Professor Bjorn Jorgensen, the Tisone Chair of Accounting, is an award-winning teacher of Financial and Managerial accounting who recently became Chair of the Division of Accounting. Originally from Denmark, Professor Jorgensen was a faculty member at Harvard and Columbia before joining the Leeds School. He also served as a Visiting Academic Scholar at the U.S. Securities Exchange Commission (SEC), where he investigated whether financial reporting quality under International Financial Reporting Standards (IFRS) is comparable to U.S. accounting standards.
Professor Jorgensen’s research spans accounting, economics, and finance but focuses on the role of risk: measuring, managing, and controlling for risk in a variety of settings. For example, what are the consequences of managers’ voluntary disclosures about risks? Also, what are the effective ways in which firms communicate, and regulators identify, extreme losses that occur very infrequently? Overall, his research has concluded that risk disclosures affect inherent as well as perceived riskiness.
In the classroom, Professor Jorgensen incorporates into his courses both his research and SEC experience. Combining a case-based teaching methodology with recent news and events, he enthusiastically guides students to the powerful knowledge that can be gained from understanding the details of financial and managerial reporting.
“All businesses tradeoff risks and rewards,” says Jorgensen. “Present day accounting measures past performance using projections about the future. But accounting is not effective at measuring the degree of reliability and risks regarding the future. It may be an impossible task to measure risks, but it is important to improve current accounting.”
- Ph.D., Accounting & Informations Systems, Northwestern University
- M.S., Mathematical Economics, University of Aarhus