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James R. Brown

Title: Kingland Systems MBA Professor and Chair, Department of Finance / Professor of Finance
Department: Administration / Finance

Office: 2333 Gerdin Business Building
Phone number: (515) 294-4668

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Academic History

  • PhD, Economics, Washington University- St. Louis, 2004
  • M.S., Economics, University of Kentucky, 1999
  • B.A., Economics, Transylvania University, 1996

Expertise

  • Financing R&D and Innovation; Law and Finance; Financial Markets and Economic Performance; Corporate Liquidity Management and Investment Volatility; Private Equity and Entrepreneurial Finance

Awards

MBA Executive Advisory Council Teaching Excellence Award 2022
Dean's Council Outstanding Achievement in Research 2020
Mid-career Achievement in Research 2018
MBA Executive Advisory Council Teaching Excellence Award 2016
Best Paper in Financial Markets, Financial Management Association Annual Meeting 2015
Faculty Research Award 2017
Faculty Research Award 2013
Dean's Advisory Council Faculty Research Award 2010

Selected Publications

  • James R. Brown, Gustav Martinsson, and Bruce C. Petersen "The Growth of Finance is Not Remarkable", Journal of Financial and Quantitative Analysis, :accepted. Link to Paper
  • James R. Brown, Gustav Martinsson, and Christian Thomann "Can Environmental Policy Encourage Technical Change? Emissions Taxes and R&D Investment in Polluting Firms", Review of Financial Studies, :accepted. Link to Paper
  • James R. Brown, Gustav Martinsson, and Christian Thomann (2021) "Government Lending in a Crisis", Journal of Corporate Finance, 71Link to Paper
  • James R. Brown, Matthew Gustafson and Ivan Ivanov (2021) "Weathering Cash Flow Shocks", Journal of Finance, 6 (4):1731-1772. Link to Paper
  • James R. Brown, Robert Carpenter and Bruce C. Petersen (2019) "The Temporary Shutdown Decision: Lessons from the Great Recession", Managerial and Decision Economics, 40 (7):772-786. Link to Paper
  • James R. Brown, J. Anthony Cookson, and Rawley Heimer (2019) "Growing Up Without Finance", Journal of Financial Economics, 134 (3):591-616. Link to Paper
  • James R. Brown and Gustav Martinsson (2019) "Does Transparency Stifle or Facilitate Innovation?", Management Science, 65 (4):1600-1623. Link to Paper
  • James R. Brown, J. Anthony Cookson, and Rawley Heimer (2017) "Courting Economic Development", 30:S176-S187. Link to Paper
  • James R. Brown, J. Anthony Cookson, and Rawley Heimer (2017) "Law and Finance Matter: Lessons from Externally Imposed Courts", Review of Financial Studies, 30 (3):1019-1051. Link to Paper
  • James R. Brown, Gustav Martinsson, and Bruce C. Petersen (2017) "Stock Markets, Credit Markets, and Technology-Led Growth", Journal of Financial Intermediation, 32:45-59. Link to Paper
  • James R. Brown, Gustav Martinsson, and Bruce C. Petersen (2017) "What Promotes R&D? Comparative Evidence from Around the World", Research Policy, 46 (2):447-462. Link to Paper
  • James R. Brown and Bruce Petersen (2015) "Which Investments Do Firms Protect? Liquidity Management and Real Adjustments When Access to Finance Declines Sharply", Journal of Financial Intermediation, 24 (4):441-465. Link to Paper
  • James R. Brown, Gustav Martinsson, and Bruce Petersen (2013) "Law, Stock Markets, and Innovation", Journal of Finance, 68 (4):1517-1549. Link to Paper
  • Ginka Borisova and James R. Brown (2013) "R&D Sensitivity to Asset Sale Proceeds: New Evidence on Financing Constraints and Intangible Investment", Journal of Banking and Finance, 37 (1):159-173. Link to Paper
  • James R. Brown, Gustav Martinsson, and Bruce Petersen (2012) "Do Financing Constraints Matter for R&D?", European Economic Review, 56:1512-1529. Link to Paper
  • James R. Brown and Ioannis V. Floros (2012) "Access to Private Equity and Real Firm Activity: Evidence from PIPEs", Journal of Corporate Finance, 18 (1):151-165. Link to Paper
  • James R. Brown and Bruce Petersen (2011) "Cash Holdings and R&D Smoothing", Journal of Corporate Finance, 17 (3)Link to Paper
  • James R. Brown, Dino Falaschetti and Michael Orlando (2010) "Auditor Independence and the Quality of Information in Financial Disclosures: Evidence for Market Discipline vs. Sarbanes-Oxley Proscriptions", American Law and Economics Review, 12 (1):39-68. Link to Paper
  • James R. Brown, Lauren Lax and Bruce Petersen (2010) "Financial Market Crises and Natural Resource Production", 10 (1):93-124. Link to Paper
  • James R. Brown and Bruce Petersen (2010) "Public Entrants, Public Equity Finance and Creative Destruction", Journal of Banking and Finance, 34 (5):1077-1088. Link to Paper
  • James R. Brown, Steven Fazzari and Bruce Petersen (2009) "Financing Innovation and Growth: Cash Flow, External Equity and the 1990s R&D Boom", Journal of Finance, 64 (1):151-185. Link to Paper
  • James R. Brown and Bruce Petersen (2009) "Why Has the Investment-Cash Flow Sensitivity Declined so Sharply? Rising R&D and Equity Market Developments", Journal of Banking and Finance, 33 (5):971-984. Link to Paper
  • James R. Brown (2005) "Venture Capital and Firm Performance over the Long-Run: Evidence from High-Tech IPOs in the United States", 10 (3):1-33. Link to Paper