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Jeffrey Coles

Jeffrey Coles

Francis J. and Mary B. Labriola Endowed Chair in Competitive Business
Finance

Professor
Finance

Department
Contact
Office:BAC 593
Mailing Address:
Main Campus
PO BOX 873906
Tempe, AZ 85287-3906

Phone: 480-965-4475
Fax: 480-965-8539
Email: JEFFREY.COLES@asu.edu

View Vita

Biography 

Education
Ph.D., Stanford University, 1984; B.A., Pomona College, 1979

Research Areas:
Corporate Governance and Control; Executive Compensation; and Board Structure and Director Duties

Recent Consulting
Institute for Mathematical Studies in the Social Sciences, Stanford University. National Bureau of Economic Research. Utah Power and Light Co. Arizona Public Service. Pinnacle West Capital Corp. Western Area Power Administration (US Department of Energy). PricewaterhouseCoopers. Honeywell. Allied Signal. Motorola. Phoenix Newspapers, Inc. Stinson Morrison Hecker, LLP. Werner & Ayers, LLP. Gibbs & Bruns, LLP. The Directors’ Council. E&I Cooperative. Incentive Lab. Verus Research. Gradient Analytics

 

Current Projects:
“The Factual Basis for Executive Compensation” with Carr Bettis, John Bizjak, and Swaminathan Kalpathy.

 

“The Structure and Implications of Hedge Fund Manager Compensation,” with George Aragon and Zhen Shi.

“Stock Option Expense Reporting and the Impact on Earnings,” with Carr Bettis, John Bizjak, and Brian Young.

“The Value of Sell-side Analysts' Innate Ability,” with Zhichuan Li and Simona Mola.

 

Academic Positions
Arizona State University: 1994-present. Previous Appointments: University of Utah, University of Rochester

Career and Professional Awards; Teaching Awards
Best Paper Award, Corporate Governance and Fraud Prevention, George Mason University, 2008; BSI Gamma Foundation Research Award, 2004

Professional Leadership and Service
Supervising Editor, Financial Management, 2005-present; Associate Editor, Journal of Financial and Quantitative Analysis, 2001-present; Co-Editor, Journal of Economics and Management Strategy, 2004-present; Referee: Academy of Management Review, Accounting Review, American Economic Review; The Henry J. Newell Honors Fellowship, Stanford University, 1979-1983.

Corporate and Public Sector Leadership
Board of Directors of Western Finance Association, 2007-current; Board of Directors of Financial Management Association, 2006-2008; Steering Committee, National Association of Corporate Directors (Arizona), 2005-current; Financial Executives Institute, CFO of the Year Award Committee.

 

Representative Publications
“Co-opted Boards: Costs, Benefits, Causes and Consequences,” with Naveen Daniel and Lalitha Naveen, Review of Financial Studies, forthcoming

“Structural Models and Endogeneity in Corporate Finance,” with Mike Lemmon and Felix Meschke, Journal of Financial Economics 103 (2012), 149-168.

“Stock and Option Grants with Performance-Based Vesting Provisions,” with Carr Bettis, John Bizjak, and Swaminathan Kalpathy, Review of Financial Studies 23 (2010), 3849-3888.

“Boards: Does One Size Fit All?” with Naveen Daniel and Lalitha Naveen, Journal of Financial Economics 87 (2008), 329-356.

 

 


ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.

FIN 494 - Special Topics
Covers topics of immediate or special interest to a faculty member and students.

FIN 590 - Reading and Conference
Independent study in which a student meets regularly with a faculty member to discuss assignments. Course may include such assignments as intensive reading in a specialized area, writing a synthesis of literature on a specified topic, or writing a literature review of a topic.

FIN 786 - Corporate Finance
Issues in corporate finance covering topics that impinge on corporate finance, financial contracting, intermediation; empirical corporate finance; microstructure.