September 6, 2016

Dirk Jenter
London School of Economics
Department of Finance • Houghton Street • London WC2A 2AE
Phone: +44 (0)20 7955 6948 • E-mail: [email protected]

Academic Experience
London School of Economics, London
Associate Professor of Finance, 2015-today

Stanford Graduate School of Business, Stanford

Associate Professor of Finance, 2011-2015
Assistant Professor of Finance, 2007-2011
Coulter Family Faculty Scholar, 2012-2013
Fletcher Jones Faculty Scholar, 2010-2011
Spence Faculty Scholar, 2009-2010

MIT Sloan School of Management, Cambridge

Visiting Associate Professor of Finance, 2013-2014
Assistant Professor of Finance, 2002-2007
Ford International Career Development Professor, 2006-2007
Robert C. Merton Career Development Professor, 2005-2006

National Bureau of Economic Research, Cambridge

Faculty Research Fellow, 2005-today

Education
Harvard University
Ph.D. in Business Economics, 1997-2002
Thesis: Essays on the Interaction of Firms and Equity Markets

University of Cambridge, Trinity College (UK)

M.Phil. in Economics, 1996-1997
Visiting Student Part II Economics, 1995-1996

University of Frankfurt (Germany)

Pre-Diploma (Vordiplom) in Economics, 1993-1995

Research Fields
Corporate Finance, Organizational Economics, Capital Markets

Publications
“CEO Preferences and Acquisitions”
with Katharina Lewellen
Journal of Finance, Vol. 70 No. 6, 2813-2851, December 2015
An earlier version of this paper was distributed as NBER Working Paper No. 17663
 “CEO Turnover and Relative Performance Evaluation”
with Fadi Kanaan
Journal of Finance, Vol. 70 No. 5, 2155-2183, October 2015
Award for the Best Corporate Finance Paper at the 2006 Western Finance Association Meeting
An earlier version of this paper was distributed as NBER Working Paper No. 12068

“Security Issue Timing: What Do Managers Know, and When Do They Know It?”
with Katharina Lewellen and Jerold B. Warner
Journal of Finance, Vol. 66 No. 2, 413-443, April 2011
An earlier version of this paper was distributed as NBER Working Paper No. 12724

“Institutional Cross-holdings and Their Effect on Acquisition Decisions”

with Jarrad Harford and Kai Li
Journal of Financial Economics, Vol. 99 No. 1, 27-39, January 2011
An earlier version of this paper was distributed as NBER Working Paper No. 13274

“CEO Compensation”
with Carola Frydman
Annual Review of Financial Economics, Vol. 2, 75-102, December 2010

“Employee Sentiment and Stock Option Compensation”

with Nittai Bergman
Journal of Financial Economics, Vol. 84 No. 3, 667-712, June 2007
An earlier version of this paper was distributed as NBER Working Paper No. 11409

“Market Timing and Managerial Portfolio Decisions”

Journal of Finance, Vol. 60 No. 4, 1903-1949, August 2005
Nominated for the Brattle Prize for the Best Corporate Finance Paper in the Journal of Finance

“Selling Company Shares to Reluctant Employees: France Télécom’s Experience”

with Francois Degeorge, Alberto Moel and Peter Tufano
Journal of Financial Economics, Vol. 71 No. 1, 169-202, January 2004
An earlier version of this paper was distributed as NBER Working Paper No. 7683

Completed Working Papers

“Good and Bad CEOs” (2016), with Egor Matveyev and Lukas Roth

“Performance-induced CEO Turnover” (2016), with Katharina Lewellen

“Executive Compensation, Incentives, and Risk” (2002)

Work in Progress
“Executive Compensation: Theory and Evidence”, with Alex Edmans and Xavier Gabaix

“Tax Distortions in Corporate Ownership”, with Rüdiger Fahlenbrach and Eric Nowak

“CEO Immobility”, with Peter Cziraki

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 “The Effects of Labor Co-determination: Evidence from a Natural Experiment”, with Jens
Martin and Eric Nowak

