Working Papers
[1] "Competition and Executive Compensation: Evidence from Pharmaceutical Breakthrough Designations," with Jon Garfinkel, Mosab Hammoudeh, and Erik Lie
NBER Compensation of Top Executives: Determinants and Consequences, 2023
Semi-finalist of Best Paper Award FMA 2023
[2] "Watching the Watchdogs: Tracking SEC Inquiries using Geolocation Data," with Will Gerken, Marcus Painter, and Guangli Zhang
AEA 2025 Annual Meeting (scheduled)
SSRN Top Ten Downloads (September, 2024)
Media Mentions: Financial Times | Bloomberg | Money Stuff: The Podcast | Fast Company | Marginal Revolution | Columbia Law Blue Sky Blog | The Daily Upside | Daily Update Securities Docket | TechSpot
[3] "Dual Ownership as a Solution to Risk Shifting: Evidence from Loan Covenant Violations," with Eric McKee and Tyson Van Alfen
[4] "The Effect of the Pay Ratio Mandate on CEO Compensation"
Best Paper Award, Department of Finance, Tippie College of Business, University of Iowa
Publications
[1] Religiosity and Risk Taking: Is There a Demand-Side Effect?, Journal of Corporate Finance 71, 2021, 102117
with Thomas Berry-Stoelzle
Summary: Religiosity at a firm’s headquarters and in its largest geographic market both negatively affect firm risk taking. For firms with a single dominant market, the influence of market religiosity is similar in magnitude to that of headquarter religiosity. Our results suggest that firm risk-taking is influenced by the religiosity-driven demands of customers.
