

{"id":86,"date":"2014-05-07T11:12:34","date_gmt":"2014-05-07T15:12:34","guid":{"rendered":"https:\/\/sites.temple.edu\/lnaveen\/?page_id=86"},"modified":"2024-09-24T12:28:20","modified_gmt":"2024-09-24T16:28:20","slug":"publications-2","status":"publish","type":"page","link":"https:\/\/sites.temple.edu\/lnaveen\/publications-2\/","title":{"rendered":"Publications"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong><a href=\"https:\/\/www.sciencedirect.com\/science\/article\/pii\/S0378426623002352\">Impact of risk oversight functions on bank risk: Evidence from the Dodd-Frank Act<\/a><\/strong> <em><mark class=\"has-inline-color has-nv-dark-bg-color\">(with Lakshmi Balasubramanyan, Naveen Daniel, and Joseph Haubrich)<\/mark><\/em><\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p><strong><em>Journal of Banking and Finance (2024) 158, 107049<\/em><\/strong><\/p>\n\n\n\n<p>Write-up in <a href=\"https:\/\/clsbluesky.law.columbia.edu\/2023\/12\/04\/what-dodd-frank-tells-us-about-the-impact-of-risk-oversight-functions-on-bank-risk\/\">CLS BlueSky<\/a> (Columbia Law School Corporate Governance Blog), Dec 2023<\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><a href=\"https:\/\/journals.sagepub.com\/doi\/pdf\/10.1177\/0148558X241237296?casa_token=ySmVBcXjT3EAAAAA:0U3vpWxVlc5YUdxn9tkxpxK8THWoxqLokFuSV9E03eXqL1KGZ88YR6tTc8Ueodt_MYtj6Nq8_TW2\"><strong>Information Discovery by Analysts<\/strong><br><\/a> <mark class=\"has-inline-color has-nv-dark-bg-color\"><em>(with Naveen Daniel and Sangmook Lee) <\/em><\/mark><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p><em><strong><strong><em>Journal of Accounting, Auditing, and Finance (2024) <\/em><\/strong><\/strong><\/em><\/p>\n\n\n\n<p>Best Paper Award at 10th Annual Conference on Asia-Pacific Financial Markets (2015)                                                                                                                                                 &#8220;Top 10%&#8221; Session at FMA meeting<\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><strong><a href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=4505978\">Survey of Boards\u2019 Monitoring and Advisory Roles <\/a><\/strong><br><em><mark class=\"has-inline-color has-nv-dark-bg-color\">(with Jeff Coles and Naveen Daniel) <\/mark><\/em><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p><strong><em>Handbook of Corporate Finance (2024) edited by David Denis, Edward Elgar Publishing<\/em><\/strong><\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.annualreviews.org\/doi\/abs\/10.1146\/annurev-financial-101520-065559\" target=\"_blank\">Diversity on Corporate Boards<\/a> <\/strong><br><em><mark class=\"has-inline-color has-nv-dark-bg-color\">(with Anzhela Knyazeva and Diana Knyazeva) <\/mark><\/em><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p><em><strong>Annual <\/strong><\/em><strong><em>Review of Financial Economics<\/em><\/strong> (2021) Vol. 13, 301-320 <\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/sites.temple.edu\/lnaveen\/files\/2021\/11\/RFS_payforluck_2020.pdf\" target=\"_blank\">Symmetry in Pay for Luck<\/a> <\/strong><br><mark class=\"has-inline-color has-nv-dark-bg-color\"><em>(with Naveen Daniel and Lily Li) <\/em><\/mark><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p><em><strong><strong><em>Review of Financial Studies<\/em><\/strong> (2020), <em>Vol. 33, 3174\u20133204; 5 citations<\/em> <\/strong><\/em><\/p>\n\n\n\n<p><em><strong> <\/strong><\/em><a rel=\"noreferrer noopener\" href=\"https:\/\/sites.temple.edu\/lnaveen\/files\/2019\/03\/RFS_Online_Appendix_Mar2019.pdf\" target=\"_blank\">Online Appendix<\/a> <\/p>\n\n\n\n<p> <a rel=\"noreferrer noopener\" href=\"https:\/\/corpgov.law.harvard.edu\/2019\/08\/01\/symmetry-in-pay-for-luck\/\" target=\"_blank\">Write-up<\/a> in