Luzi Hail receives the ACA Prize in Financial Governance from the University of St.Gallen Luzi Hail, Professor of Accounting at the Wharton School of the University of Pennsylvania, USA, will be honored with the ACA Prize in Financial Governance 2018 of the Institute of Accounting, Control and Auditing of the University of St.Gallen (ACA-HSG). Luzi Hail receives the Prize for his eminent contributions in the area of international accounting research and the behaviour of capital markets. The laureate graduated from the University of Zurich and earned his doctoral degree (Dr. oec. publ.) in 1996 with a thesis on «Activity-based management for financial institutions». Besides conducting research at the Institute of Accounting and Control of the University of Zurich, he worked for large Swiss banks. In 1999, Luzi Hail was appointed Assistant Professor at the University of Zurich. After a two-year post-doc at the University of Washington, Seattle, Luzi Hail joined the Wharton School in 2004. The Wharton School of the University of Pennsylvania is one of the world’s leading business schools. At Wharton, Luzi Hail has taught and conducted research first as an Assistant Professor (2005), then an Associate Professor (2011) and since 2017 as a Full Professor of Accounting. Luzi Hail has authored numerous articles on the role and regulation of financial reporting in international capital markets. His work has been published in the leading journals of the field (e.g., Accounting Review, Journal of Accounting Research, Journal of Accounting & Economics, Journal of Financial Economics, and Review of Financial Studies). He is a frequent speaker at international conferences and workshops. His research has won several awards, including the prestigious «Notable Contributions to Accounting Literature » and «Distinguished Contributions to Accounting Literature» awards (2010 and 2016) of the American Accounting Association for his work in international accounting research and the Deloitte Wildman Medal for the practical relevance of his research.