Research Interests

Corporate finance: corporate governance, executive compensation, information asymmetry and investment decisions, mergers and acquisitions
Behavioral finance

Clickable links lead to full abstracts and paper.

Publications

Sports Sentiment and Stock Returns (with Diego García and Øyvind Norli) (slides, see bottom of page for press coverage)
Journal of Finance 62(4), 1967-1998
Finalist, Smith-Breeden Prize for Best Paper in the Journal of Finance
Best Paper Award, Caesarea Center 3rd Annual Conference

Working Papers

A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium (with Xavier Gabaix and Augustin Landier)

Governance Through Exit and Voice: A Theory of Multiple Blockholders (with Gustavo Manso) (slides)

Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices (summary, slides)
Moskowitz Prize for Best Paper in Socially Responsible Investing, 2007 (audio recording of talk)
Knowledge@Wharton article, UBS Equity Research report
, Money Message radio interview, Social Funds, Handelsblatt, Handelsblatt 2

How Should Acquirers Select Advisors? Persistence in Investment Bank Performance (with Jack Bao) (slides)
Economist article

Blockholders, Market Efficiency, and Managerial Myopia - Job Market Paper (slides)

Inside Debt (slides)
McGraw-Hill/Irwin Best Paper in Corporate Finance Award, 2006 FMA Meetings

Leverage, Ownership Concentration, and the Tension Between Liquidation and Investment (slides)

Work In Progress

Takeover Activity and Target Valuations: Evidence of Feedback in Financial Markets (with Itay Goldstein and Wei Jiang)

How Should CEOs Be Compensated? Insights From A Neoclassical Structural Model (with Xavier Gabaix, in preparation for JEEA P&P)

Detail-Independent Optimal Contracting, with an Application to CEO Incentives (with Xavier Gabaix)

Selected Academic Awards

2007-8

Finalist, Helen Kardon Moss Anvil Award for best MBA professor

2007-8

Wharton MBA Core Teaching Award

2007-8

Wharton MBA Core Curriculum Award

2007-8 Goldman Sachs & Co. Research Fellowship
2007 Finalist, Smith-Breeden Award for Best Paper in the Journal of Finance
2007 Moskowitz Prize for Best Paper in Socially Responsible Investing
2006 Best Paper in Corporate Finance Award, Financial Management Association meetings
2006 Best Paper Award, 3rd Caesarea Center Annual Conference

2003-4

UK/US Fulbright Scholarship

2001

Highest Double First in Economics and Management, Oxford University

Other Publications

“Bond Valuation”, Chapter 4 in “The Money Market”, McGraw-Hill
“Financial Options”, Chapter 17 in “The Money Market” (with Jack Bao)

Selected Press Coverage (Sports Sentiment and Stock Returns)

TV interviews: CNBC, ESPN, ROBtv

Radio interviews: BBC Five Live, BBC World Service, BBC Radio 2, MarketWatch

Newspaper coverage in Financial Times 1 , FT 2 , Wall Street Journal 1 , WSJ 2 , WSJ 3 , Bloomberg , Washington Post, Boston Globe , Institutional Investor, Nature, MarketWatch , Newsweek , The Times (UK), The Observer (UK), Le Monde (France), La Tribune (France), Les Echos (France), Frankfurter Allgemeine Zeitung (Germany), Der Speigel (Germany), Die Zeit (Germany), and over 30 other countries.

Non-technical summary for a generalist audience.

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Copyright © 2007 Alex Edmans