Olin Business School | Todd Milbourn

Todd Milbourn

Professor Milbourn previously taught at the London Business School and the University of Chicago before coming to Olin.

Corporate Finance

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, The Xanthus Fund, Oppenheimer Asset Management
Board Member, St. Louis Military Officer Support Foundation

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
Olin Award Winner on Compensation Goals and Firm Performance, Olin Business School, 2016
St. Louis Founder's Day Distinguished Faculty Award, Washington University, 2015
Marcile and James Reid Chair, Washington University in St. Louis, 2002
MBA Teaching Excellence Award, Indiana University School of Business, 1995

Corporate finance, CEO compensation, valuation, credit ratings, and corporate governance.

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

"Product Market Peers and Relative Performance Evaluation", The Accounting Review, Issue 4, 341-366, with S. Jayaraman, F. Peters, Hojun Seo, 2021
"Targets That Work", Harvard Business Review, Issue 5, 102-107, with Radhakrishnan Gopalan, John Horn, 2017
"Compensation Goals and Firm Performance", Journal of Financial Economics, Issue 2, 307-330, with Radhakrishnan Gopalan, Benjamin Bennett, Carr Bettis, 2017
"Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials", Management Science, Issue 12, with Antonio Falato, Dan Li, 2015
"The Effect of Auditor Expertise on Executive Compensation", The Accounting Review, Issue 1, with Sudarshan Jayaraman, 2015
"How did increased competition affect credit ratings?", Journal of Financial Economics, 493-514, with Bo Becker, 2011
"Duration of Executive Compensation", Journal of Finance, Issue 6, 2777-2817, with Radhakrishnan Gopalan, Fenghua Song, Anjan Thakor, 2014
"CEO Compensation and Corporate Risk-Taking: Evidence from a Natural Experiment", Journal of Accounting and Economics, Issue 2-3, 79-101, with David Matsa, 2013
"The Role of Stock Liquidity in Executive Compensation", The Accounting Review, Issue 2, 537-563, with Sudarshan Jayaraman, 2012
"Credit Ratings as Coordination Mechanisms", Review of Financial Studies, Issue 1, 81-118, with Arnoud Boot, Anjolein Schmeits, 2006