“Double Liability”, with Felipe Aldunate, Arthur Korteweg, and Peter Koudijs

“Long-term CEO Incentives”, with Katharina Lewellen

Teaching Experience
Corporate Finance, MSc Finance Course, LSE, 2015-2016
Managerial Finance - Base, MBA Course, Stanford GSB, 2014-2015
Finance and Accounting for the Nonfinancial Executive, Executive Education, Stanford GSB,
2014-2015
Financial Management, Sloan Fellows Course, MIT Sloan, 2013-2014
Managerial Finance - Advanced, MBA Course, Stanford GSB, 2009-2013
Managerial Finance - Accelerated, MBA Course, Stanford GSB, 2009-2011
Managerial Finance, MBA Course, Stanford GSB, 2007-2009
Finance for the Technical Executive, Executive Education, MIT Sloan, 2004-2011
Finance Theory II (Corporate Finance), MBA Course, MIT Sloan, 2002-2007
Corporate Finance, TA for Prof. Jeremy C. Stein, Ph.D. Course, Harvard, 2000-2001
Capital Markets, TA for Prof. John Y. Campbell, Undergraduate Course, Harvard, 2000-2001
Asset Pricing, TA for Prof. John Y. Campbell, Ph.D. Course, Harvard, 1999-2000

Awards and Scholarships

Excellence in Teaching Award, MIT Sloan School of Management, 2014
Best Discussant Award, 10th Annual Meeting of the Financial Research Association, 2013
Stanford GSB Distinguished Teaching Award, 2012
Best Discussant Award, Rothschild Caesarea Center Annual Academic Conference, 2010
Excellence in Teaching Award, MIT Sloan School of Management, 2007
Best Corporate Finance Paper Award, Western Finance Association Meeting, 2006
Nomination for the Brattle Prize for the Best Corporate Finance Paper in the Journal of Finance
in 2005
Teacher of the Year, MIT Sloan School of Management, 2005
Outstanding Doctoral Student Paper Award, Southern Finance Association Meeting, 2001
Harvard Business School Fellowship, 1997-2001
Senior Scholar and Research Scholar of Trinity College, Cambridge (UK), 1996-1997
Scholar of the European Trust, Cambridge (UK), 1996-1997
Scholarship from the British Council (UK), 1995-1996
Scholarship from the German Academic Exchange Service (Germany), 1995-1996
Member of the German National Scholarship Association (Germany), 1994-1997

Professional Service
Associate Editor, Journal of Finance, 2016-today
Associate Editor, Review of Financial Studies, 2015-17
Member of the Executive Committee, European Finance Association, 2016-2018
Program Committee, Society for Financial Studies Finance Cavalcade 2011, 2016
Program Committee, Western Finance Association Meetings 2006-2016
Program Committee, European Finance Association Meetings 2011-2016
Program Committee, Financial Management Association Meetings 2006, 2010-13, 2016
Program Committee, Napa Conference on Financial Market Research 2012-2016

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 Program Committee, Financial Intermediation Research Society Conference 2014-2016
Program Committee, Cass Mergers and Acquisitions Research Centre Conference 2016
Program Committee, Midwest Finance Association Meeting 2016
Award Committee, Financial Management Association Annual Meeting Competitive Paper
Award in Corporate Finance 2016
Program Committee, American Finance Association Meetings 2008, 2010, 2013
Program Committee, 4th Paris Spring Corporate Finance Conference 2012
Associate Program Chair, Western Finance Association Meeting 2010
Award Committee, Financial Management Association Annual Meeting Competitive Paper
Award in Corporate Governance 2010
Program Committee, Cardiff Business School Conference on Managerial Compensation 2010
Co-organizer, NBER Corporate Finance Summer Institute 2006
Referee, American Economic Review, Quarterly Journal of Economics, Econometrica, Journal of
Political Economy, American Economic Journal: Applied Economics, Journal of the European
Economic Association, Journal of Labor Economics, Journal of Economic Theory, Economic
Journal, Journal of Law, Economics, and Organization, Journal of Finance, Journal of Financial
Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Review
of Finance, Review of Asset Pricing Studies, Journal of Corporate Finance, International Review
of Finance, Management Science

