Details about Alex Edmans

Access statistics for papers by Alex Edmans.

Last updated 2024-11-09. Update your information in the RePEc Author Service.

Short-id: ped30

Working Papers

2023

1. A Theory of Fair CEO Pay
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
2. Applying Economics – Not Gut Feel – To ESG
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
3. CEO compensation: evidence from the field
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (3)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   CESifo Working Paper Series, CESifo (2021) View citations (10)
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2021) View citations (3)
   See also Journal Article CEO compensation: Evidence from the field, Journal of Financial Economics, Elsevier (2023) View citations (3) (2023)
4. Diversity, Equity, and Inclusion
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2023)
5. Does the Carbon Premium Reflect Risk or Mispricing?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2022

6. How should performance signals affect contracts?
   LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (1)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021)
   See also Journal Article How Should Performance Signals Affect Contracts?, The Review of Financial Studies, Society for Financial Studies (2022) View citations (1) (2022)
7. Socially Responsible Divestment
   CEPR Discussion Papers, C.E.P.R. Discussion Papers

2021

8. Music Sentiment and Stock Returns Around the World
   Post-Print, HAL View citations (6)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) View citations (9)
   See also Journal Article Music sentiment and stock returns around the world, Journal of Financial Economics, Elsevier (2022) View citations (21) (2022)
9. The Purpose of a Finance Professor
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
   See also Journal Article The purpose of a finance professor, Financial Management, Financial Management Association International (2022) View citations (2) (2022)
10. When Is (Performance-Sensitive) Debt Optimal?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers

2019

11. The informativeness principle without the first-order approach
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (1)
    See also Journal Article The informativeness principle without the first-order approach, Games and Economic Behavior, Elsevier (2019) View citations (1) (2019)

2018

12. Does improved information improve incentives?
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (5)
    See also Journal Article Does improved information improve incentives?, Journal of Financial Economics, Elsevier (2018) View citations (6) (2018)
13. Strategic news releases in equity vesting months
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library View citations (16)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (3)
    See also Journal Article Strategic News Releases in Equity Vesting Months, The Review of Financial Studies, Society for Financial Studies (2018) View citations (31) (2018)

2017

14. Executive Compensation: A Survey of Theory and Evidence
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (122)
    Also in LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) View citations (15)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) View citations (122)
    CESifo Working Paper Series, CESifo (2017) View citations (113)
15. The Long-Term Consequences of Short-Term Incentives
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    See also Journal Article The Long‐Term Consequences of Short‐Term Incentives, Journal of Accounting Research, Wiley Blackwell (2022) View citations (5) (2022)

2016

16. Blockholders: A Survey of Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (19)
17. Executive Compensation: A Modern Primer
    Scholarly Articles, Harvard University Department of Economics View citations (91)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) View citations (10)
    See also Journal Article Executive Compensation: A Modern Primer, Journal of Economic Literature, American Economic Association (2016) View citations (99) (2016)

2014

18. Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around The World
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (41)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (41)
    See also Journal Article Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around the World, Management Science, INFORMS (2024) (2024)
19. Equity Vesting and Managerial Myopia
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (12)
20. Feedback Effects and the Limits to Arbitrage
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (2)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011) View citations (2)
21. Governance and Comovement Under Common Ownership
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) View citations (3)
22. The Generalized Informativeness Principle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (1)
23. The Informativeness Principle Under Limited Liability
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) View citations (5)
24. The Value of Informativeness for Contracting
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014)

2013

25. Blockholders and Corporate Governance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (7)
    See also Journal Article Blockholders and Corporate Governance, Annual Review of Financial Economics, Annual Reviews (2014) View citations (140) (2014)
26. Contracting With Synergies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) View citations (8)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011) View citations (3)
27. Financing Through Asset Sales
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
    Also in Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2012) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (2)
    See also Journal Article Financing Through Asset Sales, Management Science, INFORMS (2019) View citations (10) (2019)
28. The Real Costs of Disclosure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (9)

