business School Case 124-024, October 2023. View Details
- Dey, Aiyesha, Jonas Heese, Joseph Pacelli, and Max Hancock. "The Rise and Fall of FTX." Harvard Business School Case 124-014, September 2023. View Details
- Pacelli, Joseph, and Alexis Lefort. "Note on the Evolving Landscape of HR Tech." Harvard Business School Technical Note 124-012, September 2023. View Details
- Heese, Jonas, Joseph Pacelli, Emilie Billaud, and Carlota Moniz. "Viceroy Research Versus Medical Properties Trust." Harvard Business School Case 124-027, September 2023. View Details
- Pacelli, Joseph, and Sarah Mehta. "GameStop: Social Media Finds a Cheat Code." Harvard Business School Case 124-005, October 2023. View Details
- Heese, Jonas, Joseph Pacelli, and James Barnett. "Accounting Outages at Plug Power? (B)." Harvard Business School Supplement 124-018, August 2023. (Revised November 2023.) View Details
- Heese, Jonas, Joseph Pacelli, and James Barnett. "Accounting Outages at Plug Power? (A)." Harvard Business School Case 124-009, August 2023. (Revised November 2023.) View Details
- Pacelli, Joseph, Jillian Grennan, and Alexis Lefort. "Social Media Background Screening at Fama Technologies (B)." Harvard Business School Supplement 123-086, June 2023. View Details
- Pacelli, Joseph, Jillian Grennan, and Alexis Lefort. "Social Media Background Screening at Fama Technologies." Harvard Business School Case 123-010, June 2023. (Revised July 2023.) View Details
- Dey, Aiyesha, and Joseph Pacelli. "Bear to Bull? An Analyst’s Journey with Netflix." Harvard Business School Teaching Note 123-072, February 2023. View Details
- Heese, Jonas, and Joseph Pacelli. "Call of Fiduciary Duty: Microsoft Acquires Activision Blizzard." Harvard Business School Spreadsheet Supplement 123-710, January 2023. View Details
- Heese, Jonas, and Joseph Pacelli. "Call of Fiduciary Duty: Microsoft Acquires Activision Blizzard." Harvard Business School Teaching Note 123-055, January 2023. View Details
- Dey, Aiyesha, Joseph Pacelli, Jennifer G. Lawson, and Tom Quinn. "Bear to Bull: An Analyst’s Journey with Netflix." Harvard Business School Case 123-001, September 2022. (Revised January 2023.) View Details
- Pacelli, Joseph, Jonas Heese, and James Barnett. "Call of Fiduciary Duty: Microsoft Acquires Activision Blizzard." Harvard Business School Case 123-011, July 2022. (Revised November 2022.) View Details
- Awards & Honors
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Runner-up for the 2022 International Corporate Governance Society (ICGS) Annual Conference Best Paper Award for “Does Information Technology Reduce Corporate Misconduct?” with Jonas Heese.
- Additional Information
- Areas of Interest