Winner of the Best Paper Award at the 2022 MIT Asia Conference in Accounting for "Communicating Corporate Culture in Labor Markets: Evidence from Job Postings" with Tianshuo Shi and Yuan Zou.
Joseph Pacelli
Gerald Schuster Associate Professor of Business Administration
Gerald Schuster Associate Professor of Business Administration
Accounting and Management
Joseph Pacelli is the Gerald Schuster Associate Professor of Business Administration in the Accounting and Management Unit. He currently teaches Business Analysis and Valuation (BAV) in the MBA elective curriculum.
Professor Pacelli’s research covers topics related to capital market gatekeepers (such as financial analysts and bankers), culture and diversity, and new technology. His research has been published in leading academic journals such as the Journal of Finance, Review of Financial Studies, Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Review of Accounting Studies, Management Science, and the Journal of Financial Intermediation. His research has also been featured and cited in various media outlets including the Wall Street Journal, CNBC, Yahoo! Finance, Bloomberg, and Business Insider.
Professor Pacelli holds a Ph.D. in Accounting from Cornell University, and graduated from Georgetown University with a bachelor’s degree in Finance and Accounting. Prior to graduate school, he worked in corporate and investment banking.
- Journal Articles
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- Heese, Jonas, and Joseph Pacelli. "Enterprise Resource Planning (ERP) System Implementations and Corporate Misconduct." Accounting Review 100, no. 1 (January 2025): 291–315. View Details
- Pacelli, Joseph. "Crypto-Influencers Give Poor Investment Advice—and the SEC Is Taking Notice." Promarket (April 17, 2023). View Details
- Grennan, Jillian, and Joseph Pacelli. "Click-by-click: Using Alternative Data to Make a Business Case for Culture." CMR Insights (January 23, 2023). View Details
- Pacelli, Joseph, and Jonas Heese. "Cautious Adoption of AI Can Create Positive Company Culture." CMR Insights (June 20, 2023). View Details
- Heese, Jonas, and Joseph Pacelli. "Can Twitter Be a Force for Good? Social Media Helps Curb Corporate Misconduct." Promarket (March 20, 2023). View Details
- Merkley, Kenneth, Roni Michaely, and Joseph Pacelli. "Does the Scope of the Sell-Side Analyst Industry Matter? An Examination of Bias, Accuracy, and Information Content of Analyst Reports." Journal of Finance 72, no. 3 (June 2017): 1285–1334. View Details
- Hoopes, Jeffrey L., Kenneth J. Merkley, Joseph Pacelli, and Joseph H. Schroeder. "Audit Personnel Salaries and Audit Quality." Review of Accounting Studies 23, no. 3 (September 2018): 1096–1136. View Details
- Pacelli, Joseph. "Corporate Culture and Analyst Catering." Journal of Accounting & Economics 67, no. 1 (February 2019): 120–143. View Details
- Drake, Michael, Peter Joos, Joseph Pacelli, and Brady Twedt. "Analyst Forecast Bundling." Management Science 66, no. 9 (September 2020): 4024–4046. View Details
- Gao, Janet, Kristoph Kleiner, and Joseph Pacelli. "Credit and Punishment: Are Corporate Bankers Disciplined for Risk-Taking?" Review of Financial Studies 33, no. 12 (December 2020): 5706–5749. View Details
- Coleman, Braiden, Kenneth Merkley, Brian Miller, and Joseph Pacelli. "Does the Freedom of Information Act Foil the Securities and Exchange Commission's Intent to Keep Investigations Confidential?" Management Science 67, no. 6 (June 2021). View Details
- Merkley, Kenneth, Roni Michaely, and Joseph Pacelli. "Cultural Diversity on Wall Street: Evidence from Consensus Earnings Forecasts." Journal of Accounting & Economics 70, no. 1 (August 2020). View Details
- Bushman, Robert, Janet Gao, Xiumin Martin, and Joseph Pacelli. "The Influence of Loan Officers on Loan Contract Design and Performance." Journal of Accounting & Economics 71, nos. 2-3 (April–May 2021). View Details
- Coleman, Braiden, Michael Drake, Joseph Pacelli, and Brady Twedt. "Brokerage Relationships and Analyst Forecasts: Evidence from the Protocol for Broker Recruiting." Review of Accounting Studies 28, no. 4 (December 2023): 2075–2103. View Details
- Coleman, Braiden, Kenneth J. Merkley, and Joseph Pacelli. "Human Versus Machine: A Comparison of Robo-Analyst and Traditional Research Analyst Investment Recommendations." Accounting Review 97, no. 5 (September 2022): 221–244. View Details
- Illueca, Manuel, Lars Norden, Joseph Pacelli, and Gregory F. Udell. "Countercyclical Prudential Buffers and Bank Risk-taking." Art. 100961. Journal of Financial Intermediation 51 (July 2022). View Details
