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

31

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19,575

SSRN CITATIONS
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SSRN RANKINGS

Top 2,978

in Total Papers Citations

523

CROSSREF CITATIONS

39

Scholarly Papers (31)

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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 4,424 (3,902)
Citation 211

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

2.

Sea Level Rise Exposure and Municipal Bond Yields

Downloads 1,903 (15,267)
Citation 27

Sea Level Rise Exposure and Municipal Bond Yields

Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 60 Posted: 11 Nov 2019 Last Revised: 10 Nov 2022
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 AQR Arbitrage, LLC
Downloads 1,891 (15,171)
Citation 17

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

Sea Level Rise Exposure and Municipal Bond Yields

NBER Working Paper No. w30660
Number of pages: 89 Posted: 21 Nov 2022 Last Revised: 14 Apr 2023
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 AQR Arbitrage, LLC
Downloads 12 (995,607)
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, Federal Reserve Bank of Chicago and Federal Reserve Bank of Chicago
Downloads 1,552 (20,918)
Citation 58

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Bank Lending, Bank Monitoring, Syndicated Loans

4.

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 Federal Reserve Bank of Chicago
Downloads 1,539 (21,192)
Citation 11

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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 1,176 (31,580)
Citation 57

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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: 45 Posted: 10 Feb 2017 Last Revised: 31 May 2022
Matthew Gustafson and Jason D. Kotter
Pennsylvania State University - Smeal College of Business and Brigham Young University - Department of Finance
Downloads 1,062 (36,519)
Citation 10

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minimum wage, investment, capital expenditures

7.

Initial Public Offerings and the Local Economy

Downloads 760 (58,155)
Citation 3

Initial Public Offerings and the Local Economy

Number of pages: 46 Posted: 14 Sep 2017 Last Revised: 27 Jul 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 727 (60,739)

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IPO, Economic Growth

Initial Public Offerings and the Local Economy

Number of pages: 45 Posted: 27 May 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 33 (802,038)
Citation 4

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Local Agglomerations, Employment Growth, Initial Public Offerings, Firm Ownership

8.

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 733 (60,808)
Citation 5

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

9.

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 656 (70,222)
Citation 4

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

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 545 (88,490)
Citation 23

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

11.

The Effects of IPO Marketing Breadth: Evidence From Weather-Induced Variation in Roadshow Prospectus Distribution

Number of pages: 56 Posted: 22 Apr 2021 Last Revised: 21 Jul 2023
Matthew Gustafson, Joseph J. Henry, Emily Kim and Kevin Pisciotta
Pennsylvania State University - Smeal College of Business, Northeastern University - D’Amore-McKim School of Business, University of Kansas - School of Business and University of Kansas - School of Business
Downloads 506 (97,042)

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Initial Public Offerings; IPO Marketing Breadth; IPO Roadshows; Underwriter Information Dissemination; Weather Disruptions

12.

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 453 (111,067)
Citation 1

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

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
Utah Valley University, Woodbury School of Business, Pennsylvania State University and Pennsylvania State University - Smeal College of Business
Downloads 413 (123,476)
Citation 1

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Mergers and Acquisitions, Firing Costs, Wrongful Discharge Laws

14.

Financial Condition and Product Market Cooperation

Downloads 412 (124,479)

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, Federal Reserve Bank of Chicago and Securities and Exchange Commission (SEC)
Downloads 376 (136,597)

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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, Federal Reserve Bank of Chicago and Securities and Exchange Commission (SEC)
Downloads 36 (777,878)

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Financial distress, product market cooperation, liquidity

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 382 (134,947)
Citation 13

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

16.

A Flash in the Pan(demic)? Migration Risks and Municipal Bonds

Georgia Tech Scheller College of Business Research Paper No. 4029984, Vanderbilt Owen Graduate School of Management Research Paper
Number of pages: 70 Posted: 09 Feb 2022 Last Revised: 24 Aug 2023
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 Tennessee
Downloads 344 (151,362)

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Municipal Bonds, COVID-19, Migration, Remote Work, Work From Home

17.

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 283 (185,898)
Citation 8

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

18.

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 271 (194,311)
Citation 6

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

19.

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 250 (210,501)
Citation 2

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Initial Public Offering, Monitoring, Institutional Ownership, Analyst Coverage

20.

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 242 (217,291)
Citation 4

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

21.

Partisan Residential Sorting on Climate Change Risk

Downloads 239 (220,824)
Citation 20

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 213 (245,805)
Citation 2

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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: 24 Jun 2023
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 26 (854,067)
Citation 18

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22.

Start-Ups Judging Judges: Evidence That Litigation Risk Shapes the Small Business Environment

Number of pages: 53 Posted: 10 Apr 2020 Last Revised: 22 Nov 2023
Mehmet Canayaz and Matthew Gustafson
Pennsylvania State University - Smeal College of Business and Pennsylvania State University - Smeal College of Business
Downloads 212 (246,454)
Citation 1

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Judicial Ideology, Business Start-ups, Litigation Risk

23.

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 Tennessee
Downloads 212 (246,454)
Citation 1

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

24.

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 182 (284,069)

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

25.

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 175 (292,582)
Citation 1

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

26.

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 153 (327,960)

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

27.

Environmental Policy Mitigates Temperature Shock Risks

Number of pages: 61 Posted: 08 Nov 2021 Last Revised: 06 Sep 2023
Dimitrios Gounopoulos, Matthew Gustafson and Tam Nguyen
University of Bath - School of Management, Pennsylvania State University - Smeal College of Business and University of Bath
Downloads 144 (344,458)
Citation 1

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climate change risks, environmental policy, temperature shocks, quality of life, income, health

28.

Does Wildfire Smoke Choke Local Business?

Number of pages: 40 Posted: 26 Sep 2023
Jawad M. Addoum, Dimitrios Gounopoulos, Matthew Gustafson, Ryan Lewis and Tam Nguyen
Cornell SC Johnson College of Business, University of Bath - School of Management, Pennsylvania State University - Smeal College of Business, University of Colorado, Boulder and University of Bath
Downloads 113 (421,822)

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Climate Change (Risk), Wildfire Smoke, Temperature, Rainfall, Drought

29.

How Big Oil Can Internalize Climate Change Externalities

Number of pages: 76 Posted: 30 Jan 2023
Matthew Gustafson and Zhe Wang
Pennsylvania State University - Smeal College of Business and Pennsylvania State University
Downloads 100 (451,376)

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30.

Voter-induced Municipal Credit Risk

Number of pages: 80 Posted: 19 Jun 2023 Last Revised: 06 Sep 2023
Brent W. Ambrose, Matthew Gustafson, Maxence Valentin and Zihan Ye
Pennsylvania State University, Pennsylvania State University - Smeal College of Business, Cornell SC Johnson College of Business and University of Tennessee
Downloads 86 (496,920)

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Municipal Bond Risk, Voting, Local Public Finance, Tax Cuts and Jobs Act, Principal-agent Coordination

31.

Propagation of Climate Disasters Through Ownership Networks

European Corporate Governance Institute – Finance Working Paper No. 941/2023
Number of pages: 75 Posted: 04 Dec 2023 Last Revised: 05 Dec 2023
Matthew Gustafson, Ai He, Ugur Lel and Zhongling Qin
Pennsylvania State University - Smeal College of Business, University of South Carolina - Darla Moore School of Business, University of Georgia - Department of Banking and Finance and Auburn University - Department of Finance
Downloads 53

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common ownership, climate change, corporate ESG, CO2 emissions