Harvard Law School Forum, August 2019 <\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p> <strong><a rel=\"noreferrer noopener\" href=\"https:\/\/sites.temple.edu\/lnaveen\/files\/2020\/11\/co-option_RFS_2014.pdf\" target=\"_blank\">Co-opted Boards<\/a> <\/strong><br><em><mark class=\"has-inline-color has-nv-dark-bg-color\">(with Jeff Coles and Naveen Daniel) <\/mark><\/em><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p><strong><em>Review of Financial Studies <\/em><\/strong><em>(2014)<\/em>, <em>Vol. 27, 1751-1796<\/em>; <em>242 citations<sup>+<\/sup><\/em> <\/p>\n\n\n\n<p> Summarized in <em>CFA digest, 2015, Vol 45<\/em> <\/p>\n\n\n\n<p> <strong>Best Paper<\/strong> at Conference on Corporate Governance and Fraud Prevention, 2008 <\/p>\n\n\n\n<p> <strong>\u201cHighly Cited\u201d <\/strong>paper on SSCI (top 1%)<strong>&nbsp;<\/strong> <\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><strong> <a rel=\"noreferrer noopener\" href=\"http:\/\/www.sciencedirect.com\/science\/article\/pii\/S0148619513000283\" target=\"_blank\">Introduction to the Special Issue on Executive Compensation<\/a> <\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p><strong><em><strong><em>Journal of Economics and Business <\/em><\/strong><em>(2013), Vol. 67, 1-3<\/em> <\/em><\/strong><\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/sites.temple.edu\/lnaveen\/files\/2014\/05\/JFE_Ratchet.pdf\" target=\"_blank\">Does the use of peer groups contribute to higher pay and less efficient compensation<\/a> &nbsp;<\/strong><br><em><mark class=\"has-inline-color has-nv-dark-bg-color\">(with John Bizjak and Mike Lemmon) <\/mark><\/em><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p><strong><em><strong><em><strong><em>Journal of Financial Economics <\/em><\/strong><em>(2008), Vol. 90, 152-168; 181 citations<\/em> <\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<p><strong><em><strong><em> <\/em><\/strong><\/em><strong>Designated <strong>\u201cHall of Fame\u201d <\/strong>paper by <\/strong><em><strong><em><em>Journal of Financial Economics<sup>++<\/sup><\/em><strong>&nbsp;<\/strong> <\/em><\/strong><\/em><\/strong><\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/sites.temple.edu\/lnaveen\/files\/2014\/05\/JAE_earnings_management_2008.pdf\" target=\"_blank\">Do firms manage earnings to meet dividend thresholds?<\/a> <\/strong><br><em><mark class=\"has-inline-color has-nv-dark-bg-color\">(with Naveen Daniel and Dave Denis)<\/mark><\/em> <\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p> <strong><em>Journal of Accounting and Economics<\/em><\/strong><em> (2008), Vol. 45, 2-29; 78 citations <\/em> <\/p>\n\n\n\n<p> <strong>Lead article<\/strong> <\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/sites.temple.edu\/lnaveen\/files\/2014\/05\/JFE_boards_2008.pdf\" target=\"_blank\">Boards: Does one size fit all?<\/a> <\/strong><br><em><mark class=\"has-inline-color has-nv-dark-bg-color\">(with Jeff Coles and Naveen Daniel) <\/mark><\/em><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p><strong><em>Journal of Financial Economics<\/em><\/strong><em> (2008), Vol. 87, 329-356; 1,035 citations<\/em> <\/p>\n\n\n\n<p> \u201c<strong>Highly Cited<\/strong>\u201d paper on SSCI (top 1%)<sup>+++<\/sup> <\/p>\n\n\n\n<p> Designated <strong>\u201cHall of Fame\u201d <\/strong>paper by Journal of Financial Economics <\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><a rel=\"noreferrer noopener\" href=\"https:\/\/sites.temple.edu\/lnaveen\/files\/2014\/05\/JFE_risktaking_2006.pdf\" target=\"_blank\"><strong>Managerial incentives and risk-taking<\/strong><\/a> <br><em><mark class=\"has-inline-color has-nv-dark-bg-color\">(with Jeff Coles and Naveen