Robert and Maria Lowdon Professor of Finance
- PhD, University of Utah
- BA, University of California Berkeley
Areas of Expertise/Research
- Corporate Finance
- Law & Economics
- “Performance-Vesting Provisions in Executive Compensation,” with Carr Bettis, Jeff Coles, and Swami Kalpathy, Journal of Accounting and Economics, August 2018.
- “Are all CEOs above Average? An Empirical Analysis of Compensation Peer Groups and Pay Design,” with Mike Lemmon and Thanh Ngyuen, Journal of Financial Economics, June 2011.
- “Option Backdating and Board Interlocks,” with Mike Lemmon and Ryan Whitby, Review of Financial Studies, November 2009.
- “Insider Trading in Derivative Securities: An Empirical Examination of the Use of Zero-Cost Collars and Equity Swaps,” with Carr Bettis and Mike Lemmon, Journal of Financial and Quantitative Analysis, September 2001.
- “The Effect of Private Antitrust Litigation on the Stock-Market Valuation of the Firm”, with Jeffrey Coles, The American Economic Review, June 1995.
Honors and Awards
- 2015 J.R. Beyster Fellowship, for “Performance-contingent equity awards to nonexecutive employees.”
- 2014 EFMA Larry Lang Award, Best Paper in Corporate Governance, “Performance-Vesting Provisions in Executive Compensation.”
- AACSB/GMAC National Doctoral Fellowship in Business and Management - 1989
- Distinction at graduate, University of California, Berkeley - 1993