SelectedWorks - James R. Brown

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Selected Works of James R. Brown

Kingland MBA Professor; Department Chair; Professor of Finance

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

Works
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About James R. Brown

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

Present	Kingland MBA Professor, Iowa State University
Institution Organization Position Type Position Title Time Period to Options Current Position Affiliate my profile with this Institution

Entrepreneurial and Small Business Operations, Finance and Financial Management, and Law and Economics

MBA Executive Advisory Council Teaching Excellence Award, 2016
Best Paper in Financial Markets, Financial Management Association Annual Meeting, 2015
Dean's Advisory Council Faculty Research Award, 2013
Dean's Advisory Council Faculty Research Award, 2010

Brown, James

Office

2333 Gerdin

2167 Union Dr

Ames, IA 50011-2027

Email:

http://orcid.org/0000-0002-8947-4821

Peer-Reviewed Articles (22)

Weathering Cash Flow Shocks

Journal of Finance (2020)

James R. Brown, Matthew Gustafson and Ivan Ivanov

Unexpectedly severe winter weather, which is arguably exogenous to firm and bank fundamentals, represents a significant cash flow shock for ...

Growing up without finance

Journal of Financial Economics (2019)

James R. Brown, J. Anthony Cookson and Rawley Z. Heimer

Early life exposure to local financial institutions increases household financial inclusion and leads to long-term improvements in consumer credit outcomes. ...

The temporary shutdown decision: Lessons from the Great Recession

Managerial and Decision Economics (2019)

James R. Brown, Robert E. Carpenter and Bruce C. Petersen

The temporary shutdown condition provides guidance on dealing with a serious transitory downturn in demand. The traditional condition says managers ...

Does Transparency Stifle or Facilitate Innovation?

Management Science (2019)

James R. Brown and Gustav Martinsson

Corporate transparency reduces information asymmetries between firms and capital markets but increases the costs associated with information leakage to competitors. ...

Stock markets, credit markets, and technology-led growth

Journal of Financial Intermediation (2017)

James R. Brown, Gustav Martinsson and Bruce C. Petersen

The high-tech sector accounts for the majority of corporate innovation in modern economies. In a sample of 38 countries, we ...

Courting Economic Development

The World Bank Economic Review (2017)

James R. Brown, J. Anthony Cookson and Rawley Z. Heimer

We show that court enforcement uncertainty hinders economic development using sharp variation in judiciaries across Native American reservations in the ...

What promotes R&D? Comparative evidence from around the world

Research Policy (2017)

James R. Brown, Gustav Martinsson and Bruce C. Petersen

R&D; drives innovation and productivity growth, but appropriability problems and financing difficulties likely keep R&D; investment well below the socially ...

Law and Finance Matter: Lessons from Externally Imposed Courts

The Review of Financial Studies (2016)

James R. Brown, J. Anthony Cookson and Rawley Z. Heimer

This paper provides novel evidence on the real and financial market effects of legal institutions. Our analysis exploits persistent and ...

Which Investments Do Firms Protect? Liquidity Management and Real Adjustments ...

Journal of Financial Intermediation (2014)

James R. Brown and Bruce C. Petersen

We study how firms engaged in both R&D and fixed investment manage liquidity and adjust real investment during the recent ...

Law, Stock Markets, and Innovation

The Journal of Finance (2013)

James R. Brown, Gustav Martinsson and Bruce C. Petersen

We study a broad sample of firms across 32 countries and find that strong shareholder protections and better access to ...

R&D sensitivity to asset sale proceeds: New evidence on financing ...

Journal of Banking & Finance (2013)

Ginka Borisova and James R. Brown

We examine the intersection between corporate divestitures of tangible assets and investment in intangible capital (R&D) to provide new tests ...

Do Financing Constraints Matter for R&D?

European Economic Review (2012)

James R. Brown, Gustav Martinsson and Bruce C. Petersen

Information problems and lack of collateral value should make R&D more susceptible to financing frictions than other investments, yet existing ...

Access to private equity and real firm activity: Evidence from ...

Journal of Corporate Finance (2012)

James R. Brown and Ioannis V. Floros

Cash holdings and R&D smoothing

Journal of Corporate Finance (2011)

James R. Brown and Bruce C. Petersen

The sharp increase in R&D investment in recent decades has important but unexplored implications for corporate liquidity management. Because R&D ...

Financial Market Crises and Natural Resource Production

International Review of Finance (2010)

James R. Brown, Lauren C. Lax and Bruce C. Petersen

During a financial crisis, the loss of access to world capital markets may force heavily indebted countries to accelerate their ...

Public entrants, public equity finance and creative destruction

Journal of Banking & Finance (2010)

James R. Brown and Bruce C. Petersen

We explore the importance of new public firms and public equity finance for R&D and creative destruction in the U.S. ...

Contribution to Book

An Examination of Financial Patterns Using the Survey of Small ...

Small Business in Focus: Finance (2009)

George W. Haynes and James R. Brown

The substantial growth in the number of small businesses over the past decade has increased the demand for debt and ...

Contribution to Book

How Strong is the Link between Internal Finance & Small ...

Small Business in Focus: Finance (2009)

George W. Haynes and James R. Brown

While a vast literature exists examining the link between firm investment and cash flow, few studies have examined the link ...

Why has the investment-cash flow sensitivity declined so sharply? Rising ...

Journal of Banking & Finance (2009)

James R. Brown and Bruce C. Petersen

The study of the investment-cash flow (ICF) sensitivity constitutes one of the largest literatures in corporate finance, yet little is ...

Financing Innovation and Growth: Cash Flow, External Equity, and the ...

The Journal of Finance (2009)

James R. Brown, Steven M. Fazzari and Bruce C. Petersen

The financing of R&D provides a potentially important channel to link finance and economic growth, but there is no direct ...

Auditor Independence and Earnings Quality: Evidence for Market Discipline vs ...

American Law and Economics Review (2006)

James R. Brown, Dino Falaschetti and Michael J. Orlando

Does auditor independence improve earnings quality and, if so, is regulation necessary to realize such improvements? Popular characterizations of recent ...

Venture Capital and Firm Performance Over the Long-Run: Evidence from ...

The Journal of Entrepreneurial Finance (2005)

Despite widespread interest in the key role that venture capital plays in financing young, high-tech firms, little is known about ...