Areas of Expertise (14)
D. Eric Hirst is the Senior Associate Dean, a professor, and researcher in the areas of financial accounting, financial statement analysis, investor and security analyst judgment and decision making. He has studied management earnings forecasts, disclosure requirements, investor judgment relative to forecasts, and the various aspects of auditing.
Hirst is the King Ranch Chair for Business Leadership and the John Arch White Professor in Business in the department of accounting, and is the associate dean of graduate programs at the McCombs School, The University of Texas at Austin. He has been a visiting professor at schools around the world, including France and Finland.
He leads the strategy and operations of six Texas MBA programs serving over 1,200 MBA students, and is the school's primary representative on the contracting, design, and construction of the new $173 million graduate school of business building, Rowling Hall.
Hirst is on the board of directors of the MBA Roundtable, is the treasurer for Partners in International Management (PIM), and is an associate editor and on the editorial review boards at numerous top accounting journals.
He is the co-author of Cases in Financial Reporting: An Integrated Approach with an Emphasis on Earnings Quality and Persistence, now in its eighth edition. His research has been acknowledged for excellence, including the American Accounting Association (AAA) Distinguished Contribution to the Accounting Literature Award in 2011. He was an AAA doctoral consortium fellow in 1989.
University of Minnesota Carlson School of Management: Ph.D., Accounting 1992
University of Waterloo: MAcc, Public Accountancy 1985
University of Waterloo: BA, Honors Economics (Chartered Accountancy Option) 1985
Media Appearances (7)
New UT Academic Building to House McCombs MBA Program
Time Warner Cable News online
"Well if you think about what you’re trying to accomplish as an MBA student, you’re looking to make connections with other business students, with faculty, with students from other colleges, you’re trying to innovate, you need a space where you can share ideas, where you can throw ideas around, test ideas," said Eric Hirst with the McCombs School Business.
The Best MBA Programs in Accounting
Poets & Quants online
“We stand on the shoulders of giants,” Hirst notes. “They instituted a set of values and culture that really permeates. It’s a focus on high quality teaching grounded in research and its relevance to practice.”
Texas Executive MBA Program Ranked Ninth in the World
The Daily Texan print
“We have a very high level of collegiality,” Hirst said. “Most MBA programs are cutthroat. This is not the case for us. We have a culture of collaboration. People learn from each other. Students are paying a lot of money to be here and are not easily impressed.”
Top Skills MBA Grads Need for Success
Huffington Post College online
"The world is looking to business leaders to take the high road, not to feed at the trough, but to hold politicians and each other to higher standards," comments Eric Hirst, Associate Dean for Graduate Programs at the University of Texas.
Location of Information: It Matters
Texas Enterprise | Big Ideas in Business online
“The information that tells you, ‘this is smoke and mirrors,’ is not in an obvious place, and these securities analysts — who, this is what they do for a living — get fooled,” Hirst said.
On the Lesson Plan: Feelings
Wall Street Journal print
"At the end of the day, it's relatively easy to teach people how to run financial models," said Eric Hirst, associate dean for graduate programs at the McCombs School of Business at the University of Texas at Austin. "What's challenging is to lead change, to manage."
Making the Human Connection in Business
Professor Hirst relates an experience from travels in South Africa that showed him the importance of viewing business through the lens of the humanities.
Listing of top scholarly works by D. Eric Hirst.
In this paper, we provide a framework in which to view management earnings forecasts.
In this paper, we experimentally test whether a characteristic of a management earnings forecast—namely, whether it is disaggregated—can affect its credibility. We also test whether disaggregation moderates the relation between managerial incentives and forecast credibility.
We examine how fair-value-income measurement affects commercial bank equity analysts' risk and value judgments.
We conduct two experiments within the context of an important intangible asset requiring estimation - software development costs. Our results show that the proposed reporting mechanism is effective in communicating information about the accuracy of financial estimates.
In this paper we examine how investor reaction to management earn-ings forecasts is a joint function of the form of the forecast (point or range forecasts) and management's prior forecast accuracy (high or low).
This paper investigates whether clear reporting of comprehensive income (CI) and its components facilitates detection of earnings management by buy-side financial analysts and predictably affects their common stock price judgments.
The purpose of this paper is to show that investors' reactions to information in financial analysts' research reports depend on characteristics of both the analyst and the report.