Bio
Professor Kristina Minnick's research focuses on empirical corporate finance, particularly corporate governance, executive compensation, director compensation, and banking. She has also studied mergers and acquisitions and the relationship between cultural values and corporate finance. Her academic interests include corporate finance, mergers, and acquisitions, international finance, investments, and banking. In addition to teaching at John Hopkins University and the University of Maryland, she was a business analyst at Fidelity Investments and a visiting scholar at the Federal Deposit Insurance Corporation. She has presented at conferences in the U.S. and abroad, including in the Czech Republic, Spain, and the Netherlands, and has been published in the Journal of Financial and Quantitative Analysis, Review of Financial Studies, Journal of Business, as well as numerous other top journals.
Awards and Honors
Outstanding Scholarly Contribution Award, Bentley UniversityResearch Sabbatical, Bentley UniversityBentley Summer Research Grant, BentleyBentley Research Grant, BentleyBentley Summer Research Grant, BentleyBentley Research Grant, BentleyBentley Summer Research Grant, BentleyBentley Summer Research Grant, Bentley UniversityDean's Fund, BentleyBentley Summer Research Grant, Bentley UniversityDean's Fund, Bentley UniversityBentley Summer Research Grant, Bentley UniversityDean's Fund, BentleyBabson United Business Ethics AwardBentley Summer Research GrantDean's FundBentley Summer Research GrantDavis WorkshopBentley Summer Research GrantScholarly Contributions and Creative Productions
Journal Articles
Minnick, K. L., Burns, N., Stark, L. (2023). CEO Turnover: Cross-Country Effects. Corporate Governance: International Review Minnick, K. L., Bose, S., Shams, S., Lim, E., Schorno, P. (2023). Do Foreign Institutional Investors Influence Corporate Climate Change Disclosure Quality? International Evidence. (Link)Minnick, K. L., Khedmati, M., Gunaskerage,, A., Shams, S. (2023). Gender diversity and acquisitions: How female directors add value in acquisition decisions. (Link)Minnick, K. L., Gunaskerage, A., Khedmati, M., Shams, S. (2023). Board Gender Diversity and Acquisition Choices. Journal of Financial Research, (46) 4 949-991. (Link)Minnick, K. L., Burns, N., Bose, S., Shams, S. (2023). Climate-Linked Compensation, Societal Values, and Outcomes. Corporate Governance: International Review, (31) 5 759-785. (Link)Minnick, K. L., Rivolta, M., Hadley, B., Blank, B. (2022). A Game of Thrones – Dynamics of Internal CEO Succession and Outcome. European Financial Management Journal 1 280-324. Minnick, K. L., Gupta, A. (2022). Social capital and managerial opportunism: Evidence from option backdating. Journal of Financial Research Minnick, K. L., Bose, S., Shams, S. (2022). Does Carbon Risk Matter for Corporate Acquisition Decisions?. Journal of Corporate Finance, (70) 102058. (Link)Minnick, K. L., Smith, A., Burns, N. (2021). The Role of Directors with Related Supply Chain Industry Experience in Corporate Acquisition Decisions. Journal of Corporate Finance 67 (Link)Hasan, I., Minnick, K. L., Raman, K. (2020). Credit allocation when borrowers are economically linked: An empirical analysis of bank loans to corporate customers. Journal of Corporate Finance, (62) JuneMinnick, K. L., Raman, K. (2020). Director Industry Expertise and Voluntary Corporate Disclosure. Quarterly Journal of Finance, (10 (3)) Cornett, M., Minnick, K. L., Shorno, P. J., Tehranian, H. (2020). An Examination of Bank Behavior around Federal Reserve Stress Tests. Journal of Financial Intermediation Minnick, K. L., Schorno, P., Crutchley, C. (2018). Corporate Governance, Social Responsibility and Data Breaches. Financial Review Journal, (https://onlinelibrary.wiley.com/doi/full/10.1111/fire.12160) 2 413-455. Minnick, K. L., Raman, K. (2017). Board composition and relationship-specific investments by customers and suppliers. Financial Management, (46) 1 203-239. Minnick, K. L., Burns, N., Jindra, J. (2017). Sales of private firms and the role of CEO compensation. Journal of Corporate Finance, (43) 1 444-463. Minnick, K. L., Noga, T. J. (2017). The influence of firm and industry political spending on tax management among S&P 500 firms. Journal of Corporate Finance 44 233-254. Minnick, K. L., Schorno, P., Crutchley, C. (2015). When