MurilloCampello December 2020 Samuel Curtis JohnsonGraduateSchoo lofManagementPho ne:(607) 255-1282 CornellUniversityE-mail:[email protected] 381SageHall Ithaca,NY14853-6201 CurrentAppointments 2011—:LewisH.DurlandProfessorofFinance,JohnsonSchool,CornellUniversity 2010—:ResearchAssociate,NationalBureau ofEconomicResearch(CorporateFinance) 2018—2020:AcademicDirector,FinancialManagementAssociation PastAppointmentsandVisits 2019,2020(SpringSemester):VisitingProfessorofFinance,UniversityNovadeLisboa 2017 (SpringSemester):VisitingProfessorofFinance,UniversityofCambridge 2014(March), 2016(FallSemester):Visitin gProfessorofFinance,ColumbiaUniversity 2009—2011, 2013—2015, 2019(May/June):VisitingProfessorofFinance,UniversityofAmsterdam 2013,2014(July):VisitingProfessorofFinance,ChineseUniversityofHongKong 2013,2015(September):VisitingScholar,FederalReserveBank ofNewYork 2016 (September):VisitingScholar,FederalReserveBankBoardofGovernors(D.C.) 2014,2015(July):VisitingProfessorofFinance,University ofQueensland 2015,2016, 2017,2018, 2019(November):Visitin gProfessorofFinance,University ofManchester 2006—2010:FacultyResearchFellow,NationalBureauofEconomicResearch(CorporateFinance) 2009—2011:Alan andJoyceBaltzProfessorofFinance,UniversityofIllinois 2008—2009: I.B.E.ProfessorofFinance,University of Illinois 2006—2008:AssociateProfessorofFinance,University of Illinois 2002—2006:AssistantProfessorofFinance,UniversityofIllinois 2001—2002:AssistantProfessorofFinance,MichiganStateUniversity 2000—2001:AssistantProfessorofFinance,ArizonaStateUniversity Education Ph.D.inFinance,UniversityofIllinois, 2000 M.Sc.inBusinessAdministration,Ponti ficalCatholicUniversity ofRiodeJaneiro,1994 B.A.inEconomics,FederalUniversityofRio de Janeiro, 1991 Honors andAwards “RisingStar” inFinance(NYU-Stern/Renssalaer),2010 DistinguishedRefereeAward( Review of FinancialStudies ), 2010,2011 BrattlePrize Finalist( JournalofFinance ), 2002,2004 GoldmanSachs Prize Winner( Review of Finance), 2007 BestPaperAward(NapaConferenceonFinancialMarketsResearch),2010 BestPaperAward(FMAEuropeanMeetings), 2011 BestPaperAward(BrazilianEconometricSocietyMeeting),2014 BestPaperAward( Review of CorporateFinanceStudies ), 2014 AnnualFacultyResearchAward,Johnson School,Cornell University,2012 Publications InternalCapitalMarkets inFinancialConglomerates:Evidence fromSmallBankResponses to • MonetaryPolicy, JournalofFinance ,2002(57), 2773-2805. CapitalStructure andProductMarketsInteractions:Evidence fromBusinessCycles, Journalof • FinancialEconomics ,2003(68), 353-378. TheCashFlowSensitivityofCash (withH.Almeida andM.Weisbach), JournalofFinance , 2004 • (59),1777-1804. WhoHerds?(withD.BernhardtandE.Kutsoati), JournalofFinancialEconomics, 2006 (80), • 657-675. DebtFinancing:Does itHurt orBoostFirmPerformance inProductMarkets? Journalof • FinancialEconomics, 2006(82),135-172. TheFinancialAccelerator:EvidenceFrom InternationalHousingMarkets(withH.Almeidaand • C.Liu), Review ofFinance ,2006(10), 1-32.