Stefan Huber

Stefan Huber
  • Assistant Professor of Accounting

Contact Information

Research

  • Stefan Huber, Edward Watts, Christina Zhu (Forthcoming), Information Flows in Trading Networks. Abstract

    We study the informational value of trading networks in over-the-counter (OTC) markets. Using detailed transaction-level data from the corporate bond market, we show that investors with larger dealer networks make superior trading decisions before changes in credit fundamentals, resulting in better risk-adjusted performance. We trace these investors’ superior trading decisions to trading connections where dealers are most likely to have access to novel credit-relevant information, supporting the interpretation that these investors obtain private information through their trading networks. Collectively, our evidence highlights the importance of trading relationships for investors’ private information acquisition.

Teaching

Current Courses

  • ACCT1010 - Accounting And Financial Reporting

    This course is an introduction to the basic concepts and standards underlying financial accounting systems. Several important concepts will be studied in detail, including: revenue recognition, inventory, long-lived assets, present value, and long term liabilities. The course emphasizes the construction of the basic financial accounting statements - the income statement, balance sheet, and cash flow statement - as well as their interpretation.

    ACCT1010002 ( Syllabus )

    ACCT1010003 ( Syllabus )

Past Courses

  • ACCT1010 - Acct & Financial Report

    This course is an introduction to the basic concepts and standards underlying financial accounting systems. Several important concepts will be studied in detail, including: revenue recognition, inventory, long-lived assets, present value, and long term liabilities. The course emphasizes the construction of the basic financial accounting statements - the income statement, balance sheet, and cash flow statement - as well as their interpretation.

In the News

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Activity

Latest Research

Stefan Huber, Edward Watts, Christina Zhu (Forthcoming), Information Flows in Trading Networks.
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In the News

Why All Investors Are Vulnerable to ‘Correlation Neglect’

New research from Wharton's Jessica Wachter explores a behavioral phenomenon that causes investors to treat information as independent when it is actually correlated.…Read More

Knowledge @ Wharton - 2026/02/10
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