Skip to main content

Dr. Stuart L. Gillan

Professor

University of North Texas

Department of Finance, Insurance, Real Estate and Law

(940-565-3147) -

Email: Stuart.Gillan@unt.edu

Education

  • PhD, University of Texas, 1995
    Major: Finance
  • Mcom, University of Otago, 1992
    Major: Accounting

Professional Positions

    Academic - Post-Secondary

  • Mercer W. Hull Professor of Finance, University of Georgia. University of Georgia. (2018 - 2020).
  • Associate Professor of Finance, University of Georgia. University of Georgia. (2011 - 2018).
  • Associate and Jerry S. Rawls Professor, Texas Tech. Texas Tech. (2006 - 2011).

Teaching

Teaching Experience

    University of North Texas

  • FINA 4330 - Sustainable Finance, 1 course.
  • FINA 4650 - Special Topics in Finance, 2 courses.
  • FINA 4900 - Special Problems, 1 course.
  • FINA 5330 - Sustainable Finance, 4 courses.
  • FINA 5340 - Mergers and Acquisitions, 5 courses.
  • FINA 6010 - Seminar in Business Administration, 4 courses.
  • FINA 6950 - Doctoral Dissertation, 2 courses.

Directed Student Learning

  • Dissertation Committee Chair, "Essays in ESG," Finance, Insurance, Real Estate and Law. (December 1, 2023).
  • Major Professor, "Second year paper," Finance, Insurance, Real Estate and Law. (May 2023 - November 2024).
  • Doctoral Comprehensive Exam Member or Grader, Finance, Insurance, Real Estate and Law. (2023 - 2023).
  • Dissertation Committee Member, Finance, Insurance, Real Estate and Law. (September 2020 - 2023).
  • Doctoral Comprehensive Exam Member or Grader, Finance, Insurance, Real Estate and Law. (2022 - 2022).
  • Doctoral Comprehensive Exam Member or Grader, Finance, Insurance, Real Estate and Law. (2022 - 2022).
  • Doctoral Comprehensive Exam Member or Grader, Finance, Insurance, Real Estate and Law. (2021 - 2021).

Research

Published Intellectual Contributions

    Editorial, Journal

  • Gillan, S.L., Wei, K.C. (2020). Environmental, social, and governance issues: Emerging markets and beyond: An introduction to the special issue. Journal of Corporate Finance. 61 https://api.elsevier.com/content/abstract/scopus_id/85081260869
  • Gillan, S.L. (2006). Recent Developments in Corporate Governance: An Overview. Journal of Corporate Finance. 12 (3) 381-402. https://api.elsevier.com/content/abstract/scopus_id/33645901855

