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Personal Data:
Date of Birth: September 29, 1962
Marital Status: Married, two children
Citizenship: United States of America
Academic and Professional Appointments:
| 2010-present |
Founding Director, Program for Financial Studies |
| 2008-present |
A. Barton Hepburn Professor of Economics in the Faculty of Business |
| 1998-2008 |
Professor of Finance and Economics |
| 1996-1998 |
Associate Professor of Finance and Economics
(with tenure)
|
| |
Graduate School of Business, Columbia University |
| |
|
| 2006-2008 |
Managing Director, Global Head of Alternative Investment Strategies |
| |
Deutsche Bank |
| |
|
| 1999-2006 |
Director/Trustee |
| |
Merrill Lynch Investment Managers |
| |
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| 1992-1996 |
Associate Professor of Finance |
| 1988-1992 |
Assistant Professor of Finance |
| |
J. L. Kellogg Graduate School of Management Northwestern University |
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|
| 1991-1992 |
Arch W. Shaw National Fellow |
| |
Hoover Institution on War, Revolution and Peace |
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Stanford University |
Recent Outside Activities:
| 2011-present |
Consultant to global financial advisory and asset management firm |
| |
|
| 2008-2009 |
Deutsche Bank Alternative Trading |
Education:
June 1988 Ph.D., Economics, Stanford University
Dissertation: "Essays on Financial Structure and
Corporate Control"
May 1984 B.A., summa cum laude, Duke University (economics)
Academic Honors and Grants:
National Science Foundation Presidential Young Investigator
Award, 1991-1998
Lynde and Harry Bradley Foundation Grant, 1993-1994,
1994-1998
Smith Breeden Prize for Distinguished Paper in the Journal
of Finance in 1992 ("Dutch Auction Repurchases: An
Analysis of Shareholder Heterogeneity")
Roger F. Murray Award for Excellence in Quantitative
Research in Finance, presented by The Institute for Quantitative
Research in Finance, 1992
National Fellow, Hoover Institution on War, Revolution
and Peace, Stanford University, 1991-1992
Selected one of "Forty Under Forty," Crain's
Chicago Business, 1991
National Science Foundation Grant SES-8821666, "Dividends
and Corporate Financial Policy" (joint with Doug
Bernheim), 1989-1991
Trefftzs Award for Best Student Paper, presented by the
Western Finance Association, 1988 ("Share Repurchase
and Takeover Deterrence")
Phi Beta Kappa, Beta Gamma Sigma
Teaching Honors:
Presidential Award for Outstanding Teaching, Columbia University, 2006
Singhvi Professor of the Year for Scholarship
in the Classroom: Graduate School of Business, Columbia
University, 1997, 2005, 2006
Rated Outstanding Faculty at Columbia Business
School, Business Week, 2000, 2002, 2004
Rated Most Popular Teacher at Columbia Business
School, Business Week, 1998
Finalist, Outstanding Professor of the Year:
Kellogg Graduate School of Management, Northwestern University,
1994, The Masters in Management Program
Outstanding Professor of the Year: Kellogg Graduate
School of Management, Northwestern University, 1991,
The Managers' Program
Publications:
"Liquidity: Considerations of a Portfolio Manager" (joint with Pam Moulton), 2009. Financial Management, Spring, 59-74.
"Synergies and Internal Agency Conflicts:
The Double-Edged Sword of Mergers" (joint with Paolo
Fulghieri), 2006. Journal of Economics & Management
Strategy, Vol. 15, No. 3, 549-576.
"Predicting Equity Liquidity" (joint
with Bill Breen and Bob Korajczyk), 2002. Management
Science, Vol. 48, No. 4, 470-483.
"Does Stock Price Elasticity Affect Corporate
Financial Decisions?", 1999. Journal of Financial
Economics, Vol. 52, No. 2, 225-256.
"Veblen Effects in a Theory of Conspicuous
Consumption" (joint with Doug Bernheim)*, 1996.
American Economic Review, Vol. 86, No. 3, 349-373.
"Influence Costs and Capital Structure" (joint
with Josef Zechner),* 1993. Journal of Finance, Vol.
48, No. 3, 975-1008.
"Dutch Auction Repurchases: An Analysis
of Shareholder Heterogeneity," * 1992. Journal
of Finance, Vol. 47, No. 1, 71-105.
"Share Repurchase and Takeover Deterrence,"*
1991. RAND Journal of Economics, Vol. 22, No. 1, 72-88.
"Shareholder Heterogeneity: Evidence and
Implications,"* 1991. American Economic Review,
Vol. 81, No. 2, 218-221.
"Cash Distributions to Shareholders" (joint
with John Shoven),* 1989. Journal of Economic Perspectives,
Vol. 3 No. 3, Summer, 129-140. Reprinted in The
Corporate Finance Reader, edited by Robert Kolb,
Kolb Publishing Company, 202-213, first edition.
"Share Repurchases and Acquisitions: An
Analysis of Which Firms Participate" (joint with
John Shoven),* 1988. In Corporate Takeovers: Causes
and Consequences, edited by Alan Auerbach, University
of Chicago Press, 191-220.
Comments on "Converting Corporations to
Partnerships through Leverage" by Myron S. Scholes
and Mark A. Wolfson,* 1990. In Taxes, Debt, and
Corporate Restructuring, edited by John Shoven
and Joel Waldfogel, The Brookings Institution, 196-200.
* Published as Laurie Simon Bagwell
Teaching Cases, Articles, and Published Teaching
Materials:
“Four Princesses, Meet the Fantastic Four: Disney's 2009 Acquisition of Marvel,” 2011. Columbia CaseWorks #110314.
