David A. Matsa

Northwestern University - Kellogg School of Management

2001 Sheridan Road

Evanston, IL 60208

United States

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 1,742

SSRN RANKINGS

Top 1,742

in Total Papers Downloads

34,676

TOTAL CITATIONS
Rank 716

SSRN RANKINGS

Top 716

in Total Papers Citations

1,076

Scholarly Papers (27)

1.

Common Errors: How to (and Not to) Control for Unobserved Heterogeneity

Review of Financial Studies, 2014, 27(2), 617-61, AFA 2013 San Diego Meetings Paper, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 58 Posted: 17 Mar 2012 Last Revised: 11 Aug 2020
Todd A. Gormley and David A. Matsa
Washington University in St. Louis and Northwestern University - Kellogg School of Management
Downloads 4,214 (5,195)
Citation 103

Abstract:

Loading...

unobserved heterogeneity, group fixed effects, industry-adjust, bias

2.

A Female Style in Corporate Leadership? Evidence from Quotas

American Economic Journal: Applied Economics, Forthcoming
Number of pages: 82 Posted: 09 Jul 2010 Last Revised: 14 Dec 2012
David A. Matsa and Amalia R. Miller
Northwestern University - Kellogg School of Management and University of Virginia - Department of Economics
Downloads 4,028 (5,573)
Citation 76

Abstract:

Loading...

3.

Playing It Safe? Managerial Preferences, Risk, and Agency Conflicts

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 68 Posted: 14 Jul 2014 Last Revised: 21 Jul 2016
Todd A. Gormley and David A. Matsa
Washington University in St. Louis and Northwestern University - Kellogg School of Management
Downloads 3,281 (7,834)
Citation 42

Abstract:

Loading...

risk aversion, managerial preferences, agency conflicts, acquisitions

4.

CEO Compensation and Corporate Risk: Evidence from a Natural Experiment

Journal of Accounting & Economics (JAE), 2013, 56(2-3), pp. 79-101., AFA 2012 Chicago Meetings Paper
Number of pages: 57 Posted: 02 Dec 2010 Last Revised: 17 Jun 2014
Todd A. Gormley, David A. Matsa and Todd T. Milbourn
Washington University in St. Louis, Northwestern University - Kellogg School of Management and Washington University in Saint Louis - Olin Business School
Downloads 2,635 (11,044)
Citation 40

Abstract:

Loading...

legal liability, regulatory risk, tail risk, stock options, compensation, managerial incentives

5.

Competition and Product Quality in the Supermarket Industry

Quarterly Journal of Economics, Forthcoming
Number of pages: 52 Posted: 03 Aug 2009 Last Revised: 21 Nov 2010
David A. Matsa
Downloads 2,614 (11,190)
Citation 82

Abstract:

Loading...

product quality, competition, monopoly, big-box, inventory management, stockout

The Big Three and Board Gender Diversity: The Effectiveness of Shareholder Voice

European Corporate Governance Institute – Finance Working Paper No. 714/2020, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 72 Posted: 25 Nov 2020 Last Revised: 03 Apr 2023
Washington University in St. Louis, University of Alabama - Department of Management, Northwestern University - Kellogg School of Management, University of Alabama - Culverhouse College of Commerce & Business Administration and Texas A&M International University
Downloads 2,534 (11,531)
Citation 15

Abstract:

Loading...

gender diversity, directors, institutional ownership, indexing

The Big Three and Board Gender Diversity: The Effectiveness of Shareholder Voice

NBER Working Paper No. w30657
Number of pages: 72 Posted: 21 Nov 2022 Last Revised: 05 Jun 2023
Washington University in St. Louis, University of Alabama - Department of Management, Northwestern University - Kellogg School of Management, University of Alabama - Culverhouse College of Commerce & Business Administration and Texas A&M International University
Downloads 16 (1,189,052)
Citation 38
  • Add to Cart

Abstract:

Loading...

7.

Labor Unemployment Risk and Corporate Financing Decisions

Journal of Financial Economics (JFE), Vol. 108, No. 2, pp. 449-470 (2013)
Number of pages: 58 Posted: 29 Aug 2010 Last Revised: 20 May 2018
Ashwini K. Agrawal and David A. Matsa
London School of Economics & Political Science (LSE) and Northwestern University - Kellogg School of Management
Downloads 2,303 (13,720)
Citation 184

Abstract:

Loading...

capital structure, financial distress, unemployment risk, compensating wage differentials

8.

