Adair Morse

Adair Morse
Assistant Professor of Finance
401 Harper Center
Tel: 773.834.1615
Fax: 773.753.0060
adair.morse@ChicagoBooth.edu

Teaching

2008-2011: Entrepreneurial Finance and Private Equity (Bus 34101)
2012: Global Entrepreneurial Finance

Working Papers

1.Tax Evasion across Industries: Evidence from Greece [new draft coming soon]
with Nikolaos Artavanis and Margarita Tsoutsoura

2. Activist Investors and Private Equity Performance

3. Trickle-Down Consumption (Executive Summary)
with Marianne Bertrand

4. Sovereign Wealth Fund Portfolios
with Alexander Dyck
Under Submission.

5. How Pervasive is Corporate Fraud?
with Alexander Dyck and Luigi Zingales

Publications & Forthcomings

Information Disclosure, Cognitive Biases and Payday Borrowing
with Marianne Bertrand
Journal of Finance, December 2011
Lead Article

State of Texas implementation of disclosure rules with our design

Payday Lenders: Heroes or Villains?
Journal of Financial Economics, October 2011

Who Blows the Whistle on Corporate Fraud?
with Alexander Dyck and Luigi Zingales
Journal of Finance, December 2010

Data: Summaries of [Alleged] Corporate Fraud Cases
Data: Cases & Dates

See Section 922 of the Dodd-Frank Act for implementation of our main finding
concerning whistleblowing and money incentives.
http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h4173enr.txt.pdf

Are Incentive Contracts Rigged by Powerful CEOs?
with Vikram Nanda and Amit Seru
Journal of Finance, October 2011

Data: Power Measures for Companies

Are Elite Universities Losing Their Competitive Edge?
with E. Han Kim and Luigi Zingales
Journal of Financial Economics, September 2009, Volume 93 (3), pg 353-381
Lead Article
Winner of 2nd Prize, 2009 Journal of Financial Economics:
Jensen Prize for Corporate Finance and Organizations

What do High-Interest Borrowers do with their Tax Rebates?
with Marianne Bertrand
American Economic Review, May 2009

Discussion of `Financially Fragile Households’ by A. Lusardi & P. Tufano
Brookings Papers on Economic Activity, Spring 2011

Patriotism in Your Portfolio?
with Sophie Shive
Journal of Financial Markets, 2010. Volume 14 (2), pg 411-440.

What Has Mattered To Economics Since 1970?
with E. Han Kim and Luigi Zingales
Journal of Economic Perspectives,
Fall 2006

Work in Progress

Asset Managers, Portfolio Performance, and Allocative Implications
with Joseph Gerakos

Governance in State Asset Management: Pensions and Sovereign Funds
with Alexander Dyck and Lukasz Pomorski

Sustainabile Sovereign Investment
with Patrick Bolton and Alexander Dyck


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