Faculty Profile

Stuart Gillan

Title
Professor
Department
Finance, Insurance, Real Estate and Law
College
College of Business

    

    

      


                          

            
Curriculum Vitae

            

              Click Here to View Faculty CV
            

          

        
                          

            
Education

            



  

  


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





          

        
                

          
Current Scheduled Teaching*


          
FINA 6950.701, Doctoral Dissertation, Spring 2024 
FINA 5340.001, Mergers and Acquisitions, Spring 2024 Syllabus


          
*
  Texas Education Code 51.974 (HB 2504) requires each institution of
  higher education to make available to the public, a syllabus for
  undergraduate lecture courses offered for credit by the institution.
  

        

      

    

  


    

    

      


        


          


            
Previous Scheduled Teaching*


            
                    

                    FINA 6010.001, Seminar in Business Administration, Fall 2023 Syllabus
                    

                    FINA 5330.001, Sustainable Finance, Fall 2023 Syllabus SPOT
                    

                    FINA 5340.001, Mergers and Acquisitions, Spring 2023 Syllabus SPOT
                    

                    FINA 6010.001, Seminar in Business Administration, Fall 2022 Syllabus
                    

                    FINA 4330.001, Sustainable Finance, Fall 2022 Syllabus SPOT
                    

                    FINA 5330.001, Sustainable Finance, Fall 2022 Syllabus SPOT
                    

                    FINA 5340.001, Mergers and Acquisitions, Spring 2022 Syllabus SPOT
                    

                    FINA 4650.002, Special Topics in Finance, Spring 2022 Syllabus SPOT
                    

                    FINA 5330.001, Sustainable Finance, Spring 2022 Syllabus SPOT
                    

                    FINA 6010.001, Seminar in Business Administration, Fall 2021  SPOT
                    

                    FINA 5340.001, Mergers and Acquisitions, Spring 2021 Syllabus SPOT
                    

                    FINA 4650.002, Special Topics in Finance, Spring 2021 Syllabus SPOT

          


          
*
  Texas Education Code 51.974 (HB 2504) requires each institution of
  higher education to make available to the public, a syllabus for
  undergraduate lecture courses offered for credit by the institution.
  

        

      

    

  

  
  	

	

	  

		

		   
Published Publications



  

  
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



	
		
		
	  

	

	

  
    
	

	

	  

		

		   	
		
		
	  

	

	

	
	

  
  
  

  	

		

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					Overall
Summative Rating		
					Challenge and
Engagement Index		
					Response Rate
					
				

			
			
				

					
					
out of 5		
					
out of 7		
					%
 of 
students responded		
					
					
				

			
		


		
    
			
  • Overall Summative Rating (median):
    
			This rating represents the combined responses of students to the four global summative items and is presented to provide an overall index of the class’s quality. Overall summative statements include the following (response options include a Likert scale ranging from 5 = Excellent, 3 = Good, and 1= Very poor):
				
      
					
    • The course as a whole was
      • 
					
    • The course content was
      • 
					
    • The instructor’s contribution to the course was
      • 
					
    • The instructor’s effectiveness in teaching the subject matter was
      • 
				
    
			
    • 
			
  • Challenge and Engagement Index:
    
			This rating combines student responses to several SPOT items relating to how academically challenging students found the course to be and how engaged they were. Challenge and Engagement Index items include the following (response options include a Likert scale ranging from 7 = Much higher, 4 = Average, and 1 = Much lower):
				
      
					
    • Do you expect your grade in this course to be
      • 
					
    • The intellectual challenge presented was
      • 
					
    • The amount of effort you put into this course was
      • 
					
    • The amount of effort to succeed in this course was
      • 
					
    • Your involvement in course (doing assignments, attending classes, etc.) was
      • 
				
    
			
    • 
		

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