Peter Iliev
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Research
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"The Effect of SOX Section 404 Compliance on Audit Fees, Earnings Quality and Stock Prices."
Compares the outcomes of firms forced to comply with Section 404 of SOX and firms that just escaped Section 404 compliance in 2004. Uses regression discontinuity approach and instruments compliance. Compliance is costly, but reduces the reported accruals. -
"A Model of Operational Slack: The Short-Run, Medium-Run, and Long-Run Consequences of Limited Attention." (with Ivo Welch)
Studies institutions, such as firms, in which multiple projects can require attention at unpredictable times. It is optimal for the firm and its management to be idle at least some of the time. Managers who want to signal higher quality or who are overoptimistic would take on too many projects. "How Quickly Do Firms Readjust Capital Structure?" (with Ivo Welch)
Prominent estimators of the speed of adjustment (SOA) of firms’ leverage ratios differ significantly.This paper finds that the best reconciled estimate for the SOA is not positive. It also shows that SOA estimates can be extremely accurate even when the firm-specific target is not known.
| Contacts | | | CV | | | Research | | | Teaching | | | Miscellaneous |
Teaching
Teaching materials at ANGEL (password protected).
Instructor at Penn State (Smeal):
- Financial Management of the Business Enterprise (Corporate Finance), Fall 2009
- Financial Markets and Institutions, Fall 2008
Teaching Assistant at Brown:
- Corporate Finance (Ivo Welch), Fall 2006, Spring 2005, Fall 2005
- Financial Institutions (Ross Levine), Spring 2007, Spring 2006
- Investments (Allan Feldman), Fall 2004
| Contacts | | | CV | | | Research | | | Teaching | | | Miscellaneous |
Miscellaneous
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Free software that does the job (Windows):
Latex = ( MikTex + TeXnicCenter + GSview), Basic computing & graphs = R, Connecting to Unix = (WinSCP + Putty). -
Web of Science.
Great literature review tool -- Find the articles that cite a person's work, can start with the "founding" paper of a literature and get all published work that cites it. How: Library >> Web of Science >> Cited Reference Search. -
The note is based on my subjective job market experience (Year: 2008, Field: Corporate Finance, Male, East European, Married, Wife not on the market). This advice will change once I step on the other side of the equation. May overlap with advice in other documents. Use at your own risk. Feel free to distribute.
| Contacts | | | CV | | | Research | | | Teaching | | | Miscellaneous |