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Leonard Rosenthal

Professor, Finance
Ph.D., City Univ of New York, 1977
Office: Adamian Academic Center 225 | 781.891._2516 | lrosenthal@bentley.edu
                       


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Bio

Areas of special knowledge: investor relations, corporate governance. Current areas of interest are corporate governance, equity valuation, portfolio management, international finance . Published in the Journal of Finance, Journal of Financial Economics, Journal of Banking and Finance, Journal of International Money and Finance, Financial Management and Financial Analysts Journal. Has been quoted in the Washington Post, Chicago Tribune, Los Angeles Times, Boston Globe, BusinessWeek.com. Previously taught at Boston University, University of Wisconsin-Madison and Baruch College, CUNY.

Teaching Interests

Investments; Portfolio Theory and Practice; Equity Valuation

Research Interests

Corporate Governance; Valuation; Arbitrage; Investor Relations

Professional Memberships

American Finance Association
Association for Investment Management & Research
National Investor Relations Insitute

Publications

Journal Articles
Rosenthal, L., Gleason, K. C., Madura, J. To Be or Not To Be Public: The Impact of SOX . Forthcoming in Quarterly Journal of Finance and Accounting. Forthcoming (link)

de Jong, A., Rosenthal, L., van Dijk, M. (2009). The Risk and Return of Arbitrage in Dual-Listed Companies. Review of Finance, 3 (3), 467-493.

Gleason, K. C., Jain, R., Rosenthal, L. (2008). Alternatives for Going Public: Evidence from Reverse Takeovers, Self-Underwritten IPOs, and Traditional IPOs. Financial Decisons, 20 (1). Forthcoming (link)

Gleason, K., Jain, R., Rosenthal, L. (2008). Alternatives for Going Public: Evidence from Reverse Takeovers, Self-Underwritten IPOs, and Traditional IPOs. Financial Decisions, 20 (1), 1-24. (link)

Gleason, K., Rosenthal, L., Wiggins, R. A. (2005). Reverse Takeovers: Backing Into Being Public. Journal of Corporate Finance, 12 (1), 54-79. (link)

Lee, C., Rosenthal, L., Gleason, K. (2004). Effect of Regulation FD on Asymmetric Information. Financial Analysits Journal. (link)

Samuelson, W., Rosenthal, L. (1996). Price Movements as Indicators of Tender Offer Succes. Journal of Finance, 481-499.

Gupta, A., Rosenthal, L. (1991). Ownership Structure, Leverage, and Corporate Performance: The Case of Leveraged Recapitalizations. Financial Management, 69-93. (link)

Rosenthal, L., Young, C. (1990). The Seemingly Anomalous Price Behavior of Royal Dutch/Shell and Unilever N.V./PLC. Journal of Financial Economics, 123-142.

Rosenthal, L., Sullivan, T. G. (1985). Some Estimates of the Impact of Corporate Diversification on the Valuation and Leverage of USA Firms: Estimates From 1972 Firms. Journal of Business, Finance and Accounting (Summer).

Kane, A., Ljung, G., Rosenthal, L. (1983). Tests of the Fisher Hypothesis with International Data: Theory and Evidence. Journal of Finance, 539-551.

Kane, A., Rosenthal, L. (1982). International Interest Rates and Inflationary Expectations. Journal of International Money and Finance, 1 (1), 97-110.

Conference Proceedings and Presentations

Minnick, K. L., Rosenthal, L. "Stealth Compensation: Do CEOs/Directors Increase Their Pay by Influencing Dividend Policy." Presented at the Financial Management Association's FMA Europe Conference, Istanbul Turkey.

Rosenthal, L., Lee, B., Veld, C., Veld-Merkoulova, Y. (2013). "Stock Market Expectations and Risk Aversion of Individual Investors." Presented at the Academy of Financial Services's Annual Meeting of Academy of Financial Services, Chicago.

Rosenthal, L., Lee, B., Veld, C., Veld-Merkoulova, Y. (2013). "Stock Market Expectations and Risk Aversion of Individual Investors." Presented at the Italian Management Academy 's Bicentary Meeting, Lecce, Italy.

