Stuart L. Gillan Department of Finance Terry College of Business University of Georgia Athens, GA (706)

Transcription

1 Stuart L. Gillan Department of Finance Terry College of Business University of Georgia Athens, GA (706) PROFESSIONAL EXPERIENCE Associate Professor of Finance, University of Georgia, 2011-present Associate and Jerry S. Rawls Professor of Finance, Texas Tech University, Visiting Assistant Professor of Finance, Arizona State University, Assistant Professor of Finance and Director of Research in the Weinberg Center for Corporate Governance, University of Delaware, Senior Research Fellow, Corporate Governance, TIAA-CREF Institute, Associate Chief Economist / Financial Economist, The United States Securities and Exchange Commission, Office of Economic Analysis, Assistant Professor of Finance, The University of Hong Kong, School of Economics and Finance, EDUCATION Assistant Instructor, Finance, The University of Texas at Austin, Assistant Lecturer, Accounting and Finance, The University of Otago, The University of Texas at Austin (Ph.D. Finance), 1995 The University of Otago (Master of Commerce with Distinction in Accounting), 1992 The University of Otago (Bachelor of Commerce (Honors)), 1988 EDITORIAL POSITIONS Co-Editor, Journal of Corporate Finance, 2011-present Associate Editor, Review of Financial Studies, 2013-present Associate Editor, Accounting and Finance, 2011-Present Advisory Editorial Board Member, Journal of Applied Corporate Finance Guest Editor, Corporate Governance Special Issue, Journal of Corporate Finance, REFEREED PUBLICATIONS Jonathan B. Cohn, Stuart L. Gillan, and Jay C. Hartzell, On Enhancing Shareholder Control: A (Dodd-) Frank Assessment of Proxy Access, forthcoming, Journal of Finance. Stuart L. Gillan and Christine Panasian, On Lawsuits, Corporate Governance, and Directors and Officers Liability Insurance, forthcoming, Journal of Risk and Insurance. Gillan 1

2 Stuart L. Gillan and Christine Panasian, On Litigation Risk and Disclosure Complexity: Evidence from Canadian Firms Cross-listed in the United States, forthcoming, The International Journal of Accounting. Joseph P. Fan, Stuart L. Gillan, and Yu Xu, 2013, Innovation or Imitation? The Role of Intellectual Property Rights Protections, Journal of Multinational Financial Management, 23, 3, Joseph P. Fan, Stuart L. Gillan, and Yu Xu, 2013, Property rights, R&D spillovers and Corporate Accounting Transparency in Emerging markets: Evidence from China, Emerging Markets Review, 15, George D. Cashman, Stuart L. Gillan, and Chulhee Jun, 2012, Going Overboard? On Busy Directors and Firm Value, Journal of Banking and Finance 36, 12, Stuart L. Gillan, Jay C. Hartzell, and Laura T. Starks, 2011, Tradeoffs in Corporate Governance: Evidence from Board Structures and Charter Provisions, Quarterly Journal of Finance, 1, 4, Stuart L. Gillan, Jay C. Hartzell, and Robert Parrino, 2009, Explicit vs. Implicit Contracts: Evidence from CEO Employment Agreements, Journal of Finance, LXIV, 4, Stuart L. Gillan and John D. Martin, 2007, Corporate Governance Post-Enron: Effective Reforms or Closing the Stable Door? Journal of Corporate Finance, 13, 5, Stuart L. Gillan, 2006, Recent Developments in Corporate Governance: An Overview, Journal of Corporate Finance, 12, 3, Stuart L. Gillan and Laura T. Starks, 2003, Institutional Investors, Corporate Ownership, and Corporate Governance: Global Perspectives, chapter in Ownership and Governance of Enterprises: Recent Innovative Developments, Laixiang Sun (Editor), Palgrave/MacMillan. Stuart L. Gillan and Laura T. Starks, 2003, Corporate Governance, Corporate Ownership, and the Role of Institutional Investors: A Global Perspective, Journal of Applied Finance, 13, 2, Jennifer E. Bethel and Stuart L. Gillan, 2002, The Impact of the Institutional and Regulatory Environment on Shareholder Voting, Financial Management, 31, 4, (An earlier version was awarded Best Corporate Finance Paper, FMA Annual Meeting, 2000). Daniel N. Deli and Stuart L. Gillan, 2000, On the Demand for Independent and Active Audit Committees, Journal of Corporate Finance, 6, 2, Stuart L. Gillan and Laura T. Starks, 2000, Corporate Governance Proposals and Shareholder Activism: The Role of Institutional Investors, Journal of Financial Economics, 57, 2, (An earlier version was awarded the Inaugural Best Paper in Corporate Finance at the Western Finance Association Annual Meeting, 1997). Stuart L. Gillan, John W. Kensinger, and John D. Martin, 2000, Value Creation and Corporate Diversification: The Case of Sears, Roebuck & Co., Journal of Financial Economics, 55, 1, Cynthia J. Campbell, Stuart L. Gillan and Cathy M. Niden, 1999, Current Perspectives on Shareholder Proposals: Lessons from the 1997 Proxy Season, Financial Management, 28, Gillan 2

