Matt Hopkins, PhD candidate at SOAS University of London, is also a senior researcher for the Academic-Industry Research Network, a 501(c)(3) non-profit research organization based in Cambridge, Massachusetts. His PhD thesis is titled “Strategic Control and the Role of Executive Compensation in the Innovation or Financialization of Firms”. His research interests include the innovation process, executive compensation, the finance of innovation, government-business collaboration, and the global dynamics of industrial development. He has participated in a number of research projects supported by the Institute for New Economic thinking.

Matt holds a Master’s degree from the former Department of Regional Economic and Social Development at UMass Lowell, and was named the department’s graduate student of the year in 2010. He also holds a Bachelor’s degree with a double major in Economics and English from the University of Southern Maine.

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Financialization of the U.S. Pharmaceutical Industry

Article | Dec 2, 2019

Pharmaceutical drugs are often a matter of life or death. It should be a prime objective of government policy to rid the industry of financialization.

US Pharma’s Financialized Business Model

Paper Working Paper Series | | Jul 2017

Price gouging in the US pharmaceutical drug industry goes back more than three decades.

A Public Comment on the SEC Pay Ratio Disclosure Rule

Article | Mar 29, 2017

In this comment, we explain our objections to the SEC’s current formulation of the Pay Ratio Disclosure Rule on each of three grounds: the erroneous estimation of CEO pay; the unclear specification of the “median” worker; and the risk of normalizing a pay ratio that is far too high. Then we present the latest data on the remuneration of the 500 highest-paid CEOs in the United States, demonstrating the way in which the SEC’s measure of CEO pay that enters into the CEO-to-median-worker pay ratio tends to systematically underestimate actual executive pay.

If CEO Pay Was Measured Properly, It Would Look Even More Outrageous

Article | Dec 22, 2016

Research funded by the Institute for New Economic Thinking has revealed that the SEC reports executive compensation using a formula that routinely undercounts it

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