Kevin James Murphy (born 1957) is a

professor Professor (commonly abbreviated as Prof.) is an Academy, academic rank at university, universities and other post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin as a "person who pr ...

at the

University of Southern California The University of Southern California (USC, SC, or Southern Cal) is a Private university, private research university in Los Angeles, California, United States. Founded in 1880 by Robert M. Widney, it is the oldest private research university in C ...

. Since 2006, Murphy has held the Kenneth L. Trefftzs Chair in Finance at the

USC Marshall School of Business The USC Marshall School of Business is the business school of the University of Southern California. It is accredited by the Association to Advance Collegiate Schools of Business. In 1997 the school was renamed following a $35 million donation fr ...

. He is also a Professor of Law at the

USC Gould School of Law The USC Gould School of Law, located in Los Angeles, California, is the law school of the University of Southern California. The oldest law school in the Southwestern United States, USC Law traces its beginnings to 1896 and became affiliated with ...

and Professor of Economics at USC's College of Letters, Arts & Science.

Career

Before teaching at USC, Kevin Murphy was a professor at the

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

and the

University of Rochester The University of Rochester (U of R, UR, or U of Rochester) is a private research university in Rochester, New York. The university grants undergraduate and graduate degrees, including doctoral and professional degrees. The University of Roc ...

William E. Simon Graduate School of Business Administration Simon Business School (formerly known as the William E. Simon Graduate School of Business Administration) is the business school of the University of Rochester. It is located on the university's River Campus in Rochester, New York. It was rename ...

. The Institute for Scientific Information's Web of Knowledge compiles a Highly Cited list composed of the most highly cited individuals within each of 21 broad subject categories; Kevin J. Murphy has been listed under Economics/Business since at least 2003. Kevin Murphy is a member of the

American Economic Association The American Economic Association (AEA) is a learned society in the field of economics. It publishes several peer-reviewed journals acknowledged in business and academia. There are some 23,000 members. History and Constitution The AEA was esta ...

and an associate editor of the Journal of Corporate Finance and

Journal of Financial Economics The ''Journal of Financial Economics'' is a peer-reviewed academic journal published by Elsevier, covering the field of finance. It is considered to be one of the premier finance journals. According to the ''Journal Citation Reports'', the journa ...

. He received his PhD in Economics from the

University of Chicago The University of Chicago (UChicago, Chicago, U of C, or UChi) is a private research university in Chicago, Illinois. Its main campus is located in Chicago's Hyde Park neighborhood. The University of Chicago is consistently ranked among the b ...

in 1984 and his BA, summa cum laude, from

UCLA The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California. UCLA's academic roots were established in 1881 as a teachers college then known as the southern branch of the California St ...

in 1979.