    • Journal Article

  • Nguyen, N., Gillan, S.L. (2024). Shareholder voting on golden parachutes: Effective governance or too little too late?. Journal of Business Finance & Accounting. https://onlinelibrary.wiley.com/doi/epdf/10.1111/jbfa.12776
  • Nguyen, N., Gillan, S., Nishikawa, T. (2023). Heterogeneity in shareholder activism: Evidence from Japan. Pacific-Basin Finance Journal. 77 Elservier. https://www.sciencedirect.com/science/article/pii/S0927538X2200186X
  • Gillan, S., Koch, A., Starks, L.T. (2021). Firms and Social Responsibility: A Review of ESG and CSR Research in Corporate Finance. Journal of Corporate Finance. 66 (Article 101889)
  • Nguyen, N., Gillan, S.L. (2018). Clawbacks, holdbacks, and CEO contracting. Journal of Applied Corporate Finance. 30 (1) 53-61. https://onlinelibrary.wiley.com/doi/abs/10.1111/jacf.12277
  • Gillan, S.L., Hartzell, J.C., Koch, A., Starks, L.T. (2018). Getting the incentives right: Backfilling and biases in Executive compensation data. Review Of Financial Studies. 31 (4) 1460-1468. https://api.elsevier.com/content/abstract/scopus_id/85045839479
  • Gillan, S.L., Nguyen, N.Q. (2016). Incentives, termination payments, and CEO contracting. Journal of Corporate Finance. 41 445-465. https://api.elsevier.com/content/abstract/scopus_id/84995607519
  • Cohn, J.B., Gillan, S.L., Hartzell, J.C. (2016). On Enhancing Shareholder Control: A (Dodd-) Frank Assessment of Proxy Access. Journal of Finance. 71 (4) 1623-1668. https://api.elsevier.com/content/abstract/scopus_id/84978431618
  • Gillan, S.L., Panasian, C.A. (2015). On Lawsuits, Corporate Governance, and Directors' and Officers' Liability Insurance. Journal of Risk and Insurance. 82 (4) 793-822. https://api.elsevier.com/content/abstract/scopus_id/84958743006
  • Gillan, S.L., Panasian, C.A. (2014). On litigation risk and disclosure complexity: Evidence from canadian firms cross-listed in the US. Other. 49 (4) 426-454. https://api.elsevier.com/content/abstract/scopus_id/84918818632
  • Fan, J.P., Gillan, S.L., Yu, X. (2013). Property rights, R&D spillovers, and corporate accounting transparency in China. Other. 15 34-56. https://api.elsevier.com/content/abstract/scopus_id/84877136716
  • Cashman, G.D., Gillan, S.L., Jun, C. (2012). Going overboard? On busy directors and firm value. Journal of Banking and Finance. 36 (12) 3248-3259. https://api.elsevier.com/content/abstract/scopus_id/84866883264
  • Gillan, S.L., Hartzell, J.C., Starks, L.T. (2011). Tradeoffs in Corporate Governance: Evidence from Board Structures and Charter Provisions. Other. 1 (4) 667-705. https://api.elsevier.com/content/abstract/scopus_id/84892993192
  • Gillan, S.L., Hartzell, J.C., Parrino, R. (2009). Explicit versus implicit contracts: Evidence from CEO employment agreements. Journal of Finance. 64 (4) 1629-1655. https://api.elsevier.com/content/abstract/scopus_id/68249158391
  • Gillan, S.L., Martin, J.D. (2007). Corporate governance post-Enron: Effective reforms, or closing the stable door?. Journal of Corporate Finance. 13 (5) 929-958. https://api.elsevier.com/content/abstract/scopus_id/36349002800
  • Bethel, J.E., Gillan, S.L. (2002). The impact of the institutional and regulatory environment on shareholder voting. Financial Management. 31 (4) 29-54. https://api.elsevier.com/content/abstract/scopus_id/0036946393
  • Gillan, S.L., Starks, L.T. (2000). Corporate governance proposals and shareholder activism: The role of institutional investors. Journal of Financial Economics. 57 (2) 275-305. https://api.elsevier.com/content/abstract/scopus_id/0000353081
  • Deli, D.N., Gillan, S.L. (2000). On the demand for independent and active audit committees. Journal of Corporate Finance. 6 (4) 427-445. https://api.elsevier.com/content/abstract/scopus_id/0041411712
  • Gillan, S.L., Kensinger, J.W., Martin, J.D. (2000). Value creation and corporate diversification: The case of Sears, Roebuck & Co.. Journal of Financial Economics. 55 (1) 103-137. https://api.elsevier.com/content/abstract/scopus_id/0033632922
  • Campbell, C.J., Gillan, S.L., Niden, C.M. (1999). Current perspectives on shareholder proposals: Lessons from the 1997 proxy season. Financial Management. 28 (1) 89-98. https://api.elsevier.com/content/abstract/scopus_id/0033440909

Presentations Given

    Invited Talk

  • Gillan, S. (Author & Presenter), Do Firms Cater to Investor Demand for Environmental Investment?, Universidad de Montevideo (Uruguay), Uruguay. (2021 - 2021).
  • Gillan, S. (Presenter), Rhodes, M. (Presenter), McCarry, J. (Presenter), COVID-19 Related Impacts to Financial Markets, Financial Executives International, Dallas, United States of America. (2020 - 2020).
  • Gillan, S. (Author & Presenter), Nguyen, N. (Author), Shareholder Voting on Golden Parachutes: Effective Governance or Too Little Too Late?, North Carolina State University, Raleigh, NC, United States of America. (2019 - 2019).
  • Gillan, S. (Author & Presenter), Nguyen, N. (Author), Shareholder Voting on Golden Parachutes: Effective Governance or Too Little Too Late?, University of Wisconsin Milwaukee, Milwaukee, WI, United States of America. (2019 - 2019).

