Romana Autrey

Associate Professor of Accounting

Managerial accounting encompasses helping managers obtain organizational success by making the best use of financial and nonfinancial information. It is an inherently interdisciplinary field that, done “right,” connects accounting to not only management, but also to essentially all business decision-making.


Prior to joining Willamette University MBA, Romana taught Decision Making for Accountancy at the University of Illinois at Urbana-Champaign, as well as Financial Reporting and Controls at Harvard Business School.  Prior to entering academia, Romana performed a wide variety of forensic accounting investigations as a senior manager in KPMG's Intellectual Property Services and Channel Management Services groups.


Ph.D., University of Texas at Austin, McCombs School of Business

B.S., California State University, Hayward

Honors, Awards and Distinctions

Teacher Scholar Certificate, University of Illinois at Urbana-Champaign, 2013.

“List of Teachers Ranked as Excellent by Their Students,” University of Illinois at Urbana-Champaign: 2011, 2012, 2013, 2015.

First Place, Outstanding Doctoral Dissertation Award, Management Accounting Section of American Accounting Association, 2006.

American Accounting Association Doctoral Consortium Fellow, 2004.

Deloitte Foundation Doctoral Fellowship, 2002.

National High Score award, About Top 150 in the USA on May 1994 CPA Exam, Becker CPA Review, 1994.

1st Dan (1st degree black belt), Kukkiwon World Taekwondo Headquarters, 1995.

Areas of Instruction

Accounting for Decision Making, Accounting and Incentives in Organizations, Accounting for Managers

Research Interests

Romana’s research focuses on managing collaboration (internal to the firm) and interorganizational interactions (external to the firm), for two main reasons. First, these forces both fundamentally impact organizations’ ability to generate value. Second, these mission-critical forces are particularly difficult to manage because organizations have limited or no direct control over them.

Managing collaboration can be problematic because firms often have limited ability to measure or motivate collaboration directly. Romana’s related research primarily focuses on how group composition affects collaborative performance. Managing interorganizational interactions is problematic for a different reason; a firm may have no contractual relationship or direct controls over the actions of other organizations that affect it. Romana’s related research incorporates various management accounting tools – including incentive contract design, transfer pricing, degree of centralization, and management control systems – to discourage unwanted behaviors, such as career concerns (inefficiently high wages to hire agents who work “too much” in order to impress a competitive external labor market), gray markets (unauthorized arbitrage that thwarts a firm’s attempts to sell at different prices in different markets), and under-reported royalties (due to poor controls at licensees who self-report the royalties they owe).

Selected Professional Activities

Certified in Financial Forensics, 2008

Certified Public Accountant, 1998

Certified Fraud Examiner, 1997

Certified Management Accountant, 1996

Member, American Accounting Association/ Management Accounting Section

Member, American Institute of Certified Public Accountants

Selected Publications

Autrey, R. L., F. Bova, and D. Soberman. 2015. When Gray is Good: Complementary Goods and Emerging Markets. Production and Operations Management 24(4): 547-559.

Autrey, R. L., F. Bova, and D. Soberman. 2014. Organizational Structure and Gray Markets. Marketing Science 33(6): 849-870.

Autrey, R. L. and R.C. Sansing. 2014. “Licensing Intellectual Property with Self-Reported Outcomes.” Journal of Accounting, Auditing and Finance 29(3): 260-277.

Autrey, R. L. and F. Bova. 2012. “Gray Markets and Multinational Transfer Pricing.” The Accounting Review 87(2): 393-421.

Autrey, R. L., S. S. Dikolli, and D. P. Newman. 2010. “Performance Measure Aggregation, Career Incentives and Explicit Incentives.” Journal of Management Accounting Research 22: 115-131.

Autrey, R. L., S. S. Dikolli, and D. P. Newman. 2007. “Career Concerns and Mandatory Disclosure.” Journal of Accounting and Public Policy 26(5): 527-554.

Autrey, R. L. and D. Shanthikumar. “Compass Box Whisky Company.” 2009 (and Teaching Note, 2011). Harvard Business School Publishing, Boston, MA.

Autrey, R. L., V.G. Narayanan, and J. Rozovsky. “Sara Campbell Ltd.” (A), (B), & (C) cases. 2008 & 2009 (and Teaching Note, 2008). Harvard Business School Publishing, Boston, MA.

Autrey, R. L. “Deferred Taxes at Obadiah Vineyard.” 2007 (and Teaching Note, 2007). Harvard Business School Publishing, Boston, MA.