Mathias Kronlund

Mathias Kronlund

Associate Professor of Finance

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Contact

4029 Business Instructional Facility

515 Gregory Dr

Champaign, IL 61820

217-244-2631

kronlund@illinois.edu

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Educational Background

  • Ph.D., Finance, Booth School of Business, University of Chicago, 2011
  • M.S., Industrial Engineering & Management, AALTO University, 2006

Positions Held

  • Associate Professor of Finance, Finance, University of Illinois at Urbana-Champaign, 2024 to present
  • Assistant Professor of Finance, Finance, University of Illinois at Urbana-Champaign, 2012-2020
  • McKinsey & Company, 2005
  • Finnish Broadcasting Company, 2001-2004

Recent Publications

  • Almeida, H., Ersahin, N., Fos, V., Irani, R., & Kronlund, M. Forthcoming. How Do Short-Term Incentives Affect Long-Term Productivity? Review of Financial Studies.  link >
  • Almeida, H., Fos, V., Hsu, P., Kronlund, M., & Tseng, K. Forthcoming. Innovation Under Pressure. Journal of Financial and Quantitative Analysis.  link >

Other Publications

Articles

  • Kim, H., Kim, W., & Kronlund, M. (2023). Do Corporations Retain Too Much Cash? Evidence from a Natural Experiment. Review of Financial Studies, 36 (7), 2839-2877.  link >
  • Choi, J., Kronlund, M., & Oh, J. (2022). Sitting bucks: Stale pricing in fixed income funds. Journal of Financial Economics, 145 (2), 296-317.  link >
  • Kronlund, M., Pool, V., Sialm, C., & Stefanescu, I. (2021). Out of sight no more? The effect of fee disclosures on 401(k) investment allocations. Journal of Financial Economics, 141 (2), 644-668.  link >
  • Kronlund, M. (2020). Do bond issuers shop for favorable credit ratings? Management Science, 66 (12), 5944-5968.  link >
  • Choi, J., & Kronlund, M. (2018). Reaching for Yield by Corporate Bond Mutual Funds. Review of Financial Studies, 31 (5), 1930-1965.
  • Almeida, H., Fos, S., & Kronlund, M. (2016). The Real Effects of Share Repurchases. Journal of Financial Economics.  link >

Presentations

  • Kronlund, M. (2024). Silent Swing: Do Open-End Funds Tilt Holdings Valuations in Response to Flows? Northern Finance Association Annual Meetings, Northern Finance Association.
  • Kronlund, M. (2024). Growth-promoting Bonuses and Mergers and Acquisitions. European Finance Association Annual Conference, European Finance Association.

Working Papers

  • Choi, J., Kronlund, M., & Oh, J. Silent Swing: Do Open-End Funds Tilt Holdings Valuations in Response to Flows.
  • Kronlund, M., & Gao, X. Does Equity Compensation Cause Firms to Manage EPS.  link >
  • Kronlund, M., & Sandy, S. Does Shareholder Scrutiny Affect Executive Compensation? Evidence from Say-on-Pay Voting.  link >
  • Bakke, T., Kronlund, M., Mahmudi, H., & Virani, A. Growth-Promoting Bonuses and Mergers and Acquisitions.  link >
  • Kalay, A., & Kronlund, M. The Market Reaction to Stock Split Announcements: Earnings Information After All.  link >

Service

  • Program Committee, Society for Financial Studies Cavalcade, 2016-2024
  • Referee, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Review of Finance, Management Science, Journal of Financial and Quantitative Analysis, Review of Finance, 2012-2024

Research Interests

Corporate finance: firms' investment and payout policies, corporate short-termism, corporate governance and executive compensation
Investments: mutual funds, bond markets, credit ratings

Contact

4029 Business Instructional Facility

515 Gregory Dr

Champaign, IL 61820

217-244-2631

kronlund@illinois.edu

Vita

Google Scholar

SCOPUS

SSRN

Website

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