Peter Iliev

Assistant Professor of Finance
Smeal College of Business
The Pennsylvania State University

E-mail: pgi1@psu.edu
Office Phone: 814-863-5456
Mail: 348 Business Building, University Park, PA 16802

Peter Iliev


Vita     SSRN page     Teaching     Links     Pictures


Publications


Working Papers

  • Iliev, Peter, Karl Lins, Darius Miller and Lukas Roth, 2014, Shareholder Voting and Corporate Governance Around the World.

    Systematic study of shareholder voting across countries. Investors exercise greater corporate governance when they fear expropriation the most: in cases of poor country-level institutions and controlling shareholders. Voting against management is linked with a greater number of directors that exit the board and with a lower probability of completing mergers.
  • Iliev, Peter and Svetla Vitanova, 2014, The Effect of Say-on-Pay in the U.S.

    Uses that U.S. firms with a public float under $75 million did not have to hold a Say-on-Pay vote to quantify the effects of the new rule.  We find a positive market reaction to compliance with the Say-on-Pay rule. As implemented, the regulation did not decrease CEO pay,  but led to increase in the general support for directors.
  • Iliev, Peter and Ivo Welch, 2011, Reconciling Estimates of the Speed of Adjustment of Leverage Ratios.

    Proposes a non-parametric way to model leverage ratios under the null hypothesis of random corporate behavior - a placebo process - and embeds it with the common alternative of reverting to a target. The empirical estimates previously documented are consistent with very slow speed of readjustment.

Teaching

  • Instructor at Penn State (Smeal)

    –  Financial Management of the Business Enterprise: Fall 2013, Fall 2012, Fall 2011, Spring 2011,
    Fall 2009
    –  Financial Markets and Institutions: Fall 2008
  • Teaching Assistant at Brown

    –  Financial Institutions: Spring 2007, Spring 2006
    –  Corporate Finance: Fall 2006, Spring 2005, Fall 2005
    –  Investments: Fall 2004

Current class schedules: University Registrar webpage, teaching materials: ANGEL (password protected), and final grades: eLion.