Eller Finance Professor Cited in The Wall Street Journal

Research conducted by Aazam Virani, assistant professor of finance, was cited in an October 26 Wall Street Journal article about the Securities and Exchange Commission (SEC) approved a rule that requires public companies whose financial statements contain errors to recuperate their executives’ bonuses and other incentives.

The article mentions Virani’s research examining the stock market reactions of S&P 1500 firms after the SEC revealed the proposed clawback rule back in 2015 finding that companies without existing clawback policies exhibited positive abnormal stock returns after the announcement.