- Bradshaw, Mark, Michael Drake, Joseph Pacelli, and Brady Twedt. "Brokerage House Initial Public Offerings and Analyst Forecast Quality." Management Science 69, no. 11 (November 2023): 7079–7094. View Details
- Gao, Janet, Kenneth J. Merkley, Joseph Pacelli, and Joseph H. Schroeder. "Do Internal Control Weaknesses Affect Firms' Demand for Financial Skills? Evidence from U.S. Job Postings." Accounting Review 98, no. 3 (May 2023): 203–228. View Details
- Heese, Jonas, and Joseph Pacelli. "The Monitoring Role of Social Media." Review of Accounting Studies 29, no. 2 (June 2024): 1666–1706. View Details
- Choi, Jung Ho, Joseph Pacelli, Kristina M. Rennekamp, and Sorabh Tomar. "Do Job Seekers Value Diversity Information? Evidence from a Field Experiment and Human Capital Disclosures." Journal of Accounting Research 61, no. 3 (June 2023): 695–735. View Details
- Working Papers
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- Pacelli, Joseph, Kenneth J. Merkley, Brian Williams, and Mark Piorkowski. "Crypto-Influencers." Working Paper, June 2023. View Details
- Pacelli, Joseph, and Jonas Heese. "Does Information Technology Reduce Corporate Misconduct?" Working Paper, November 2022. View Details
- Pacelli, Joseph, Tianshuo Shi, and Yuan Zou. "Communicating Corporate Culture in Labor Markets: Evidence from Job Postings." Working Paper, October 2022. View Details
- Pacelli, Joseph, Janet Gao, Jan Schneemeier, and Yufeng Wu. "Dirty Money: How Banks Influence Financial Crime." Working Paper, July 2021. View Details
- Cases and Teaching Materials
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- Baik, Brian K., Joseph Pacelli, and James Barnett. "Japan Industrial Partners Powers the Leveraged Buyout of Toshiba." Harvard Business School Case 125-055, April 2025. View Details
- Pacelli, Joseph, and Alexis Lefort. "WallStreetBets: Democratizing Retail Investing." Harvard Business School Case 125-002, March 2025. (Revised April 2025.) View Details
- Pacelli, Joseph, and Yuan Zou. "Pricing an IPO at Allbirds, Inc." Harvard Business School Teaching Note 125-020, February 2025. View Details
- Pacelli, Joseph. "Forecasting at CAVA Group Inc." Harvard Business School Case 125-073, March 2025. View Details
- Pacelli, Joseph, and James Weber. "The Walt Disney Company: Management Guidance." Harvard Business School Case 125-027, August 2024. View Details
- Pacelli, Joseph, Ravi Ramniklal Gondalia, and James Weber. "Ranger Energy Services: Bridging Public & Private Markets." Harvard Business School Case 125-023, October 2024. View Details
- Pacelli, Joseph. "Intel Valuation - Instructor Spreadsheet." Harvard Business School Spreadsheet Supplement 125-709, August 2024. View Details
- Pacelli, Joseph. "Intel Valuation - Student Spreadsheet." Harvard Business School Spreadsheet Supplement 125-708, August 2024. View Details
- Pacelli, Joseph. "Intel: Residual Income Valuation." Harvard Business School Teaching Note 125-036, August 2024. View Details
- Pacelli, Joseph. "Intel: Residual Income Valuation." Harvard Business School Case 125-035, August 2024. View Details
- Pacelli, Joseph, and Sarah Mehta. "GameStop: Social Media Finds a Cheat Code (B)." Harvard Business School Supplement 124-042, May 2024. View Details
- Pacelli, Joseph, and Jillian Grennan. "Social Media Background Screening at Fama Technologies." Harvard Business School Teaching Note 124-068, April 2024. View Details
- Pacelli, Joseph, and Tonia Labruyere. "Arete Research on Unity Software." Harvard Business School Case 124-086, June 2024. View Details
- Pacelli, Joseph, Yuan Zou, and Andre Luk. "Pricing an IPO at Allbirds, Inc." Harvard Business School Case 124-100, June 2024. (Revised February 2025.) View Details
- Dey, Aiyesha, Joseph Pacelli, James Barnett, and ZeSean Ali. "Titan: OceanGate's Tragedy of Titanic Proportions." Harvard Business School Case 124-016, July 2024. View Details
- Pacelli, Joseph, and Michael Norris. "Accounting for Loans at SoFi Technologies." Harvard Business School Case 124-057, June 2024. (Revised February 2025.) View Details
- Pacelli, Joseph, Charles CY Wang, and James Barnett. "A New Aiera for Equity Research." Harvard Business School Case 124-008, May 2024. View Details
- Pacelli, Joseph. "GameStop: Social Media Finds a Cheat Code – Instructor Template." Harvard Business School Spreadsheet Supplement 124-720, June 2024. View Details
- Pacelli, Joseph. "GameStop: Social Media Finds a Cheat Code – Student Template." Harvard Business School Spreadsheet Supplement 124-719, June 2024. View Details
