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Alex Edmans
Assistant Professor of Finance,  Dorinda and Mark Winkelman Distinguished Scholar


For more information, go to My Personal Page

Education

PhD, Massachusetts Institute of Technology, 2007; BA, University of Oxford, 2001

Other Current Academic Positions

Faculty Research Fellow, NBER Corporate Finance, 2011-

Research Associate, European Corporate Governance Institute, 2011-

Visiting Scholar, Philadelphia Fed, 2010-

Associate Editor, Review of Financial Studies, 2011-

Associate Editor, Financial Management, 2011-

Associate Editor, Journal of Financial and Quantitative Analysis, 2012-

Career and Recent Professional Awards; Teaching Awards

FIR-PRI Prize for Finance and Sustainability, 2011

Rising Star in Corporate Governance, 2011

Distinguished Referee Award, Review of Financial Studies, 2009

Finalist, Smith-Breeden Prize for Best Paper in the Journal of Finance, 2007

Moskowitz Prize for Best Paper in Socially Responsible Investing, 2007

Wharton MBA Excellence in Teaching Award, 2011

Wharton MBA Core Teaching Award, 2008, 2009

Wharton MBA Core Curriculum Award (“Goes Above and Beyond the Call of Duty”), 2008, 2009, 2010, 2011

Wharton MBA Core Curriculum Award (“Tough, But We’ll Thank You In Five Years”), 2009

Keynote Speaker, Wharton Welcome Weekend 2009

MIT Graduate Teaching Award, 2007

MIT Sloan Outstanding Teaching Assistant of the Year, 2005

Industry Experience

Summer Associate, Morgan Stanley Fixed Income, 2004; Financial Analyst, Morgan Stanley Investment Banking, 2001-03

Publications
Alex Edmans, Xavier Gabaix (2011), Tractability in Incentive Contracting, Review of Financial Studies, 102(1), 81-101, October 2011
Alex Edmans, Xavier Gabaix, Tomasz Sadzik, Yuliy Sannikov (2011), Dynamic CEO Compensation, Journal of Finance
Alex Edmans (2011), Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices, Journal of Financial Economics, 101(3), 621-640, September 2011
Alex Edmans (2011), Short-Term Termination Without Deterring Long-Term Investment: A Theory of Debt and Buyouts, Journal of Financial Economics, 24(9), 2865-2894, September 2011
Alex Edmans, Gustavo Manso (2011), Governance Through Trading and Intervention: A Theory of Multiple Blockholders, Review of Financial Studies, 24(7), 2395-2428, July 2011

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Current Research
Alex Edmans 2010, The Responsible Homeowner Reward: An Incentive-Based Solution to Strategic Mortgage Default

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In The News
Something for the Weekend, Financial Times, 10/01/2010, Alex Edmans
Losing team’s national stock markets at risk, Reuters, 07/10/2010, Alex Edmans
Economists Suggest Fix to Bonus Problems, Wall Street Journal, 03/17/2009, Alex Edmans

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Knowledge@Wharton Subscribe
Home Is Where the Money Is: A New Incentive Program Aims to Slow Rising Mortgage Defaults, 09/29/2010, Alex Edmans
Why It Pays to Link Executive Compensation with Corporate Debt, Alex Edmans
Incentives for the Long Run: An Executive Compensation Plan That Looks Beyond the Next Quarter, Alex Edmans
How Investing in Intangibles - Like Employee Satisfaction - Translates into Financial Returns, Alex Edmans

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Honors And Awards
MBA Excellence in Teaching Award, 2011
Rising Star in Corporate Governance, 2011
Best Paper Award, Financial Research Association, 2009
Distinguished Referee Award, Review of Financial Studies, 2009
MBA Core Curriculum Award ("Goes Above and Beyond the Call of Duty"), 2008-2011

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Edmans Alex
Alex Edmans
2318 Steinberg-Dietrich Hall
Philadelphia, PA 19104
Phone: (215) 746-0498
aedmans@wharton.upenn.edu

Personal Website

Research Interests:
Corporate governance; executive compensation; mergers and acquisitions; behavioral finance