Peter Demerjian

Assistant Professor of Accounting

PhD, Business Administration (Accounting) University of Michigan Business, 2007
M.B.A., College of William & Mary, 2002
B.A. (Mathematics) Brandeis University, 1996

Financial accounting, debt contracting, debt covenants, managerial ability

Positions Held
Assistant Professor of Accounting, Michael G. Foster School of Business, University of Washington, since 2013
Assistant Professor of Accounting, Goizueta Business School, Emory University, 2007-2013

Current Research

The effect of changing accounting standards on the debt contracting-usefulness of accounting information

Economic drivers of debt contract standardization

How managerial ability affects capital market outcomes

Academic Service

Ad Hoc Referee: Accounting, Organizations, and Society; Contemporary Accounting Research; Journal of Accounting and Economics; Journal of Accounting Research; The Journal of Risk and Insurance; Management Science; Review of Accounting Studies; The Accounting Review 

AAA Notable Contributions to Accounting Literature Committee (2014-2015)


Selected Publications

Managerial Ability and Earnings Quality (with B. Lev, M. Lewis and S. McVay). The Accounting Review 88(2): 463-498 (2013).


Quantifying Managerial Ability: A New Measure and Validity Tests (with B. Lev and S. McVay). Management Science 58(7): 1229-1248 (2012).


Accounting Standards and Debt Covenants: Has the “Balance Sheet Approach” Led to a Decline in the Use of Balance Sheet Covenants? Journal of Accounting and Economics 52: 178-202 (2011).

Working Papers

Measuring Financial Covenant Strictness in Private Debt Contracts (with E. Owens, March 2014) 

Fair Value Accounting and Debt Contracting (with J. Donovan and C. Larson, March 2014)

Earnings Smoothing: For Good or Evil? (with M. Lewis and S. McVay, April 2014) 

Uncertainty and Debt Covenants (March 2014)

Courses Taught

Foster Business School
Introduction to Accounting and Financial Reporting (Undergraduate)

Goizueta Business School
Financial Statement Analysis (M.B.A.)

Financial Accounting (Undergraduate)

University of Michigan
Accounting Principles (Undergraduate, non-major)


Contact Information

Office:473 Paccar Hall

Mailing Address

Foster School of Business

Box 353200
Seattle, WA 98195-3200