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; mergers and acquisitions; behavioral finance
Current Projects
The role of large shareholders in corporate governance; Optimal executive compensation schemes; Firms’ incentives to engage in long-run, intangible investment; The effect of stock prices on firm decisions
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
Finalist, Smith-Breeden Prize for Best Paper in the Journal of Finance, 2007; Wharton MBA Core Teaching Award, 2008; Wharton MBA Core Curriculum Award, 2008; MIT Graduate Teaching Award, 2007; MIT Sloan Outstanding Teaching Assistant of the Year, 2005
Representative Publications
(with D. Garcia and O. Norli)
“Sports Sentiment and Stock Returns.” Journal of Finance 62(4) (2007).
“Blockholder Trading, Market Efficiency, and Managerial Myopia.” Journal of Finance (forthcoming).
(with X. Gabaix and A. Landier)
“A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium." Review of Financial Studies (forthcoming).
(with G. Manso)
“Governance Through Exit and Voice: A Theory of Multiple Blockholders.” (working paper, 2008)
(with X. Gabaix)
“Detail-Independent Contracting.” working paper, 2008.
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