Todd T Milbourn
Hubert C. & Dorothy R. Moog Professor of Finance
Area of Expertise:
Corporate Finance
Research Interests:
Corporate finance, managerial career concerns, management compensation, and economics of asymmetric information
Selected Publications:- "The Role of Stock Liquidity in Executive Compensation", The Accounting Review, Issue 2, 537-564, with S. Jayaraman, 2012
- "How did increased competition affect credit ratings?", Journal of Financial Economics, 493-514, with B. Becker, 2011
- "Strategic Flexibility and the Optimality of Pay for Sector Performance", Review of Financial Studies, Issue 5, 2060-2098, with R. Gopalan, F. Song, 2010
- "Asymmetric Benchmarking in Compensation: Executives are Paid for Good Luck But Not Punished for Bad", Journal of Financial Economics / Simon School of Business, Issue 1, 197-225, with G. Garvey, 2006
- "Credit Ratings as Coordination Mechanisms", Review of Financial Studies / Oxford University Press on behalf of The Society for Financial Studies, Issue 1, 81-118, with A. Boot, A. Schmeits, 2006
- "Sunflower Management and Capital Budgeting", Journal of Business, Issue 2, 501-527, with A. Thakor, A. Boot, 2005
- "Incentive Compensation When Executives Can Hedge the Market: Evidence of Relative Performance Evaluation in the Cross-Section", Journal of Finance / American Finance Association, Issue 4, 1557-1582, with G. Garvey, 2003
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Academic/Professional Activities:- Referee, The Review of Financial Studies; Journal of Business; Journal of Financial Intermediation; Journal of Banking and Finance; European Economic Review; Journal of Economics; Financial Management
- Member, Western Finance Association; Financial Management Association; American Finance Association; and American Economic Association
- Board Member, St. Louis Military Officer Support Foundation
Awards/Honors:- Marcile and James Reid Chair, Washington University in St. Louis, 2002
- MBA Teaching Excellence Award, Indiana University School of Business, 1995
- Beta Gamma Sigma since 1996
- Phi Beta Kappa member since 1991
- Reid Teaching Awards: BSBA 2009, 2011, 2012; Full-Time MBA 2004; EMBA Fudan Class 9; EMBA 22, 23, 24, 25; EMBA-HSM IV; Washington University in St. Louis
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Professor Milbourn previously taught at the London Business School and the University of Chicago before coming to Olin.
Todd T Milbourn's Home Page
Todd T Milbourn's Curriculum Vitae
Email: milbourn@wustl.edu
Phone: (314) 935-6392
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