2025 Outstanding Doctoral Dissertation in Government Finance and Taxation Award Honorable Mention: Jordan Richmond

Jordan Richmond, will be awarded an honorable mention at the 118th NTA Annual Conference, on November 6–8, 2025 in Boston, MA.

Jordan is an Assistant Professor of Finance at The University of Maryland’s Smith School of Business. He received his Ph.D. in economics from Princeton University in September 2024. His research interests lie at the intersection of public and corporate finance.

Jordan’s dissertation, titled “Essays on Tax Policy and Firm Behavior,” contains three chapters studying the mechanisms driving firm behavior and applying those insights to inform future tax policy design and implementation. The first chapter (coauthored with Lucas Goodman and Adam Isen) studies the impacts of limiting interest deductions on firms’ investment and financing choices using U.S. tax data. The second chapter studies how firms respond to book income alternative minimum taxes (AMTs) by examining the AMT book income adjustment in 1987. The third chapter (coauthored with Eduard Boehm) develops a dynamic investment model featuring financial frictions, and a realistic tax loss system that changes the timing of deductions, to study the role that tax losses play in targeting investment incentives.