Michal Matejka

Associate Professor/Harvey and Missy Jabara Family Accounting Professorship
TEMPE Campus


Michal Matejka joined the W. P. Carey School of Business as an associate professor of accountancy in 2010.

Professor Matejka’s research interests lie in the area of performance target setting and executive compensation, decentralization, and organizational design. More specifically, he studies performance measurement and incentives for chief financial officers, target setting in loss-making companies, decentralization and the design of the accounting, and the finance function within organizations. In line with his research in executive compensation, he spent six years analyzing a biennial survey of American Institute of Certified Public Accountants members and examined trends in the design and execution of financial-executive pay packages.

Before joining W. P. Carey, Professor Matejka was an assistant professor of accounting at the University of Michigan. He received his bachelor’s degree in economics and MBA from Masaryk University in his native Czech Republic and his PhD in accounting from Tilburg University in the Netherlands.

Professor Matejka was recognized for his contributions in teaching, winning the 2013 W. P. Carey Outstanding Master’s Teaching Award. Additionally, he was awarded the Harvey and Missy Jabara Family Accounting Professorship in 2010. Before launching his academic career, he conducted research and consulting projects for the top 25 companies in the Netherlands and was an auditor and controller at companies in the Czech Republic. 


  • Ph.D. Accounting, Tilburg University, Netherlands 2002
  • M.B.A. Masaryk University, Czech Republic 1997 
  • B.S. Economics, Masaryk University, Czech Republic 1995

Research Interests

  • Performance Target Setting and Executive Compensation
  • Decentralization and Organizational Design
  • Performance Measurement and Incentives of Chief Financial Officers
  • Target Ratcheting
  • Target Setting in Loss-Making Companies
  • Decentralization and the Design of the Accounting and Finance Function within Organizations


  • “Earnings Targets and Annual Bonus Incentives,” with Raffi J. Indjejikian, Kenneth A. Merchant and W. Van der Stede. The Accounting Review 89, 1227-1258, 2014
  • “Target Ratcheting and Incentives: Theory, Evidence, and New Opportunities,” with Raffi J. Indjejikian and Jason D. Schloetzer. The Accounting Review 89, 1259-1267, 2014
  • “Accounting Decentralization and Performance Evaluation of Business Unit Managers,” with Raffi J. Indjejikian.The Accounting Review 87, 261-290, 2012
  • “Balancing the Dual Responsibilities of Business Unit Controllers: Field and Survey Evidence,” with Victor S. Maas. The Accounting Review 84, 1233-1253, 2009
  • “The Choice of Performance Measures in Annual Bonus Plans of Loss-Making Entities,” with Kenneth A. Merchant and Wim A. Van der Stede. Management Science 55, 890-905, 2009
  • “CFO Fiduciary Responsibilities and Incentives for Financial Performance,” with Raffi J. Indjejikian. Journal of Accounting Research 47, 1061-1094, 2009
  • “Business Unit Controllers and Organizational Slack,” with Raffi J. Indjejikian. The Accounting Review 81(4), 849-872, 2006


Spring 2018
Course NumberCourse Title
ACC 420Mgmt Acc for Corp Accts II
Fall 2017
Course NumberCourse Title
ACC 503Managerial Accounting
ACC 793Applied Project
Fall 2016
Course NumberCourse Title
ACC 503Managerial Accounting
Summer 2016
Course NumberCourse Title
ACC 793Applied Project
Spring 2016
Course NumberCourse Title
ACC 793Applied Project
Fall 2015
Course NumberCourse Title
ACC 503Managerial Accounting
Fall 2014
Course NumberCourse Title
ACC 503Managerial Accounting
ACC 799Dissertation
Fall 2013
Course NumberCourse Title
ACC 503Managerial Accounting

Work History

<p>Arizona State University (2010-present), University of Michigan (2003-2010), University of Southern California (2002-2003)</p>