PUBLICATIONS
[13] Bick, Patty and Ryan Flugum, 2026, Keeping up with the Jonses: Spillover Effects of M&A Activity to CEO Compensation, Forthcoming in European Financial Management.
[12] Ferris, Stephen P., Ryan Flugum, and Reza Houston, 2026, The Protest Playbook: Winning Strategies in Federal Contract Disputes, Forthcoming in Journal of Public Procurement.
[11] Ferris, Stephen P., Ryan Flugum, and Andrew Prevost, 2026, Unraveling the Knot: Organized Labor and the Complexity of CEO Compensation, Forthcoming in Journal of Financial Research.
[10] Flugum, Ryan and Matthew E. Souther, 2025, Stakeholder Value: A Convenient Excuse For Underperforming Managers, Journal of Financial and Quantitative Analysis, 60 (1), 135-168.
Featured in Columbia Law School Blue Sky Blog (11/25/2020), Ideas for Leaders (3/22/2021), Harvard Business Review (3/31/2022), CNN Opinion (3/22/2023)
[9] Flugum, Ryan, Choonsik Lee, and Matthew E. Souther, 2023, Shining a Light in a Dark Corner: Does EDGAR Search Activity Reveal the Strategically Leaked Plans of Activist Investors, Journal of Financial and Quantitative Analysis 58 (7), 2820-2851.
Featured in Institutional Investor (6/5/2020), Columbia Law School Blue Sky Blog (6/15/2020), Canadian Investment Review (7/2/2020)
[8] Flugum, Ryan, Choonsik Lee, and Matthew E. Souther, 2023, What Happens in Vegas Stays in Vegas? Firsthand Experience and EDGAR Search Activity in Las Vegas Casino Hotels (with Choonsik Lee and Matthew E. Souther), Financial Management 52 (3), 409-432.
[7] Flugum, Ryan and Patty Bick, Money Isn't Everything: Compensation of Locally Educated Executives, Journal of Corporate Finance 74.
[6] Flugum, Ryan, Svetlana Orlova, Andrew Prevost, and Li Sun, 2021, Distracted Institutions, Information Asymmetry, and Stock Price Stability, Journal of Business Finance and Accounting 48 (9-10), 2015-2048.
[5] Berns, John, Patty Bick, Ryan Flugum, and Reza Houston, 2021, Do Changes In MD&A Section Tone Predict Investment Behavior?, The Financial Review 57 (1), 129-153.
[4] Flugum, Ryan, 2021, The Trend is an Analyst's Friend: Analyst Recommendations and Market Technicals, The Financial Review 56 (2), 301-330.
[3] Flugum, Ryan, Matthew E. Souther, 2020, External Monitoring and Returns to Hedge Fund Activist Campaigns, Review of Financial Economics 38 (1), 97- 140.
[2] Flugum, Ryan, John S. Howe, 2020, Hedge Fund Activism and Analyst Uncertainty, International Review of Economics and Finance 66 (1), 206-227.
[1] Flugum, Ryan, Joel Harper, Li Sun, 2020, Employee Performance and Corporate Cash Holdings, International Journal of Managerial Finance 17 (1), 97-117.
WORKING PAPERS
[1] Not In My Backyard: Personal Bias in Mutual Fund Voting on Environmental and Social Proposals (working paper with Choonsik Lee and Matthew Souther)
[2] Industry Aggregation of Analyst Content and Equity Risk Premium Predictability (working paper with Joel Harper, Brian Walkup, and Feifei Wang)
[3] The IPA Hangover: The Lingering Effect of Market Information Processing Ambiguity on Stock Returns (working paper with Kelley Bergsma Lovelace and Feifei Wang)