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Details about Alex Edmans

Homepage:http://www.alexedmans.com
Workplace:Finance Department, Wharton School of Business, University of Pennsylvania, (more information at EDIRC)

Access statistics for papers by Alex Edmans.

Last updated 2023-12-21. Update your information in the RePEc Author Service.

Short-id: ped30


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Working Papers

2023

  1. A Theory of Fair CEO Pay
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
  2. Applying Economics – Not Gut Feel – To ESG
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
  3. CEO compensation: evidence from the field
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library Downloads
    Also in CESifo Working Paper Series, CESifo (2021) Downloads View citations (9)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2021) Downloads View citations (2)

    See also Journal Article CEO compensation: Evidence from the field, Journal of Financial Economics, Elsevier (2023) Downloads (2023)
  4. Diversity, Equity, and Inclusion
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2023) Downloads

2022

  1. How should performance signals affect contracts?
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library Downloads
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2021) Downloads

    See also Journal Article How Should Performance Signals Affect Contracts?, The Review of Financial Studies, Society for Financial Studies (2022) Downloads (2022)

2021

  1. Music Sentiment and Stock Returns Around the World
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (7)
    Also in Post-Print, HAL (2021) View citations (6)

    See also Journal Article Music sentiment and stock returns around the world, Journal of Financial Economics, Elsevier (2022) Downloads View citations (10) (2022)
  2. The Purpose of a Finance Professor
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    See also Journal Article The purpose of a finance professor, Financial Management, Financial Management Association International (2022) Downloads View citations (2) (2022)
  3. When Is (Performance-Sensitive) Debt Optimal?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads

2019

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

2018

  1. Does improved information improve incentives?
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library Downloads View citations (5)
    See also Journal Article Does improved information improve incentives?, Journal of Financial Economics, Elsevier (2018) Downloads View citations (6) (2018)
  2. Strategic news releases in equity vesting months
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library Downloads View citations (16)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (3)

    See also Journal Article Strategic News Releases in Equity Vesting Months, The Review of Financial Studies, Society for Financial Studies (2018) Downloads View citations (25) (2018)

2017

  1. Executive Compensation: A Survey of Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (116)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) Downloads View citations (116)
    CESifo Working Paper Series, CESifo (2017) Downloads View citations (107)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2017) Downloads View citations (9)
  2. The Long-Term Consequences of Short-Term Incentives
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)
    See also Journal Article The Long‐Term Consequences of Short‐Term Incentives, Journal of Accounting Research, Wiley Blackwell (2022) Downloads View citations (3) (2022)

2016

  1. Blockholders: A Survey of Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (18)
  2. Executive Compensation: A Modern Primer
    Scholarly Articles, Harvard University Department of Economics Downloads View citations (89)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) Downloads View citations (8)
    NBER Working Papers, National Bureau of Economic Research, Inc (2015) Downloads View citations (10)

    See also Journal Article Executive Compensation: A Modern Primer, Journal of Economic Literature, American Economic Association (2016) Downloads View citations (90) (2016)

2014

  1. Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around The World
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (38)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads View citations (38)
  2. Equity Vesting and Managerial Myopia
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (12)
  3. Feedback Effects and the Limits to Arbitrage
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (4)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (2)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011) Downloads View citations (2)
  4. Governance and Comovement Under Common Ownership
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2014) Downloads View citations (3)
  5. The Generalized Informativeness Principle
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads View citations (1)
  6. The Informativeness Principle Under Limited Liability
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads View citations (5)
  7. The Value of Informativeness for Contracting
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads View citations (3)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2014) Downloads

2013

  1. Blockholders and Corporate Governance
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (6)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (7)

    See also Journal Article Blockholders and Corporate Governance, Annual Review of Financial Economics, Annual Reviews (2014) Downloads View citations (127) (2014)
  2. Contracting With Synergies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (5)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2011) Downloads View citations (3)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011) Downloads View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) Downloads View citations (7)
  3. Financing Through Asset Sales
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (2)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2012) Downloads View citations (3)

    See also Journal Article Financing Through Asset Sales, Management Science, INFORMS (2019) Downloads View citations (9) (2019)
  4. The Real Costs of Disclosure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (9)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (9)

2011

  1. The Effect of Liquidity on Governance
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    Also in Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2011) Downloads View citations (3)

    See also Journal Article The Effect of Liquidity on Governance, The Review of Financial Studies, Society for Financial Studies (2013) Downloads View citations (130) (2013)
  2. The Real Effects of Financial Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article The Real Effects of Financial Markets, Annual Review of Financial Economics, Annual Reviews (2012) Downloads View citations (347) (2012)

2010

  1. Dynamic Incentive Accounts
    2010 Meeting Papers, Society for Economic Dynamics View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads View citations (10)
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center (2010) Downloads View citations (7)
    NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (14)
  2. Risk and CEO Market: Why Do Some Large Firms Hire Highly-Paid, Low-Talent CEOs?
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center Downloads View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (3)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2010) Downloads View citations (3)
  3. Tractability in Incentive Contracting
    Working Papers, University of Pennsylvania, Wharton School, Weiss Center Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2009) Downloads View citations (5)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads View citations (8)
    2010 Meeting Papers, Society for Economic Dynamics (2010) View citations (2)

    See also Journal Article Tractability in Incentive Contracting, The Review of Financial Studies, Society for Financial Studies (2011) Downloads View citations (51) (2011)

2009

  1. 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 Downloads View citations (9)

