Egor Matveyev

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Egor Matveyev

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Egor Matveyev is a Senior Lecturer and Research Scientist in Finance at the MIT Sloan School of Management.

His research interests are in the fields of corporate finance, organizational economics, and corporate governance. Matveyev’s work has studied corporate director labor markets, the impact of management teams and CEOs on firm value and performance, and the challenges investors face in valuing firms’ investment options. At MIT Sloan, he teaches 15.401 Managerial Finance and 15.434 Advanced Corporate Finance.

Matveyev holds an MA in Economics from the New Economic School in Moscow and a PhD in Finance from the University of Rochester.

Current Research Focus: Matveyev’s current research focus is corporate finance, with a particular interest in the role of top corporate executives in creating firm value and its implications for executive compensation and the design of corporate governance systems. Current research projects include measuring the value of CEOs, allocation of executive skill across firms, and the role of non-pay job characteristics in the executive and director labor markets. 

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Featured Publication

"Good and Bad CEOs."

Jenter, Dirk, Egor Matveyev, and Lukas Roth, MIT Sloan Working Paper 6948-23. Cambridge, MA: MIT Sloan School of Management, July 2023.

Featured Publication

"The Effects of Spending Rules and Asset Allocation on Non-Profit Endowments."

Halem, Zachary, Andrew W. Lo, Egor Matveyev, and Sarah Quraishi. The Journal of Portfolio Management Vol. 49, No. 1 (2022): 81-106. Earlier version. Online Appendix.

"Optimal Capital Structure with Imperfect Competition."

Matveyev, Egor and Alexei Zhdanov. Review of Corporate Finance Studies Vol. 11, No. 2 (2022): 314-363. Earlier version.

"The Risk, Reward, and Asset Allocation of Nonprofit Endowment Funds."

Lo, Andrew W., Egor Matveyev, and Stefan Zeume, MIT Sloan Working Paper 6163-20. Cambridge, MA: MIT Sloan School of Management, February 2021.

"Does the Market Correctly Value Investment Options?"

Lyandres, Evgeny, Egor Matveyev, and Alexei Zhdanov. Review of Finance Vol. 24, No. 6 (2020): 1159-1201. Earlier version. Download Paper.

"Misvaluation of Investment Options."

Lyandres, Evgeny, Egor Matveyev, and Alexei Zhdanov, MIT Sloan Working Paper 5235-17. Cambridge, MA: MIT Sloan School of Management, April 2017.

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Recent Insights

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MITx MicroMasters® Program in Finance sees record enrollment

To date, more than 50,000 participants from 175 countries have enrolled in classes in the program.

Sep 1, 2020
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Study shows larger nonprofit endowment funds generate higher returns

The difference...is mostly due to portfolio allocations. Larger endowments invest in riskier and higher-yielding assets compared to more conservative investments by smaller endowments.

May 26, 2020
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Media Highlights

Press Source: Harvard Law School Forum on Corporate Governance and Financial Regulation (Opinion Piece)

Good and bad CEOs

"CEOs are not randomly allocated to firms and their turnover is likely to be correlated with other changes that affect productivity."
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