Peter G. Iliev
Professor of Finance
Peter Iliev is the David B. and Shirley L. Sykes Professor in Finance at the Smeal College of Business, Pennsylvania State University, where he teaches financial management. He received his Ph.D. from Brown University and held an appointment as Financial Economist with the U.S. Securities and Exchange Commission in Washington, DC. His research interests include corporate governance, financial regulation, local debt, and corporate finance. His research has appeared in the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, the Journal of Accounting Research, Management Science, the Review of Finance, and the Journal of Financial and Quantitative Analysis. It has also been featured in The Wall Street Journal, The Washington Post, The Dallas Morning News, Bloomberg, Barron's, the Columbia Law School Blue Sky Blog, and the Harvard Law School Forum on Corporate Governance and Financial Regulation. Peter has served as Associate Editor for the Review of Corporate Finance Studies, the Journal of Corporate Finance, and the Journal of Financial Research. Besides research and teaching, Peter enjoys playing tennis and spending time with his family.
Expertise
Corporate Finance, Corporate Governance, Financial Regulation and Disclosure
Education
Ph D in Economics, Brown University, Providence, RI, 2008-05-01 MA in Economics, Ohio State University, Columbus, OH, 2003-07-15 MA in Economics, Central European University, Budapest, Hungary, 2001-05-01 BA in Business, Sofia University, Sofia, Bulgaria, 1999-06-01
Courses Taught
FIN 305W – Financial Management of the Business Enterprise (W)
Development of advanced practices of financial management and their application to decision making in a business firm.
FIN 305W – Financial Mgmt Bus (W)
Development of advanced practices of financial management and their application to decision making in a business firm.
FIN 597 – Special Topics
Formal courses given on a topical or special interest subject which may be offered infrequently; several different topics may be taught in one year or term.
FIN 601 – Ph D Dis Full-Time
NO DESCRIPTION.
Selected Publications
Cornaggia J., Iliev P. G., Liang J., Wang Q. "Biodiversity and Local Asset Values" Review of Finance, vol. 30, 2026-01-01
Haushalter D., Henry J., Iliev P. G. "Can Banks Save Mountains?" The Review of Corporate Finance Studies, vol. 12, 2023-11-30
Iliev P. G., Roth L. "Director Expertise and Corporate Sustainability" Review of Finance, vol. 27, 2023-11-30
Iliev P. G., Kalodimos J., Lowry M. "Investors’ Attention to Corporate Governance" Review of Financial Studies, vol. 34, 2021-12-31
Iliev P. G., Gibbons B., Kalodimos J. "Analyst Information Acquisition via EDGAR" Management Science, vol. 67, 2021-12-01
Iliev P. G., Bhandari T., Kalodimos J. "Governance Changes Through Shareholder Initiatives: The Case of Proxy Access" Journal of Financial and Quantitative Analysis, vol. 56, 2021-08-31
Iliev P. G., Lowry M. "Venturing Beyond the IPO: Financing of Newly Public Firms by Venture Capitalists" Journal of Finance, vol. 75, 2020-06-30
Iliev P. G., Vitanova S. "The Effect of Say-on-Pay in the U.S." Management Science, vol. 65, 2019-10-01
Iliev P. G., Roth L. "Learning from Directors’ Foreign Board Experiences" Journal of Corporate Finance, vol. 51, 2018-08-01
Iliev P. G., Gustafson M. "The Effects of Removing Barriers to Equity Issuance" Journal of Financial Economics, vol. 124, 2017-06-01
Iliev P. G., Cao Q., Velthuis R. "Style Drift: Evidence from Small-Cap Mutual Funds." Journal of Banking and Finance, vol. 78, 2017-05-01
Iliev P. G., Luns K., Miller D., Roth L. "Shareholder Voting and Corporate Governance Around the World" Review of Financial Studies, vol. 28, 2015-08-01
Iliev P. G., Lowry M. B. "Are Mutual Funds Active Voters?" Review of Financial Studies, vol. 28, 2015-02-01
Iliev P. G., Miller D., Lukas R. "Uninvited U.S. Investors? Economic Consequences of Involuntary Cross-listings." Journal of Accounting Research, vol. 52, 2014-05-01
Iliev P. G., Welch I. "A Model of Operational Slack: The Short-Run, Medium-Run, and Long-Run Consequences of Limited Attention." Journal of Law, Economics and Organization, vol. 29, 2013-02-01
Iliev P. G. "The Effect of SOX Section 404 Compliance on Audit Fees, Earnings Quality and Stock Prices." Journal of Finance, vol. LXV, 2010-06-01