About

Brent Glover is an Associate Professor of Finance at the Tepper School of Business at Carnegie Mellon University. His role involves teaching and research within the field of finance, contributing to the academic community through his expertise. Further details about his specific research interests, background, or key contributions are not provided in the available page text.

Research topics

• Monetary economics
• Economics
• Business
• Financial system
• International economics
• Industrial organization
• Public economics
• Finance
• Macroeconomics

Selected publications

• The real and financial effects of internal liquidity: Evidence from the Tax Cuts and Jobs Act

  Journal of Financial Economics · 2025-02-08 · 9 citations

  article
  PublisherDOI

• Corporate Tax Avoidance, Firm Size, and Capital Misallocation

  SSRN Electronic Journal · 2024-01-01 · 6 citations

  articleOpen access1st authorCorresponding
  PublisherDOI

• The Real and Financial Effects of Internal Liquidity: Evidence From the Tax Cuts and Jobs Act

  SSRN Electronic Journal · 2023 · 13 citations

  • Business
  • Finance
  • Monetary economics
  PublisherDOI

• Foreign investment of US multinationals: The effect of tax policy and agency conflicts.

  Journal of Financial Economics · 2021 · 46 citations

  • Monetary economics
  • Business
  • Economics
  PublisherDOI

• A Re-examination of Firm Size and Taxes

  SSRN Electronic Journal · 2021 · 10 citations

  • Business
  • Industrial organization
  • Economics
  PublisherOA PDFDOI

• Heads I win, tails you lose: Asymmetric taxes, risk taking, and innovation

  Journal of Monetary Economics · 2019-04-12 · 12 citations

  article
  PublisherDOI

• Heads I Win, Tails You Lose: Asymmetric Taxes, Risk Taking, and Innovation

  SSRN Electronic Journal · 2019-01-01 · 5 citations

  articleOpen access
  PublisherDOI

• Corporate Taxes, Leverage, and Business Cycles

  Figshare · 2018-06-30 · 19 citations

  articleOpen access1st authorCorresponding

  This paper evaluates quantitatively the implications of the preferential tax treatment of debt in the United States corporate income tax code. Specifically, we examine the economic con- sequences of allowing firms to deduct interest expenses from their tax liabilities on financial variables such as leverage, default decisions and credit spreads. We conduct a series of policy experiments in which the tax deductibility of the corporate interest expense is eliminated. As expected, this results in a substantial decrease in the equilibrium level of leverage. However, contrary to conventional wisdom, we find that eliminating interest deductibility results in an increase in the default frequency and average credit spreads in the economy. The intuition for this lies in the fact that this policy change makes external financing more costly, resulting in riskier firms and higher credit spreads.

  OA PDFDOI

• Foreign Investment of US Multinationals: The Effect of Tax Policy and Agency Conflicts

  SSRN Electronic Journal · 2018-01-01 · 22 citations

  articleOpen access
  PublisherDOI

• Contagion in the European Sovereign Debt Crisis

  Research Showcase @ Carnegie Mellon University (Carnegie Mellon University) · 2018-01-01 · 6 citations

  preprintOpen access1st authorCorresponding

  We use a network model of credit risk to measure market expectations of the potential spillovers from a sovereign default. Specifically, we develop an empirical model, based on the recent theoretical literature on contagion in financial networks, and estimate it with data on sovereign credit default swap spreads and the detailed structure of financial linkages among thirteen European sovereigns from 2005 to 2011. Simulations from the estimated model show that a sovereign default generates only small spillovers to other sovereigns. These results imply that credit markets do not demand a significant premium for the interconnectedness of sovereign debt in Europe.

  PublisherOA PDFDOI

Frequent coauthors

• Oliver Levine

  University of Wisconsin–Madison

  14 shared

• James F. Albertus

  Carnegie Mellon University

  5 shared

• Seth Richards‐Shubik

  Lehigh University

  4 shared

• João F. Gomes

  University of Pennsylvania

  2 shared

• Amir Yaron

  University of Pennsylvania

  2 shared

• Yaron Raviv

  2 shared

• Anton Babkin

  University of Connecticut

  2 shared

• Erik Lough

  Charleston Area Medical Center

  1 shared