Tor-Erik Bakke

Associate Professor of Finance

University of Illinois at Chicago

tbakke@uic.edu

Curriculum Vitae

Publications

The Value Implications of Mandatory Clawback Provisions, November 2024, (with Hamed Mahmudi and Aazam Virani), Journal of Law and Economics, forthcoming. 

Director Networks and Firm Value, (with Jeff Black, Hamed Mahmudi and Scott Linn), Journal of Corporate Finance, 2024, 85, 102-545. 

Foreign Competition and CEO Risk-Incentive Compensation, (with Felix Zhiyu Feng, Hamed Mahmudi,  and Heqing Zhu), Journal of Corporate Finance,  2022, 76, 102-241. Internet Appendix

Does Independent Advice to The Board Affect CEO Compensation?, (with Hamed Mahmudi), 2021, Journal of Financial and Quantitative Analysis, 56(2) 693-744. 

Performance Peer Groups in CEO Compensation Contracts, (with Hamed Mahmudi and Ashley Newton), 2020, Financial Management, 49(4) 997-1027. 

Diversification and Cash Dynamics (with Tiantian Gu), 2017, Journal of Financial Economics 3, 580-601. 

The Causal Effect of Option Pay on Corporate Risk Management (with Hamed Mahmudi, Chitru Fernando and Jesus Salas), 2016,  Journal of Financial Economics 120, 623-643.

The Real Effects of Market Liquidity: Causal Evidence from Delisting (with Toni Whited and Candace Jens), 2013, Finance Research Letters 9, 183-193.  

Threshold Events and Identification: A Study of Cash Shortfalls (with Toni Whited), 2012, Journal of Finance 25, 1286-1329. 

Which Firms Follow the Market? An Analysis of Corporate Investment Decisions (with Toni Whited), 2010, Review of Financial Studies 23, 1941-1980.

Working Papers

Does Corporate Political Spending Advance Shareholder Interests? Evidence from Clawback Regulation, July 2024, (with Hamed Mahmudi and Aazam Virani). Internet Appendix

The Impact of a Principles-based Approach to Director Gender Diversity, September 2024, (with Laura Field, Hamed Mahmudi and Aazam Virani). Internet Appendix

Politicization of the Supreme Court and Firm Value: Evidence from Ruth Bader Ginsburg's Death, November 2023, (with Hamed Mahmudi,  Aazam Virani and Song Zhang). 

Growth-Promoting Bonuses and Mergers and Acquisitions ,  December 2023, (with Mathias Kronlund, Hamed Mahmudi and Aazam Virani).