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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:
| 2012-2013 |
Visiting Scholar
Stanford University Graduate School of Business
Stanford Institute for Economic Policy Research |
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| 2010-present |
Founding Director, Program for Financial Studies |
| 2010-present |
Chair, Advisory Board, 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 |
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| 2006-2008 |
Managing Director, Global Head of Alternative Investment Strategies |
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Deutsche Bank |
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|
| 1999-2006 |
Director/Trustee |
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Merrill Lynch Investment Managers |
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| 1992-1996 |
Associate Professor of Finance |
| 1988-1992 |
Assistant Professor of Finance |
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J. L. Kellogg Graduate School of Management Northwestern University |
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| 1991-1992 |
Arch W. Shaw National Fellow |
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Hoover Institution on War, Revolution and Peace |
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Stanford University |
Recent Outside Activities:
| 2012 |
Consultant to a family business |
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| 2011-2012 |
Consultant to global financial advisory and asset management firm |
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| 2008-2009 |
Deutsche Bank Alternative Trading |
Education:
| June 1988 |
Ph.D., Economics, Stanford University
Dissertation: "Essays on Financial Structure and
Corporate Control" |
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| 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
Outstanding Professor of the Year: Kellogg Graduate School of Management, Northwestern University, 1991, Finalist 1994
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 Announcements" (joint with Marie Dutordoir), Unpublished Working Paper, latest revision January 2012, currently being revised for resubmission to the Journal of Financial Economics.
"Does Demand Curve Elasticity Influence Convertible Debt Issuance" (joint with Marie Dutordoir), currently being drafted.
Professional Activities:
Series 7 and 63 Certification (expired)
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:
2013 University of Zurich Computation, Economics, and Finance Workshop in honor of Ken Judd
2013 Columbia Business School Annual Silicon Valley Alumni and Student Event
2012 Columbia Business School Alumni Reception in São Paulo, Brazil
2012 Columbia Business School Second Annual Program for Financial Studies Conference, Restructuring Governments, Companies, and Attitudes (Moderator)
2012 Columbia Business School Graduation, Faculty Showcase
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
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
