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Faculty and Staff

Faculty and Staff 2018-01-23T16:36:39+00:00

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jrbrown

James R. Brown

Title: Kingland MBA Professor and Chair, Department of Finance / Associate Professor of Finance
Department: Finance

Office: 2333 Gerdin Business Building
Phone number: (515) 294-4668




Academic History

  • PhD, Washington University in St. Louis
  • M.S., University of Kentucky
  • B.A., Transylvania University

Expertise

  • Financing R&D and Innovation; Law and Finance; Financial Markets and Economic Performance; Corporate Liquidity Management and Investment Volatility; Private Equity and Entrepreneurial Finance

Awards

Dean's Advisory Council Mid-career Achievement in Research Award, 2018
MBA Executive Advisory Council Teaching Excellence Award, 2016
Best Paper in Financial Markets, Financial Management Association Annual Meeting, 2015
Dean's Advisory Council Faculty Research Award, 2017
Dean's Advisory Council Faculty Research Award, 2013
Dean's Advisory Council Faculty Research Award, 2010

Selected Publications

  • James R. Brown, J. Anthony Cookson, and Rawley Heimer "Growing Up Without Finance", Journal of Financial Economics, accepted, Link to Paper
  • James R. Brown and Gustav Martinsson "Does Transparency Stifle or Facilitate Innovation?", Management Science, forthcoming, Link to Paper
  • James R. Brown, Gustav Martinsson, and Bruce C. Petersen (2017) "Stock Markets, Credit Markets, and Technology-Led Growth", Journal of Financial Intermediation, 32:45-59. Link to Paper
  • James R. Brown, J. Anthony Cookson, and Rawley Heimer (2017) "Law and Finance Matter: Lessons from Externally Imposed Courts", Review of Financial Studies, 30 (3):1019-1051. Link to Paper
  • James R. Brown, Gustav Martinsson, and Bruce C. Petersen (2017) "What Promotes R&D? Comparative Evidence from Around the World", Research Policy, 46 (2):447-462. Link to Paper
  • James R. Brown, J. Anthony Cookson, and Rawley Heimer (2017) "Courting Economic Development", The World Bank Economic Review, 30:S176-S187. Link to Paper
  • James R. Brown and Bruce Petersen (2015) "Which Investments Do Firms Protect? Liquidity Management and Real Adjustments When Access to Finance Declines Sharply", Journal of Financial Intermediation, 24 (4):441-465. Link to Paper
  • James R. Brown, Gustav Martinsson, and Bruce Petersen (2013) "Law, Stock Markets, and Innovation", Journal of Finance, 68 (4):1517-1549. Link to Paper
  • Ginka Borisova and James R. Brown (2013) "R&D Sensitivity to Asset Sale Proceeds: New Evidence on Financing Constraints and Intangible Investment", Journal of Banking and Finance, 37 (1):159-173. Link to Paper
  • James R. Brown, Gustav Martinsson, and Bruce Petersen (2012) "Do Financing Constraints Matter for R&D?", European Economic Review, 56:1512-1529. Link to Paper
  • James R. Brown and Ioannis V. Floros (2012) "Access to Private Equity and Real Firm Activity: Evidence from PIPEs", Journal of Corporate Finance, 18 (1):151-165. Link to Paper
  • James R. Brown and Bruce Petersen (2011) "Cash Holdings and R&D Smoothing", Journal of Corporate Finance, 17 (3)Link to Paper
  • James R. Brown, Dino Falaschetti and Michael Orlando (2010) "Auditor Independence and the Quality of Information in Financial Disclosures: Evidence for Market Discipline vs. Sarbanes-Oxley Proscriptions", American Law and Economics Review, 12 (1):39-68. Link to Paper
  • James R. Brown, Lauren Lax and Bruce Petersen (2010) "Financial Market Crises and Natural Resource Production", International Review of Finance, 10 (1):93-124. Link to Paper
  • James R. Brown and Bruce Petersen (2010) "Public Entrants, Public Equity Finance and Creative Destruction", Journal of Banking and Finance, 34 (5):1077-1088. Link to Paper
  • James R. Brown, Steven Fazzari and Bruce Petersen (2009) "Financing Innovation and Growth: Cash Flow, External Equity and the 1990s R&D Boom", Journal of Finance, 64 (1):151-185. Link to Paper
  • James R. Brown and Bruce Petersen (2009) "Why Has the Investment-Cash Flow Sensitivity Declined so Sharply? Rising R&D and Equity Market Developments", Journal of Banking and Finance, 33 (5):971-984. Link to Paper
  • James R. Brown (2005) "Venture Capital and Firm Performance over the Long-Run: Evidence from High-Tech IPOs in the United States", Journal of Entrepreneurial Finance, 10 (3):1-33. Link to Paper

Work in process

  • James R. Brown, Gustav Martinsson, and Christian Thomann "Environmental Policy and Technical Change: Pollution Taxes, Access to Finance, and Firm Absorptive Capacity -- revise and resubmit at the Review of Financial Studies",
  • James R. Brown, Matthew T. Gustafson, and Ivan T. Ivanov "Weathering Cash Flow Shocks -- revise and resubmit at the Journal of Finance", Link to Paper
  • James R. Brown, Gustav Martinsson, and Christian Thomann "Do Firms Need Liquidity? Can Policy Help? Evidence from a Temporary Lending Program", Link to Paper
  • James R. Brown and Gustav Martinsson "Taxing Capital, Stunting Growth? Payout Taxes, Costly Equity Finance, and Investment in R&D", Link to Paper
  • James R. Brown, Gustav Martinsson, and Christian Thomann "Credit Lines and Capital Misallocation: Evidence from the Financial Crisis",