[ LeadArticle. ] Firm BalanceSheetsandMonetaryPolicyTransmission(withA. Ashcraft), JournalofMonetary • Economics, 2007 (54),1515-1526 . [LeadArticle. ] TheDynamicsofEarningsForecastManagement(withD.Bernhardt), ReviewofFinance , 2007 • (11),287-324. FinancialConstraints,AssetTangibility, andCorporate Investment (withH.Almeida), Reviewof • FinancialStudies ,2007(20), 1429-1460. IsCashNegativeDebt?AHedgingPerspectiveonCorporateFinancialPolicies(withV.Acharya • andH.Almeida), JournalofFinancial Intermediation ,2007(16), 515-554. ExpectedReturns,YieldSpreads,andAssetPricingTests(withL.Chen andL.Zhang), Review • of FinancialStudies ,2008(21), 1297-1338. AreFinancialConstraintsPriced?EvidencefromFirmFundamentalsandEquityReturns (with • L.Chen), JournalofMoney,Creditand Banking ,2010(42), 1185-1198. FinancingFrictions andthe SubstitutionBetwee nInternalandExternalFunds(withH.Almeida), • JournalofFinancial andQuantitativeAnalysis ,2010(45), 586-622. TheRealE ffectsof FinancialConstraints:Evidencef romaFinancialCrisis(withJ.Graham and • C. Harvey), JournalofFinancialEconomics ,2010(97), 470-487.[ JFEAll-StarPaper. ] 2 MeasurementErrorsinInvestmentEquations(withH.AlmeidaandA.Galvao), ReviewofFinan- • cial Studies,2010(23), 3279-3328.[ LeadArticle. ] LiquidityManagementandFirm Investmentina FinancialCrisis(withJ.Graham,E.Giambona, • andC.Harvey), ReviewofFinancialStudies ,2011(24), 1944-1979. CorporateFinancial andInvestmentPolicieswhenFutureFinancing is notFrictionless (withH. • AlmeidaandM.Weisbach), JournalofCorporate Finance ,2011(17), 675-693.[ LeadArticle. ] TheRealand FinancialImplicationsof CorporateHedging(withC.Lin,Y.Ma,andH.Zou), • JournalofFinance ,2011(66), 1613-1645. LiquidityMergers (withH.Almeida andD.Hackbarth), JournalofFinancial Economics , 2011 • (102), 526-558. CorporateDebtMaturityand theRealE ffects of the2007CreditCrisis(withH.Almeida,B. • Laranjeira,andS.Weisbenner), CriticalFinanceReview ,2012(1),3Lea-5d8A.rt[icle. ] Access toLiquidityandCorporateInvestmentinEuropeDuringtheFinancialCrisis(withJ. • Graham,E.Giambona, andC.Harvey), Review ofFinance, 2012(16),323-346.[ LeadArticle. ] TheFirm-LevelCreditMultiplier(withD.Hackbarth), JournalofFinancial Intermediation , 2012 • (21),446-472. CreditDefaultSwaps andRiskShifting(withR.Matta), EconomicsLetters,2012 (117), 639-641. • DoStockPricesIn fluenceCorporate Decisions? EvidencefromtheTechnologyBubble(withJ. • Graham), JournalofFinancialEconomics ,2013(107),89-110. AggregateRiskand theChoicebetweenCash andLinesofCredit (withV.Acharya andH. • Almeida), JournalofFinance ,2013 (68),2059-2116 . RealAssetsandCapitalStructure (withE.Giambona), JournalofFinancial andQuantitative • Analysis ,2013(48), 1333-1370.[ LeadArticle. ] Is theStockMarketJustaSideShow?Evidence fromaStructuralReform(withR.RibasandA. • Wang), Review of CorporateFinance Studies,2014(3),1L-e3a8dA.r[ticle. ] EnlargingtheContractingSpace:CollateralMenus,Access toCredit,andEconomicActivity • (withM.Larrain), Review ofFinancialStudies ,2016 (29),349-383 . CustomerConcentrationandLoanContractTerms(withJ.Gao), JournalofFinancialEconomics , • 2017(123), 108-136. Whistle-blowersontheBoard?TheRoleofIndependentDirectorsinCartelProsecutions (with • D.FerresandG.Ormazabal), JournalofLaw andEconomics , 2017(60),241-268. Bankruptcy andTheCost ofOrganizedLabor:EvidencefromUnionElections(withJ.Gao,J. • Qiu,andY.Zhang), ReviewofFinancialStudies 2018 (31),980-1013. Testing forSlopeHeterogeneityBiasinPanelDataModels (withA.GalvaoandT.Juhl), Journal • ofBusinessEconomicsandStatistics 2019(37), 749-760. RenegotiationFrictionsandFinancialDistressResolution:EvidencefromCDSSpreads (withT. • Ladika andR.Matta), ReviewofFinance 2019(23),513-556. 