2008

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

Journal Articles

2023

  1. CEO compensation: Evidence from the field
    Journal of Financial Economics, 2023, 150, (3) Downloads
    See also Working Paper CEO compensation: evidence from the field, LSE Research Online Documents on Economics (2023) Downloads (2023)
  2. How great companies deliver both purpose and profit
    Journal of Chinese Economic and Business Studies, 2023, 21, (3), 465-469 Downloads
  3. The end of ESG
    Financial Management, 2023, 52, (1), 3-17 Downloads View citations (1)

2022

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

2020

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

2019

  1. Financing Through Asset Sales
    Management Science, 2019, 65, (7), 3043-3060 Downloads View citations (9)
    See also Working Paper Financing Through Asset Sales, CEPR Discussion Papers (2013) Downloads View citations (2) (2013)
  2. Governance Under Common Ownership
    The Review of Financial Studies, 2019, 32, (7), 2673-2719 Downloads View citations (34)
  3. The informativeness principle without the first-order approach
    Games and Economic Behavior, 2019, 113, (C), 743-755 Downloads View citations (1)
    See also Working Paper The informativeness principle without the first-order approach, LSE Research Online Documents on Economics (2019) Downloads View citations (1) (2019)

2018

  1. Does improved information improve incentives?
    Journal of Financial Economics, 2018, 130, (2), 291-307 Downloads View citations (6)
    See also Working Paper Does improved information improve incentives?, LSE Research Online Documents on Economics (2018) Downloads View citations (5) (2018)
  2. Strategic News Releases in Equity Vesting Months
    The Review of Financial Studies, 2018, 31, (11), 4099-4141 Downloads View citations (25)
    See also Working Paper Strategic news releases in equity vesting months, LSE Research Online Documents on Economics (2018) Downloads View citations (16) (2018)

2017

  1. Editorial
    Review of Finance, 2017, 21, (1), 1-6 Downloads
  2. Equity Vesting and Investment
    The Review of Financial Studies, 2017, 30, (7), 2229-2271 Downloads View citations (73)
  3. The source of information in prices and investment-price sensitivity
    Journal of Financial Economics, 2017, 126, (1), 74-96 Downloads View citations (60)

2016

  1. Executive Compensation: A Modern Primer
    Journal of Economic Literature, 2016, 54, (4), 1232-87 Downloads View citations (90)
    See also Working Paper Executive Compensation: A Modern Primer, Scholarly Articles (2016) Downloads View citations (89) (2016)
  2. The Real Costs of Financial Efficiency When Some Information Is Soft
    Review of Finance, 2016, 20, (6), 2151-2182 Downloads View citations (17)

2015

  1. Feedback Effects, Asymmetric Trading, and the Limits to Arbitrage
    American Economic Review, 2015, 105, (12), 3766-97 Downloads View citations (61)

2014

  1. Blockholders and Corporate Governance
    Annual Review of Financial Economics, 2014, 6, (1), 23-50 Downloads View citations (127)
    See also Working Paper Blockholders and Corporate Governance, CEPR Discussion Papers (2013) Downloads View citations (6) (2013)

2013

  1. The Effect of Liquidity on Governance
    The Review of Financial Studies, 2013, 26, (6), 1443-1482 Downloads View citations (130)
    See also Working Paper The Effect of Liquidity on Governance, NBER Working Papers (2011) Downloads View citations (3) (2011)

2012

  1. Dynamic CEO Compensation
    Journal of Finance, 2012, 67, (5), 1603-1647 Downloads View citations (86)
  2. The Real Effects of Financial Markets
    Annual Review of Financial Economics, 2012, 4, (1), 339-360 Downloads View citations (347)
    See also Working Paper The Real Effects of Financial Markets, NBER Working Papers (2011) Downloads View citations (4) (2011)
  3. The Real Effects of Financial Markets: The Impact of Prices on Takeovers
    Journal of Finance, 2012, 67, (3), 933-971 Downloads View citations (238)

2011

  1. Do Investment Banks Matter for M&A Returns?
    The Review of Financial Studies, 2011, 24, (7), 2286-2315 Downloads View citations (72)
  2. Does the stock market fully value intangibles? Employee satisfaction and equity prices
    Journal of Financial Economics, 2011, 101, (3), 621-640 Downloads View citations (586)
  3. Governance Through Trading and Intervention: A Theory of Multiple Blockholders
    The Review of Financial Studies, 2011, 24, (7), 2395-2428 Downloads View citations (242)
  4. Inside Debt
    Review of Finance, 2011, 15, (1), 75-102 Downloads View citations (46)
  5. Short-term termination without deterring long-term investment: A theory of debt and buyouts
    Journal of Financial Economics, 2011, 102, (1), 81-101 Downloads View citations (18)
  6. The Effect of Risk on the CEO Market
    The Review of Financial Studies, 2011, 24, (8), 2822-2863 Downloads View citations (53)
  7. Tractability in Incentive Contracting
    The Review of Financial Studies, 2011, 24, (9), 2865-2894 Downloads View citations (51)
    See also Working Paper Tractability in Incentive Contracting, Working Papers (2010) Downloads View citations (2) (2010)

2009

  1. A Multiplicative Model of Optimal CEO Incentives in Market Equilibrium
    The Review of Financial Studies, 2009, 22, (12), 4881-4917 Downloads View citations (198)
  2. Blockholder Trading, Market Efficiency, and Managerial Myopia
    Journal of Finance, 2009, 64, (6), 2481-2513 Downloads View citations (333)
  3. Is CEO Pay Really Inefficient? A Survey of New Optimal Contracting Theories
    European Financial Management, 2009, 15, (3), 486-496 Downloads View citations (99)

2007

  1. Sports Sentiment and Stock Returns
    Journal of Finance, 2007, 62, (4), 1967-1998 Downloads View citations (339)

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
 
Page updated 2024-05-22