Keith Chauvin

Associate Professor
Primary office:
Capitol Federal Hall
Room 4105
University of Kansas


Academic Areas

Economics and Human Resources


  • Managerial and Organizational Economics
  • Corporate Finance
  • Economics of Employee Compensation
  • Executive Compensation and the Effects of the Use of
  • Executive Stock Options

Current Activities

My current research focuses on the effects of putting managerial and employee compensation at risk by making pay vary with performance. Executive stock options, for example, focus executive attention on long run stock prices, the performance measure of greatest interest to the owners. In the area of teaching, I have been fortunate over the last several years to have the opportunity to participate in numerous executive education programs with top mangers from companies such as Sprint, Kroger, Farmland Industries, and Koch Industries. I am also on the faculty of KU's Law and Organizational Economics Center, and I teach in the Center's Economics Institute for State Judges. Just as students benefit from a better understanding of the basic economic principles of how people respond to incentives and how markets work, experienced executives and even judges benefit from these lessons.

Selected Publications

  • "Stock Price Increases Prior to Executive Stock-Option Grants,. Journal of Corporate Finance, forthcoming. Chauvin, Keith W. and Catherine Shenoy.
  • "Ownership Structure and Capital Structure,. Advances in Financial Economics, (1996). Chauvin, Keith W. and Mark Hirschey.
  • "Goodwill, Profitability and the Market Value of the Firm,. Journal of Accounting and Public Policy, (Summer 1994): 159-180. Chauvin, Keith W. and Mark Hirschey.
  • "Gender-Earnings Differentials in Total Pay, Base Pay and Contingent Pay,. Industrial and Labor Relations Review, (July 1994): 634-649. Chauvin, Keith W. and Ronald Ash.
  • "Advertising, R&D Expenditures and the Market Value of the Firm,. Financial Management, (Winter 1993): 128-140. Chauvin, Keith W. and Mark Hirschey.
  • "An Inter-Plant Test of the Efficiency Wage Hypothesis,. Quarterly Journal of Economics, (August 1991): 769-87. Cappelli, Peter and Keith W. Chauvin.


  • Ph.D. , University of Illinois (1988)
  • Master's, University of Illinois (1985)
  • Bachelor's, Rockhurst College (1980)

Selected Publications

Chauvin, K. & Keil, J. (2006). Gender Differences in Willingness to Assume Risky Compensation Packages (J. Keil, Ed.). Earn More, Move Up.

Chauvin, K. & Shenoy, C. (2001). Stock Price Increases Prior to Executive Stock-Option Grants. Journal of Corporate Finance, 7.

Chauvin, K. & Butler, H. N. (1999). Economic Analysis of Labor Markets: A Framework for Analyzing Employment Law Issues. Kansas Journal of Law & Public Policy, 7.

Chauvin, K. & Hirschey, M. (1997). Market Structure and the Value of Growth. Managerial and Decision Economics, 18.

Chauvin, K. & Hirschey, M. (1996). Ownership Structure and Capital Structure. Advances in Financial Economics, 2.

Chauvin, K. & Glass, R. (1996). Costs and Benefits of Privatizing Security Guard Services Currently Provided by the Capital Area Security Patrol. Report prepared for the Kansas Department of Administration with support from The University of Kansas Institute for Public Policy and Business Research.

Chauvin, K. & Guthrie, J. P. (1994). Labor Market Reputation and the Value of the Firm. Managerial and Decision Economics, 15, 543-552.

Chauvin, K. & Hirschey, M. (1994). Goodwill, Profitability, and the Market Value of the Firm. Journal of Accounting and Public Policy, 13, 159-180.

Chauvin, K. & Ash, R. A. (1994). Gender-Earnings Differentials in Total Pay, Base Pay, and Contingent Pay. Industrial and Labor Relations Review, 47, 634-649.

Chauvin, K. (1994). Firm-Specific Wage Growth and Changes in the Labor Market for Managers. Managerial and Decision Economics, 15, 21-37.

Chauvin, K. & Hirschey, M. (1993). Advertising, R&D Expenditures, and the Market Value of the Firm. Financial Management, 128-140.

Chauvin, K. & Cappelli, P. (1991). A Test of an Efficiency Model of Grievance Activity. Industrial and Labor Relations Review, 45, 3-14.

Chauvin, K. & Cappelli, P. (1991). An Inter-Plant Test of the Efficiency Wage Hypothesis. Quarterly Journal of Economics, 106, 769-787.

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