    • Keynote/Plenary Address

  • Gillan, S.L. (Author & Presenter), Japanese Finance Association Annual conference, On Governance and ESG, Japanese Finance Association, Virtual, Japan. (2022 - 2022).

    • Paper

  • Nishikawa, T. (Author & Presenter), Nguyen, N.Q. (Author), Gillan, S.L. (Author), 2022 FMA Annual Conference, Heterogeneity in shareholder activism: Evidence from Japan, Financial Management Association, Virtual, United States of America. (2022 - 2022).
  • Nguyen, N. (Author & Presenter), Gillan, S. (Author), Nishikawa (Author), JFA-PBFJ Special Issue Conference, Heterogeneity in Shareholder Activism: Evidence from Japan, Japan. (2022 - 2022).
  • Gillan, S. (Author), Do Firms Cater to Investor Demand for Environmental and Social Responsibility?, EDHEC Business School, France. (2021 - 2021).
  • Nguyen, N. (Author & Presenter), Gillan, S. (Author), FIREL department seminar, Shareholder Voting on Golden Parachutes: Effective Governance or Too Little Too Late?, United States of America. (2020 - 2020).
  • Nguyen, N. (Author & Presenter), Gillan, S. (Author), Financial Management Association annual meeting, When shareholders and managers disagree: Evidence from shareholder voting, United States of America. (2018 - 2018).
  • Nguyen, N. (Author), Gillan, S. (Author & Presenter), American University seminar, When shareholders and managers disagree: Evidence from shareholder voting, United States of America. (2017 - 2017).
  • Nguyen, N. (Author & Presenter), Gillan, S. (Author), Financial Management Association annual meeting, On the labor market for Chief Financial Officers, United States of America. (2017 - 2017).
  • Nguyen, N. (Author & Presenter), Gillan, S. (Author), Midwest Financial Association annual meeting, When shareholders and managers disagree: Evidence from shareholder voting, United States of America. (2017 - 2017).
  • Nguyen, N. (Author), Gillan, S. (Author & Presenter), Chinese University of Hong Kong seminar, Incentives, termination payments, and CEO contracting, United States of America. (2016 - 2016).
  • Nguyen, N. (Author & Presenter), Gillan, S. (Author), Financial Management Association annual meeting, Incentives, termination payments, and CEO contracting, United States of America. (2016 - 2016).
  • Nguyen, N. (Author & Presenter), Gillan, S. (Author), Midwest Financial Association annual meeting, On the labor market for Chief Financial Officers, United States of America. (2016 - 2016).
  • Nguyen, N. (Author & Presenter), Gillan, S. (Author), Midwest Financial Association annual meeting, Incentives, termination payments, and CEO contracting, United States of America. (2015 - 2015).
  • Nguyen, N. (Author), Gillan, S. (Author & Presenter), University of Rochester seminar, Incentives, termination payments, and CEO contracting, United States of America. (2014 - 2014).
  • Nguyen, N. (Author), Gillan, S. (Author & Presenter), Georgia State University seminar, Incentives, termination payments, and CEO contracting, United States of America. (2012 - 2012).

    • Professional Meeting Contribution

  • Gillan, S. (Author & Presenter), Panasian, C. (Author), Muenkel, F. (Author), Financial Management Association International Annual Meeting, Voting Matters: Evidence from S&P 500 Index Additions, Financial Management Association International, New Orleans, LA, United States of America. (2019 - 2019).