3 Access toCollateraland theDemocratization ofCredit:France’sReformoftheNapoleonicSecurity • Code(withK.Aretz andM.Marchica), JournalofFinance ,2020(75), 45-90 . InvestmentRisk,CDS Insurance,andFirmFinancing (withR.Matta), forthcoming, European • EconomicReview. BookChapters andMonographs TheBigFreeze(withJ.Graham andC.Harvey) inManaging inaDownturn ,Harlow,UK:Pearson • EducationLimited,2009, 14-21. TheLong-TermCost of theFinancialCrisis (withJ.GrahamandC.Harvey)inLessonsfrom the • FinancialCrisis ,ed.RobertKolb,Hoboken,New Jersey:JohnWileyand Sons,2010, 525-536. LinesofCreditandInvestmentin Europe:Evidencefromthe FinancialCrisis,(withE.Giambona, • J.Graham,andC.Harvey), inGoingforGrowth:TheRole ofFinancialIntermediaries andFinancialMarketsintheFinancingofFirms ,ed.RobertoGuida andAntonioMele,Bologna,Italy: IlMulino,2012( in Italian). Assessing thePerformance ofEstimators forModelswithMeasurementErrors (withH.Almeida • andA.Galvao) inHandbook of FinancialEconometric andStatistics ,ed. Cheng-FewLee,NewYork: Elsevier,2014. CorporateLiquidityManagement:AConceptu alFrameworkand Survey (withH.Almeida,I. • Cunha, andM.Weisbach) inAnnualReviewofFinancialEconomics ,2014. WorkingPapers DoRealEstateValuesBoostCorporateBorrowing?EvidencefromContract-LevelData(withR. • Connolly,G.Kankanhalli,andE. Steiner),Reviseand Resubmit, JournalofFinancial Economics. GlobalE ffectsoftheBrexitReferendum:Evidence fromUSCorporations (withG.Cortes,G. • Kankanhalli,andF. d’Almeida),Reviseand Resubmit, JournalofFinancialandQuantitativeAnalysis. TheRiseoftheEquityLendingMarket: Implications forCorporatePolicies(withR.Mattaand • P.Sa ffi) CapitalComposition andProductivityunderUncertainty:Evidence from theShippingIndustry • (withG.Kankanhalli andH.Kim) PersonalTaxesandLaborDownskilling:Evidence from 27MillionJobPostings (withJ.Gao and • Q.Xu) CorporateHiringunderCOVID-19:LaborMarketConcentration,Downskilling,andIncomeIn- • equality(withG.Kankanhalli andP.Muthukrishnan) JournalEditorialAppointments ManagingEditor, JournalofFinancial Intermediation ,2013—present GuestEditor,SpecialIssue, JournalofCorporate Finance ,2012 AssociateEditor, Review ofFinancialStudies ,2007—2010 AssociateEditor, JournalofFinancial Intermediation ,2008—2013 4 AssociateEditor, JournalofFinancial andQuantitativeAnalysis ,2011—present AssociateEditor, Critical FinanceReview ,2010—present RefereeingActivities AdHocReferee, AmericanEconomicReview,Econometrica,QuarterlyJournal ofEconomics, Jour- nalofPoliticalEconomy,JournalofFinancialEconomics, JournalofFinance,ReviewofFinancial Studies,Reviewof Economic Studies,JournalofMonetaryEconomics,ReviewofEconomics andSta- tistics, JournalofFinancial andQuantitativeAnalysis, JournalofMoney,CreditandBanking, Journal ofFinancialIntermediation, Economic Journal, EconomicsLetters,EconomicTheory,Review ofFi- nance, FinancialManagement, JournalofCorporate Finance GrantReviewer,NationalScienceFoundation,SocialSciencesandHumanitiesResearchCouncil