Research List

Murphy, Kevin.,Sandino, Tatiana. (2016) "Compensation Consultants and the Level, Composition and Complexity of CEO Pay". Barron, Daniel.,Gibbons, Robert.,Gil, Ricard.,Murphy, Kevin. (2016) "Relational Adaptation under Reel Authority". Jensen, Michael.,Murphy, Kevin.,Wruck, Eric. (2016) "CEO Pay and what to do about it: Restoring integrity into executive compensation and capital-market relations", ''Harvard Business School Press''. Murphy, Kevin.,Zabojnik, Jan. (2016) "Managerial Capital and the Market for CEOs". Murphy, Kevin. (2013) "Regulating Banking Bonuses in the European Union: A Case Study in Unintended Consequences", ''European Financial Management'', 19, 631-657. Murphy, Kevin. (2013) "Executive Compensation: Where we are, and how we got there", ''Handbook of the Economics of Finance'', ''Elsevier Science North Holland'', 4, 2A, 211-356. Fernandes, Nuno.,Ferreira, Miguel.,Matos, Pedro.,Murphy, Kevin. (2013) "Are US CEOs Paid More? New International Evidence", ''Review of Financial Studies'', 26, 323-367. Conyon, Martin.,Fernandes, Nuno.,Ferreira, Miguel.,Matos, Pedro.,Murphy, Kevin. (2013) "The Executive Compensation Controversy: A Transatlantic Analysis ", ''Executive Remuneration and Employee Performance-Related Pay: A Transatlantic Perspective'', ''Oxford University Press'', 1, Part I, 8-115. Boeri, Tito.,Lucifora, Claudio.,Murphy, Kevin. (2013) "Executive Remuneration and Employee Performance-Related Pay: A Transatlantic Perspective", ''Oxford University Press''. Murphy, Kevin. (2012) "Pay, Politics, and the Financial Crisis", ''Rethinking the Financial Crisis'', ''Russell Sage Foundation'', 12. Murphy, Kevin. (2012) "The Politics of Pay: A Legislative History of Executive Compensation ", ''The Research Handbook on Executive Pay'', ''Edward Elgar'', 1. Murphy, Kevin. (2012) "CEO Bonus Plans and How to Fix Them". Baker, George.,Gibbons, Robert.,Murphy, Kevin. (2011) "Relational Adaptation". Murphy, Kevin. (2010) "Executive Pay Restrictions for TARP Recipients: An Assessment". Murphy, Kevin.,Sandino, Tatiana. (2010) "Executive Pay and "Independent" Compensation Consultants. Journal of Accounting and Economics 49 (3).", ''Journal of Accounting and Economics'', 49, 147-262. Murphy, Kevin. (2009) "Compensation Structure and Systemic Risk". Baker, George.,Gibbons, Robert.,Murphy, Kevin. (2008) "Strategic Alliances: Bridges Between 'Islands of Conscious Power'", ''Journal of the Japanese and International Economies'', 22, 146-163. Lowry, Michelle.,Murphy, Kevin. (2007) "Executive Stock Options and IPO Underpricing", ''Journal of Financial Economics'', 85, 39-65. Murphy, Kevin.,Oyer, Paul. (2004) "Discretion in Executive Incentive Contracts", ''University of Southern California''. Hall, Brian.,Murphy, Kevin. (2003) "The Trouble with Stock Options", ''Journal of Economic Perspectives'', 17, 49-70. Murphy, Kevin. (2003) "Explaining Executive Compensation: Managerial Power versus the Perceived Cost of Stock Options", ''University of Chicago Law Review'', 69, 847-869. Murphy, Kevin. (2003) "Stock-Based Pay in New Economy Firms", ''Journal of Accounting and Economics'', 34, 129-147. Hall, Brian.,Murphy, Kevin. (2002) "Expensing will improve compensation decisions", ''Boston Globe''. Murphy, Kevin.,Gibbons, Robert.,Baker, George. (2002) "Relational Contracts and the Theory of the Firm", ''Quarterly Journal of Economics'', 117, 39-84. Murphy, Kevin.,Hall, Brian. (2002) "Stock Options for Undiversified Executives", ''Journal of Accounting and Economics'', 33, 3-42. Murphy, Kevin.,Conyon, Martin. (2002) "Stock-based executive compensation", ''Corporate Governance Regimes: Convergence and Diversity'',''Oxford University Press'', 26, 625-646. Baker, George.,Gibbons, Robert.,Murphy, Kevin. (2001) "Bringing the Market Inside the Firm", ''American Economic Review Papers and Proceedings'', 92, 212-18. Murphy, Kevin.,Hall, Brian. (2001) "Option Value Does Not Equal Option Cost", ''WorldatWork Journal'', 10. Murphy, Kevin. (2000) "Performance Standards in Incentive Contracts", ''Journal of Accounting and Economics'', 30, 245-78. Conyon, Martin.,Murphy, Kevin. (2000) "The Prince and the Pauper? CEO Pay in the US and UK", ''Economic Journal'', 110, F640-71. Hall, Brian.,Murphy, Kevin. (2000) "Optimal Exercise Prices for Executive Stock Options", ''American Economics Review Papers and Proceedings'',90, 209-214. Baker, George.,Gibbons, Robert.,Murphy, Kevin. (1999) "Informal Authority in Organizations", ''Journal of Law, Economics, and Organizations'', 15, 56-73. Murphy, Kevin. (1999) "Executive