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Biography

Education
  • Ph.D. in finance, University of Toronto
  • M.S. in finance, University of British Columbia
  • M.S. in mechanical engineering, University of Alberta
  • B.S. in mechanical engineering, Sharif University of Technology
Select Publications
  • The Value Implications of Mandatory Clawback Provisions, (with Tor-Erik Bakke and Aazam Virani), Journal of Law and Economics, forthcoming.
  • Director Networks and Firm Value, (with Tor-Erik Bakke, Jeff Black and Scott Linn), Journal of Corporate Finance, 2024, 85, 102545.
  • Foreign Competition and CEO Risk-Incentive Compensation, (with Tor-Erik Bakke, Felix Zhiyu Feng and Heqing Zhu), Journal of Corporate Finance, 2022, 76, 102241.
  • Why Are Bidder Termination Provisions Included In Takeovers?, (with Zhiyao Chen, Aazam Virani and Xiaofei Zhao), Journal of Financial and Quantitative Analysis, 2022, 57(7) 2860-2896.
  • Does Independent Advice to the Board Affect CEO Compensation?, (with Tor-Erik Bakke), Journal of Financial and Quantitative Analysis, 2021, 56(2) 693-744.
  • Performance Peer Groups in CEO Compensation Contracts, (with Tor-Erik Bakke and Ashley Newton), Financial Management, 2020, 49(4) 997-1027.
  • Collective Action and Governance Activism, (with Craig Doidge, Alexander Dyck and Aazam Virani), Review of Finance, 2019, 23(5) 893-933.
  • The Causal Effect of Option Pay on Corporate Risk Management (with Tor-Erik Bakke, Chitru Fernando and Jesus Salas), Journal of Financial Economics, 2016, 120, 623-643.
  • Corporate Payout Policy, Cash Savings, and The Cost of Consistency: Evidence from a Structural Estimation (with Michael Pavlin), Financial Management, 2013, 42(4) 843-874.

Current Projects

The Impact of a Principles-based Approach to Director Gender Diversity, (with Tor-Erik Bakke, Laura Field and Aazam Virani).
Does Corporate Political Spending Advance Shareholder Interests? Evidence from Clawback Regulation, (with Tor-Erik Bakke and Aazam Virani).
Growth-promoting Bonuses and Mergers and Acquisitions, (with Tor-Erik Bakke, Mathias Kronlund and Aazam Virani).
Politicization of the Supreme Court and Firm Value: Evidence from Ruth Bader Ginsburg's Death, (with Tor-Erik Bakke, Aazam Virani and Song Zhang).

Research Interests

Corporate Finance, Executive Compensation, Corporate Governance, Mergers and Acquisitions, Politics and Finance

Working Papers

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