Invited Discussions
American Economic Association Annual Meeting, 2017
American Finance Association Annual Meeting, 2017
European Finance Association Annual Meeting, 2016
Western Finance Association Annual Meeting, 2016
City University of Hong Kong International Finance Conference, 2016
Oxford Law and Finance Conference, 2016
American Finance Association Annual Meeting, 2016 (x2)
American Finance Association Annual Meeting, 2015
Red Rock Finance Conference, 2014
Western Finance Association Annual Meeting, 2014
Financial Research Association Annual Meeting, 2013 (Best Discussant Award)
Western Finance Association Annual Meeting, 2013
Annual Conference on Empirical Legal Studies, 2012
Western Finance Association Annual Meeting, 2012
Minnesota Corporate Finance Conference, 2012
NBER Corporate Finance Program Spring Meeting, 2012
American Finance Association Annual Meeting, 2012 (x2)
NBER Corporate Finance Program Spring Meeting, 2011
Financial Intermediation Research Society Annual Conference, 2010
Rothschild Caesarea Centre Annual Academic Conference, 2010 (Best Discussant Award)
UBC Winter Finance Conference, 2010
American Finance Association Annual Meeting, 2010 (x3)
NBER Corporate Finance Summer Institute, 2009
Western Finance Association Annual Meeting, 2009
NBER Behavioral Finance Working Group Spring Meeting, 2009
American Finance Association Annual Meeting, 2009
Western Finance Association Annual Meeting, 2008
American Finance Association Annual Meeting, 2008
American Finance Association Annual Meeting, 2007

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 American Finance Association Annual Meeting, 2006
NBER Corporate Finance Program Spring Meeting, 2005
NBER Entrepreneurship Group Spring Meeting, 2005
American Finance Association Annual Meeting, 2005 (x2)
Western Finance Association Annual Meeting, 2004
German Finance Association Annual Meeting, 2003
NBER Corporate Finance Program Spring Meeting, 2003
NBER Corporate Finance Summer Institute, 2002

Invited Seminar and Conference Presentations

“Good and Bad CEOs”:
American Finance Association Annual Meeting, January 2017
INSEAD (France), September 2016
European Summer Symposium in Financial Markets, July 2016
University of Warwick (UK), June 2016
London Business School Summer Finance Symposium, June 2016
City University of Hong Kong International Finance Conference, June 2016
Financial Intermediation Research Society Annual Conference, June 2016
HEC Paris (France), May 2016
University of Frankfurt (Germany), May 2016
University of Mannheim (Germany), May 2016
École Polytechnique Fédérale de Lausanne (Switzerland), February 2016
Maastricht University (Netherlands), October 2015
Tilburg University (Netherlands), October 2015

“Performance-induced CEO Turnover”:

BI Conference on Corporate Governance, Oslo (Norway), May 2015
Dartmouth College, Tuck School of Business, November 2014
London Business School (UK), October 2014
UCSD, Rady School of Management, November 2011
Jackson Hole Finance Conference, January 2011
American Finance Association Annual Meeting, January 2011
University of Zurich (Switzerland), December 2010
University of Amsterdam (Netherlands), December 2010
NBER Personnel Economics Summer Institute, July 2010
University of Munich (Germany), July 2010
Financial Intermediation Research Society Annual Conference, June 2010
University of Rotterdam (Netherlands), May 2010
University of Pennsylvania, Wharton School, April 2010
Yale University, School of Management, March 2010

“CEO Preferences and Acquisitions”:

University of Amsterdam (Netherlands), December 2014
Columbia University, Columbia Business School, December 2014
University of Texas at Austin, McCombs School of Business, November 2014
University of Pennsylvania, Wharton School, November 2014
University of Wisconsin, Wisconsin School of Business, October 2014
Oxford University, Saïd Business School, October 2014
Boston College, Carroll School of Management, October 2014
University of Oklahoma, Price College of Business, April 2014