Capital Structure as a Strategic Variable: Evidence from Collective Bargaining

Journal of Finance, Forthcoming
Number of pages: 62 Posted: 02 Oct 2006 Last Revised: 15 Mar 2014
David A. Matsa
Downloads 2,010 (17,057)
Citation 115

Abstract:

Loading...

strategic investment, strategic capital structure, collective bargaining, union rent sharing, right-to-work laws, unemployment insurance work stoppage provision, buffer inventories

Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership

RAND Working Paper No. WR-842
Number of pages: 13 Posted: 03 Apr 2011
David A. Matsa and Amalia R. Miller
Northwestern University - Kellogg School of Management and University of Virginia - Department of Economics
Downloads 939 (51,838)
Citation 97

Abstract:

Loading...

Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership

American Economic Review: Papers & Proceedings, Forthcoming
Number of pages: 11 Posted: 16 Nov 2010 Last Revised: 28 Jan 2011
David A. Matsa and Amalia R. Miller
Northwestern University - Kellogg School of Management and University of Virginia - Department of Economics
Downloads 910 (54,165)
Citation 2

Abstract:

Loading...

10.

Growing Out of Trouble? Corporate Responses to Liability Risk

Review of Financial Studies, 2011, 24(8), pp. 2781-2821., 2009 Western Finance Association Conference Paper
Number of pages: 65 Posted: 16 Apr 2009 Last Revised: 17 Jun 2014
Todd A. Gormley and David A. Matsa
Washington University in St. Louis and Northwestern University - Kellogg School of Management
Downloads 1,546 (25,606)
Citation 133

Abstract:

Loading...

legal liability, acquisitions, payout policy, capital structure, managerial agency

11.
Downloads 1,317 (32,505)
Citation 47

Unemployment Insurance as a Housing Market Stabilizer

American Economic Review, Forthcoming
Number of pages: 57 Posted: 05 Dec 2012 Last Revised: 21 Nov 2017
Joanne W. Hsu, David A. Matsa and Brian Melzer
University of Michigan at Ann Arbor - Institute for Social Research (ISR), Northwestern University - Kellogg School of Management and Dartmouth College - Tuck School of Business
Downloads 1,248 (34,509)
Citation 42

Abstract:

Loading...

Positive Externalities of Social Insurance: Unemployment Insurance and Consumer Credit

NBER Working Paper No. w20353
Number of pages: 61 Posted: 04 Aug 2014 Last Revised: 11 Feb 2023
Joanne W. Hsu, David A. Matsa and Brian Melzer
University of Michigan at Ann Arbor - Institute for Social Research (ISR), Northwestern University - Kellogg School of Management and Dartmouth College - Tuck School of Business
Downloads 69 (702,849)
Citation 5

Abstract:

Loading...

12.

Why Do Firms Use High Discount Rates?

Number of pages: 83 Posted: 22 Mar 2014 Last Revised: 30 Jun 2015
Ravi Jagannathan, David A. Matsa, Iwan Meier and Vefa Tarhan
Northwestern University - Kellogg School of Management, Northwestern University - Kellogg School of Management, HEC Montreal - Department of Finance and Loyola University of Chicago - School of Business Administration
Downloads 1,212 (36,588)
Citation 40

Abstract:

Loading...

Capital budgeting; discount rates; cost of capital

13.

Are Restaurants Really Supersizing America?

American Economic Journal: Applied Economics, Forthcoming
Number of pages: 67 Posted: 01 Jan 2008 Last Revised: 22 Jul 2010
Michael L. Anderson and David A. Matsa
U.C. Berkeley - Department of Agricultural and Resource Economics and Northwestern University - Kellogg School of Management
Downloads 1,008 (47,774)
Citation 4

Abstract:

Loading...

economics of regulation, health production, obesity, fat tax

14.

Running on Empty? Financial Leverage and Product Quality in the Supermarket Industry

American Economic Journal: Microeconomics, Forthcoming, AFA 2008 New Orleans Meetings Paper, 9th Annual Texas Finance Festival Paper
Number of pages: 44 Posted: 18 Mar 2007 Last Revised: 22 Jul 2010
David A. Matsa
Downloads 946 (52,123)
Citation 1

Abstract:

Loading...

debt, financial constraint, inventory management, stockout, leveraged buyout

15.

