Peter Iliev

Associate Professor of Finance
Department: Finance
Office: 348 Business Building
Phone: 814-863-5456
Fax: 814-865-3362
Member of Faculty Since: 2008


Peter Iliev is an Associate Professor of Finance at the Smeal College of Business, Pennsylvania State University, where he teaches financial management. He received his Ph.D. in Economics from Brown University, and he held an appointment as Financial Economist with the U.S. Securities and Exchange Commission in Washington, DC. His research interests include financial regulation, corporate governance, and corporate finance. His research has appeared in the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, and the Journal of Accounting Research, and has also been covered in the Wall Street Journal, NPR Marketplace, the Washington Post, the Dallas Morning News, and Bloomberg. Besides research and teaching, Peter enjoys playing tennis, biking to work, and spending time with his family.


Corporate Finance, Corporate Governance, Financial Regulation.

Publication List

Matthew Gustafson and Peter Iliev, "The effects of removing barriers to equity issuance", Journal of Financial Economics, 2017, 124, 580-598.

Charles Cao, Peter Iliev and Raisa Velthuis, "Style Drift: Evidence from Small-Cap Mutual Funds", Journal of Banking and Finance, 2017, 78, 42-57.

Iliev, Peter, Karl Lins, Darius Miller and Lukas Roth, "Shareholder Voting and Corporate Governance Around the World", Review of Financial Studies, 2015, 28 (8), 2167-2202.

Peter Iliev and Michelle Lowry, "Are Mutual Funds Active Voters?", Review of Financial Studies, 2015, 28 (2), 446-485.

Peter Iliev, Darius Miller and Lukas Roth, "Uninvited U.S. Investors? Economic Consequences of Involuntary Cross-listings", Journal of Accounting Research, 2014, 52 (2), 473-519.

Peter Iliev and Ivo Welch, "A Model of Operational Slack: The Short-Run, Medium-Run, and Long-Run Consequences of Limited Attention", Journal of Law, Economics, and Organization, 2013, 29 (1), 2-34.

Peter Iliev, "The Effect of SOX Section 404: Costs, Earnings Quality and Stock Prices", Journal of Finance, 2010, 65 (3), 1163-1196.