Martin C. Schmalz

Martin C. Schmalz is the PCAOB’s Chief Economist and the Director of its Office of Economic and Risk Analysis (OERA). In this role, Dr. Schmalz is responsible for advising and assisting the Board by conducting independent, data-driven economic and risk analyses to inform its oversight activities, including inspections, investigations, rulemaking, and standard setting.

While at PCAOB, Dr. Schmalz is on leave from his position as Professor of Finance, Economics, and Real Estate at the University of Oxford, Saïd Business School, where he served as the Academic Area Head for the Finance, Accounting, Managerial Science, and Economics faculty group before joining PCAOB.  Dr. Schmalz was previously on the faculty of the University of Michigan’s Stephen M. Ross School of Business and its Center on Finance, Law and Policy.

Dr. Schmalz holds a graduate degree (Dipl.-Ing.) in mechanical engineering from the Universität Stuttgart, in Stuttgart, Germany, and a Ph.D. in economics from Princeton University.