3 Stuart L. Gillan, 1990, An investigation into CAPM anomalies in New Zealand: The small-firm and price-earnings ratio effects, Asia Pacific Journal of Management, 7, 2, WORKING PAPERS Stuart L. Gillan and Nga Q. Nguyen, On Ex-ante Contractual Penalties for CEOs. Stuart L. Gillan, Jay C. Hartzell, Andrew Koch, and Laura T. Starks, Getting the incentives right: An empirical examination of CEO pay, revising for resubmission. George D. Cashman, Stuart L. Gillan, David M. Harrison, and Ryan Whitby, The Role of Network Connections in REIT Markets, revising for resubmission. George D. Cashman, Stuart L. Gillan, and Chulhee Jun, Model Specification and Board Characteristics: Caveat Emptor. Stuart L. Gillan, Jay C. Hartzell, Andrew Koch, and Laura T. Starks, Firm s environmental, social, and governance (ESG) choices, performance and managerial motivation. OTHER PAPERS (NON-REFEREED) George D. Cashman, Stuart L. Gillan and Ryan J. Whitby, 2013, Human and Social Capital in the labor market for directors, forthcoming, Advances in Financial Economics, Vol. 16. Stuart L. Gillan and Laura T. Starks, 2007, The Evolution of Shareholder Activism in the United States, Journal of Applied Corporate Finance, 19, 1, Stuart L. Gillan, 2005, Fitting Governance, Competition and Regulation Times, 16, 6-7. Stuart L. Gillan, 2004, Corporate Governance and Executive Pay: Problems and Solutions, Weinberg Center Roundtable, Journal of Applied Corporate Finance, 16, 1, (Edited transcript). Jennifer E. Bethel and Stuart L. Gillan, 2004, Corporate Voting s Dimpled Chad? The Broker Vote and Beyond, Corporate Governance Bulletin, Volume XXII, 1, Stuart L. Gillan, 2001, Has Pay for Performance Gone Awry? Views from a Corporate Governance Forum, Research Dialogue, 68, Stuart L. Gillan, 2001, Option-based Compensation: Panacea or Pandora s Box? Journal of Applied Corporate Finance, 14, 2, Stuart L. Gillan and Laura T. Starks, 1998, A Survey of Shareholder Activism: Motivation and Empirical Evidence, Contemporary Finance Digest 2, 3, BOOKS Donald H. Chew Jr., and Stuart L. Gillan (Editors), Global Corporate Governance, Columbia Business School Press, Donald H. Chew Jr., and Stuart L. Gillan (Editors), U.S. Corporate Governance, Columbia Business School Press, Donald H. Chew Jr., and Stuart L. Gillan (Editors), Corporate Governance at the Crossroads, with Donald H. Chew Jr., Gillan 3

