Pat Akey
Bio
Pat Akey is an Associate Professor at the University of Toronto, having completed his PhD in Finance in 2014 from the London Business School. His research focuses on the political economy of finance and the incentives of firms to engage in pro-social behavior. He has presented his research at numerous major academic and practitioner conferences and published in the Journal of Finance, the Journal of Financial Economics, and the Review of Financial Studies. He was awarded the 2021 Brattle Prize Distingushed paper for one of the best papers in corporate finance published by the Journal of Finance and the 2016 Rising Scholar Award for the best paper by a young researcher published in the Review of Financial Studies. Major media outlets such as The Economist, Bloomberg, and National Public Radio have cited his work.
Academic Positions
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2014-Present
Assistant Professor, University of Toronto
Selected Publications - Papers
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Environmental Externalities of Hedge Fund Activism
Pat Akey and Ian Appel
working paper
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Noisy Factors
Pat Akey, Adriana Robertson, and Mikhail Simutin
working paper
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Closet Active Managrment of Passive Funds
Pat Akey, Adriana Robertson, and Mikhail Simutin
working paper
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Hacking Corporate Reputations
Pat Akey, Stefan Lewellen and Inessa Liskovich
working paper
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Pushing Boundaries: Political Redistricting and Consumer Credit
Pat Akey, Christine Dobridge, Rawley Heimer, and Stefan Lewellen
working paper
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Policy Uncertainty, Political Capital, and Firm Risk-Taking
Pat Akey and Stefan Lewellen
working paper
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Price Revelation from Insider Trading: Evidence from Hacked Earnings News
Pat Akey, Charles Martineau, and Vincent Gregoire
Journal of Financial Economics
Issue:Forthcoming
2022
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The Limits of Limited Liability: Evidence from Industrial Pollution
Pat Akey and Ian Appel
Journal of Finance
Issue:76/1
2021
Pages: 5-55
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Politicizing Consumer Credit
Pat Akey, Rawley Heimer, and Stefan Lewellen
Journal of Financial Economics
Issue:139
2021
Pages: 627-655
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Valuing Changes in Political Networks: Evidence from Campaign Contributions to Close Congressional Elections
Pat Akey
Review of Financial Studies
Issue:28
2015
Pages: 3183-3223
Honors and Awards
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2016
RFS Rising Scholar Award,
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2013
USC Finance PhD Conference Best Paper Award,