My Research

Published Papers

“Complexity in Compensation Contracts” with Mary Ellen Carter, Michael Guo, and Luann Lynch, November 2024. Forthcoming at Journal of Accounting and Economics. https://doi.org/10.1016/j.jacceco.2024.101709

“How Large is the Pay Premium from Executive Incentive Compensation?” with Rui Albuquerque and Mary Ellen Carter, Qi (Flora) Dong, 2024. The Accounting Review. https://doi.org/10.2308/TAR-2022-0226

“CEO Compensation and Real Estate Prices: Pay for Luck or Pay for Action?” with Ben Bennett, Cláudia Custódio, and Dragana Cvijanovíc, 2022. Review of Accounting Studies, 28: 2401 – 2447. 

“Ex Post Settling Up in Cash Compensation: New Evidence” with Bingyi Chen, Qi (Flora) Dong, and Edward Riedl, 2019. Contemporary Accounting Review, 36: 1929 – 2694.

“Has Section 404 of the Sarbanes-Oxley Act Discouraged Corporate Investment? New Evidence from a Natural Experiment,” with Julie L. Zhu, 2019. Management Science, 65: 3423 – 3446.

 “Court Intervention as a Governance Mechanism over CEO Pay: Evidence from the Citigroup Derivative Lawsuit” with Mary Ellen Carter and Luann Lynch, 2015. European Accounting Review, special issue on “Regulation and Disclosure of Executive Compensation,” 24: 637 – 658 (lead article).

“Do Growth-Option Firms Use Less Relative Performance Evaluation?” 2014. The Accounting Review, 89: 27 – 60.

“Peer Choice in Executive Compensation,” with Gus De Franco and Rodrigo S. Verdi, 2013. Journal of Financial Economics, 108: 160 – 181.

“Does Firm Heterogeneity Lead to Differences in Relative Executive Compensation?” 2010. Finance Research Letters, 7:80 – 85.

 “Peer Firms in Relative Performance Evaluation,” 2009. Journal of Accounting and Economics, 48: 69 – 89.

Working Papers

“Are ISS Recommendations Informative? Evidence from Assessments of Compensation Practices” with Mary Ellen Carter and Susanna Gallani, March 2022.

“Aggregate CEO Compensation, Aggregate Performance and Relative Performance Evaluation” with Mary Ellen Carter and Bjorn Jorgensen, January 2018.

“The Impact of Risk on CEO Equity Incentives: Evidence from Customer Concentration,” with Michael Guo, George Papadakis and Peter Wysocki, April 2018.

“The Impact of the Inevitable Disclosure Doctrine on CEO Turnover” with Bingyi Chen, Yijing Jiang, and Francois Brochet, August 2024.

"The Effect of the Tax Cuts and Jobs Act on Payout Policies: The Role of Corporate Governance" with Benjamin Bennett, Jesse Wang, and Petro Lisowsky, October 2023. 

“Pay Dispersion and Firm Performance” with Aliya Korganbekova, Pedro Raposo, and Rodrigo Verdi.