Charles J. Hadlock

Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management

Associate Professor of Finance

315 Eppley Center

East Lansing, MI 48824-1121

United States

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 5,225

SSRN RANKINGS

Top 5,225

in Total Papers Downloads

8,674

SSRN CITATIONS
Rank 2,001

SSRN RANKINGS

Top 2,001

in Total Papers Citations

196

CROSSREF CITATIONS

401

Scholarly Papers (27)

1.

New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index

Review of Financial Studies, Forthcoming
Number of pages: 48 Posted: 08 May 2008 Last Revised: 08 Nov 2009
Charles J. Hadlock and Joshua R. Pierce
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 1,802 (9,674)
Citation 100

Abstract:

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financial constraints, KZ index, qualitative information, investment

Corporate Structure and Equity Offerings: Are There Benefits to Diversification?

Number of pages: 51 Posted: 25 Oct 1998
Charles J. Hadlock, Michael D. Ryngaert and Shawn Thomas
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management, University of Florida - Department of Finance, Insurance and Real Estate and University of Pittsburgh - Katz Graduate School of Business
Downloads 922 (26,582)
Citation 12

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Corporate Structure and Equity Offerings: Are There Benefits to Diversification?

Journal of Business, Vol. 74, No. 4, October 2001
Number of pages: 36 Posted: 21 Sep 2001 Last Revised: 26 Jun 2015
Charles J. Hadlock, Michael D. Ryngaert and Shawn Thomas
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management, University of Florida - Department of Finance, Insurance and Real Estate and University of Pittsburgh - Katz Graduate School of Business
Downloads 45 (449,168)
Citation 1

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3.

Promotions, Turnover, and Performance Evaluation: Evidence from the Careers of Division Managers

Accounting Review, Vol. 84, No. 4, pp. 1119-1143, July 2009
Number of pages: 42 Posted: 21 Mar 2006 Last Revised: 09 Jun 2010
Michael Cichello, C. Edward Fee, Charles J. Hadlock and Ramana Sonti
University of Maryland, Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and Indian School of Business
Downloads 673 (41,695)
Citation 3

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Turnover, Promotions, Internal labor markets, Performance measurement, Division managers

4.

Raids, Rewards, and Reputations in the Market for CEO Talent

Number of pages: 56 Posted: 12 Mar 2001
Charles J. Hadlock and C. Edward Fee
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and Tulane University - A.B. Freeman School of Business
Downloads 667 (42,199)
Citation 1

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Career concerns, Outside CEOs, Performance measurement, Managerial labor market, Executive compensation

5.

Managers Who Lack Style: Evidence from Exogenous CEO Changes

Number of pages: 54 Posted: 09 Apr 2011
C. Edward Fee, Charles J. Hadlock and Joshua R. Pierce
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 656 (43,170)
Citation 14

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Managerial style, CEO turnover, investment decisions, financing policies, manager-specific effects

6.
Downloads 491 ( 62,561)
Citation 39

Management Turnover Across the Corporate Hierarchy

Number of pages: 60 Posted: 12 Jun 2002
C. Edward Fee and Charles J. Hadlock
Tulane University - A.B. Freeman School of Business and Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management
Downloads 491 (61,921)
Citation 39

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Management turnover, Corporate hierarchy, Teams, Performance measurement, Employment opportunities

Management Turnover Across the Corporate Hierarchy

Posted: 05 Jan 2004
C. Edward Fee and Charles J. Hadlock
Tulane University - A.B. Freeman School of Business and Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management

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management turnover, corporate hierarchy, teams, performance measurement, employment opportunities

7.

Corporate Equity Ownership and the Governance of Product Market Relationships

AFA 2005 Philadelphia Meetings, Journal of Finance, Vol. 61, No. 3, 2006
Number of pages: 54 Posted: 27 Jul 2004 Last Revised: 26 Jun 2015
C. Edward Fee, Charles J. Hadlock and Shawn Thomas
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Pittsburgh - Katz Graduate School of Business
Downloads 441 (71,321)
Citation 49

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Contracting, ownership, vertical Integration

Investment, Financing Constraints, and Internal Capital Markets: Evidence from the Advertising Expenditures of Multinational Firms

Number of pages: 55 Posted: 20 Mar 2006
C. Edward Fee, Charles J. Hadlock and Joshua R. Pierce
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 431 (72,682)
Citation 7

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Investment, advertising, cash flow, financial constraints, internal capital markets

Investment, Financing Constraints, and Internal Capital Markets: Evidence from the Advertising Expenditures of Multinational Firms

The Review of Financial Studies, Vol. 22, Issue 6, pp. 2361-2392, 2009
Posted: 01 Jun 2009
C. Edward Fee, Charles J. Hadlock and Joshua R. Pierce
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce

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G31, G32, D92, G23, M37

9.

Business School Rankings and Business School Deans

Number of pages: 35 Posted: 14 Nov 2003
C. Edward Fee, Charles J. Hadlock and Joshua R. Pierce
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 415 (76,771)
Citation 1

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business schools, deans, rankings, turnover, performance evaluation

10.

Panel Data Estimation in Finance: Testable Assumptions and Parameter (In)Consistency

Journal of Financial and Quantitative Analysis (JFQA) (2018)
Number of pages: 50 Posted: 06 Apr 2016 Last Revised: 31 Jan 2019
William Grieser and Charles J. Hadlock
Texas Christian University and Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management
Downloads 408 (78,285)
Citation 11

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Corporate Finance, Panel Data, Fixed Effects, First Differences, Strict Exogeneity

11.

