Jeffrey L. Coles

· Taylor R. Randall Presidential Endowed Chair, David Eccles Chair & Professor of Finance

University of Utah · Department of Finance

Active 1983–2025

h-index41

Citations18.1k

Papers14417 last 5y

Funding—

Academic metrics are sourced from OpenAlex and public funding records; values may differ from Google Scholar.

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About

Jeffrey L. Coles is a Professor of Finance and the Taylor R. Randall Presidential Endowed Chair at the David Eccles School of Business. He is a faculty member in the Department of Finance at the University of Utah. His role involves teaching and research within the field of finance, contributing to the academic community through his position as a distinguished professor and endowed chair.

Research topics

Economics
Business
Political Science
Financial economics
Computer Science
Microeconomics
Psychology
Finance
Management
Monetary economics

Selected publications

Industry Tournament Incentives
Review of Financial Studies · 2017-06-22 · 255 citations
articleOpen access1st authorCorresponding
We empirically assess industry tournament incentives for CEOs, as measured by the compensation gap between a CEO at one firm and the highest-paid CEO among similar (industry, size) firms. We find that firm performance, firm risk, and the riskiness of firm investment and financial policies are positively associated with the external industry pay gap. The industry tournament effects are stronger when industry, firm, and executive characteristics indicate high CEO mobility and a higher probability…
Publisher OA PDF DOI
Performance-vesting provisions in executive compensation
Journal of Accounting and Economics · 2018-05-17 · 224 citations
articleCorresponding
Publisher DOI
On index investing
Journal of Financial Economics · 2022 · 109 citations
1st authorCorresponding
Publisher DOI
Managerial Attributes, Incentives, and Performance
The Review of Corporate Finance Studies · 2020 · 68 citations
1st authorCorresponding
Abstract We examine the relative importance of observed and unobserved firm- and manager-specific heterogeneities in determining executive compensation incentives and firm policy, risk, and performance. First, we decompose executive incentives into time-variant and time-invariant firm and manager components. Manager fixed effects supply 73% (60%) of explained variation in delta (vega). Second, controlling for manager fixed effects alters parameter estimates and corresponding inference on observe…
Publisher DOI
An Empirical Assessment of Empirical Corporate Finance
Journal of Financial and Quantitative Analysis · 2022-06-10 · 35 citations
articleOpen access1st authorCorresponding
Abstract We empirically evaluate 20 prominent contributions across a broad range of areas in the empirical corporate finance literature. We assemble the necessary data and apply a single, simple econometric method, the connected-groups approach of Abowd et al. to appraise the extent to which prevailing empirical specifications explain variation of the dependent variable, differ in composition of fit arising from various classes of independent variables, and exhibit resistance to omitted variable…
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Frequent coauthors

Michael L. Lemmon
BlackRock (United States)
114 shared
Mark Grinblatt
Coventry University
112 shared
George Pennacchi
112 shared
Jeffrey Pontiff
112 shared
Sergei Sarkissian
McGill University
112 shared
Warren Bailey
Fudan University
112 shared
Jay R. Ritter
University of Florida
112 shared
Neil D. Pearson
South College
112 shared

Education

Ph.D., Finance
University of Utah
2000
M.S., Finance
University of Utah
1995
B.S., Finance
University of Utah
1993

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