Service

University Service

  • Committee Member, Faculty recruiting committee (Head of Department). (October 2023 - Present).
  • Committee Member, Masters in Finance Committee. (August 31, 2022 - Present).
  • Member, Mentor. (August 31, 2021 - Present).
  • Committee Member, RCOB Faculty Research committee. (December 2022 - December 2024).
  • Other (Coordinator), Hosted research scholar. (November 29, 2023 - December 1, 2023).
  • Member, Mentor. (August 31, 2021 - August 31, 2023).
  • Member, Doctoral Committee. (2021 - 2022).
  • Committee Member, Faculty recruiting committee (tenure track). (September 2020 - 2022).
  • Chairperson, RCOB Faculty Research committee. (September 2020 - December 2022).
  • Member, FIREL executive committee. (September 2020 - September 2022).
  • Committee Member, FIREL personnel affairs committee. (September 2020 - September 2022).
  • Co-Chair, Ad hoc Department Research Plan Committee. (2021 - 2021).
  • Attendee, Meeting, Recruiting (clinical). (2021 - 2021).

Professional Service

  • Discussant, Journal of Corporate Finance Special Issue Conference on Ownership and Corporate Social and Sustainable Policies. (2023 - Present).
  • Editor, Guest Editor, Journal of Corporate Finance Special Issue Conference on Ownership and Corporate Social and Sustainable Policies. (2023 - Present).
  • Session Chair, Journal of Corporate Finance Special Issue Conference on Ownership and Corporate Social and Sustainable Policies. (2023 - Present).
  • Reviewer, Conference Paper, CSR, the Economy and Financial Markets. (2023 - 2023).
  • Reviewer, Journal Article, Financial Management. (2023 - 2023).
  • Reviewer, Journal Article, Financial Management. (2023 - 2023).
  • Reviewer, Journal Article, Global Finance Journal. (2023 - 2023).
  • Reviewer, Journal Article, Journal of Corporate Finance. (2023 - 2023).
  • Reviewer, Journal Article, Journal of Corporate Finance. (2023 - 2023).
  • Reviewer, Journal Article, Journal of Corporate Finance. (2023 - 2023).
  • Committee Member, Journal of Corporate Finance Special Issue Conference on Ownership and Corporate Social and Sustainable Policies. (2023 - 2023).
  • Reviewer, Journal Article, Journal of Financial and Quantitative Analysis. (2023 - 2023).
  • Reviewer, Journal Article, Contemporary Accounting Research. (2022 - 2022).
  • Attendee, Meeting, FIREL Seminar Series. (2022 - 2022).
  • Reviewer, Journal Article, Journal of Corporate Finance. (2022 - 2022).
  • Reviewer, Journal Article, Journal of Corporate Finance. (2022 - 2022).
  • Reviewer, Journal Article, Journal of Financial and Quantitative Analysis. (2022 - 2022).
  • Conference-Related, Financial Management Association. (2021 - 2021).
  • Discussant, Financial Management Association International. (2021 - 2021).
  • Reviewer, Journal Article, Journal of Corporate Finance. (2021 - 2021).
  • Reviewer, Journal Article, Journal of Corporate Finance. (2021 - 2021).
  • Reviewer, Journal Article, Journal of Financial and Quantitative Analysis. (2021 - 2021).
  • Reviewer, Conference Paper, Midwest Finance Assocaiation. (2021 - 2021).
  • Reviewer, Journal Article, Review of Financial Studies. (2021 - 2021).
  • Reviewer, Ad Hoc Reviewer, University of New Hampshire. (2021 - 2021).
  • Reviewer, Ad Hoc Reviewer, University of Waterloo. (2021 - 2021).
  • Reviewer, Conference Paper, SFS Cavalcade. (January 2021 - January 2021).
  • Reviewer, Journal Article, Management Science. (2020 - 2020).
  • Track Organizer, Midwest Finance Association Annual Meeting. (2020 - 2020).
  • Reviewer, Journal Article, Review of Financial Economics. (2020 - 2020).
  • Reviewer, Journal Article, Review of Financial Studies. (2020 - 2020).
  • Reviewer, Ad Hoc Reviewer, Various. (2020).
  • Reviewer, Conference Paper, Lonestar Finance Symposium. Denton, TX. (September 18, 2020 - September 18, 2020).
  • Track Organizer, Financial Management Association International Annual Meeting. (2019 - 2019).