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Linda DeAngelo
Research Professor of Finance and Business Economics and Kenneth King Stonier Chair in Business Administration Emeritus

USC Marshall School of Business
Los Angeles, CA 90089-0808

Phone: 
213-740-3868
ldeangelo@marshall.usc.edu
Education: 
PhD, University of Washington; MS, University of Oregon; BM, University of Southern California
Personal Website: 
http://marshallinside.usc.edu/ldeangel/

Overview

Linda DeAngelo specializes in corporate finance, and has studied corporate governance, voting rights, disclosure policy, accounting manipulation, and auditor independence. Her work has been published in the Journal of Finance, Journal of Financial Economics, Journal of Accounting and Economics, Journal of Accounting Research, and the Accounting Review. She received the Jensen Prize for best paper in corporate finance in the JFE in 2004. Professor DeAngelo served as Associate Editor of JAE and on the editorial board of TAR. She received a Golden Apple Award in 2002, and Business Week named her one of Marshall's two most popular professors in 2000.

Research

Capital Structure Dynamics and Transitory Debt • 2011
Seasoned Equity Offerings, Market Timing, and the Corporate Lifecycle • 2010
Corporate Payout Policy • 2009
Capital Structure, Payout Policy, and Financial Flexibility • 2007
Payout Policy Pedagogy: What Matters and Why • 2007
The Irrelevance of the MM Dividend Irrelevance Theorem • 2006
Dividend Policy and the Earned/Contributed Capital Mix: A Test of the Lifecycle Theory • 2006
Are Dividends Disappearing? Dividend Concentration and the Consolidation of Earnings • 2004
Asset Liquidity, Debt Covenants, and Managerial Discretion in Financial Distress: The Collapse of L.A. Gear • 2002
Special Dividends and the Evolution of Dividend Signaling • 2000
Controlling Stockholders and the Disciplinary Role of Corporate Payout Policy: A Study of the Times Mirror Company • 2000
Ancient Redwoods and the Politics of Finance: The Hostile Takeover of the Pacific Lumber Company • 1998
Perceptions and the Politics of Finance: Junk Bonds and the Regulatory Seizure of First Capital Life • 1996
Reversal of Fortune: Dividend Policy and the Disappearance of Sustained Earnings Growth • 1996
The Collapse of First Executive Corporation: Junk Bonds, Adverse Publicity, and the "Run on the Bank" Phenomenon • 1994
Accounting Choice in Troubled Companies • 1994
Dividends and Losses • 1992
Proxy Contests • 1992
Union Negotiations and Corporate Policy: A Study of Labor Concessions in the Domestic Steel Industry During the 1980's • 1991
Dividend Policy and Financial Distress: An Empirical Investigation of Troubled NYSE Firms • 1990
Accounting Information and Corporate Governance: Market and Analyst Reactions to Earnings of Firms Engaged in Proxy Contests • 1990
Equity Valuation and Corporate Control • 1990
Proxy Contests and the Governance of Publicly Held Corporations • 1989
Discussion of "Evidence of Earnings Management from the Provision for Bad Debts" • 1988
Managerial Competition, Information Costs, and Corporate Governance: The Use of Accounting Performance Measures in Proxy Contests • 1988
Management Buyouts of Publicly-Traded Corporations • 1987
Accounting Numbers as Market Valuation Substitutes: A Study of Management Buyouts of Public Stockholders • 1986
Managerial Ownership of Voting Rights: A Study of Public Corporations with Dual Classes of Common Stock • 1985
Going Private: Minority Freezeouts and Stockholder Wealth • 1984
Going Private: The Effects of a Change in Corporate Ownership Structure • 1984
Mandated Successful Efforts and Auditor Choice • 1982
Unrecorded Human Assets and the 'Hold Up' Problem • 1982
Auditor Size and Audit Quality • 1981
Auditor Independence, 'Low Balling,' and Disclosure Regulation • 1981
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