Heterogeneous Labor Market Effects of Monetary Policy

Chicago Booth Research Paper No. 21-02
Number of pages: 47 Posted: 04 Jan 2021 Last Revised: 05 Jan 2021
Nittai Bergman, David A. Matsa and Michael Weber
Tel Aviv University - Berglas School of Economics, Northwestern University - Kellogg School of Management and University of Chicago - Finance
Downloads 638 (87,876)

Abstract:

Loading...

Monetary Policy, Labor Markets, Heterogeneous Agents, Federal Reserve

16.
Downloads 595 (96,026)
Citation 3

Abstract:

Loading...

malpractice, tort reform, damage caps, physician supply, rural medicine

Locked in by Leverage: Job Search during the Housing Crisis

Number of pages: 50 Posted: 08 Dec 2016 Last Revised: 27 Jul 2017
Jennifer Brown and David A. Matsa
University of Utah - Department of Finance and Northwestern University - Kellogg School of Management
Downloads 388 (158,876)

Abstract:

Loading...

Job Search, Mortgage Leverage, Mobility

Locked in by Leverage: Job Search During the Housing Crisis

NBER Working Paper No. w22929
Number of pages: 52 Posted: 12 Dec 2016 Last Revised: 25 Feb 2023
Jennifer Brown and David A. Matsa
University of Utah - Department of Finance and Northwestern University - Kellogg School of Management
Downloads 42 (891,931)
Citation 5

Abstract:

Loading...

Workforce Reductions at Women-Owned Businesses in the United States

Industrial and Labor Relations Review, Forthcoming
Number of pages: 51 Posted: 17 Dec 2011 Last Revised: 16 Jul 2013
David A. Matsa and Amalia R. Miller
Northwestern University - Kellogg School of Management and University of Virginia - Department of Economics
Downloads 425 (143,098)
Citation 10

Abstract:

Loading...

Workforce Reductions at Women-Owned Businesses in the United States

Industrial and Labor Relations Review, Vol. 67, No. 2, 2014
Posted: 18 Apr 2014
David A. Matsa and Amalia R. Miller
Northwestern University - Kellogg School of Management and University of Virginia - Department of Economics

Abstract:

Loading...

gender, female business leaders, workforce reductions, labor hoarding, business values

Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth

Chicago Booth Research Paper No. 22-02, Fama-Miller Working Paper , University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-03
Number of pages: 46 Posted: 14 Jan 2022 Last Revised: 13 Apr 2022
Nittai Bergman, David A. Matsa and Michael Weber
Tel Aviv University - Berglas School of Economics, Northwestern University - Kellogg School of Management and University of Chicago - Finance
Downloads 104 (545,362)

Abstract:

Loading...

Monetary Policy, Labor Markets, Heterogeneous Agents, Federal Reserve

Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-03
Number of pages: 46 Posted: 14 Jan 2022
Nittai Bergman, David A. Matsa and Michael Weber
Tel Aviv University - Berglas School of Economics, Northwestern University - Kellogg School of Management and University of Chicago - Finance
Downloads 64 (731,675)

Abstract:

Loading...

Monetary Policy, Labor Markets, Heterogeneous Agents, Federal Reserve

Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth

CESifo Working Paper No. 9512
Number of pages: 47 Posted: 18 Jan 2022
Nittai Bergman, David A. Matsa and Michael Weber
Tel Aviv University - Berglas School of Economics, Northwestern University - Kellogg School of Management and University of Chicago - Finance
Downloads 35 (958,405)

Abstract:

Loading...

monetary policy, labor markets, heterogeneous agents, federal reserve

Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth

NBER Working Paper No. w29651
Number of pages: 48 Posted: 17 Jan 2022 Last Revised: 09 Jul 2023
Nittai Bergman, David A. Matsa and Michael Weber
Tel Aviv University - Berglas School of Economics, Northwestern University - Kellogg School of Management and University of Chicago - Finance
Downloads 19 (1,147,656)

Abstract:

Loading...

Inclusive Monetary Policy: How Tight Labor Markets Facilitate Broad-Based Employment Growth

CEPR Discussion Paper No. DP16876
Number of pages: 48 Posted: 04 Feb 2022
Nittai Bergman, David A. Matsa and Michael Weber
Tel Aviv University - Berglas School of Economics, Northwestern University - Kellogg School of Management and University of Chicago - Finance
Downloads 2 (1,347,670)
  • Add to Cart

Abstract:

Loading...