governance fails: Naming directors in class action lawsuits. Journal of Corporate Finance, (35) 81-96. Minnick, K. L., Burns, N., Starks, L. (2015). Equity-Incentive compensation and payout policy in Europe. Journal of Corporate Finance, (30) 85-97. (Link)Minnick, K. L., Raman, K. (2014). Why are stock splits declining?. Financial Management, (43) 1 29-60. Minnick, K. L., Rosenthal, L. (2014). Stealth compensation : do CEOs increase their pay by influencing dividend policy?. Journal of Corporate Finance, (25) 435-454. (Link)Minnick, K. L., Burns, N. (2013). Does Say-On-Pay Matter? Evidence from Say-On-Pay Proposals in the U.S. The Financial Review, (48) 2 233-58. Minnick, K. L., Raman, K. (2013). Why are Stock Splits Disappearing?. , CFA Digest, 43(4), (43) 4Minnick, K. L., Crutchley, C. (2012). Cash versus incentive compensation: Lawsuits and director pay. Journal of Business Research, (65) 7 907-14. (Link)Haushalter, D., Lowry, M., Cremers, K. M., Huang, R., Sautner, Z., Conyon, M. J., Core, J. E., Guay, W. R., Minnick, K. L., Unal, H., others, . (2011). The Review of Financial Studies. Studies, (24) 2Minnick, K. L. (2011). The Role of Corporate Governance in the Write-off Decision. Review of Financial Economics, (20) 4 130-145. (Link)Minnick, K. L., Knill, A., Nejadmalayeri , A. (2011). Experience, Information Asymmetry, and Rational Forecast Bias. Review of Quantitative Finance and Accounting Minnick, K. L., Noga, T. J. (2010). Do Corporate Governance Characteristics Influence Tax Management?. Journal of Corporate Finance, (16) 5 703-718. Minnick, K. L., Yang, L., Unal, H. (2010). Pay for Performance? CEO Compensation and Acquirer Returns in BHCs. Review of FInancial Studies, (Online) (Link)Minnick, K. L., Zhao, M. (2009). Backdating and Director Incentives: Money or Reputation. Journal of Financial Research, (XXXII) 4 449-477. (Link)Knill, A., Minnick, K. L., Nejadmalayeri, A. (2006). Selective Hedging, Information Asymmetry and Futures Prices. Journal of Business, (79) 3 1475-1502. (Link)Minnick, K. L., Burns, N., Rivolta, M. When in Rome: Local Social Norms and Tournament Incentives. (Link)Bose, S., Minnick, K. L., Noga, T. J., Shams, S. Tax management and investment efficiency. ForthcomingMinnick, K. L., Burns, N., Starks, L. CEO Tournaments: A Cross-Country Analysis of Causes, Cultural Influences and Consequences. Journal of Financial and Quantitative Analysis Minnick, K. L. CEO-Director Ties and Readability of Financial Reports. European Financial Management Minnick, K. L. Does Carbon Risk Influence Stock Price Crash Risk?. Journal of Business, Finance, and Accounting (Link)Book Chapters
Minnick, K. L., Knill, A., Nejadmalayeri , A. (2012). Experience, Information Asymmetry, and Rational Forecast Bias Handbook of Financial Econometrics and Statistics. Minnick, K. L., Knill, A., Nejadmalayeri , A. (2012). Experience, Information Asymmetry, and Rational Forecast Bias Handbook of Financial Econometrics and Statistics. Review of Quantitative Finance and AccountingDigital and Electronic Media, Social Media, Blogs, Podcasts
2020. "Patch" 2019. "Boston Post" 2018. "Boston Herald" 2018. "Boston Herald" 2018. "Boston Globe" 2018. "WBZ" 2018. "WBZ" 2017. "WBZ" 2017. "Forbes Magazine" 2017. "US News and World Report" 2017. "Boston Business Journal" 2016. "WBZ Radio" 2016. "Daily Deal" 2015. "Boston GLobe" 2015. "WBZ Radio" 2014. "Barrons" 2012. "Associated Press" Other Scholarly Work
Raman, K.Supply chain relationships and management's earnings forecasts. Forthcoming.Presentations
Minnick, K. L. (2023). “CEO-Director Ties and Readability of Financial Reports” Presented at the Southern Finance Association Puerto Rico Jang, I., Minnick, K. L., Nemani, A. K. (2023). “Safeguarding proprietary information in the supply chain and relationship specific investment” Presented at the Midwest Finance AssociationJang, I., Minnick, K. L., Nemani, A. K. (2022). “Does IDD adoption facilitate relationship-specific investments?” Presented at the Paris Financial Management ConferenceMinnick, K. L. (2022). “Cross Country Examination of the Gender Pay Gap” Presented at the American Finance Association Virtual Minnick, K. L. (2022). Presented at the Southern Finance AssociationMinnick, K. L. (2020). Presented at the Financial Management AssociationMinnick, K. L. (2020). Presented