2011

29. The Effect of Liquidity on Governance
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
    Also in Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011) View citations (3)
    See also Journal Article The Effect of Liquidity on Governance, The Review of Financial Studies, Society for Financial Studies (2013) View citations (148) (2013)
30. The Real Effects of Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)
    See also Journal Article The Real Effects of Financial Markets, Annual Review of Financial Economics, Annual Reviews (2012) View citations (376) (2012)

2010

31. Dynamic Incentive Accounts
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (10)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (13)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (7)
32. Risk and CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2010) View citations (3)
33. Tractability in Incentive Contracting
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center View citations (2)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) View citations (8)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) View citations (5)
    See also Journal Article Tractability in Incentive Contracting, The Review of Financial Studies, Society for Financial Studies (2011) View citations (52) (2011)

2009

34. Do Investment Banks Have Skill? Performance Persistence of M&A Advisors
    Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics View citations (9)

2008

35. A Calibratable Model of Optimal CEO Incentives in Market Equilibrium
    2008 Meeting Papers, Society for Economic Dynamics View citations (8)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (4)

Journal Articles

2024

1. Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around the World
   Management Science, 2024, 70, (7), 4357-4380
   See also Working Paper Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around The World, CEPR Discussion Papers (2014) View citations (41) (2014)
2. Rational sustainability
   Journal of Applied Corporate Finance, 2024, 36, (2), 8-15 View citations (2)

2023

3. Applying Economics—Not Gut Feel—to ESG
   Financial Analysts Journal, 2023, 79, (4), 16-29 View citations (2)
4. CEO compensation: Evidence from the field
   Journal of Financial Economics, 2023, 150, (3) View citations (3)
   See also Working Paper CEO compensation: evidence from the field, LSE Research Online Documents on Economics (2023) View citations (3) (2023)
5. How great companies deliver both purpose and profit
   Journal of Chinese Economic and Business Studies, 2023, 21, (3), 465-469 View citations (1)
6. The end of ESG
   Financial Management, 2023, 52, (1), 3-17 View citations (1)

2022

7. How Should Performance Signals Affect Contracts?
   The Review of Financial Studies, 2022, 35, (1), 168-206 View citations (1)
   See also Working Paper How should performance signals affect contracts?, LSE Research Online Documents on Economics (2022) View citations (1) (2022)
8. Music sentiment and stock returns around the world
   Journal of Financial Economics, 2022, 145, (2), 234-254 View citations (21)
   See also Working Paper Music Sentiment and Stock Returns Around the World, Post-Print (2021) View citations (6) (2021)
9. Sustainable Finance
   (A simplemodel of capital market equilibrium with incomplete information)
   Review of Finance, 2022, 26, (6), 1309-1313 View citations (7)
10. The Long‐Term Consequences of Short‐Term Incentives
    Journal of Accounting Research, 2022, 60, (3), 1007-1046 View citations (5)
    See also Working Paper The Long-Term Consequences of Short-Term Incentives, CEPR Discussion Papers (2017) View citations (2) (2017)
11. The purpose of a finance professor
    Financial Management, 2022, 51, (1), 3-26 View citations (2)
    See also Working Paper The Purpose of a Finance Professor, CEPR Discussion Papers (2021) (2021)

2020

12. Company purpose and profit need not be in conflict if we ‘grow the pie’
    Economic Affairs, 2020, 40, (2), 287-294 View citations (3)

2019

13. Financing Through Asset Sales
    Management Science, 2019, 65, (7), 3043-3060 View citations (10)
    See also Working Paper Financing Through Asset Sales, CEPR Discussion Papers (2013) View citations (2) (2013)
14. Governance Under Common Ownership
    The Review of Financial Studies, 2019, 32, (7), 2673-2719 View citations (44)
15. The informativeness principle without the first-order approach
    Games and Economic Behavior, 2019, 113, (C), 743-755 View citations (1)
    See also Working Paper The informativeness principle without the first-order approach, LSE Research Online Documents on Economics (2019) View citations (1) (2019)

2018

16. Does improved information improve incentives?
    Journal of Financial Economics, 2018, 130, (2), 291-307 View citations (6)
    See also Working Paper Does improved information improve incentives?, LSE Research Online Documents on Economics (2018) View citations (5) (2018)
17. Strategic News Releases in Equity Vesting Months
    The Review of Financial Studies, 2018, 31, (11), 4099-4141 View citations (31)
    See also Working Paper Strategic news releases in equity vesting months, LSE Research Online Documents on Economics (2018) View citations (16) (2018)

