Matthew Gustafson

Pennsylvania State University - Smeal College of Business

East Park Avenue

University Park, PA 16802

United States

  • Pennsylvania State University - Smeal College of Business

SCHOLARLY PAPERS

27

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15,640

SSRN CITATIONS
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SSRN RANKINGS

Top 7,046

in Total Papers Citations

151

CROSSREF CITATIONS

34

Scholarly Papers (27)

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1.

Disaster on the Horizon: The Price Effect of Sea Level Rise

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 21 Nov 2017 Last Revised: 26 Jul 2018
Asaf Bernstein, Matthew Gustafson and Ryan Lewis
University of Colorado at Boulder, Pennsylvania State University - Smeal College of Business and University of Colorado, Boulder
Downloads 3,894 (3,648)
Citation 89

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Climate Change, Asset Prices, Beliefs, Sea Level Rise, Real Estate

2.

Weathering Cash Flow Shocks

Journal of Finance, Forthcoming
Number of pages: 68 Posted: 05 May 2017 Last Revised: 16 Oct 2020
James R. Brown, Matthew Gustafson and Ivan Ivanov
Iowa State University - Department of Finance, Pennsylvania State University - Smeal College of Business and Board of Governors of the Federal Reserve System
Downloads 1,381 (19,510)
Citation 11

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3.

Bank Monitoring: Evidence from Syndicated Loans

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 75 Posted: 30 Aug 2016 Last Revised: 20 Nov 2020
Matthew Gustafson, Ivan Ivanov and Ralf Meisenzahl
Pennsylvania State University - Smeal College of Business, Board of Governors of the Federal Reserve System and Federal Reserve Bank of Chicago
Downloads 1,337 (20,491)
Citation 25

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Bank Lending, Bank Monitoring, Syndicated Loans

4.

Sea Level Rise Exposure and Municipal Bond Yields

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 53 Posted: 11 Nov 2019 Last Revised: 06 Oct 2021
Paul S. Goldsmith-Pinkham, Matthew Gustafson, Ryan Lewis and Michael Schwert
Yale School of Management, Pennsylvania State University - Smeal College of Business, University of Colorado, Boulder and University of Pennsylvania - The Wharton School
Downloads 1,166 (25,070)
Citation 17

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climate change, sea level rise, asset prices, municipal bonds, credit risk

5.

The JOBS Act and IPO Volume: Evidence that Disclosure Costs Affect the IPO Decision

Journal of Financial Economics (JFE), Vol. 116, p. 121-143, 2015
Number of pages: 51 Posted: 28 Jun 2014 Last Revised: 23 Nov 2016
Michael Dambra, Laura Casares Field and Matthew Gustafson
SUNY at Buffalo - School of Management, University of Delaware - Alfred Lerner College of Business and Economics and Pennsylvania State University - Smeal College of Business
Downloads 1,098 (27,401)
Citation 19

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JOBS Act, Initial Public Offering, disclosure, proprietary costs, pre-IPO marketing

6.

Higher Minimum Wages Reduce Capital Expenditures

Number of pages: 59 Posted: 10 Feb 2017 Last Revised: 09 Mar 2022
Matthew Gustafson and Jason D. Kotter
Pennsylvania State University - Smeal College of Business and Brigham Young University - Department of Finance
Downloads 818 (41,424)
Citation 10

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minimum wage, investment, capital expenditures

7.

The Consequences to Analyst Involvement in the IPO Process: Evidence Surrounding the JOBS Act

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 75 Posted: 25 Nov 2014 Last Revised: 10 Jan 2018
Michael Dambra, Laura Casares Field, Matthew Gustafson and Kevin Pisciotta
SUNY at Buffalo - School of Management, University of Delaware - Alfred Lerner College of Business and Economics, Pennsylvania State University - Smeal College of Business and University of Kansas - School of Business
Downloads 681 (52,933)
Citation 9

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Equity Analyst Research; Conflicts of Interest; JOBS Act; IPOs

8.

Price Pressure and Overnight Seasoned Equity Offerings

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming, AFA 2013 San Diego Meetings Paper
Number of pages: 56 Posted: 17 Oct 2011 Last Revised: 04 Oct 2017
Matthew Gustafson
Pennsylvania State University - Smeal College of Business
Downloads 625 (59,060)
Citation 4

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Overnight Seasoned Equity Offering, Price pressure, SEO Discount, Accelerated SEO

9.

Initial Public Offerings and the Local Economy

Number of pages: 67 Posted: 14 Sep 2017 Last Revised: 18 Mar 2022
Jess Cornaggia, Matthew Gustafson, Jason D. Kotter and Kevin Pisciotta
Pennsylvania State University - Department of Finance, Pennsylvania State University - Smeal College of Business, Brigham Young University - Department of Finance and University of Kansas - School of Business
Downloads 507 (76,782)

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IPO, Economic Growth

10.