- Pacelli, Joseph. "Accounting Red Flags or Red Herrings at Catalent? – Instructor Template." Harvard Business School Spreadsheet Supplement 124-718, May 2024. View Details
- Pacelli, Joseph. "Accounting Red Flags or Red Herrings at Catalent? – Student Template." Harvard Business School Spreadsheet Supplement 124-717, May 2024. View Details
- Pacelli, Joseph. "Accounting Red Flags or Red Herrings at Catalent? (A) and (B)." Harvard Business School Teaching Note 124-074, April 2024. View Details
- Pacelli, Joseph. "GameStop: Social Media Finds a Cheat Code." Harvard Business School Teaching Note 124-073, June 2024. View Details
- Pacelli, Joseph, ZeSean Ali, and Tom Quinn. "Accounting Red Flags or Red Herrings at Catalent? (B)." Harvard Business School Supplement 124-055, January 2024. View Details
- Heese, Jonas, and Joseph Pacelli. "Viceroy Research versus Medical Properties Trust." Harvard Business School Spreadsheet Supplement 124-704, December 2023. View Details
- Heese, Jonas, and Joseph Pacelli. "Viceroy Research versus Medical Properties Trust." Harvard Business School Teaching Note 124-053, December 2023. View Details
- Heese, Jonas, Aiyesha Dey, and Joseph Pacelli. "The Rise and Fall of FTX." Harvard Business School Teaching Note 124-046, December 2023. View Details
- Heese, Jonas, Joseph Pacelli, and James Barnett. "Accounting Outages at Plug Power? (C)." Harvard Business School Supplement 124-019, November 2023. (Revised October 2024.) View Details
- Pacelli, Joseph, ZeSean Ali, and Tom Quinn. "Accounting Red Flags or Red Herrings at Catalent? (A)." Harvard Business School Case 124-024, October 2023. (Revised April 2024.) View Details
- Heese, Jonas, and Joseph Pacelli. "Accounting Outages at Plug Power? (A), (B), and (C)." Harvard Business School Teaching Note 124-038, November 2023. View Details
- Dey, Aiyesha, Jonas Heese, Joseph Pacelli, and Max Hancock. "The Rise and Fall of FTX." Harvard Business School Case 124-014, September 2023. View Details
- Pacelli, Joseph, and Alexis Lefort. "Note on the Evolving Landscape of HR Tech." Harvard Business School Technical Note 124-012, September 2023. (Revised June 2024.) View Details
- Heese, Jonas, Joseph Pacelli, Emilie Billaud, and Carlota Moniz. "Viceroy Research versus Medical Properties Trust." Harvard Business School Case 124-027, September 2023. (Revised December 2023.) View Details
- Pacelli, Joseph, and Sarah Mehta. "GameStop: Social Media Finds a Cheat Code (A)." Harvard Business School Case 124-005, October 2023. (Revised March 2024.) View Details
- Heese, Jonas, Joseph Pacelli, and James Barnett. "Accounting Outages at Plug Power? (B)." Harvard Business School Supplement 124-018, August 2023. (Revised October 2024.) View Details
- Heese, Jonas, Joseph Pacelli, and James Barnett. "Accounting Outages at Plug Power? (A)." Harvard Business School Case 124-009, August 2023. (Revised October 2024.) View Details
- Pacelli, Joseph, Jillian Grennan, and Alexis Lefort. "Social Media Background Screening at Fama Technologies (B)." Harvard Business School Supplement 123-086, June 2023. View Details
- Pacelli, Joseph, Jillian Grennan, and Alexis Lefort. "Social Media Background Screening at Fama Technologies." Harvard Business School Case 123-010, June 2023. (Revised July 2023.) View Details
- Dey, Aiyesha, and Joseph Pacelli. "Bear to Bull? An Analyst’s Journey with Netflix." Harvard Business School Teaching Note 123-072, February 2023. View Details
- Heese, Jonas, and Joseph Pacelli. "Call of Fiduciary Duty: Microsoft Acquires Activision Blizzard." Harvard Business School Spreadsheet Supplement 123-710, January 2023. (Revised March 2025.) View Details
- Heese, Jonas, and Joseph Pacelli. "Call of Fiduciary Duty: Microsoft Acquires Activision Blizzard." Harvard Business School Teaching Note 123-055, January 2023. View Details
- Dey, Aiyesha, Joseph Pacelli, Jennifer G. Lawson, and Tom Quinn. "Bear to Bull: An Analyst’s Journey with Netflix." Harvard Business School Case 123-001, September 2022. (Revised January 2023.) View Details
- Heese, Jonas, Joseph Pacelli, and James Barnett. "Call of Fiduciary Duty: Microsoft Acquires Activision Blizzard." Harvard Business School Case 123-011, July 2022. (Revised January 2025.) View Details
- Awards & Honors
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Runner-up for the 2022 International Corporate Governance Society (ICGS) Annual Conference Best Paper Award for “Does Information Technology Reduce Corporate Misconduct?” with Jonas Heese.
- Additional Information
- Areas of Interest
- In The News