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Faculty and Staff Profile

Brandon Lockhart

Wells Fargo Faculty Scholar
Associate Professor of Finance

Office: 336-C Sirrine Hall
Phone: 864.986.0340
Fax: 864.656.4892

 Educational Background

Ph.D. Finance
University of Florida 2009

B.S. Management
Georgia Institute of Technology 1998

 Courses Taught

Corporate Financial Analysis
Financial Management I
Financial Management (MBA)


Brandon Lockhart joined the Clemson faculty in 2013 after four years on the finance faculty at the University of Nebraska-Lincoln. He received a B.S. in management with certificates in economics and finance from Georgia Tech, and a Ph.D. in finance from the University of Florida. Prior to his graduate studies, Professor Lockhart worked as an analyst and relationship manager in commercial banking. Professor Lockhart teaches corporate finance topics in both the undergraduate and MBA programs at Clemson.

 Research Interests

Empirical Corporate Finance

 Research Publications

"Does corporate lobbying activity provide useful information to credit markets?" with Emre Unlu, Journal of Corporate Finance, Volume 50 (June 2018), pp. 128-157.

"Overconfidence, CEO awards, and corporate tax aggressiveness" with Thomas R. Kubick, Journal of Business Finance and Accounting, Volume 44, Issue 5-6 (May/June 2017), pp. 728-754.

"IRS and corporate taxpayer effects of geographic proximity" with Thomas R. Kubick, Lillian F. Mills, and John R. Robinson, Journal of Accounting and Economics, Volume 63 (April-May 2017), pp. 428-453.

"Corporate tax aggressiveness and the maturity structure of debt" with Thomas R. Kubick, Advances in Accounting, Volume 36 (March 2017), pp. 50-57.

"Proximity to the SEC and stock price crash risk," with Thomas R. Kubick, Financial Management, Volume 45, Issue 2 (Summer 2016), pp. 341-367.

"Do external labor market incentives motivate CEOs to adopt more aggressive corporate tax reporting preferences?" with Thomas R. Kubick, Journal of Corporate Finance, Volume 36 (February 2016), pp. 255-277.

"Credit lines and leverage adjustments" Journal of Corporate Finance, Volume 25 (April 2014), pp. 274-288.

"Determinants and effects of corporate lobbying" with Matthew D. Hill, G. Wayne Kelly, and Robert Van Ness, Financial Management, Volume 42, Issue 4 (Winter 2013), pp. 931-957.

"Downstream value of upstream finance" with Matthew D. Hill and G. Wayne Kelly, Financial Review, Volume 48, Issue 4 (November 2013), pp. 691-723.

"The effectiveness and valuation of political tax minimization" with Matthew D. Hill, Thomas R. Kubick, and Huishan Wan, Journal of Banking and Finance, Volume 37, Issue 8 (August 2013), pp. 2836–2849.

"Shareholder returns from supplying trade credit" with Matthew D. Hill and G. Wayne Kelly, Financial Management, Volume 41, Issue 1 (Spring 2012), pp. 255-280.

Selected working papers:

"Internal capital and investment: evidence from 2012 pension relief" (with Thomas R. Kubick and John R. Robinson), revise and resubmit at Contemporary Accounting Research.


Dr. Lockhart - Google Scholar webpage
Dr. Lockhart - SSRN webpage