The Effects of Removing Barriers to Equity Issuance

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 49 Posted: 15 Jan 2015 Last Revised: 23 Jul 2016
Matthew Gustafson and Peter Iliev
Pennsylvania State University - Smeal College of Business and Pennsylvania State University - Department of Finance
Downloads 493 (79,475)
Citation 12

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Seasoned Equity Offerings, PIPEs, Accelerated SEO, Issuance Costs, Shelf Registrations

11.

Financial Condition and Product Market Cooperation

Downloads 376 (109,058)

Financial Condition and Product Market Cooperation

Journal of Corporate Finance, Vol. 31, p. 1-16, 2015
Number of pages: 40 Posted: 19 Mar 2011 Last Revised: 23 Nov 2016
Matthew Gustafson, Ivan Ivanov and John Ritter
Pennsylvania State University - Smeal College of Business, Board of Governors of the Federal Reserve System and Securities and Exchange Commission (SEC)
Downloads 356 (115,114)

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Short-term Liquidity, Financial Distress, Tacit Collusion, Capacity Constraints, Airfare Price Hikes

Financial Condition and Product Market Cooperation

FEDS Working Paper No. 2014-63
Number of pages: 40 Posted: 31 May 2017
Matthew Gustafson, Ivan Ivanov and John Ritter
Pennsylvania State University - Smeal College of Business, Board of Governors of the Federal Reserve System and Securities and Exchange Commission (SEC)
Downloads 20 (707,273)

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Financial distress, product market cooperation, liquidity

12.

The Breadth of IPO Marketing

Number of pages: 57 Posted: 22 Apr 2021 Last Revised: 01 Jan 2022
Matthew Gustafson, Joseph J. Henry, Emily Kim and Kevin Pisciotta
Pennsylvania State University - Smeal College of Business, Rowan University - Accounting & Finance, University of Kansas - School of Business and University of Kansas - School of Business
Downloads 369 (111,401)

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Bookbuilding; IPO Marketing; Initial Public Offerings; Information Dissemination

13.

Firing Frictions and the U.S. Mergers and Acquisitions Market

Number of pages: 38 Posted: 16 Mar 2016 Last Revised: 04 Oct 2017
Adam Welker, Robert Chatt and Matthew Gustafson
Tulane Universty, A.B. Freeman School of Business, Pennsylvania State University and Pennsylvania State University - Smeal College of Business
Downloads 357 (115,557)
Citation 1

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Mergers and Acquisitions, Firing Costs, Wrongful Discharge Laws

14.

When Bankers Go to Hail: Insights into Fed-Bank Interactions from Taxi Data

Number of pages: 72 Posted: 15 Mar 2018 Last Revised: 09 May 2022
Daniel Bradley, David Andrew Finer, Matthew Gustafson and Jared Williams
University of South Florida, Hum Capital, Pennsylvania State University - Smeal College of Business and University of South Florida
Downloads 308 (135,376)
Citation 1

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The Federal Reserve, FOMC, Monetary policy; NY Fed, Taxi ridership

15.

Do the Burdens to Being Public Affect the Investment and Innovation of Newly Public Firms?

Number of pages: 50 Posted: 04 Oct 2017 Last Revised: 05 Jul 2019
Michael Dambra and Matthew Gustafson
SUNY at Buffalo - School of Management and Pennsylvania State University - Smeal College of Business
Downloads 305 (136,816)
Citation 1

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JOBS Act, Investment, IPO, Disclosure, Sarbanes-Oxley

16.

Index Membership and Small Firm Financing

Number of pages: 49 Posted: 23 Dec 2015 Last Revised: 26 Oct 2020
Charles Cao, Matthew Gustafson and Raisa Velthuis
Pennsylvania State University, Pennsylvania State University - Smeal College of Business and Villanova University - Department of Finance
Downloads 244 (171,411)
Citation 3

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Bank Borrowing, Seasoned Equity Offering, Regression Discontinuity, Index Membership, Russell 2000 Index

17.

Tax-Advantaged Trust Use Among IPO Executives: Determinants and Implications for Valuation and Future Performance

The Accounting Review, Forthcoming
Number of pages: 52 Posted: 03 Jul 2016 Last Revised: 12 Sep 2019
Michael Dambra, Matthew Gustafson and Phillip J. Quinn
SUNY at Buffalo - School of Management, Pennsylvania State University - Smeal College of Business and University of Washington Foster School of Business
Downloads 241 (173,441)

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Tax-advantaged trusts, CEO private information, taxes, initial public offering, post-IPO performance

18.

What is the Effect of an Additional Dollar of IPO Proceeds?

Number of pages: 62 Posted: 30 Apr 2017 Last Revised: 24 Oct 2020
Michael Dambra, Matthew Gustafson and Kevin Pisciotta
SUNY at Buffalo - School of Management, Pennsylvania State University - Smeal College of Business and University of Kansas - School of Business
Downloads 219 (189,965)

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Initial Public Offering, Monitoring, Institutional Ownership, Analyst Coverage

19.

