Todd T. Milbourn
Hubert C. & Dorothy R. Moog Professor of Finance
Area of Expertise:
Corporate Finance, Corporate Finance
Research Interests:
Corporate finance, managerial career concerns, management compensation, and economics of asymmetric information
Selected Publications:
- "Product Market Peers and Relative Performance Evaluation", The Accounting Review, Issue 4, 341-366, with F. Peterse, H. Seo, 2021
- "Targets That Work", Harvard Business Review, Issue 5, 102-107, with R. Gopalan, J. Horn, 2017
- "Compensation Goals and Firm Performance", Journal of Financial Economics, Issue 2, 307-330, with R. Gopalan, B. Bennett, C. Bettis, 2017
- "Which Skills Matter in the Market for CEOs? Evidence from Pay for CEO Credentials", Management Science, Issue 12, with A. Falato, D. Li, 2015
- "The Effect of Auditor Expertise on Executive Compensation", The Accounting Review, Issue 1, with S. Jayaraman, 2015
- "Duration of Executive Compensation", Journal of Finance, Issue 6, 2777-2817, with R. Gopalan, F. Song, A. Thakor, 2014
- "CEO Compensation and Corporate Risk-Taking: Evidence from a Natural Experiment", Journal of Accounting and Economics, Issue 2-3, 79-101, with T. Gormley, D. Matsa, 2013
- "The Role of Stock Liquidity in Executive Compensation", The Accounting Review, Issue 2, 537-563, 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
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
- Board Member, The Xanthus Fund, Oppenheimer Asset Management
Awards/Honors:
- 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
- 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
PhD 1995, Indiana University
BA 1991, Augustana College
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