Todd Milbourn

Professor of Finance

Research interests:

Corporate finance, managerial career concerns, management compensation, and economics of asymmetric information

Selected Publications:

To view publications by this professor, visit the Publications and Working Papers section of our site.

• "Asymmetric benchmarking in compensation: Executives are rewarded for good luck but not penalized for bad," Journal of Financial Economics, Issue 82-1, 197-226, with G. Garvey, 2006
• "Credit Ratings as Coordination Mechanisms," Review of Financial Studies, Issue Vol 19, No 1, 81-118, with A. Boot, and A. Schmeits, Spring 2006
• "Sunflower Management and Capital Budgeting," Journal of Business, Issue 78-2, 501-527, with A. Boot, and A. Thakor, March 2005
• "Incentive Compensation When Executives Can Hedge the Market: Evidence of Relative Performance Evaluation in the Cross-Section," Journal of Finance, Issue Vol 58, No 4, 1557-1582, with G. Garvey, August 2003
• "CEO Reputation and Stock-Based Compensation," Journal of Financial Economics, Issue Vol 68, No 2, 233-263, 2003

Academic/professional activities:

Board Member: St. Louis Military Officer Support Foundation, 2008-Present
Ad hoc 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

Awards/honors:

Reid Teaching Awards, BSBA 2009, Full-Time MBA 2004, EMBA 22, 23, 24, 25, EMBA-HSM IV, Washington University in St. Louis, 2009
Marcile and James Reid Chair,, Washington University in St. Louis, 2002-2003 (In Recognition of Excellence in Teaching by a Junior faculty Member), 2002-2003
Beta Gamma Sigma member since 1996, 1996
Indiana University School of Business, MBA Teaching Excellence Award, 1995
Phi Beta Kappa member since 1991, 1991

Personal interests:

Professor Milbourn enjoys spending time with his family and sports.