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Alex Edmans Professor of Finance London Business School 26 Sussex Place, P-218 London NW1 4SA Tel: (020) 7000 8258 aedmans<at>london<dot>edu on leave from The Wharton School, University of Pennsylvania 2318 Steinberg Hall-Dietrich Hall 3620 Locust Walk Philadelphia, PA 19104-6367 Tel: (215) 746 0498 Fax: (215) 898-6200 NBER Faculty Research Fellow ECGI Research Associate

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Recent Changes / Additions:

January 13: The Effect of Liquidity on Governance forthcoming in the RFS. We show empirically that stock liquidity increases governance through "exit"/trading and to a lesser extent "voice"/intervention. VoxEU summary, Oxford University Press summary
December 12: Major revision of Financing Through Asset Sales. This version incorporates operational as well as financing motives for asset sales. Harvard Corporate Governance summary.
November 12: The Link Between Job Satisfaction and Firm Value, With Implications for Corporate Social Responsibility, in the Academy of Management Perspectives. AMP press release
October 12: New survey paper on The Real Effects of Financial Markets, at the intersection of asset pricing and corporate finance, in the Annual Review of Financial Economics.
February 12: How To Fix Executive Compensation, opinion piece in the Wall Street Journal.
June 11: A primer on tractable incentive contracts. Brief, non-technical summary of a framework that delivers tractable contracts in broad settings that require few restrictions on the utility function, cost function and noise distribution, and are achievable in discrete time.

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