Brooke's Research
Publications
[1] Boardroom Networks and Corporate Investment with Suyong Song [SSRN Working Paper Version]
Journal of Corporate Finance, 2024, 84, 102522.
[2] Natural Disasters and Firm Leasing: A Collateral Channel Sole-author [SSRN Working Paper Version]
Journal of Corporate Finance, 2023, 82, 102428.
[3] Negative Returns on Addition to S&P 500 Index and Positive Returns on Deletion? New Evidence on Attractiveness of S&P 500 vs. S&P 400 Indexes with Anand M. Vijh
Financial Management, 2022, 51, 1127-1164.
Featured by Institutional Money 2021
Working Papers
[1] Waiting or Acting: The Effects of Environmental Regulatory Uncertainty Sole-author
R&R
This paper explores how environmental regulatory uncertainty affects firms' environmental performance. It reveals that heightened uncertainty prompts firms to decrease pollutant emissions. Instead of adopting a "wait-and-see" approach, firms proactively engage in environmental innovation and adopt abatement technologies.
[2] Investment Function with Q in the Presence of Unobserved Shocks with Kyoo il Kim and Suyong Song
Under review
We study the classical relationship between a firm’s investment and Tobin’s q, for which unobserved persistent shocks such as productivity are other important factors of the firm’s investment decision.
[3] To Innovate or Not To Innovate When Times Are Bad with Petra Sinagl
How are managerial incentives to innovate affected by financial crises? We study the role of managerial long-term compensation in inducing innovative output. We document that awarding managers with options during crises substantially increases their incentives to invest in risky projects and produce innovation.
[4] Disaster Risk, Politicians, Firms, and Capital Exuding: A New Role of Stock Market Participation with Art Durnev
We propose a new function of stock market – to align voters’ preferences to politicians’ policies.
Work in Progress
[1] Asymmetric Information and Asset Sales versus Mergers and Acquisitions with Anand Vijh
Conference Presentations and Seminars
2024:
MFA", SEA, EasternFA (x2), FMA, SFA, California State University Fresno, FIU ASFAAG, SEA-Korean AEA conference*, FMA Asia-Pacific*
2023:
AEA Poster Session, MFA", SFA, FMA, UMASS-Boston CSR Conference, University of Texas at Rio Grande Valley, 6th Erasmus Corporate Governance Conference*, Silicone Prairie Conference*, Federal Reserve Bank of Richmond*
2022:
FIRS Ph.D. session (accepted), EFA (Eastern), FMA Doctoral Consortium, FMA, SFA, The Fifth Conference on CSR, the Economy, and Financial Markets DePaul University, Nova SBE Finance Ph.D. Countdown, FMCG, FMCG Ph.D. Symposium, Gupta Governance Institute 15th Corporate Governance Conference New Ideas Session*, Silicon Prairie Finance Conference, AsianFA (x2), JFA-PBFJ (Japan), FMA European Doctoral Consortium, Iowa State University, University of Iowa (x2), Florida State University*, Academy of Finance (x2)
2021:
FMA (x3), FMA New Ideas Session, The 28th Finance Forum, Boca Corporate Governance Conference*, University of Iowa*, KAEA*, KEA (Korea)*, International Association for Applied Econometrics (IAAE-ASSA)*, Network Science and Economics Conference by NSF*, CEA (Europe/UK) x2
2020:
University of Iowa (x2)
(*presented by coauthors, " discussion only)
Editorial and Scholarly Services
External Reviewer:
Hong Kong Research Grants Council 2024 (x3), 2023 (x2)
Ad hoc referee:
Journal of Empirical Finance (2024), Quarterly Journal of Finance (2024), Small Business Economics (2024, 2021), Review of Industrial Organization (2022), Review of International Business and Finance (2024, 2023), International Review of Finance (2022, 2021), Journal of Finance Issues (2023, 2022)
Program committee:
EFA (Eastern) 2024, 2023; FMA 2023, 2022; SFA 2023, 2022; FMA European 2022; FMA Middle East 2022; FMA Asia/Pacific 2022
Professional services:
Session Chair:
FMA 2023, EFA (Eastern) 2024, 2022, SFA 2022, FMA 2021
Discussant:
MFA 2024, 2023, EFA (Eastern) 2024, 2022, SFA 2024, 2023, 2022, FMA 2024, 2023, 2021 2020, UMass-Boston CSR conference 2023, FMCG 2022, AsianFA 2022, JFA-PBFJ (Japan) 2022, Academy of Finance 2022, CEA (Europe/UK) 2021