Robust Models of CEO Turnover: New Evidence on Relative Performance Evaluation

Review of Corporate Finance Studies, Forthcoming
Number of pages: 46 Posted: 12 Jul 2015 Last Revised: 12 Sep 2017
C. Edward Fee, Charles J. Hadlock, Jing Huang and Joshua R. Pierce
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management, University of South Carolina and University of Alabama Culverhouse College of Commerce
Downloads 354 (92,232)
Citation 1

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CEO turnover, performance measurement, relative performance evaluation, industry performance

12.

Blockholder Heterogeneity, Multiple Blocks, and the Dance Between Blockholders

Review of Financial Studies, Forthcoming
Number of pages: 49 Posted: 09 Jan 2017 Last Revised: 30 Dec 2018
Charles J. Hadlock and Miriam Schwartz-Ziv
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and Hebrew University of Jerusalem - Department of Finance and Banking
Downloads 301 (110,361)
Citation 3

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Blockholders, blocks, shareholders

13.

What Happens in Acquisitions? Evidence from Brand Ownership Changes and Advertising Investment

Number of pages: 56 Posted: 26 Mar 2008 Last Revised: 17 Mar 2009
C. Edward Fee, Charles J. Hadlock and Joshua R. Pierce
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 295 (112,776)
Citation 3

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Acquisitions, mergers, advertising, investment, brands

14.

Internal Vs. External Promotions: Evidence from Professional Football Coaching Careers

Number of pages: 48 Posted: 18 Dec 2002
C. Edward Fee, Charles J. Hadlock and Joshua R. Pierce
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 291 (114,434)
Citation 1

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Promotions, Internal Labor Markets, Hierarchies, Performance Evaluation, Careers, Football, Teams

Hiring Your Friends: Evidence from the Market for Financial Economists

Number of pages: 44 Posted: 24 Aug 2017 Last Revised: 09 May 2019
Charles J. Hadlock and Joshua R. Pierce
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 260 (128,287)

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Referrals, connections, job matching, information, favoritism

Hiring Your Friends: Evidence from the Market for Financial Economists

Forthcoming: Industrial and Labor Relations Review
Number of pages: 44 Posted: 08 Aug 2019
Charles J. Hadlock and Joshua R. Pierce
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 17 (607,653)

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Referrals, connections, job matching, information, favoritism

16.

Financial Strength and Product Market Competition: Evidence from Asbestos Litigation

Number of pages: 52 Posted: 10 Apr 2009
Charles J. Hadlock and Ramana Sonti
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and Indian School of Business
Downloads 116 (260,532)
Citation 3

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financial strength, debt, product market competition, asbestos liabilities

17.

New Evidence on Managerial Labor Markets: An Analysis of CEO Retreads

Journal of Corporate Finance, Forthcoming
Number of pages: 40 Posted: 04 Jul 2016 Last Revised: 28 Nov 2017
C. Edward Fee, Charles J. Hadlock and Joshua R. Pierce
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 39 (465,555)
Citation 4

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CEO turnover, external labor markets, CEO incentives, managerial ability, retreads

18.

Doing Good When Doing Well: Evidence on Real Earnings Management

Number of pages: 39 Posted: 12 Jun 2020
William Grieser, Charles J. Hadlock and Joshua R. Pierce
Texas Christian University, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 35 (483,356)

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real earnings management; charitable giving; weather shocks

19.

Business School Rankings and Business School Deans: A Study of Nonprofit Governance

Number of pages: 24 Posted: 24 Apr 2005
C. Edward Fee, Charles J. Hadlock and Joshua R. Pierce
Tulane University - A.B. Freeman School of Business, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Alabama Culverhouse College of Commerce
Downloads 15 (599,472)
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20.

Do Banks Provide Financial Slack?

Posted: 29 Nov 2003
Charles J. Hadlock and Christopher M. James
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and University of Florida - Department of Finance, Insurance and Real Estate

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21.

Raids, Rewards, and Reputations in the Market for Managerial Talent

Posted: 15 Jan 2003
C. Edward Fee and Charles J. Hadlock
Tulane University - A.B. Freeman School of Business and Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management

Abstract:

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Career concerns, Outside CEOs, Performance measurement, Executive retention

22.

CEO Careers in Regulated Environments: Evidence from Electric and Gas Utilities

Journal of Law & Economics, Vol. 45, No. 2, Part 1
Posted: 05 May 2002 Last Revised: 19 Apr 2015
Charles J. Hadlock, D. Scott Lee and Robert Parrino
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management, University of Nevada, Las Vegas - Lee Business School and University of Texas at Austin - Department of Finance

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23.

Management Turnover and Product Market Competition: Empirical Evidence from the U.S. Newspaper Industry

Posted: 13 Apr 2000
C. Edward Fee and Charles J. Hadlock
Tulane University - A.B. Freeman School of Business and Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management

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24.

Management Turnover and Product Market Competition: Empirical Evidence from the U.S. Newspaper Industry

Posted: 06 May 1998
Charles J. Hadlock and C. Edward Fee
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and Tulane University - A.B. Freeman School of Business

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25.

Ownership, Liquidity, and Investment

Rand Journal of Economics
Posted: 10 Apr 1998
Charles J. Hadlock
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management

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26.

Compensation, Turnover, and Top Management Incentives: Historical Evidence

J. OF BUSINESS, Vol. 70 No. 2, April 1997
Posted: 17 Mar 1997
Charles J. Hadlock and Gerald B. Lumer
Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management and United States Department of Justice

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27.

Network Effects in Corporate Financial Policies

Number of pages: 64
Texas Christian University, Michigan State University - The Eli Broad College of Business and The Eli Broad Graduate School of Management, Texas State University - McCoy College of Business Administration and Tulane University
Downloads 0

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Capital Structure, Peer Effects, Networks, Spatial Econometrics