Max Hewitt

Associate Professor of Accounting


Ph.D., University of Washington, 2007
Master of Commerce, University of New South Wales, 2003
Master of Teaching, University of Sydney, 2001
Bachelor of Economics, Macquarie University, 1999

Areas of Expertise

  • Forecasting and valuation implications of financial statement information
  • Investors’ reaction to disaggregated financial statement information
  • Implications of financial statement presentation


ACCT 310, Cost and Managerial Accounting
ACCT 545, Introduction to Managerial Accounting


Erickson, D., M. Hewitt, and L. A. Maines. 2017. Do investors perceive low risk when earnings are smooth relative to the volatility of operating cash flows? Discerning opportunity and incentive to report smooth earnings. The Accounting Review 92 (3): 137-154.

Call, A. C., M. Hewitt, T. Shevlin, and T. L. Yohn. 2016. Firm-specific estimates of differential persistence and their incremental usefulness for forecasting and valuation. The Accounting Review 91 (3): 811-833.

Hewitt, M., A. Tarca, and T. L. Yohn. 2015. The effect of measurement subjectivity classifications on analysts’ use of persistence classifications when forecasting earnings items. Contemporary Accounting Research 32 (3): 1000-1023.

Esplin, A., M. Hewitt, M. Plumlee, and T. L. Yohn. 2014. Disaggregating operating and financial activities: Implications for forecasts of profitability. Review of Accounting Studies 19 (1): 328-362.

Hewitt, M. 2009. Improving investors’ forecast accuracy when operating cash flows and accruals are differentially persistent. The Accounting Review 84 (6): 1913-1931.

Awards and Honors

  • Full-Time MBA Outstanding Faculty of the Year - Eller College of Management (2018)
  • Dean's Fellowship - Eller College of Management (2017-present)
  • Undergraduate Faculty Member of the Year (Small Class) – Eller College of Management (2015-2016)
  • Harry C. Sauvain Teaching Award – Kelley School of Business (2010-2011)
  • Trustees Teaching Award – Kelley School of Business (2008, 2010, 2012)
  • The Schuyler F. Otteson Award, Nominee – Kelley School of Business (2009)
  • National Winners (First Place) – PwC xFAC Competition (with Andy Call and D. Shores) (2006)
  • AAA / Deloitte / J. Michael Cook Doctoral Consortium Fellow (2006)
  • Ph.D. Program Teaching Award – Foster School of Business (2006)
  • University of Washington Business School / Lorig Fellow (2003-2005)
  • University of Washington Graduate School Top Scholar Award (2003-2004)