Alex Edmans Faculty Profile

Alex Edmans
Assistant Professor of Finance

PhD, Massachusetts Institute of Technology, 2007; BA, University of Oxford, 2001

Research Areas
Corporate governance; executive compensation; information asymmetry and investment decisions; investment banking; behavioral finance

Current Projects
The role of large shareholders in corporate governance; Firms’ incentives to engage in long-run, intangible investment; The effect of stock prices on firm decisions; Optimal executive compensation schemes

Academic Positions Held
Wharton: 2007-present

Other Positions
Summer Associate, Morgan Stanley Fixed Income, 2004; Financial Analyst, Morgan Stanley Investment Banking, 2001-03

Career and Recent Professional Awards; Teaching Awards
MIT Graduate Teaching Award, 2006-07; MIT Sloan Outstanding Teaching Assistant of the Year, 2004-05

Representative Publications
(with D. Garcia and O. Norli)
“Sports Sentiment and Stock Returns.” Journal of Finance 62(4) (2007).

“Blockholders, Market Efficiency, and Managerial Myopia.” (working paper, 2007)

“Inside Debt.” (working paper, 2007)

(with X. Gabaix and A. Landier)
“A Calibratable Model of Optimal CEO Incentives in Market Equilibrium." (working paper, 2007)