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Photo of Jonas Heese

Unit: Accounting and Management

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(617) 495-2827

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Additional Information
  • CV
  • Social Science Research Network
  • Harvard Business Publishing
  • Working Knowledge
  • Mar 2016 Suddeutsche Zeitung Article Translated

Areas of Interest

  • accounting
  • financial reporting

Jonas Heese

Assistant Professor of Business Administration

Jonas Heese is an assistant professor of business administration in the Accounting & Management Unit. He teaches the Financial Reporting and Control course in the MBA required curriculum. His research focuses on corporate misconduct, with a special focus on the role of regulators, whistleblowers, the media, and organizations’ compliance systems to prevent such misconduct.

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Jonas Heese is an assistant professor of business administration in the Accounting & Management Unit. He teaches the Financial Reporting and Control course in the MBA required curriculum.

In his research, Professor Heese focuses on corporate misconduct, with a special focus on the role of regulators, whistleblowers, the media, and organizations’ compliance systems to prevent such misconduct. In particular, he has studied the political economy of regulatory enforcement of accounting standards in the United States, the effect of public disclosure of regulatory oversight activities to strengthen compliance with regulations, and the effect of media on firm behavior. His current work explores the role of monitoring by senior management to curtail misconduct as well as the importance of whistleblowers in detecting fraud. His research has been published in leading academic journals such as the Academy of Management Journal, the Journal of Accounting and Economics, the Journal of Accounting Research, and the Journal of Financial Economics. He is regularly invited to present his research to academics and regulators, including the Securities and Exchange Commission and the European Securities and Markets Authority. Professor Heese’s research has been quoted by the media, including in the Boston Globe, Forbes, The Wall Street Journal, and the Sueddeutsche Zeitung.

Prior to joining the faculty of the Harvard Business School, Professor Heese obtained a Ph.D. and an M.Sc. in accounting from Maastricht University in the Netherlands.

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Featured Work Publications Awards & Honors
  1. Video: Professor Jonas Heese on Fraudulent Billing and Safety Net Hospitals

    Why is there so much fraudulent billing? One thing to consider, says Professor Jonas Heese, is that some of it may be done to subsidize charitable care and regulators intentionally may be looking the other way.
  2. Selective Regulator Decoupling and Organizations' Strategic Responses

    We posit that nonprofits that provide a greater supply of unprofitable services (beneficent nonprofits) face lenient regulatory enforcement for mispricing in price-regulated markets. Consequently, beneficent nonprofits exploit such regulatory leniency and exhibit higher mispricing. Drawing on organizational legitimacy theory, we argue that both regulators and beneficent nonprofits seek to protect their legitimacy with stakeholders, including those who demand access to unprofitable services. Using data from hospitals, we examine mispricing via "upcoding," which involves misclassifying ailment severity. Archival analysis indicates less stringent regulatory enforcement of upcoding for beneficent nonprofit hospitals, defined as hospitals that provide higher charity care and medical education. After observing regulator leniency, beneficent hospitals demonstrate higher upcoding. Our results suggest that lenient enforcement assists beneficent nonprofits to obtain higher revenues in price-regulated markets.

    This paper was selected for Best Paper Proceedings of the 2015 Academy of Management Annual Meeting. It was the winner of the Healthcare Management Division of the Academy of Management 2015 Best Paper Award. 

In the News

13 Mar 2019
IESE Insight
The supervision of listed companies: better out in the open?
30 Oct 2017
Harvard Business Review
Research: The Rise of Partisan Media Changed How Companies Make Decisions
09 Oct 2017
HBS Working Knowledge
Fearing Fox News, Democratic-leaning Companies Delayed Negative Announcements
18 Sep 2017
Wall Street Journal
Rethinking Regulatory Capture at the SEC
08 Aug 2017
CFO
SEC Probes Deeper If Cos. Have Political Ties: Study

See more news for Jonas Heese »

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