Contact
4029 Business Instructional Facility
515 Gregory Dr
Champaign, IL 61820
Listings
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