Inter-Market Competition and Bank Loan Spreads: Evidence from The Securities Offering Reform

Journal of Banking and Finance, Forthcoming, 24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 37 Posted: 23 Aug 2011 Last Revised: 03 Aug 2018
Matthew Gustafson
Pennsylvania State University - Smeal College of Business
Downloads 216 (192,480)
Citation 1

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Bank Loans, Bank Competition, Banking Relationships, Public Debt Market, Shelf Registrations

20.

The Market Sensitivity of Retirement and Defined Contribution Pensions: Evidence from the Public Sector

Journal of Public Economics, Vol. 145, p. 1-13, 2017
Number of pages: 47 Posted: 12 Jun 2012 Last Revised: 23 Nov 2016
Matthew Gustafson
Pennsylvania State University - Smeal College of Business
Downloads 161 (249,181)
Citation 1

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Defined Contribution Pensions, Retirement, Stock Market Returns, Federal Employees

21.

Government Spending and Local Demographics: Evidence from Moody's Municipal Ratings Recalibration

Number of pages: 43 Posted: 17 Aug 2019
Jess Cornaggia, Matthew Gustafson, Ryan D. Israelsen and Zihan Ye
Pennsylvania State University - Department of Finance, Pennsylvania State University - Smeal College of Business, Michigan State University - Department of Finance and University of Nevada, Las Vegas
Downloads 149 (265,514)

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Credit ratings, Income inequality, Income distribution, Migration, Municipal finance

22.

New Evidence on Glass-Steagall and Its Impact on Future Legislation

Number of pages: 41 Posted: 02 Jun 2011 Last Revised: 26 Nov 2013
Matthew Gustafson
Pennsylvania State University - Smeal College of Business
Downloads 137 (283,593)

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Commercial Bank Underwriting, Dodd-Frank Act, Glass-Steagall Act, Public Debt Market, Shelf Registration, Underwriter Certification, Underwriter Competition

23.

Partisan Residential Sorting on Climate Change Risk

Downloads 128 (298,605)

Partisan Residential Sorting on Climate Change Risk

Number of pages: 71 Posted: 11 Dec 2020 Last Revised: 26 Oct 2021
Asaf Bernstein, Stephen B. Billings, Matthew Gustafson and Ryan Lewis
University of Colorado at Boulder, University of Colorado - Boulder, Pennsylvania State University - Smeal College of Business and University of Colorado, Boulder
Downloads 117 (320,393)

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residential sorting, climate change, sea level rise, real estate, politics

Partisan Residential Sorting on Climate Change Risk

NBER Working Paper No. w27989
Number of pages: 72 Posted: 27 Oct 2020 Last Revised: 07 May 2022
Asaf Bernstein, Stephen B. Billings, Matthew Gustafson and Ryan Lewis
University of Colorado at Boulder, University of Colorado - Boulder, Pennsylvania State University - Smeal College of Business and University of Colorado, Boulder
Downloads 11 (787,071)

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24.

Judicial Ideology and Business Dynamics

Number of pages: 59 Posted: 10 Apr 2020 Last Revised: 15 Nov 2021
Mehmet Canayaz and Matthew Gustafson
Pennsylvania State University - Smeal College of Business and Pennsylvania State University - Smeal College of Business
Downloads 120 (313,120)
Citation 2

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Judicial Ideology, Firm Entry and Exit

25.

Warming Temperature and the Role of Environmental Policy in Protecting the U.S. Quality of Life

Number of pages: 56 Posted: 08 Nov 2021 Last Revised: 23 Nov 2021
Dimitrios Gounopoulos, Matthew Gustafson and Tam Nguyen
University of Bath, Pennsylvania State University - Smeal College of Business and University of Bath
Downloads 116 (320,613)

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temperature shocks, climate change, quality of life, state regulations, environmental policy

26.

COVID-Induced Migration and Municipal Bonds

Georgia Tech Scheller College of Business Research Paper No. 4029984
Number of pages: 52 Posted: 09 Feb 2022
Matthew Gustafson, Peter H. Haslag, Daniel Weagley and Zihan Ye
Pennsylvania State University - Smeal College of Business, Vanderbilt University - Finance, Georgia Institute of Technology - Scheller College of Business and University of Nevada, Las Vegas
Downloads 104 (345,542)

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Municipal Bonds, COVID-19, Migration

27.

Does Being Private Constrain Geographic Expansion?

Number of pages: 83 Posted: 19 Jan 2021 Last Revised: 21 Dec 2021
Jess Cornaggia, Matthew Gustafson, Jason D. Kotter and Kevin Pisciotta
Pennsylvania State University - Department of Finance, Pennsylvania State University - Smeal College of Business, Brigham Young University - Department of Finance and University of Kansas - School of Business
Downloads 90 (378,924)
Citation 1

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Initial Public Offerings, M&A, Geographic Expansion, US Census