Peter G. Iliev

Color portrait of Peter Iliev

Associate Professor of Finance

Office Address 348 Business Building
Phone Number 814-863-5456
Email Address pgi1@psu.edu

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Peter Iliev is an Associate Professor of Finance at the Smeal College of Business, Pennsylvania State University, where he teaches financial management. He received his Ph.D. from Brown University and held an appointment as Financial Economist with the U.S. Securities and Exchange Commission in Washington, DC. His research interests include financial regulation, corporate governance, and corporate finance. His research has appeared in the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, the Journal of Accounting Research, and Management Science. It has also been covered in the Wall Street Journal, the Washington Post, the Dallas Morning News, Bloomberg, Barron's, the Columbia Law School Blue Sky Blog, and the Harvard Law School Forum on Corporate Governance and Financial Regulation. Besides research and teaching, Peter enjoys playing tennis, and spending time with his family.

Expertise

Corporate Finance, Corporate Governance, Financial Regulation and Disclosure

Education

Ph D, Economics, Brown University, 2008

MA, Economics, Ohio State University, 2003

MA, Economics, Central European University, 2001

BA, Business, Sofia University, 1999

Courses Taught

FIN 305W – Financial Management of the Business Enterprise (3)
Development of advanced practices of financial management and their application to decision making in a business firm.

Selected Publications

Iliev P. G., Roth L., "Learning from Directors’ Foreign Board Experiences." Journal of Corporate Finance, vol. 51, 2018, pp. 1-19
Lead Article.
Iliev P. G., Vitanova S., "The Effect of Say-on-Pay in the U.S." Management Science, 2018, pp. 43.
Iliev P. G., Gustafson M., "The Effects of Removing Barriers to Equity Issuance." Journal of Financial Economics, vol. 124, no. 3, 2017, pp. 580-598.
Iliev P. G., Cao Q., Velthuis R., "Style Drift: Evidence from Small-Cap Mutual Funds." Journal of Banking and Finance, vol. 78, 2017, pp. 42-57.
Iliev P. G., Luns K., Miller D., Roth L., "Shareholder Voting and Corporate Governance Around the World." Review of Financial Studies, vol. 28, no. 8, 2015, pp. 2167-2202
─ Editor’s Choice (Lead) Article.
Iliev P. G., Lowry M. B., "Are Mutual Funds Active Voters?." Review of Financial Studies, vol. 28, no. 2, 2015, pp. 446-485.
Iliev P. G., Miller D., Lukas R., "Uninvited U.S. Investors? Economic Consequences of Involuntary Cross-listings." Journal of Accounting Research, vol. 52, no. 2, 2014, pp. 473-519
─ Re-published in the Journal of Accounting Research Virtual Issue on International Accounting Research; IIROC-DeGroote Annual Conference Best Paper Award 2010..
Iliev P. G., Welch I., "A Model of Operational Slack: The Short-Run, Medium-Run, and Long-Run Consequences of Limited Attention." Journal of Law, Economics and Organization, vol. 29, no. 1, 2013, pp. 2-34
─ Lead article; Runner-up for the 2012 Oliver E. Williamson Prize for Best Article in Law,Economics and Organization.
Iliev P. G., "The Effect of SOX Section 404 Compliance on Audit Fees, Earnings Quality and Stock Prices." Journal of Finance, vol. LXV, no. 3, 2010, pp. 1163-1196.

Research Impact and Media Mentions

"Why companies differ over `proxy access’", NPR Marketplace, Radio
"Progress in Understanding Proxy Access and the Shareholder Proposal Process", The Harvard Law School Forum on Corporate Governance and Financial Regulation, Web
"enturing Beyond the IPO: Venture Capitalists’ Investments in Newly Public Firms", The Columbia Law School’s Blue Sky Blog on Corporate Governance and Capital Markets, Web
"Public versus Private Provision of Governance: The Case of Proxy Access", The Columbia Law School’s Blue Sky Blog on Corporate Governance and Capital Markets, Web
"Proxy Access Splits Institutions, Retail Investors", Bloomberg Legal, Web
"Ammunition for Shaking Up a Board", The Wall Street Journal, Newspaper
"Are Mutual Funds Active Voters?", The Harvard Law School Forum on Corporate Governance and Financial Regulation, Web
"A time for risk-taking", The Washington Post, Web
"Shareholder Voting and Corporate Governance Around the World", The Harvard Law School Forum on Corporate Governance and Financial Regulation, Web
"SEC's Expansion of Sarbanes-Oxley Act Could Mean Big Costs for Smaller Companies", The Dallas Morning News, Newspaper
"The Effect of SOX Section 404", The Harvard Law School Forum on Corporate Governance and Financial Regulation, Web

Editorship

Journal of Financial Research, Associate Editor, (https://onlinelibrary.wiley.com/page/journal/14756803/homepage/editorialboard.html), December 2017 - Present