My primary research interest is how firms communicate with capital market participants. Within this area, my work investigates the following three topics: 1. Strategic communication by firms/managers 2. Capital market responses to firm communications 3. Regulation of communication. Well-functioning capital markets require the exchange of information between two groups: providers and users of capital. In order to engage in value enhancing transactions, both parties must overcome (or at least mitigate) their conflicting incentives. Market mechanisms can emerge to align incentives. The extent to which market mechanisms are slow to evolve or costly to implement creates an opportunity for regulation. The overarching objective of my research is to understand how managers, investors and regulators can most efficiently resolve these inherent conflicts.
