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Lynda Thoman

Lynda Thoman

Assistant Professor of Management


Ph.D., Economics, Stanford University, 1984
M.A., Economics, Stanford University, 1977
B.A., Mathematics, Grinnell College, 1968


Professor Thoman teaches courses in both managerial and financial accounting. Her current research focuses on auditing issues, the source of the demand for auditing, how the legal system disciplines auditors, how accounting standards are chosen, and agency problems – what makes hierarchies advantageous and how the agency contract is affected when firms must compete for managers. Her recent publications include "On Auditors and the Courts in an Adverse Selection Setting" (with Nahum Melumad), |i|Journal of Accounting and Research|/i| (Spring 1990); and "An Equilibrium Analysis of Optimal Audit Contracts" (with Nahum Melumad), |i|Contemporary Accounting Research|/i| (Fall 1990). Professor Thoman's prior professional work experience was as an economics instructor at Santa Clara University (1981-83) and Scripps College (1983-84). She is a member of the American Accounting Association.

Journal Articles

  • Novshek W, Thoman L (2006). Capacity choice and duopoly incentives for information sharing. SOUTHERN ECONOMIC JOURNAL, vol. 4 (72), 808-825 .
  • Zhang, P., & Thoman, L. (1999). Pre-Trial Settlement and the Value of Audits. Accounting Review, vol. 74 (4), 473-491.
  • Novshek, W., & Thoman, L. (1998). Information Disaggregation and Incentives for Non-Collusive Information Sharing. Economics Letters, vol. 61 (3), 327-332.
  • Thoman, L. (1996). Legal Damages and Audit Efforts. Contemporary Accounting Research, vol. 13 (1), 275-306.
  • Thoman, L. (1994). Strict Liability and Negligence Rules When the Product is Information. Economics Letters, (44), 205-213.
  • Thoman, L. (1994). Repeat Purchases Under Quality Uncertainty. Economics Letters, (46), 33-40.
  • Thoman, L., & Novshek, W. (1993). Agency in a Market Setting. Journal of Economics (Zeitschrift fur Nationalokonomie), vol. 58 (3), 225-253.
  • Thoman, L. (1992). Discussion of Contracting Frictions, Regulation, and the Structure of CPA Firms. Journal of Accounting Research, vol. 29 25-30.
  • Thoman, L., & Melumad, N. (1990). An Equilibrium Analysis of Optimal Audit Contracts. Contemporary Accounting Research, vol. 7 (1), 22-55.
  • Thoman, L., & Melumad, N. (1990). On Auditors and the Courts in an Adverse Selection Setting. Journal of Accounting Research, vol. 28 (1), 77-120.


Area(s) of Expertise

Accounting, Audits