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University of Delaware - Alfred Lerner College of Business & Economics

Hamed Mahmudi

Photograph Image of Hamed Mahmudi
Title Assistant Professor of Finance
Office 313 Purnell Hall


  • PhD in Finance, University of Toronto
  • MS in Finance, University of British Columbia
  • MS in Mechanical Engineering, University of Alberta
  • BS in Mechanical Engineering, Sharif University of Technology

Select Publications

  • Does Independent Advice to the Board Affect CEO Compensation?, (with Tor-Erik Bakke), Journal of Financial and Quantitative Analysis, forthcoming.
  • Performance Peer Groups in CEO Compensation Contracts, (with Tor-Erik Bakke and Ashley Newton), Financial Management, forthcoming.
  • Collective Action and Governance Activism, (with Craig Doidge, Alexander Dyck and Aazam Virani), Review of Finance, forthcoming.
  • The Causal Effect of Option Pay on Corporate Risk Management (with Tor-Erik Bakke, Chitru Fernando and Jesus Salas), Journal of Financial Economics, 2016, 120, 623-643.
  • Corporate Payout Policy, Cash Savings, and The Cost of Consistency: Evidence from a Structural Estimation (with Michael Pavlin), Financial Management, 2013, 42(4) 843-874.


Visit Hamed Mahmudi’s Personal Webpage