2017

18. Editorial
    Review of Finance, 2017, 21, (1), 1-6
19. Equity Vesting and Investment
    The Review of Financial Studies, 2017, 30, (7), 2229-2271 View citations (89)
20. The source of information in prices and investment-price sensitivity
    Journal of Financial Economics, 2017, 126, (1), 74-96 View citations (74)

2016

21. Executive Compensation: A Modern Primer
    Journal of Economic Literature, 2016, 54, (4), 1232-87 View citations (99)
    See also Working Paper Executive Compensation: A Modern Primer, Scholarly Articles (2016) View citations (91) (2016)
22. The Real Costs of Financial Efficiency When Some Information Is Soft
    Review of Finance, 2016, 20, (6), 2151-2182 View citations (22)

2015

23. Feedback Effects, Asymmetric Trading, and the Limits to Arbitrage
    American Economic Review, 2015, 105, (12), 3766-97 View citations (71)

2014

24. Blockholders and Corporate Governance
    Annual Review of Financial Economics, 2014, 6, (1), 23-50 View citations (140)
    See also Working Paper Blockholders and Corporate Governance, NBER Working Papers (2013) View citations (7) (2013)

2013

25. The Effect of Liquidity on Governance
    The Review of Financial Studies, 2013, 26, (6), 1443-1482 View citations (148)
    See also Working Paper The Effect of Liquidity on Governance, NBER Working Papers (2011) View citations (3) (2011)

2012

26. Dynamic CEO Compensation
    Journal of Finance, 2012, 67, (5), 1603-1647 View citations (94)
27. The Real Effects of Financial Markets
    Annual Review of Financial Economics, 2012, 4, (1), 339-360 View citations (376)
    See also Working Paper The Real Effects of Financial Markets, NBER Working Papers (2011) View citations (4) (2011)
28. The Real Effects of Financial Markets: The Impact of Prices on Takeovers
    Journal of Finance, 2012, 67, (3), 933-971 View citations (270)

2011

29. Do Investment Banks Matter for M&A Returns?
    The Review of Financial Studies, 2011, 24, (7), 2286-2315 View citations (76)
30. Does the stock market fully value intangibles? Employee satisfaction and equity prices
    Journal of Financial Economics, 2011, 101, (3), 621-640 View citations (682)
31. Governance Through Trading and Intervention: A Theory of Multiple Blockholders
    The Review of Financial Studies, 2011, 24, (7), 2395-2428 View citations (271)
32. Inside Debt
    Review of Finance, 2011, 15, (1), 75-102 View citations (46)
33. Short-term termination without deterring long-term investment: A theory of debt and buyouts
    Journal of Financial Economics, 2011, 102, (1), 81-101 View citations (17)
34. The Effect of Risk on the CEO Market
    The Review of Financial Studies, 2011, 24, (8), 2822-2863 View citations (58)
35. Tractability in Incentive Contracting
    The Review of Financial Studies, 2011, 24, (9), 2865-2894 View citations (52)
    See also Working Paper Tractability in Incentive Contracting, Working Papers (2010) View citations (2) (2010)

2009

36. A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium
    The Review of Financial Studies, 2009, 22, (12), 4881-4917 View citations (206)
37. Blockholder Trading, Market Efficiency, and Managerial Myopia
    Journal of Finance, 2009, 64, (6), 2481-2513 View citations (369)
38. Is CEO Pay Really Inefficient? A Survey of New Optimal Contracting Theories
    European Financial Management, 2009, 15, (3), 486-496 View citations (101)

2007

39. Sports Sentiment and Stock Returns
    Journal of Finance, 2007, 62, (4), 1967-1998 View citations (355)

Books

2021

1. Grow the Pie
   Cambridge Books, Cambridge University Press View citations (2)
   Also in Cambridge Books, Cambridge University Press (2020) View citations (15)

Chapters

2023

1. The Power of Purposeful Business
   Springer

Editor

1. Review of Finance
   European Finance Association