Portrait image for John S. Hughes

John S. Hughes

Professor Emeritus, Accounting
Areas of Expertise:
  • Capital Markets
  • Contracting
  • Incentives and Contracting
  • Industrial Organization


John Hughes’ research includes theoretical and empirical inquiries into a wide range of issues relating principally to incentive contracting, industrial organizations and capital markets. His publications include articles in leading accounting and economics journals such as The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Review of Accounting Studies, Journal of Law and Economics, RAND Journal of Economics, Journal of Economic Theory, Canadian Journal of Economics and Econometrica.

Hughes’ editorial responsibilities have included appointments as associate editor of The Accounting Review, Contemporary Accounting Research and the Journal of Accounting and Economics. He is co-founder of the Review of Accounting Studies and its initial editor-in-chief.

Before joining UCLA Anderson in 2002, Hughes taught at Western New England College, Dartmouth College, Duke University, the University of British Columbia and the University of Minnesota. His teaching awards include: the 1971 Student Association Merit Award, Western New England College; the 1971–72 Good Teach Award, Krannert School of Industrial Administration, Purdue University; Class of 1981 Outstanding Faculty Award, Fuqua School of Business, Duke University; the 1988–89 and 1989–90 Teaching Excellence Award, Commerce Graduate Society, University of British Columbia; and the 1992–93 Teacher of the Year, by the Student Association for Accounting, Carlson School of Management, University of Minnesota.



Ph.D. Financial Control, 1974, Purdue University

M.S. Accounting, 1970, University of Massachusetts

B.S. Business Administration, 1964, Northeastern University


Friedman, Henry L., John S. Hughes, Beatrice Michaeli, "Optimal reporting when additional information may arrive," Management Science, Forthcoming.

Friedman, Henry L., John S. Hughes and Beatrice Michaeli. (2020). Optimal Reporting When Information May Arrive, Journal of Accounting and Economics, Vol. 69, Issue 2-3.

Dye, Ronald L. and John S. Hughes. (2018). Equilibrium Voluntary Disclosure, Asset Pricing, and Information Transfers," Journal of Accounting and Economics, Vol. 66, Issue 1.

Hughes, John S. and Suil Pae. (2015). Discretionary Disclosure, Spillovers and Competition. Review of Accounting Studies, Vol. 20, No. 1.

Caskey, Judson, John S. Hughes and Jun Liu. (2015) Strategic Informed Trades, Diversification, and Expected Returns. The Accounting Review, Vol. 90, No. 5.

Aboody, David, John S. Hughes, and N. Bugra Ozel. (2014). Corporate Bond Returns and the Financial Crisis. Journal of Banking and FinanceVol. 40.

Hughes, John S. and Suil Pae. (2014). Discretionary Disclosure and Efficiency of Entrepreneurial Investment. Contemporary Accounting ResearchVol. 31, No. 4.

Caskey, Judson and John S. Hughes. (2012). Assessing the Impact of Alternative Fair Value Measures on the Efficiency of Project Selection and Continuation. The Accounting ReviewVol. 87, No. 2.

Caskey, Judson, John S. Hughes, and Jing Liu. (2012). Leverage, Excess Leverage, and Future Returns. Review of Accounting StudiesVol. 17, No. 2.

Williams, Michael G., John S. Hughes, and Carolyn B. Levine. (2010). Influence of Capital Gains Tax Policy on Credibility of Unverified Disclosures. The Accounting ReviewVol. 85, No. 2.

Hughes, John S., Jing Liu, and Jun Liu. (2009). On the Relation between Expected Returns and Implied Cost of Capital. Review of Accounting StudiesVol. 14, Nos. 2-3.

Hughes, John S., Jing Liu, and Wei Su. (2008). On the Relation between Predictable Market Returns and Predictable Analyst Forecast Errors. Review of Accounting StudiesVol. 13, Nos. 2-3.

Hughes, John S. and Michael G. Williams. (2008). Commitment and Disclosure in Oligopolies. The Accounting ReviewVol. 83, No. 1.