at the Southern Finance AssociationMinnick, K. L. (2019). “The Role of Corporate Sustainability and Carbon Emissions in Corporate Acquisition Decisions” Presented at the EDHEC Climate Change Finance conference Paris Minnick, K. L. (2019). “CEO Turnover: Cross-Country Effects” Presented at the European Financial Management Association Azores, Portugual Minnick, K. L. (2019). “Board Gender Diversity and Acquisition Performance” Presented at the Paris Finance Conference Paris Burns, N., Minnick, K. L., Smith, A. (2019). “The Role of Directors with Related Supply Chain Industry Experience in Corporate Acquisition Decisions” Presented at the Bentley University Research Seminar Waltham, MA Minnick, K. L. (2018). “Worth the Fight? The Role of Internal Competition on New CEOs‚Äô Compensation” Presented at the Southern Finance AssociationHasan, I., Minnick, K. L., Raman, K. (2017). “Supply Chain Characteristics and Bank Lending Decisions” Presented at the Southern Finance Association Southern Finance Association Conference Key West, FL Hasan, I., Minnick, K. L., Raman, K. (2017). “Supply Chain Characteristics and Bank Lending Decisions” Presented at the Financial Management Association Financial Management Association Conference Boston, MA Shang, C., Minnick, K. L., Raman, K. (2017). “External Monitoring and Board Structure: Why do Major Customers Matter?” Presented at the Financial Management Association Annual Meeting Boston, MA Burns, N., Raman, K., Minnick, K. L. (2016). “Supply chain relationships and management's earnings forecasts” Presented at the Southern Finance Asociation Conference Destin, FL Minnick, K. L. (2015). Presented at the Financial Management AssociationMinnick, K. L. (2015). Presented at the Southern Finance AssociationMinnick, K. L. (2014). Presented at the Big Data Bentley University Minnick, K. L., Raman, K. (2014). “Board composition and contracting frictions: Evidence on suppliers and customers” Presented at the Southern Finance Association ConferenceMinnick, K. L. (2014). Presented at the FMA Nashville. Tenn Minnick, K. L., Raman, K. (2014). “Board composition and contracting frictions: Evidence on suppliers and customers” Presented at the Indian Institute of Management at Bangalore Seminar SeriesMinnick, K. L. (2014). Presented at the EFMA Rome Minnick, K. L., Raman, K. (2014). “Board composition and contracting frictions: Evidence on suppliers and customers” Presented at the Bentley Seminar SeriesMinnick, K. L., Raman, K. (2012). “Why are stock splits disappearing?” Presented at the Financial Management Association Atlanta Minnick, K. L., Raman, K. (2011). “Why are stock splits disappearing?” Presented at the Indian Institute of Management, Bangalore India Finance Conference Bangalore, India Minnick, K. L., Raman, K. (2011). “Why are stock splits disappearing?” Presented at the Southern Finance Association Conference Key West, FL Minnick, K. L., Raman, K. (2011). “Why are stock splits disappearing?” Presented at the Bentley University Bentley Research Seminar Series Waltham, MA Rosenthal, L., Minnick, K. L. (2011). “Stealth Compensation: Do CEOs/Directors Increase Their Pay by Influencing Dividend Policy” Presented at the FMA Financial Management Association Denver Minnick, K. L., Raman, K. (2011). “Why are stock splits disappearing?” Presented at the Bentley University Boston Area Finance Conference Waltham, MA Minnick, K. L., Rosenthal, L. (2011). “Stealth Compensation: Do CEOs/Directors Increase Their Pay by Influencing Dividend Policy” Presented at the MFA Midwest Finance Association Chicago Wiggins, R. A., Erhemjamts, O., Minnick, K. L. (2010). “Bridging the Gender Gap: Explaining the Unexplainable” Presented at the Financial Management Association 2010 FMA Annual Conference New York, New York Wiggins, R. A., Erhemjamts, O., Minnick, K. L. (2010). “Bridging the Gender Gap: Explaining the Unexplainable” Presented at the Financial Management Association 2010 European FMA Annual Conference Hamburg, Germany Minnick, K. L. (2009). Presented at the FMA European Financial Management Association Turin, Italy Erhemjamts, O., Minnick, K. L. (2009). “What Does It Take to Close the Gender Gap in Executive Compensation?” Presented at the European Financial Management Association Milan, Italy Erhemjamts, O., Minnick, K. L. (2009). “What