Richmond D. Mathews Directory Page

Richmond D. Mathews

Richmond D. Mathews

Associate Professor

Ph.D., University of Rochester

Contact

4411 Van Munching Hall

Rich Mathews conducts theoretical research in the areas of corporate finance, industrial organization, and corporate governance. In one line of research, he studies the strategic implications of inter-firm relationships such as mergers, alliances, and private trades of minority equity stakes. In another, he studies the corporate governance implications of anonymous trading by hedge funds, large shareholders, and corporate managers.

He has published articles in all three major academic finance journals: the Journal of Finance, theJournal of Financial Economics, and the Review of Financial Studies. He has also published in the RAND Journal of Economics, a leading economics journal in industrial organization. Before joining the Smith School he was on the faculty at Duke University's Fuqua School of Business. He completed his Ph.D. at the University of Rochester, and prior to that he worked as an investment banker at Alex. Brown & Sons in Baltimore, Maryland, and also as a financial analyst at ABS Capital Partners, a Baltimore-based private equity fund.

Research

Working Papers

“Battling to Create Unicorns: Reputation and Predation in Venture Capital,” (with Naveen Khanna).

Publications

“Strategic Alliances, Equity Stakes, and Entry Deterrence,” 2006, Journal of Financial Economics 80, 35-79.

“Optimal Equity Stakes and Corporate Control,” 2007, Review of Financial Studies 20, 1059-1086. Awarded best paper in Corporate Finance at the 2004 Southern Finance Association meetings

“Market Structure, Internal Capital Markets, and the Boundaries of the Firm” (with David Robinson), 2008, Journal of Finance 63, 2703-2736.

“Empty Voting and the Efficiency of Corporate Governance” (with Alon Brav), 2011, Journal of Financial Economics 99: 289-307.

“Can Herding Improve Investment Decisions?” (with Naveen Khanna), 2011, RAND Journal of Economics 42: 150-174.

“Doing Battle with Short Sellers: The Conflicted Role of Blockholders in Bear Raids” (with Naveen Khanna), 2012, Journal of Financial Economics 106: 229-246. Lead article.

“Capital Structure, Product Market Dynamics, and the Boundaries of the Firm” (with Dirk Hackbarth and David Robinson), 2014, Management Science 60: 2971-2993.

"Posturing and Hold Up in Innovation" (with Naveen Khanna), 2016, Review of Financial Studies 29: 2419-2454.

"Wolf Pack Activism," (with Alon Brav and Amil Dasgupta), forthcoming at Management Science.

"Skill versus Reliability in Venture Capital," (with Naveen Khanna), forthcoming at Journal of Financial Economics.

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