Dual Credit Markets: Income Risk, Household Debt, and Consumption

Number of pages: 49 Posted: 19 Jul 2023
David A. Matsa, Brian Melzer and Michał Zator
Northwestern University - Kellogg School of Management, Dartmouth College - Tuck School of Business and University of Notre Dame - Mendoza College of Business
Downloads 212 (298,504)

Abstract:

Loading...

household debt, credit access, mortgages, housing, labor market duality, temporary contracts

Dual Credit Markets: Income Risk, Household Debt, and Consumption

NBER Working Paper No. w32858
Number of pages: 50 Posted: 26 Aug 2024 Last Revised: 29 Aug 2024
David A. Matsa, Brian Melzer and Michal Zator
Northwestern University - Kellogg School of Management, Dartmouth College - Tuck School of Business and University of Notre Dame
Downloads 4 (1,333,314)
  • Add to Cart

Abstract:

Loading...

21.

Do Male Workers Prefer Male Leaders? An Analysis of Principals’ Effects on Teacher Retention

Number of pages: 61 Posted: 24 Oct 2018 Last Revised: 06 Aug 2024
Aliza N. Husain, David A. Matsa and Amalia R. Miller
University of Virginia - The Curry School of Education, Northwestern University - Kellogg School of Management and University of Virginia - Department of Economics
Downloads 199 (318,182)
Citation 3

Abstract:

Loading...

gender discrimination, coworker discrimination, turnover, glass ceiling, education workforce

22.

Restaurants, Regulation, and the Supersizing of America

Regulation, Vol. 33, No. 3, 2010
Number of pages: 8 Posted: 12 Oct 2010
Michael L. Anderson and David A. Matsa
U.C. Berkeley - Department of Agricultural and Resource Economics and Northwestern University - Kellogg School of Management
Downloads 145 (419,091)
Citation 1

Abstract:

Loading...

23.

Boarding a Sinking Ship? An Investigation of Job Applications to Distressed Firms

NBER Working Paper No. w18208
Number of pages: 66 Posted: 10 Jul 2012 Last Revised: 03 Apr 2022
Jennifer Brown and David A. Matsa
University of Utah - Department of Finance and Northwestern University - Kellogg School of Management
Downloads 101 (552,289)
Citation 23

Abstract:

Loading...

24.
Downloads 98 (563,668)
Citation 12

Capital Structure and a Firm's Workforce

NBER Working Paper No. w25125
Number of pages: 51 Posted: 08 Oct 2018 Last Revised: 25 Feb 2023
David A. Matsa
Downloads 98 (569,077)
Citation 12

Abstract:

Loading...

Capital Structure and a Firm's Workforce

Annual Review of Financial Economics, Vol. 10, pp. 387-412, 2018
Posted: 08 Nov 2018
David A. Matsa

Abstract:

Loading...

25.

Did Board Gender Quotas Break the Glass Ceiling in Europe?

AEA Papers and Proceedings, Forthcoming
Number of pages: 14 Posted: 25 Feb 2025
David A. Matsa and Amalia R. Miller
Northwestern University - Kellogg School of Management and University of Virginia - Department of Economics
Downloads 37 (914,319)

Abstract:

Loading...

female leadership, gender quotas, corporate diversity, discrimination

26.

Who Votes for Medicaid Expansion? Lessons from Maine's 2017 Referendum

NBER Working Paper No. w25109
Number of pages: 36 Posted: 01 Oct 2018 Last Revised: 09 Feb 2023
David A. Matsa and Amalia R. Miller
Northwestern University - Kellogg School of Management and University of Virginia - Department of Economics
Downloads 36 (923,749)

Abstract:

Loading...

27.

Do Male Workers Prefer Male Leaders? An Analysis of Principals' Effects on Teacher Retention

NBER Working Paper No. w25263
Number of pages: 40 Posted: 19 Nov 2018 Last Revised: 13 Jul 2023
Aliza N. Husain, David A. Matsa and Amalia R. Miller
University of Virginia - The Curry School of Education, Northwestern University - Kellogg School of Management and University of Virginia - Department of Economics
Downloads 19 (1,112,625)

Abstract:

Loading...