4 RESEARCH AWARDS Emerald Lerterati Network 2014 Outstanding Author Contribution Award for Human and Social Capital in the Labor market for Directors in Advances in Financial Economics. Citi Best Paper Award, Indian Award at the Indian School of Business Summer Research Conference, 2011 for Jonathan B. Cohn, Stuart L. Gillan, and Jay C. Hartzell, On Enhancing Shareholder Control: A (Dodd-) Frank Assessment of Proxy Access. Texas Tech University, Institute for Banking and Financial Studies, Research Award, Best Corporate Finance Paper, FMA Annual Meeting, 2000 (paper published as: Jennifer E. Bethel and Stuart L. Gillan, The Impact of the Institutional and Regulatory Environment on Shareholder Voting, Financial Management 31, 4 (2002) 29-54). Inaugural Award for the Best Paper in Corporate Finance, WFA Annual Meeting, 1997 (paper published as: Stuart L. Gillan and Laura T. Starks, Corporate Governance Proposals and Shareholder Activism: The Role of Institutional Investors, Journal of Financial Economics 57, 2 (2000) ) TEACHING RECOGNITION University of Georgia Hugh O. Nourse Outstanding MBA Teacher Award, Voted as one of two favorite professors in Fall 2006 by the Texas Tech Rawls Graduate Student Association. INVITED RESEARCH SEMINAR PRESENTATIONS ( ) Babson College, Baylor University, California State University Fullerton, Canterbury University, Chinese University of Hong Kong, DePaul University, Georgia State University, Louisiana State University, Oklahoma State University, Renmin University, Southern Methodist University, Temple University, Texas Christian University, Texas Tech University, United States Securities and Exchange Commission, University of Alberta, University of Auckland, University of Cincinnati, University of Georgia, University of Oklahoma, University of Otago, University of South Carolina, University of South Florida, University of Tennessee, University of Texas-Austin, University of Texas-San Antonio, University of Pennsylvania, College of William and Mary, Vanderbilt University, Villanova University HONORS Advisory Board Member Private Enterprise Governance and Development Research Center (PEGDC), Business School, Renmin University,China Advisory Board Members List Visiting Professor, Renmin University, China, June 2013 Visiting Professor, University of Canterbury, July 2009 William Evans Visiting Fellowship, University of Otago, July 2008 Visiting Professor, Chinese University of Hong Kong, June 2008 TEACHING ACTIVITIES Gillan 4

5 Managerial Finance (Executive MBA) Mergers and Acquisitions (Executive MBA) Introduction to Finance (Undergraduate Honors) Corporation Finance 1 (Undergraduate) Corporation Finance II (Undergraduate advanced class) Senior Seminar in Finance (Undergraduate Capstone) Financial Management (MBA Introduction) Financial Management II (MBA case course) Corporate Governance (MBA elective) SERVICE ACTIVITIES ASSOCIATION BOARDS/COMMITTEES Financial Management Association International, Board of Directors, Committee member for Vice President-Practitioner Services Search, 2008 REFEREEING ACTIVITIES American Economic Review, Financial Management, Financial Review, Journal of Accounting and Economics, Journal of Applied Finance, Journal of Banking and Finance, Journal of Business, Journal of Corporate Finance, Journal of Economics and Management Strategy, Journal of Finance, Journal of Financial Economics, Journal of Financial Intermediation, Journal of Financial Research, Journal of Financial and Quantitative Analysis, Management Science, Quarterly Review of Economics and Finance, Review of Financial Studies, Strategic Management Journal, The Accounting Review CONFERENCE PARTICIPATION Conference Acceptances American Finance Association Annual Meeting, 2006 The Association of Financial Economists, 2004 Financial Management Association International Annual Meeting, National Bureau of Economic Research, Summer Governance Conference, 2004 Tuck School Conference on Corporate Governance at Dartmouth University, 2000 University of Kansas Conference on Corporate Control, Corporate Disclosure, 2002 Western Finance Association Annual Meeting, 1997, 2002, 2003 Conference Panels Organized/Moderated Financial Management Association, Current issues in Corporate Governance, 2003, 2004 Conference Program Committees Financial Management Association, 2000, Gillan 5

