Hamed Mahmudi (Finance) coauthored a manuscript titled "The Impact of a Principles-Based Approach to Director Gender Diversity" with coauthors from the University of Delaware and the University of Illinois Chicago. The paper has been accepted for publication in the Journal of Financial and Quantitative Analysis (JFQA), one of the leading journals in finance.

Using board gender diversity regulation as a setting, the study examines how principles-based "comply or explain" regulation can harness market forces through mandatory disclosure rather than prescriptive mandates. The findings show that transparent disclosure encourages investor engagement and meaningful corporate governance changes, providing evidence that market-based regulatory approaches can effectively influence firm behavior without imposing rigid requirements.