Photo of Todd A. Gormley

Todd A. Gormley

Assistant Professor of Finance

Research Interests: applied econometrics, corporate finance, risk and insurance, financial intermediation, emerging markets

Links: CV, Personal Website, Lecture slides for "Common Errors" paper, Guidance on implementing fixed effects estimation


  • Todd A. Gormley, Nandini Gupta, Anand Jha (Under Review), Quiet Life No More? Corporate Bankruptcy and Bank Competition.  Abstract
  • Todd A. Gormley, Simon Johnson, Changyong Rhee (2014), Ending "Too Big to Fail": Government Promises vs. Investor Perceptions, Review of Finance, forthcoming  Abstract
  • Todd A. Gormley, David A. Matsa (Draft), Playing it Safe? Managerial Preferences, Risk, and Agency Conflicts.
  • Todd A. Gormley, David A. Matsa (2014), Common Errors: How to (and Not to) Control for Unobserved Heterogeneity, Review of Financial Studies, 27 (2).  Abstract  Related Materials
  • Todd A. Gormley (Under Review), Costly Information, Foreign Entry, and Credit Access.  Abstract
  • Todd A. Gormley, David A. Matsa, Todd Milbourn (2013), CEO Compensation and Corporate Risk-Taking: Evidence from a Natural Experiment, Journal of Accounting and Economics, 56 (2-3), 79 - 101.  Abstract  Related Materials
  • Radha Gopalan, Todd A. Gormley (2013), Do Public Equity Markets Matter in Emerging Economies? Evidence from India, Review of Finance, 17, 1571 - 1615.  Abstract  Related Materials
  • Todd A. Gormley, Bong Hwan Kim, Xiumin Martin (2011), Do Firms Adjust Their Timely Loss Recognition in Response to Changes in the Banking Industry?, Journal of Accounting Research  Abstract
  • Todd A. Gormley, David A. Matsa (2011), Growing Out of Trouble? Corporate Responses to Liability Risk, Review of Financial Studies, 24 (8), 2781 - 2821.  Abstract
  • Todd A. Gormley, Hong Liu, Guofu Zhou (2010), Limited Participation and Consumption-Saving Puzzles: A Simple Explanation and the Role of Insurance, Journal of Financial Economics, 96 (2), 331 - 344.  Abstract
  • Todd A. Gormley (2010), The Impact of Foreign Bank Entry in Emerging Markets: Evidence from India, Journal of Financial Intermediation, 19 (1), 26 - 51.  Abstract