Daniel) <\/mark><\/em><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p> <strong><em>Journal of Financial Economics<\/em><\/strong><em> (2006), Vol. 79, 431-468; 937 citations<\/em> <\/p>\n\n\n\n<p> <a rel=\"noreferrer noopener\" href=\"https:\/\/scholar.google.com\/citations?view_op=list_classic_articles&amp;hl=en&amp;by=2006&amp;vq=bus_finance\" target=\"_blank\">Google Scholar Top 10 Classic Finance papers<\/a> \u201cthat withstood the test of time\u201d <\/p>\n\n\n\n<p> \u201c<strong>Highly Cited<\/strong>\u201d paper on SSCI (top 1%)<sup>+++<\/sup> <\/p>\n\n\n\n<p> Designated \u201c<strong>Hall of Fame<\/strong>\u201d paper by <em>Journal of Financial Economics<\/em> <\/p>\n\n\n\n<p> Reprinted in <em>Recent Developments in the Economics of Executive Compensation<\/em> <\/p>\n\n\n\n<p> Accompanying <a rel=\"noreferrer noopener\" href=\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=2296381\" target=\"_blank\">SSRN note<\/a> on calculation of incentives downloaded 5,772 times <\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/sites.temple.edu\/lnaveen\/files\/2014\/05\/JFQA-2006_succession_planning.pdf\" target=\"_blank\">Organizational complexity and succession planning<\/a> <\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p> <strong><em>Journal of Financial and Quantitative Analysis<\/em><\/strong><em> (2006), Vol. 41, 661-684; 74 citations<\/em> <\/p>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<div class=\"wp-block-columns are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:40%\">\n<p><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/sites.temple.edu\/lnaveen\/files\/2014\/05\/JCF_sep2006.pdf\" target=\"_blank\">Organizational complexity and CEO labor markets: Evidence from diversified firms<\/a> <\/strong><br><em><mark class=\"has-inline-color has-nv-dark-bg-color\"> (with Tammy Berry, John Bizjak, and Mike Lemmon) <\/mark><\/em><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<p> <strong><em>Journal of Corporate Finance<\/em><\/strong><em> (2006), Vol. 12, 797-817; 61 citations<\/em> <\/p>\n\n\n\n<p> <strong>Best Paper<\/strong> at Northern Finance Association Conference (2002) <\/p>\n<\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Impact of risk oversight functions on bank risk: Evidence from the Dodd-Frank Act (with Lakshmi Balasubramanyan, Naveen Daniel, and Joseph Haubrich) Journal of Banking and Finance (2024) 158, 107049 Write-up in CLS BlueSky (Columbia Law School Corporate Governance Blog), Dec 2023 Information Discovery by Analysts (with Naveen Daniel and Sangmook Lee) Journal of Accounting, Auditing,&hellip;&nbsp;<a href=\"https:\/\/sites.temple.edu\/lnaveen\/publications-2\/\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">Publications<\/span><\/a><\/p>\n","protected":false},"author":3049,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":100,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"class_list":["post-86","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sites.temple.edu\/lnaveen\/wp-json\/wp\/v2\/pages\/86","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.temple.edu\/lnaveen\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.temple.edu\/lnaveen\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.temple.edu\/lnaveen\/wp-json\/wp\/v2\/users\/3049"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.temple.edu\/lnaveen\/wp-json\/wp\/v2\/comments?post=86"}],"version-history":[{"count":8,"href":"https:\/\/sites.temple.edu\/lnaveen\/wp-json\/wp\/v2\/pages\/86\/revisions"}],"predecessor-version":[{"id":666,"href":"https:\/\/sites.temple.edu\/lnaveen\/wp-json\/wp\/v2\/pages\/86\/revisions\/666"}],"wp:attachment":[{"href":"https:\/\/sites.temple.edu\/lnaveen\/wp-json\/wp\/v2\/media?parent=86"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}