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Rice University, Jones Graduate School of Business, April 2014
Brandeis University, Brandeis International Business School, March 2014
University of Illinois at Urbana-Champaign, College of Business, November 2013
Duke University, Fuqua School of Business, April 2013
Arizona State University, W. P. Carey School of Business, November 2012
University of Alberta, School of Business, October 2012
Stockholm School of Economics (Sweden), August 2012
University of Washington Summer Finance Conference, August 2012
University of Chicago, Booth School of Business, May 2012
Michigan State University, Eli Broad College of Business, April 2012
Indiana University, Kelley School of Business, March 2012
London School of Economics (UK), March 2012
Hong Kong University of Science and Technology (Hong Kong), September 2011
Singapore Management University (Singapore), September 2011
National University of Singapore (Singapore), September 2011
Nanyang Technological University (Singapore), September 2011
Society for Financial Studies Finance Cavalcade, May 2011
University of Michigan, Ross School of Business, April 2011
Duke-UNC Corporate Finance Conference, March 2011
Econometric Society North American Winter Meeting, January 2011

“Security Issue Timing: What Do Managers Know, and When Do They Know It?”:
University of Georgia, Terry College of Business, April 2009
Brigham Young University, Marriott School of Management, May 2008
University of Southern California, Marshall School of Business, May 2008
American Finance Association Annual Meeting, January 2008
Boston University, School of Management, May 2007
Stanford University, Graduate School of Business, February 2007
London Business School (UK), January 2007
UCLA, Anderson School of Management, December 2006
New York University, Stern School of Business, November 2006
Columbia University, Columbia Business School, November 2006
University of Chicago, Graduate School of Business, November 2006

“Conflicts of Interests Among Shareholders: The Case of Corporate Acquisitions”:

University of Warwick (UK), March 2008
University of Rotterdam (Netherlands), March 2008
Tilburg University (Netherlands), March 2008
Rutgers University, Rutgers Business School, December 2006
Boston College, Carroll School of Management, October 2006
University of Texas at Austin, McCombs School of Business, October 2006
Bentley College, McCallum Graduate School of Business, September 2006

“CEO Turnover and Relative Performance Evaluation”:

University of British Columbia, Sauder School of Business, October 2006
NBER Corporate Governance Summer Institute, July 2006
Western Finance Association Meeting, Keystone, June 2006
Caesarea Center 3rd Annual Conference, Herzliya (Israel), May 2006
University of Washington Corporate Finance Conference, May 2006
UC Berkeley, Haas School of Business, March 2006
Stanford University, Graduate School of Business, March 2006

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 University of Illinois at Urbana-Champaign, College of Business, November 2005
Dartmouth College, Tuck School of Business, November 2005

“Employee Sentiment and Stock Option Compensation”:

Northwestern University, Kellogg Graduate School of Management, May 2005
University of North Carolina at Chapel Hill, Kenan-Flagler Business School, May 2005
Cornell University, Johnson School, April 2005
Sixth Maryland Finance Symposium, University of Maryland, April 2005
Harvard University, Harvard Business School, March 2005
INSEAD (France), November 2004
HEC Paris (France), November 2004
NBER Behavioral Finance Program Meeting, October 2004
Financial Management Association Meeting, October 2004
University of Minnesota, Carlson School of Management, September 2004
Harvard University, Law, Economics, and Organizations Workshop, February 2004
American Finance Association Annual Meeting, January 2004
German Finance Association Meeting, October 2003
Frank Batten Conference, William & Mary Mason School of Business, June 2003

“Market Timing and Managerial Portfolio Decisions”:

University of Chicago, Graduate School of Business, May 2003
American Finance Association Annual Meeting, January 2003
London Business School (UK), October 2002
Humboldt University, Berlin (Germany), October 2002
European Finance Association Meeting, August 2002
Fondazione Eni Enrico Mattei, Milan (Italy), July 2002
Western Finance Association Meeting, June 2002
Stanford University, Graduate School of Business, February 2002
New York University, Stern School of Business, February 2002
Emory University, Goizueta Business School, February 2002
Duke University, Fuqua School of Business, February 2002
Harvard University, Harvard Business School, January 2002
Indiana University, Kelley School of Business, January 2002
MIT, Sloan School of Management, January 2002
University of Michigan, School of Business, January 2002

“Executive Compensation, Incentives, and Risk”:

Southern Finance Association Meeting, 2001
Financial Management Association Meeting, 2001
German Finance Association Meeting, 2001
European Meeting of the Econometric Society, 2001
European Financial Management Association Meeting, 2001

Personal Information
German citizen, born in Frankfurt, Germany, January 1973