Faculty & Staff Directory


Dr. Terry Baker joined the business school faculty in 1998 as an Assistant Professor after completing his PhD in accounting at the University of Kentucky.

Dr. Baker's teaching focus is in the area of Financial Accounting, including a graduate course in International Financial Reporting Standards. His research interests include the reporting of corporate executive compensation and the political influences on accounting standard-setting. He also teaches Introduction to Management Accounting each summer as a study abroad program in Europe.

  • Ph D, University of Kentucky (Accountancy) - 1998
  • MBA, University of Chicago (Finance) - 1988
  • MA, University of Illinois (Accountancy) - 1978
  • BA, Miami University (Economics) - 1976

Research Interests

  • Political influences on accounting standard - setting and overall quality of financial reporting to investors

Teaching Interests

  • Introductory and Intermediate Financial Accounting
  • Global Issues in Financial Reporting
  • Entrepreneurial Accounting and Finance
  • Business Combinations
  • International Accounting

  • Baker, T. ,  Collins, D. , &  Reitenga, A. (2009). Incentives and Opportunities to Manage Earnings around Option Grants . Contemporary Acctng Research, 26 (3), 649-672. | more information
  • Baker, T. ,  Collins, D. , &  Reitenga, A. (2003). "Stock Option Compensation and Earnings Management Incentives". Journal of Accounting, Auditing and Finance,
  • Baker, T. ,  Aldhizer, G. ,  Campbell, J. , &  Martin, D. (2002). "When earnings management becomes fraud". Internal Auditing,
  • Baker, T. ,  Buchheit, S. ,  Reitenga, A. , &  Yin, Q. (2002). "CEO bonus pay, tax policy, and earnings management". The Journal of the American Taxation Association,
  • Baker, T. ,  Martin, D. , &  Reitenga, A. (2002). "Employee stock options and pro forma earnings management". In (Ed.), (pp. 1-26). : Advances in Accounting.
  • Baker, T. (1999). "Options Reporting and the Political Costs of CEO Pay". Journal of Accounting, Auditing & Finance,
  • Baker, T. (1997). "Quality-Adjusted Price Indexes for Portable Computers". Applied Economics, 29 (9), 1115-1123.

  • 2007 - Calloway School Senior Teaching Award, Wake Forest University
  • 2007 - T. B. Rose Teaching Innovation Award, Calloway School of Business and Accountancy, Wake Forest University
  • 2005 - Graduate Student Teaching Award, WFU/Calloway
  • 2004 - PWC Professorship, PricewaterhouseCoopers
  • 2002 - Calloway School Faculty Scholarship Award, Wake Forest University