Brooke's Research

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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. 

Working Papers

[4] Waiting or Acting: The Effects of Environmental Regulatory Uncertainty  Sole-author

Revise and Resubmit 

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.

[5] Investment Function with Q in the Presence of Unobserved Shocks  with Kyoo il Kim and Suyong Song

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. 

[6] Asymmetric Information and Asset Sales versus Mergers and Acquisitions with Anand Vijh 

[7] 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. 

[8] 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. 

[9] Reliable Decision Support with LLMs: A Framework for Evaluating Consistency in Binary Text Classification Applications with Fadel Megahed, Tessa Chen, Allison Farmer, Gabe Lee, Inez M Zwetsloot 

Conference Presentations and Seminars

2025: 

University of Iowa*, MFA, Miami University, Nanjing University*, University of Toledo (scheduled)

2024:  

SUNY Buffalo, 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  2025 (x4), 2024 (x3), 2023 (x2)

Ad hoc referee:  

Journal of Banking and Finance (2025), Journal of Behavioral and Experimental Finance (2025), 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