Matthew Gustafson

Matthew Gustafson is a Professor of Finance at the Smeal College of Business, Penn State University. His research spans corporate finance, financial intermediation, and the economic implications of climate change. He is an affiliate researcher in climate and natural systems, reflecting the interdisciplinary nature of his work.

His research focuses on how environmental risks such as sea-level rise and weather shocks affect financial markets, firm behavior, and public finance. He also investigates corporate financing decisions, IPO dynamics, and the role of banks in monitoring borrowers. His work integrates macroeconomic, environmental, and institutional factors into financial analysis.

The recent publications show a strong trend toward climate finance, particularly in pricing environmental risks in municipal bonds and real estate, alongside continued work on IPOs, capital allocation, and banking. His research uses empirical methods and large-scale datasets to uncover causal relationships in financial markets.

Matthew Gustafson has published in top journals including The Journal of Finance, Journal of Financial Economics, Management Science, and Accounting Review. He has presented at major conferences such as the American Finance Association and American Economic Association meetings.

He advises students and collaborates extensively with scholars across finance and economics. His research has been supported by institutional affiliations and academic grants, though specific funding sources are not listed. He is actively contributing to the field through ongoing research in climate risk and financial market structure.

He is affiliated with Penn State’s climate and natural systems research initiative, where he contributes to interdisciplinary efforts on environmental economics and sustainability. His work bridges finance and policy, aiming to inform both academic and practical responses to climate-related financial risks.