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.
Professional Memberships
American Finance Association PresentNational Investor Relations Insitute PresentBoston Security Analysts Society 1985 - PresentCFA Institute 1985 - PresentFinancial Management Association International 1980 - PresentPublications
Journal Articles
Rosenthal, L., Huang, I., Gleason, K. C., Smith, D. (2016). IPO Firms Voluntary Compliance with SOX 404 as Evidence on the Value of Internal Quality Control. Advances in Business Research, (Volume 7) 1 14. Rosenthal, L., Lee, B., Veld, C., Veld-Merkoulova, Y. (2015). Stock Market Expectations and Risk Aversion of Individual Investors. International Review of Financial Analysis, (40) 122-131. (Link)Minnick, K. L., Rosenthal, L. (2014). Stealth compensation : do CEOs increase their pay by influencing dividend policy? . Journal of Corporate Finance, (25) 435-454 . (Link)Rosenthal, L., Gleason, K. C., Madura, J. (2011). To Be or Not To Be Public: The Impact of SOX . Quarterly Journal of Finance and Accounting, (50) 2 25-53. (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 (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. SummerKane, 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 Papers
Rosenthal, L., Gleason, K., Madure, J. (2005). Going Private - Pre and Post SOXFinancial Management Association, Annual Meeting of the Financial Management Association. Wiggins, R. A., Gleason, K., Rosenthal, L. (2003). Backing into Being Public: An Exploratory Analysis of Reverse TakeoversFinancial Management Association, 2003 FMA Annual Conference.
Presentations
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 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 Bicentary Meeting Lecce, Italy Rosenthal, L., Reis, E. (2013). “Can Capital Expenditures Be Value Destroying? An International Perspective” Presented at the Midwest Finance Association 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 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 Midwest Finance Association Chicago Rosenthal, L., Gleason, K., Madure, J. (2005). “Going Private - Pre and Post SOX” Presented at the Financial Management Association 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 theFinancial 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 theFinancial Management Association Annual Meeting New Orleans Gleason, K., Rosenthal, L., Wiggins, R. A. (2003). “Reverse Takeovers: Backing into Being Public” Presented at theFinancial Management Association Annual Meeting Orland DeJong, A., Rosenthal, L., Van Dijk, Mathijs, . (2003). “The Limits of Arbitrage: Evidence from Dual Listed Companies” Presented at theNorthern 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 2003 FMA Annual Conference Denver, Colorado DeJong, A., Rosenthal, L. (2000). “The Anomalous Price Behavior of Elsevier NV and Reed International PLC” Presented at theFinancial Management Association Eurpoean Annual Meeting Edinbrugh Scotland Rosenthal, L., Sullivan, T. G. (2000). “Controlvs. Liquidity - The Case of Dual Class Equities” Presented at theFinanical Management Assoication Annual Meeting Seattle Rosenthal, L. (1999). “The Anomalous Price Behavior of Elsevier NV and Reed International PLC” Presented at theSouthern 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 theEastern Finance Association Williamsburg, VA Arenella, L. S., Rosenthal, L. (1998). “SWORD Financing in the Biotechnology Industry: History and Analysis of a New Financing” Minnick, K. L., Rosenthal, L. (). “Stealth Compensation: Do CEOs/Directors Increase Their Pay by Influencing Dividend Policy” Presented at the Financial Management Association FMA Europe Conference Istanbul Turkey Service
Department Service
I was not involved in the early stage identification of candidates to interview at the Financial Management Association conference, nor in the process to choose which candidates to invite to campus. I participated in the process when the 3 "finalists" were brought to campus: going to their presentation, meeting with them in my office, going to lunch with them anddiscussing/voting at the meeting where the department chose who make offers to. for Recruiting 2019 - 2019Committee Member for Department Search Committee 2018 - 2018Committee Member for Department Tenure Committee 2018 - 2018Committee Member for Department Tenure Committee 2016 - 2016Committee Member for Department Undergraduate Curriculum Committee 2016 - 2016Committee Member for Department Recruiting Committee 2013 - 2013Committee Member for Tenure Faculty Committee 2013 - 2013Committee Member for Tenure Faculty Committee 2012 - 2012Faculty Advisor for 2009 - 2010Committee Member for Curriculum 2009 - 2009Committee Member for Curriculum Committee 2008 - 2008Committee Member for Curriculum Committee 2007 - 2007Committee Member for Recruiting Committee 2007 - 2007Course Coordinator for 2005 - 2005Committee Member for Curriculum Committee 2005 - 2005Guest Taught a Class - ID 298: Ethics and Corporate Scandals for - 2005University Service
Committee Member for Faculty Evaluation Policy Committee 2019 - PresentCommittee Member for Teaching and Scholarly Activities Committee 2018 - 2018University Senate for Faculty Senate - Dept. Representativie 2016 - 2016Committee Member for Salary & Benefits 2016 - 2016Committee Member for Salary & Benefits 2015 - 2015University Senate for Faculty Senate - Dept. Representativie 2015 - 2015University Senate for Faculty Senate - Dept. Representativie 2014 - 2014Committee Member for Faculty Senate 2013 - 2013Committee Chair for Salary & Benefits Committee 2013 - 2013Committee Chair for Salary & Benefits Committee 2012 - 2012University Senate for Faculty Senate - Dept. Representativie 2012 - 2012Committee Member for Salary & Benefits Committee 2012 - 2012University Senate for Faculty Senate - Dept. Representativie 2011 - 2011Committee Member for Teaching and Scholarly Awards 2010 - 2010Committee Member for Teaching and Scholarly Awards 2009 - 2009Committee Member for Teaching and Scholarly Acitivies Committee 2008 - 2008Professional Service
Reviewer, Ad Hoc Reviewer for the U.K. Government Office for Science Foresight: Future of ComputerTrading in Financial Markets 2011 - 2011
