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Jared Wilson - Indiana University, Kelley School of Business. Indianapolis, IN, US

Jared Wilson Jared Wilson

Assistant Professor of Finance | Indiana University, Kelley School of Business

Indianapolis, IN, UNITED STATES

Jared Wilson is an expert in corporate finance, corporate governance, mergers & acquisitions, and executive turnover.

Biography

Jared Wilson is an assistant professor of finance at the Kelley School of Business in Indianapolis. He received his PhD in finance from Drexel University in Philadelphia. Wilson received his undergraduate degrees in economics and finance from the University of Pittsburgh.

Wilson's research focuses on corporate finance, corporate governance, mergers & acquisitions, and executive turnover.

Industry Expertise (2)

Research Education/Learning

Areas of Expertise (3)

Executive Turnover Corporate Finance Corporate Governance, Mergers & Acquisitions

Accomplishments (3)

Research Excellence Award (professional)

Drexel University

Outstanding Doctoral Student Paper Award (professional)

Eastern Finance Association Annual Meeting

LeBow PhD Award for Outstanding Student Research Paper (professional)

Drexel University

Education (3)

Drexel University: Ph.D. 2016

University of Pittsburgh: BSBA 2011

University of Pittsburgh: BS 2011

Articles (3)

Board Changes and the Director Labor Market: The Case of Mergers European Corporate Governance Institute (ECGI) - Finance Working Paper

David A Becher, Ralph A Walkling, Jared I Wilson

2017

We provide benchmarks for board changes over time and in response to the evolution of firm structure. Boards are more stable in the modern era. At the same time, shifts made around mergers are substantial and significantly different than those at non-merging firms. Changes to acquiring boards reflect firm needs, increased demand for executive and merger experience, and bargaining between targets and acquirers, rather than agency motives. Conversely, director selection at non-merging firms is driven by general skills and diversity. Our analyses provide insight into the dynamic nature of board structure and characteristics demanded in the director labor market.

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Is There Performance-Based Turnover on Corporate Boards? SSRN

Thomas W Bates, David A Becher, Jared I Wilson

2016

We document an economically significant relation between director turnover and prior firm performance. This relation manifests in idiosyncratic stock returns consistent with relative performance evaluation and the monitoring of actions attributable to directors. The director turnover-performance sensitivity increases substantially throughout the 2000s, and varies with a number of governance characteristics, most notably with the presence of an active external blockholder. Directors who exit firms following poor performance are significantly less likely to obtain new directorships in the future. In sum, the threat of replacement for poor firm performance is an increasingly significant incentive for the directors of public corporations.

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The Value of Venue in Corporate Litigation: Evidence from Exclusive Forum Provisions SSRN

Jared I. Wilson

2016

In response to the increased threat of shareholder litigation filed in multiple states, firms have adopted exclusive forum provisions which limit lawsuits to a single venue of the board’s choice. It is unclear whether these provisions impose increased costs on shareholders’ ability to discipline managers and directors or provide benefits to shareholders by eliminating multi-forum and duplicative lawsuits. I use the Delaware Chancery Court’s announcement upholding the adoption of these provisions as a natural experiment to evaluate their wealth implications. Overall, my findings suggest that exclusive forum provisions create value for shareholders by specifying a required venue for corporate litigation.

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