Rosenthal, L., Reis, E. (2013). "Can Capital Expenditures Be Value Destroying? An International Perspective" Presented at the Midwest Finance Association's Annual Meeting of Midwest Finance Association, Chicago.

Rosenthal, L., Minnick, K. L. (2011). "Stealth Compensation: Do CEOs/Directors Increase Their Pay by Influencing Dividend Policy." Presented at the FMA's Financial Management Association, Denver.

Minnick, K. L., Rosenthal, L. (2011). "Stealth Compensation: Do CEOs/Directors Increase Their Pay by Influencing Dividend Policy." Presented at the MFA's Midwest Finance Association, Chicago.

Rosenthal, L., Gleason, K., Madure, J. (2005). "Going Private - Pre and Post SOX." Presented at the Financial Management Association's Annual Meeting of the Financial Management Association, Chicago.

DeJong, A., Rosenthal, L., Van Dijk, Mathijs. (2004). ""The Limits of Arbitrage: evidence from Dual Listed Companies." Presented at the Financial Management Association Annual Meeting, New Orleans.

Rosenthal, L., Gleason, K., Lee, C. (2004). "Motives for Wealth Destructive Managerial Actions: Evidence from Reverse Splits." Presented at the Financial Management Association Annual Meeting, New Orleans.

Gleason, K., Rosenthal, L., Wiggins, R. A. (2003). "Reverse Takeovers: Backing into Being Public." Presented at the Financial Management Association Annual Meeting, Orland.

DeJong, A., Rosenthal, L., Van Dijk, Mathijs. (2003). "The Limits of Arbitrage: Evidence from Dual Listed Companies." Presented at the Northern Finance Association Annual Meeting, Quebec City.

Wiggins, R. A., Gleason, K., Rosenthal, L. (2003). "Backing into Being Public: An Exploratory Analysis of Reverse Takeovers." Presented at the Financial Management Association's 2003 FMA Annual Conference, Denver, Colorado.

DeJong, A., Rosenthal, L. (2000). "The Anomalous Price Behavior of Elsevier NV and Reed International PLC." Presented at the Financial Management Association Eurpoean Annual Meeting, Edinbrugh Scotland.

Rosenthal, L., Sullivan, T. G. (2000). "Controlvs. Liquidity - The Case of Dual Class Equities." Presented at the Finanical Management Assoication Annual Meeting, Seattle.

Rosenthal, L. (1999). "The Anomalous Price Behavior of Elsevier NV and Reed International PLC." Presented at the Southern Finance Association Annual Meeting, Kew West, FL.

Arenella, L. S., Rosenthal, L. (1998). "SWORD Financing in the Biotechnology Industry: History and Analysis of a New Financing Vehicle." Presented at the Eastern Finance Association, Williamsburg, VA.

Arenella, L. S., Rosenthal, L. (1998). "SWORD Financing in the Biotechnology Industry: History and Analysis of a New Financing."

Service

Department Service
Committee Member for Department Recruiting Committee, 2013 - 2013
Committee Member for Tenure Faculty Committee, 2013 - 2013
Committee Member for Tenure Faculty Committee, 2012 - 2012
Faculty Advisor, 2009 - 2010
Committee Member for Curriculum, 2009 - 2009
Committee Member for Curriculum Committee, 2008 - 2008
Committee Member for Curriculum Committee, 2007 - 2007
Committee Member for Recruiting Committee, 2007 - 2007
Course Coordinator for , 2005 - 2005
Committee Member for Curriculum Committee, 2005 - 2005
Guest Taught a Class - ID 298: Ethics and Corporate Scandals - 2005

University Service
Committee Member for Faculty Senate, 2013 - 2013
University Senate for Faculty Senate, 2012 - 2013
Committee Member for Teaching and Scholarly Awards , 2010 - 2010
Committee Member for Teaching and Scholarly Awards, 2009 - 2009
Committee Member for Teaching and Scholarly Acitivies Committee, 2008 - 2008

Professional Service
Reviewer, Ad Hoc Reviewer for the U.K. Government Office for Science Foresight: Future of ComputerTrading in Financial Markets , 2011 - 2011

Public Service
Advisor, Commentator for Shareholderforum.com, 2003
Presenter, Filed Written Report for Delaware Chancery Court - 2007