Compensation", ''Handbook of Labor Economics'', ''Elsevier Science North Holland''. Hallock, Kevin.,Murphy, Kevin. (1999) "The Economics of Executive Compensation", ''Edward Elgar Publishing''. Baker, George.,Jensen, Michael.,Murphy, Kevin. (1998) "Compensation and Incentives: Practice vs. Theory", ''Journal of Finance'', 43, 593-616. Murphy, Kevin. (1998) "Executive Stock Options: An Economist's Perspective", ''American Compensation Association''. Murphy, Kevin. (1997) "Executive Compensation and the Modern Industrial Revolution", ''International Journal of Industrial Organization'', 15, 417-25. Murphy, Kevin. (1997) "Disney Offers a Model for Executive Compensation", ''Los Angeles Business Journal''. Murphy, Kevin. (1997) "CEO Pay and Downsizing: The Social Consequences", ''American Compensation Association''. Murphy, Kevin. (1996) "Reporting Choice and the 1992 Proxy Disclosure Rules", ''Journal of Accounting, Auditing, and Finance'', 11, 497-515. Dial, Jay.,Murphy, Kevin. (1995) "Incentives, Downsizing, and Value Creation at General Dynamics", ''Journal of Financial Economics'', 37, 261-314. Murphy, Kevin. (1995) "Politics, Economics, and Executive Compensation", ''University of Cincinnati Law Review'', 63, 713-748. Baker, George.,Gibbons, Robert.,Murphy, Kevin. (1994) "Subjective Performance Measures in Optimal Incentive Contracts", ''Quarterly Journal of Economics'', 109, 1125-56. Murphy, Kevin. (1994) "Governance, Behavior, and Performance of State and Corporate Pension Funds", ''Harvard University''. Jensen, Michael.,Murphy, Kevin. (1994) "Compensation at Lexerd Systems", ''Harvard Business School Press''. Murphy, Kevin. (1993) "Executive Compensation in Corporate America 1993", ''United Shareholders Association''. Murphy, Kevin.,Dial, Jay. (1993) "Compensation and Strategy and General Dynamics (A), (B)", ''Harvard Business School Press''. Murphy, Kevin.,Zimmerman, Jerold. (1993) "Financial Performance Surrounding CEO Turnover", ''Journal of Accounting and Economics'', 16, 273-315. Murphy, Kevin. (1992) "Executive Compensation in Corporate America 1992", ''United Shareholders Association''. Gibbons, Robert.,Murphy, Kevin. (1992) "Does Executive Compensation Affect Investment?", ''Journal of Applied Corporate Finance'', 5. Gibbons, Robert.,Murphy, Kevin. (1992) "Optimal Incentive Contracts in the Presence of Career Concerns: Theory and Evidence", ''Journal of Political Economy'', 100, 468-505. Murphy, Kevin. (1992) "Performance Measurement and Appraisal: Motivating Managers to Identify and Reward Performance", ''Performance Measurement, Evaluation, and Incentives'', ''Harvard Business School Press''. Murphy, Kevin. (1991) "Merck & Co., Inc. (A), (B), (C)", ''Harvard Business School Press''. Murphy, Kevin.,Jensen, Michael. (1990) "A New Survey of Executive Compensation: Full Survey and Technical Appendix to 'CEO Incentives - It's Not How Much You Pay but How", ''Simon School of Business, University of Rochester''. Jensen, Michael.,Murphy, Kevin. (1990) "CEO Incentives: It's Not How Much You Pay, But How", ''Harvard Business Review''. Jensen, Michael.,Murphy, Kevin. (1990) "Performance Pay and Top-Management Incentives", ''Journal of Political Economy'', 98, 225-64. Gibbons, Robert.,Murphy, Kevin. (1990) "Relative Performance Evaluation for Chief Executive Officers", ''Industrial and Labor Relations Review'',43, 30S-51S. Murphy, Kevin. (1989) "The Control and Performance of State-Owned Enterprises: Comment", ''Privatization and State-Owned Enterprises'',''Kluwer Academic'', 59-68. Murphy, Kevin. (1987) "Executive Compensation in Regulated Firms", ''William E. Simon Graduate School of Business Administration''. Murphy, Kevin. (1986) "Incentives, Learning, and Compensation: A Theoretical and Empirical Investigation of Managerial Labor Contracts", ''RAND Journal of Economics'', 17, 59-76. Murphy, Kevin. (1986) "Top Executives Are Worth Every Nickel They Get", ''Harvard Business Review'', 64. Murphy, Kevin. (1985) "Corporate Performance and Managerial Remuneration: An Empirical Investigation", ''Journal of Accounting and Economics'', 7, 11-42. Murphy, Kevin. (1985) "Is Executive Compensation Related to Company Performance?", ''Rochester Management Review''. Jensen, Michael.,Murphy, Kevin. (1984) "Beware the Self-Serving Critics", ''New York Times''.

References

{{DEFAULTSORT:Murphy, Kevin J. Living people 1957 births University of Southern California faculty University of California, Los Angeles alumni University of Chicago alumni University of Rochester faculty Harvard Business School faculty