Societal Equality Sentiment and Executive Compensation (2022)
Journal Article
Onal, B., Petmezas, D., & Xiong, N. (2022). Societal Equality Sentiment and Executive Compensation. Journal of Corporate Finance, 77, Article 102314. https://doi.org/10.1016/j.jcorpfin.2022.102314

Using elections that reveal changes in countries’ leniency on the left-right political spectrum, we examine whether societal sentiment regarding income inequality affects executive compensation. We find that elections that bring left-leaning (pro-equ... Read More about Societal Equality Sentiment and Executive Compensation.

The Effects of Terrorist Attacks on Inventor Productivity and Mobility (2022)
Journal Article
Fich, E. M., Nguyen, T., & Petmezas, D. (2023). The Effects of Terrorist Attacks on Inventor Productivity and Mobility. Research Policy, 52(1), Article 104655. https://doi.org/10.1016/j.respol.2022.104655

We investigate the impact of deadly terrorist attacks on inventor productivity and mobility in the U.S. During the five-year window after such events, nearby firms generate fewer and less impactful inventions. Moreover, their inventors typically exhi... Read More about The Effects of Terrorist Attacks on Inventor Productivity and Mobility.

Agency Costs of Debt and Inside Debt: The Role of CEO Overconfidence (2022)
Journal Article
Galariotis, E., Louca, C., Petmezas, D., & Wang, S. (2023). Agency Costs of Debt and Inside Debt: The Role of CEO Overconfidence. British Journal of Management, 34(3), 1606-1631. https://doi.org/10.1111/1467-8551.12661

This study extends our understanding of CEO inside debt compensation under an agency problem perspective by considering the impact of a behavioral trait, namely CEO overconfidence. Using a sample of US firms in Standard & Poor’s ExecuComp for the per... Read More about Agency Costs of Debt and Inside Debt: The Role of CEO Overconfidence.

Does Terrorism Affect Acquisitions? (2022)
Journal Article
Nguyen, T., Petmezas, D., & Karampatsas, N. (2023). Does Terrorism Affect Acquisitions?. Management Science, 69(7), 4134-4168. https://doi.org/10.1287/mnsc.2022.4506

Using terrorist attacks as an exogenous shock to uncertainty, we provide evidence that firms located near terrorism-stricken areas are less likely takeover targets for two years after the attack and receive lower acquisition premiums. The latter find... Read More about Does Terrorism Affect Acquisitions?.

Empirical M&A Research: A Review of Methods, Evidence and Managerial Implications (2013)
Book Chapter
Golubov, A., Petmezas, D., & Travlos, N. G. (in press). Empirical M&A Research: A Review of Methods, Evidence and Managerial Implications. In A. R. Bell, C. Brooks, & M. Prokopczuk (Eds.), Handbook of Research Methods and Applications in Empirical Finance. Edward Elgar, Cheltenham, UK. https://doi.org/10.4337/9780857936097