Associate Professor of Finance
A former securities and corporate finance attorney who has worked with hospitals on financing choices, Tod Perry brings to the classroom a unique perspective that is based on his active research on corporate governance.
"There is a lot about finance that excites me, and part of it is human behavior," Perry explains. "I am interested in how incentives provided by legal and institutional mechanisms affect firm and managerial behavior. Beyond the theory of what the various participants should do, these topics are particularly important in practice to describe how markets, firms, and individuals respond to changes in their environment.
"For example, the structure of CEO or executive compensation can help provide appropriate incentives by aligning the interest of management with those of key stakeholders, including shareholders. On the other hand, poorly designed compensation plans, and even well-intentioned regulations, can distort incentives, resulting in unintended consequences."