Felipe Cabezón

Assistant Professor of Finance at Virginia Tech.

Topics of interest: Corporate Governance, Executive Compensation, and Information Disclosure.

[Felipe Cabezón @lfcabezon]

Executive compensation is becoming increasingly homogenized. Why is this happening, and what are its consequences for companies? This forthcoming paper at JAE answers these questions.
https://t.co/JbbP5ZgaBw

Thread below.

[Agustin Hurtado @AgustHurtado]

📢 5th DC Finance Conference Call for Papers
📍 American University, Washington, DC
🗓 June 6, 2026
Submission deadline: April 15, 2026

• Limited presentations, highly interactive
• Dedicated discussants
• No submission/registration fees

Submit/RT:
https://t.co/yt6mn6MHO7

[Rodrigo Mujica @rmujica11]

La elección de Gago me parece casi peor que la de Meneghini. Es un tipo que busca jugar absolutamente diferente a lo que tiene la U para ejecutar. Otro error en un 2026 de pésimas decisiones.

[El Barto Inglés 🏴󠁧󠁢󠁥󠁮󠁧󠁿 @3l_mismisimoctm]

No que se debe terminar la jugada?Chiqui Tagle en su esplendor.

[Marcelo Díaz Almonacid @MarceloDiazAlm]

Hay periodistas que no entendieron nada, que hablan de fallo escandaloso de la Conmebol. Organiza bien un partido, que sea seguro para locales y visitante. Y nunca serás descalificado.
@gastonedul @gustavohlopez @estebanedul lamentables

[Pavvy G @pavyg]

Djokovic accidentally hit an official with the ball in the US open, they said rules are if you hit someone it's automatic default.

Bergs hit Garin to the ground and he gets the win and Garin has to retire with the injury inflicted on him?

Unbelievable.

[AEA Journals @AEAjournals]

Forthcoming in AER: Insights: "Discrimination in the Formation of Academic Networks: A Field Experiment on #EconTwitter" by Nicolás Ajzenman, Bruno Ferman, and Pedro C. Sant'Anna. https://t.co/YG10B6Qm1c

[M Cecilia Bustamante @mcecibustamante]

2025 begins with the #Finance and #IO session I m chairing ⁦@ASSAMeeting⁩ in SFO on Sunday,with three great papers and discussants! Check them up👇

[En Cancha @encanchacl]

En Argentina reaccionaron al polémico gol anulado a la U: “Cómo roba Colo Colo, en Chile le regalan todo” https://t.co/qrEiYchjPC

[Victor Villalobos Barra 🇨🇱 @vicvillabarra]

Que clase de robo es ese. El árbitro a 2 metros ordena seguir la jugada y le dice al jugador de everton que se levante para después deshacer lo que ordenó a 2 metros. #robo #colocolo #udechile esto visto de manera imparcial.

[Daniel Poblete 🦉 @danipoblete7]

Aquí está el golazo anulado al Lea Fernández.

1.-En el vivo el árbitro está a 1 m. y le dice que se pare al que se lanzó al piso.
2.-El lineman está de frente y tampoco cobra nada.
3.-El VAR le muestra solo una imagen y en 5 segundos lo anula…

ROBO ASQUEROSO

#VamosLaU 💙❤️🦉

[Rodrigo Mujica @rmujica11]

Es un choreo total

https://t.co/kIt1gh4hkl

[Felipe Cabezón @lfcabezon]

This is a great conference!

[Steve Irlbeck @IrlbeckSteve]

🚨Call for Papers 🚨

Accepting submissions for our 3rd Bretton Woods Ski Conference, held Mar 5-8, 2025. All finance & accounting topics welcome!

Please repost!
Submission deadline ~ 10 days, Oct 21

See more: https://t.co/DbrhtX5GKo
#BWSkiConf

[Elisa Cabezón @mecabezon]

Hola!
Todos los lunes de 9:00 a 10:00 am estaré en el programa Directo al Grano de @gonzalomuller en Radio Agricultura, hablando sobre políticas públicas y contingencia del país. Sintonízanos 😉

[Felipe Cabezón @lfcabezon]

@joshua_t_white @AustinStarkwea1 a great paper! congratulations!!

[LuisFer Ayala @luisferayala]

Hoy iniciamos un camino para darle a Guayas y al Ecuador una alternativa para impulsar el cambio real que nuestra gente necesita! #SiHayAlternativa #CucalonPresidente

[Cristóbal Otero @cristobalotero]

El miércoles 31 estaré presentando mi investigación sobre cómo mejorar la eficiencia del sector público y en particular de la salud pública. Me acompaña un gran panel para comentar y discutir los resultados.

¡Los esperamos!
🗓️ 31 de julio
📷 9 a 10 am 📷

https://t.co/ywRhEgqrGh

[Felipe Cabezón @lfcabezon]

What do I find? Standardization is linked to lower firm value, stock returns, and performance incentives. This is difficult to reconcile with more efficient labor markets but aligns with a one-size-fits-all trend that prevents tailoring compensation to individual firms' needs.

[Felipe Cabezón @lfcabezon]

Using the 2006 CD&A rule as a shock that exogenously increased compensation disclosure, I find that higher disclosure makes compensation structures more similar across firms. Interestingly, this effect is significantly stronger with higher levels of institutional ownership.

8/10

[Felipe Cabezón @lfcabezon]

Is this standardization good or bad? If it comes from more efficient labor markets and informed directors, it can boost firm value. However, it can be harmful if inst investors don’t know the optimal compensation or if boards offer inferior pay plans to gain their support.

9/10

[Felipe Cabezón @lfcabezon]

What about compensation disclosure? Expanded disclosure can create uniformity in compensation structures if it helps companies design compensation plans by learning from their peers. Does this also play a role in the standardization? Yes.

7/10