6 Eastern Finance Association, 2002 Conference Session Chair/Discussant Western Finance Association, 2006, 2009 American Finance Association, 2003, 2004, 2007 Financial Management Association, 1998, th Annual NYU/ University of Pennsylvania Conference on Law and Finance, 2009 Chinese University of Hong Kong Accounting and Finance Research Workshop, th Annual Conference on Financial Economics and Accounting, 2006 Eastern Finance Association, 2003 National Bureau of Economic Research, Governance Conference Conference Session Panelist American Accounting Association, Financial Accounting and Reporting Section, Corporate Governance Roundtable, Mid-year conference, 2005 Financial Management Association International Annual Conference, The Impact of New Accounting Regulations on Executive and Employee Compensation, 2004 Georgetown Law Center Sloan Foundation Conference, Institutional Investors and the Restoration of Trust in Financial Markets, 2003 Mercatus Center Symposium on Shareholder Access to the Proxy, 2003 CONFERENCE ORGANIZATION Corporate Governance Symposium, Corporate Governance and Executive Compensation: Problems and Solutions, Weinberg Center for Corporate Governance, Lerner College of Business and Economics, University of Delaware, 2003 (Combined academic/practitioner event) Corporate Governance Forum, Executive Compensation and Corporate Boards, TIAA- CREF, 2001, (Co-organizer) (Combined academic/practitioner event) EXTERNAL EXAMINER: MASTERS/DOCTORAL DISSERTATIONS University of Copenhagen, Chinese University of Hong Kong, University of Melbourne, University of Otago, National University of Singapore EXTERNAL GRANT REVIEWER The Danish Council for Independent Research The Israel Science Foundation, Research Grants Council of the Hong Kong SAR Marsden Proposal administered by the Royal Society of New Zealand Social Sciences and Humanities Research Council of Canada (SSHRC) DOCTORAL STUDENT SUPERVISION Nga Nguyen (Co-Chair), Texas Tech University Chulhee Jun (Chair), Texas Tech University Gillan 6

7 Thomas Williams (Chair), Texas Tech University Maggie Foley (Chair), Texas Tech University Christine Panasian (Chair), Texas Tech University Felix Meschke (Committee member), Arizona State University MASTERS STUDENT SUPERVISION Patrick Velay, University of Delaware, 2003 Anna Woo Bo Loy, University of Hong Kong, 1997 Barry Man Kai Sze, University of Hong Kong, 1996 COMMITTEES (TEXAS TECH) Area of Finance Doctoral Program Committee, Area of Finance Doctoral Curriculum Committee, Area of Finance MBA Curriculum Committee, Area of Finance Recruiting Committee, College Textbook Committee, 2008 College Research Advisory Committee, COMMITTEES (UNIVERSITY OF GEORGIA) Finance Department Recruiting Committee, Finance Department PhD Committee, College MBA Committee, Various Ad-hoc Committees, EXECUTIVE EDUCATION Executive MBA University of Georgia, Managerial Finance University of Georgia, Mergers and Acquisitions Conference Organization PricewaterhouseCoopers/ University of Delaware Directors College, 2002, 2003 Co-designer, co-organizer, panelist Conference Presentations/Panel Participation University of South Florida, Corporate Governance Series, 2008 Baylor University, Integrity in Financial Reporting Conference, Panelist, 2007 National Association of Corporate Directors, Arizona Chapter, Hedge Fund Conference Panel on Shareholder Activism, 2004 Association of Bioscience Financial Officers International, 2004 Wilmington Trust Corporation, Guest Speaker on Corporate Governance, 2002 Gillan 7

8 Stern Stewart & Co., Guest Speaker, 2003 Delaware Small Business Development Center Annual Conference, 2002 Baylor University, Integrity in Financial Reporting Conference, Panelist, 2002 OTHER Input requested by practitioner/professional/regulatory organizations Institutional Investors Shareholder Services advisory panel: accounting and fraud issues General Accountability Office investigation into proxy voting services Council of Institutional Investors: broker voting issues Center Development Finance Department/ Weinberg Center for Corporate Governance seminar series Weinberg Center for Corporate Governance Working Paper Series Weinberg Center for Corporate Governance Newsletter Coordinated Academic Speakers on Weinberg Center for Corporate Governance Panels Fundraising University of Delaware Weinberg Center for Corporate Governance MEMBERSHIPS American Finance Association Financial Management Association Financial Research Association Society for Financial Studies Gillan 8