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Frederik P. Schlingemann

Associate Professor of Business Administration

Office: 352 Mervis Hall
Phone: 412-648-1847
E-mail: schlinge@katz.pitt.edu
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Frederik Schlingemann

Degrees

PhD in Business Administration (Finance), The Ohio State University
MA in Business Administration (Finance), The Ohio State University
MA in Economics, University of Amsterdam
BA in Economics, University of Amsterdam

Courses Recently Taught

Graduate
Financial Management (MBA), 2001–08

Executive (EMBA & IEMBA)
Introduction to Financial Management, 2001–08
Corporate Finance, 2001–07

Area

Finance

Profile

Frederik P. Schlingemann is an associate professor of finance at the Katz Graduate School of Business at the University of Pittsburgh. He earned his doctorate in finance at The Ohio State University. His teaching interests are focused in the area of corporate finance. He has taught a variety of courses at the executive level in Manchester (United Kingdom), Pittsburgh, Prague (Czech Republic), and Sao Paulo (Brazil). He also teaches the core finance class in the full-time MBA program. He has won several teaching awards and has been awarded the Distinguished Professor Award by EMBA30, EMBA 31, and EMBA33.

Schlingemann's research interests revolve around the question of optimal financing and investment decisions in corporations, particularly merger and acquisition related decisions. Current projects include private equity acquisitions and managerial retention, cross-border acquisitions, and the effects of acquisitions on risk and uncertainty. His research has been published in top academic journals like the Journal of Finance, the Review of Financial Studies, the Journal of Financial Economics, and the Journal of Banking and Finance. His research has been cited in the Wall Street Journal, The Economist, Business Week, NPR, and the New York Times. His paper "Why do private acquirers pay so little compared to public acquirers?" coauthored with Leonce Bargeron, Rene Stulz and Chad Zutter has won the Jensen Prize in Corporate Finance and Organizations awarded by the Journal of Financial Economics for best paper in 2009. Previous research has examined the decision to divest corporate divisions and the determinants of which division to divest as well as questions relating to the valuation of cross-border versus domestic mergers and acquisitions.

Recent Publications

  • Scott W. Bauguess, Sara B. Moeller, Frederik P. Schlingemann, and Chad J. Zutter, 2009 Ownership structure and target returns, Journal of Corporate Finance 15, 48-65.
  • Leonce L. Bargeron, Frederik P. Schlingemann, René M. Stulz, and Chad J. Zutter, 2008 Why do private acquirers pay so little compared to public acquirers?, Journal of Financial Economics 89-3, 375-390.
  • Sara B. Moeller, Frederik P. Schlingemann, and René M. Stulz, 2007, Do acquirers with more uncertain growth prospects gain less from acquisitions?, Review of Financial Studies 20-6, 2047-2078.
  • Sara B. Moeller and Frederik P. Schlingemann, 2005, Global diversification and bidder gains: A comparison between cross-border and domestic acquisitions, Journal of Banking and Finance 29, 533-564
  • Sara B. Moeller, Frederik P. Schlingemann, and René M. Stulz, 2005, Wealth destruction on a massive scale: A study of acquiring firm returns in the merger wave of the late 1990s, Journal of Finance 60, 757-782
  • Sara B. Moeller, Frederik P. Schlingemann, and René M. Stulz, 2004, Firm size and the gains from acquisitions, Journal of Financial Economics 73, 201-228
  • Frederik P. Schlingemann, 2004, Financing decisions and bidder gains, Journal of Corporate Finance 10, 683-701
  • Frederik P. Schlingemann, René M. Stulz and Ralph A. Walkling, 2002, Divestitures and the liquidity of the market for corporate assets, Journal of Financial Economics 64, 117-144, reprinted in Corporate Restructuring, vol. 2, John Campbell and David J. Denis, ed., Edward Elgar Publishing, 2005.

Recent Working Papers and Work in Progress

  • Bidder returns and the distribution of expected returns around takeover announcements. With Leonce L. Bargeron, Kenneth Lehn, and Sara B. Moeller
  • Do target CEOs sell out their shareholders to keep their job in a merger? With Leonce L. Bargeron, René M. Stulz, and Chad J. Zutter, NBER Working Paper #14724
  • Serial acquirers and growth through acquisitions. With Sara B. Moeller and René M. Stulz
  • The role of corporate governance in the division of gains in cross-border acquisitions. With Jesse Ellis, Sara B. Moeller and René M. Stulz
  • PIPE financing and acquisitions. With Ioannis Floros and Chad J. Zutter
  • Family firms, founders, and acquisition performance. With Nandu Nagarajan, Marieke van der Poel, and Mehmet Yalin
  • Risk factors in takeovers. With Leonce Bargeron and Chad J. Zutter

Activities and Awards

Research

  • Jensen Prize for Corporate Finance and Organizations for the best paper in the Journal of Financial Economics, 2009
  • Best paper award from the Journal of Corporate Finance, Conference and Special Issue on Corporate Control, Mergers, and Acquisitions, 2008
  • Nomination for Brattle Prize in Corporate Finance from the Journal of Finance, 2005

Teaching

  • Dean's Teaching Excellence Award - Executive MBA program (Prague 3), 2009
  • Distinguished Professor Award - Executive MBA program (Prague CP-RB), 2008
  • Dean's Teaching Excellence Award - Executive MBA program (Prague 3), 2007
  • Distinguished Professor Award-Executive MBA program (EMBA 33), 2006
  • Dean's Teaching Excellence Award - Full-time MBA program, 2005
  • Dean's Teaching Excellence Award - Executive MBA program, 2004
  • Distinguished Professor Award - Executive MBA program (EMBA 31), 2004
  • Dean's Teaching Excellence Award - Executive MBA program, 2003
  • Distinguished Professor Award - Executive MBA program (EMBA 30), 2003
  • Outstanding Faculty of the Year Award - International Executive MBA, 2003
  • Outstanding Faculty of the Year Award - International Executive MBA, 2002
  • Dean's Teaching Excellence Award - College of Business Administration, 2001

Other

  • FMA Annual Meeting Program Committee, 2009
  • Program Committee Financial Management Association, 2002
  • Program Committee Eastern Finance Association, 2000
  • Program Committee Eastern Finance Association, 1999
  • Ad-hoc Referee for the Journal of Financial Economics, Journal of Finance, Journal of Banking and Finance, Financial Management, Journal of Corporate Finance, Financial Review, Sloan Management Review