Recent Changes / Additions:
May 12: The Link Between Job Satisfaction and Firm Value, With Implications for Corporate Social Responsibility, prepared for the Academy of Management Perspectives
February 12: How To Fix Executive Compensation, opinion piece in the Wall Street Journal
December 11: New survey paper on The Real Effects of Financial Markets, at the intersection of asset pricing and corporate finance
November 11: New working paper, Contracting With Synergies
October 11: New working paper, Feedback Effects and the Limits to Arbitrage
August 11: New working paper, The Effect of Liquidity on Governance.
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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