Does It Take to Close the Gender Gap in Executive Compensation?” Presented at the Bentley University Faculty Research Roundtable: Gender Issues Across Disciplines Waltham, MA Minnick, K. L. (2008). Presented at the European Financial Management Association Prague Minnick, K. L. (2008). Presented at the Financial Management Association Dallas Minnick, K. L. (2008). Presented at the Frontiers in Finance Conference Belize Erhemjamts, O., Minnick, K. L. (2008). “What Does It Take to Close the Gender Gap in Executive Compensation?” Presented at the Financial Management Association Grapevine, Dallas Minnick, K. L. (2007). Presented at the European Financial Management Association Barcelona Minnick, K. L. (2007). Presented at the FDIC Center for Financial Research Merger ConferenceMinnick, K. L. (2007). Presented at the Financial Management Association Orlando Minnick, K. L., Zhao, M. (2007). “Levered Repurchases: Who Benefits?” Presented at the FMA Annual Meeting Orlando, FL Minnick, K. L., Zhao, M. (2007). “Levered Repurchases: Who Benefits?” Presented at the FMA European Conference Barcelona, Spain Minnick, K. L. (2006). Presented at the Financial Management Association Salt Lake City Minnick, K. L. (2006). Presented at the Frontiers in Finance ConferenceMinnick, K. L. (2005). Presented at the Financial Management Association Chicago Minnick, K. L. (2005). Presented at the Frontiers in Finance ConferenceMinnick, K. L. (1964). “CEO Tournaments: A Cross-Country Analysis of Causes, Cultural Influences and Consequences” Presented at the Eastern Finance Association Boston Minnick, K. L. (1964). “Equity-Incentive Compensation and Payout Policy in Europe” Presented at the Financial Management Association Chicago Minnick, K. L. (1964). “When governance fails: Naming directors in class action lawsuits” Presented at the Financial Management Association Chicago Minnick, K. L., Rosenthal, L. (1964). “Stealth Compensation: Do CEOs/Directors Increase Their Pay by Influencing Dividend Policy” Presented at the Financial Management Association FMA Europe Conference Istanbul Turkey Service
Service: Department
Faculty Adisor for Beta Sigma Gamma Advisor 1/1/24 - PresentCommittee Member for Research Council 1/1/18 - 12/31/21Committee Member for Inauguration Planning Committee 1/1/18 - 12/31/18Committee Member for Finance PhD Committee 9/1/14 - 12/31/15Committee Chair for Finance Seminar Coordinator 4/1/14 - 12/31/19Committee Chair for Financial Literacy Coordinator 1/1/12 - 12/31/14Course Coordinator for FI380 Course Corrdinator 1/1/11 - 12/31/12Committee Member for Curriculum Committee 1/1/09 - 12/31/11Committee Member for Recruiting Committee 1/1/08 - PresentService: Public
for CRS Board of Trustees 1/1/20 - Present for Wellesley Country Club Finance Committee 1/1/19 - PresentCommittee Chair for WHWJC Marketplace Chair 1/1/12 - 12/31/15Board Member for The Junior League of Boston 1/1/08 - 12/31/11Service: Professional
Editor (Associate), Journal for Global Finance Journal 1/1/25 - PresentBoard of Directors for Eastern Finance Association 1/1/24 - PresentConference/Workshop Organizer for Contemporary Topics on Financial Markets 1/1/24 - Present for Financial Review Associate Editor 1/1/21 - Present for Southern Finance Association Executive Committee 1/1/21 - PresentEditorial Review Board Member for Review of Business 1/1/20 - PresentConference/Workshop Track Chair for Eastern Finance Association Program Chair 1/1/20 - 12/31/21 for Southern Finance Association Board of Directors 1/1/19 - 12/31/21Editor (Associate), Journal for Journal of Business Research Editorial Board 1/1/16 - Present for Midwestern Finance Association Track Chair 1/1/15 - 12/31/16Conference/Workshop Track Chair for Western Finance Association 10/1/14 - 1/15/15 for Western Finance Association Program Committee 1/1/12 - 12/31/14Board of Directors for Junior League of Boston 1/1/08 - 12/31/12Service: University
Committee Member for Center for Women in Business Task Force 1/1/24 - PresentCommittee Chair for Gender Mix AIG workstream - Inside the Classroom 1/1/22 - PresentTask Force Member for Hughey Center for Financial Research 1/1/16 - Present for PhD Committee 1/1/13 - 12/31/14Committee Member for Teaching and Scholarly Activities Committee 1/1/10 - 12/31/11Committee Member for Curriculum Committee 1/1/07 - 12/31/10
