Ph.D., Stanford University, 2004; M.A., Stanford University, 1999; B.A., Stanford University, 1993
Entrepreneurial Finance; Venture Capital and Private Equity; Corporate Governance and Monitoring; Financial Contracting; Boundaries of the Firm
On Testing for Partner Similarity in Matching, with Yael Hochberg and Mark Westerfield
Analyst Competition and Monitoring, with Simona Mola
Analysts and Corporate Liquidity Policy, with Thomas Bates and Ching-Hung (Henry) Chang
Arizona State University: 2003-present
Career and Professional Awards; Teaching Awards
Beyster Fellowship, Barrett Honors College Honors Disciplinary Faculty, W.P. Carey School Research Support Grant, 2004, Financial Services Exchange Research Grant, 2003
Professional Leadership and Service
Western Finance Association Program Committee 2008-present; European Finance Association Program Committee 2013-present; Financial Management Association Program Committee 2005, 2007, 2008; Ad Hoc Referee: Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation
Corporate and Public Sector Leadership
NBER Entrepreneurship Working Group
“Economic Ties in Co-Investment Networks: Evidence from Venture Capital,” with Yael Hochberg and Mark Westerfield. Journal of Financial Economics, forthcoming.
“Blockholder Heterogeneity, CEO Compensation, and Firm Performance,” with Christopher P. Clifford. Journal of Financial and Quantitative Analysis, forthcoming.
“Incentives, Targeting and Firm Performance: An Analysis of Non-Executive Stock Options,” with Yael Hochberg. 2010. Review of Financial Studies, 23(11), 4148-4186.
"Getting Out Early: An Analysis of Market Making Activity at the Recommending Analyst's Firm," with Jennifer Juergens. 2009. Journal of Finance, 64(5), 2327-2359.
"Blurring Firm Boundaries: The Role of Venture Capital in Strategic Alliances," 2008. Journal of Finance, 63(3), 1137-1168.
"Building Relationships Early: Banks in Venture Capital," with Thomas Hellmann and Manju Puri, 2008. Review of Financial Studies, 21(2), 513-541.
ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.
FIN 303 - Honors Finance
Covers basic principles of finance, practical tools for financial decision making, and evaluation methods employed by the firm.
FIN 494 - Special Topics
Covers topics of immediate or special interest to a faculty member and students.
FIN 555 - Entrepreneurial Finance
Provides an overview of the economics and institutions involved in entrepreneurial finance. Focuses on the financing of new ventures. Consists primarily of case analysis, supplemented with in-class exercises and lecture material.