"Don’t Be Evil: Google’s 2004 Dutch Auction IPO," 2009. Columbia CaseWorks #090327.
"Cash is King: Microsoft’s 2004 Cash Disbursement," 2008. Columbia CaseWorks #070302.
"The War of the Handbags: The Takeover Battle for Gucci Group N.V." (joint with Sean Carr and Robert Bruner), 2005. Darden Case No. UVA-F-1473.
"Walgreen Company, 1990: The Cash Distribution Decision," 2008. Columbia CaseWorks #080322.
“Dutch Auctions,” Columbia Business School Ideas at Work, June 2005.
"Google’s IPO: A Dutch auction works, if you let it," Columbia Business School Hermes Magazine, Fall 2004.
Research Roundtable Discussion: The Diversification Discount, Financial Economics Network Educator, 2004.
Working Papers:
“Self-Selection and Stock Returns Around Corporate Security Offering Announcement” (joint with Marie Dutordoir), Unpublished Working Paper, latest revision January 2012.
“Do Stock Splits Enhance Liquidity?” (joint with Bob Korajczyk), Unpublished Working Paper, first draft October 1999.
“Management Forecasts at Walgreen Company: The Best Laid Plans,” Unpublished Working Paper, Columbia University, latest revision September 1998.
“Cash Yield” (joint with Kristen Willard), Unpublished Working Paper, first draft November 1998.
Professional Activities:
Series 7 and 63 Certification
Coeditor, Journal of Economics & Management
Strategy, 2005-2010
Associate Editor, Journal of Finance, 2000-2003, Financial Management, 1999-2006
Advisory Editor, Social Sciences Electronic Publishing, Financial Economics Network
Educator: Courses, Cases, and Teaching Abstracts, 2000-present, Financial Economics
Network Course Electronic Journal, 1998-2000
Program Committee, Western Finance Association
Meetings, 1996-2006
Program Committee, Financial Management Association
European Conference, 2005-2006
Nominated for Director, American Finance Association,
2004
Panelist, Financial Management Association Doctoral
Consortium, 2001
Nominations Committee, American Finance Association,
1995
Recent Major Speeches:
2011 Columbia Women in Business Mentoring Lunch
2011 Columbia Business School Inaugural Program for Financial Studies Conference, Corporate Finance in a World of Uncertain Valuations (Moderator)
2011 Columbia Business School Conference, Financial Careers in Banking and Corporations (Moderator)
2011 Columbia Business School Graduation, Faculty Showcase
2010 Columbia Business School Conference, Financial Careers in Banking and Corporations (Moderator)
2010 Columbia Business School Orientation Reception Speaker
2010 Columbia Business School Reorientation Speaker
2010 Columbia Business School Graduation, Faculty Showcase
2010 Columbia Business School Reunion Case Teaching
2010 Columbia Business School External Relations Academy
2009 Columbia Business School Investment Banking Club Interview Power Prep
2009 Columbia Business School Conference, Financial Careers in Banking and Corporations (Moderator)
2009 Columbia Business School Faculty Orientation Presentation
2009 Columbia Business School Admissions Open House
2009 Columbia Business School Orientation Session on Corporate Governance
Session Chair:
Five Star Conference on Research in Finance, 2008
Summer Meetings of The Western Finance Association,
1996, 1999, 2003
Winter Meetings of The Econometric Society, 1992
Discussant:
Annual Conference on Financial Economics and
Accounting, 1995, 1997
Columbia/NYU Joint Conference, 1997
Fall NBER Corporate Finance Workshop, 2001, 2002
Five Star Conference on Research in Finance,
2004
Spring NBER Corporate Finance Workshop, 1995,
1997
Summer NBER Corporate Finance Workshop, 1998
Summer Meetings of The Western Finance Association,
1990, 1991, 1993, 1994, 1996, 1997, 1998
Winter Meetings of The American Economic Association,
1989
Winter Meetings of The American Finance Association,
1992, 1993, 1998, 2000, 2004, 2005
Winter Meetings of The Econometric Society, 1988
Charitable Activities:
Duke University:
Alumni Interviewer, 1999-2011
Graduate School Board of Visitors, 2010
Leadership Gifts Committee, 2003-2004, 2008-2009
20th Reunion Planning Committee, 2003-2004
Admissions Forum, Panelist, 2001
Horace Mann School:
Class Captain Annual Fund, 2004-2005,
2005-2006, 2006-2007
Junior League of Greenwich:
Sustainer, 2008-Present
Junior
League of Central Westchester:
Sustainer, 2005-2008
Active Advisory, 2003-2005
Chair, Helping Hands, 2002-2003
Advisory Planning, 2001-2002
Nominating and Placement,
2000-2002
Director, 1999-2000
Treasurer, 1999-2000
First Year Active Volunteer Achievement
Award, 1999
Finance Chair, 1998-1999
Chair, Fund Development Ways
and Means, 1998-1999
Art Auction Committee, Spring 1998
Provisional, Fall
1997
St. James the Less:
Capital Campaign Committee, 2005
Enhancements Committee, 2005
Altar Guild, 2003-2004
Scarsdale Union Free School District:
PT Budget Study
Committee, 1999-2000, 2000-2001, 2001-2002, 2004-2005
Convent of the Sacred Heart School:
Class Captain/Vice
Chair Annual Fund, 2002-2003, 2003-2004
Treasurer, Auction
Gala, 2003
Fox Meadow School:
Learning to Look, Educator, 1997-1998,
1998-1999, 1999-2000, 2000-2001 Faculty Recognition Luncheon
Committee, Member, 1998-1999, 1999-2000