Dardan Gashi
Dardan Gashi
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Finance PhD candidate at the Swiss Finance Institute (USI Lugano campus)
I visited USC Marshall during Fall 2024, Spring 2025, and Spring 2026
On the 2026-2027 Job Market
Research Interest: Corporate Finance. My work studies and quantifies the role of frictions for incentives and corporate policies.
Working Papers:
"Managerial Beliefs and Agency Conflicts" [PDF] [SSRN]
Executive compensation contracts optimally accommodate managerial beliefs, thereby preserving shareholder value.
This rationalizes the persistence of behavioral biases among top executives in equilibrium.
Presentations: EFA Doctoral Tutorial 2026, 10th HEC Paris Finance PhD Workshop in Memory of Denis Gromb, 6th Research in Behavioral Finance Conference, FMARC Doctoral Tutorial 2026, SFI Research Days 2026, 42nd AFFI, 2nd HKU Next-Gen Finance, USC Marshall, SFI USI Lugano
Award: FMARC 2026 Best Doctoral Paper
"Subjective Beliefs and the Q-theory of Investment" [PDF] [SSRN]
The disconnection between investment and valuation widens after considering the disagreement between investors and managers.
The model implies higher market power to reconcile the evidence.
Presentations: AFA 2026 (poster), SFI Research Days 2025, USC Marshall PhD meeting, SFI USI Lugano
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