Thomas Linsmeier

Thomas J. Linsmeier is 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 earnings component information, and the economic effects of changes in accounting regulation. His work has been published in The Accounting Review; Journal of Accounting Research; Review of Accounting Studies; 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. (2016). A Revised Model for Presentation in the Statement(s) of Financial Performance: Implications for the Measurement Chapter of the Conceptual Framework. Accounting Horizons (30), 485-498.
• 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 (88), 1143-1177.
• 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 (18), 776-782.
• Leisenring, J. & Linsmeier, T. & Schipper, K. & Trott, E. (2012). Business-model (Intent)-based Accounting. Accounting and Business Research (42), 329-344.
• Linsmeier, T. (2011). Financial Reporting and Financial Crises: The Case for Measuring Financial Instruments at Fair Value in the Financial Statements. Accounting Horizons (25), 409-417.
• Chambers, D. & Linsmeier, T. & Shakespeare, C. & Sougiannis, T. (2007). An Evaluation of SFAS No. 130 Comprehensive Income Disclosures. Review of Accounting Studies (12), 557-593.
• Linsmeier, T. & Carroll, T. (2004). The Effects of Accounting Regulation on Tax Credit Utilization Propensity. Research in Accounting Regulation (17), 39-65.
• 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 (2003), 1-23.
• 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 (2002), 343-377.
• Dietrich, R. & Kachelmeier, S. & Kleinmuntz, D. & Linsmeier, T. (2001). Market Efficiency, Bounded Rationality, and Supplemental Business Reporting Disclosures. Journal of Accounting Research (2001), 243-268.
• Linsmeier, T. & Pearson, N. (2000). Value at Risk. Financial Analysts Journal (2000), 47-67.
• Elmy, F. & LeGuyader, L. & Linsmeier, T. (1998). Review of Initial Filings under SEC Market Risk Disclosure Rules. Journal of Corporate Accounting and Finance (1998), 33-45.
• Linsmeier, T. & Pearson, N. (1997). Quantitative Disclosures of Market Risk in the SEC Release. Accounting Horizons (1997), 107-135.
• Balakrishnan, R. & Linsmeier, T. & Venkatachalam, M. (1996). Financial Benefits from JIT Adoption: Effects of Customer Concentration and Cost Structure. The Accounting Review (1996), 183-205.
• Linsmeier, T. (1996). The Securities and Exchange Commission: Research, Teaching and Career Opportunities. Accounting Horizons (1996), 130-136.
• 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 (1995), 365-382.
• 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 (1994)
• Wasley, C. & Linsmeier, T. (1992). A Further Examination of the Economic Consequences of SFAS No. 2. Journal of Accounting Research (1992), 156-164.
• Lobo, G. & Linsmeier, T. (1992). Tax Planning, Earnings Management and the Differential Information Content of Bank Earnings Components. The Accounting Review (1992), 546-562.
• 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 (1988), 335-351.
• 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 (1985), 970-987.

Editorial and Reviewing Activities

SSRN Journal in Behavioral & Experimental Accounting - Since January 2004 Advisory Editor