Leonce Bargeron

Assistant Professor
Finance
Office: 
346 Mervis Hall
Phone: 
412-648-1642

Degrees

  • PhD in Finance, University of North Carolina, Chapel Hill
  • MA in Economics, University of Virginia
  • BA in Physics, University of Pennsylvania

Courses Recently Taught

  • BUSFIN 1030 Introduction to Finance

Profile

Leonce Bargeron joined the finance faculty in 2005. His research interests include mergers & acquisitions, corporate governance, capital structure, and options. Prior to pursuing his academic career, Professor Bargeron was an options market maker for six years (three years trading foreign currency options on the floor of Philadelphia's PHLX, two years trading FTSE 100 options on the floor of London's LIFFE and one year trading OTC options for BNP in Paris). Subsequent to trading, he served for two years as the CFO of Ram Tool and Supply Co.

Recent Publications

"Disagreement and the Informativeness of Stock Returns: The Case of Acquisition Announcements," with Kenneth Lehn, Sara Moeller, and Frederik Schlingemann. Journal of Corporate Finance, forthcoming. 

"Do Shareholder Tender Agreements Inform or Expropriate Shareholders?" Journal of Corporate Finance, 18, 373-388.

"Accelerated Share Repurchases" with Manoj Kulchania and Shawn Thomas, 2011, Journal of Financial Economics, 101, 69-89.

"Sarbanes-Oxley and Corporate Risk Taking" with Kenneth Lehn and Chad Zutter, 2009, Journal of Accounting and Economics, 49, 34-52.

"Why Do Private Acquirers Pay So Little Compared to Public Acquirers?" with Frederik Schlingemann, René Stulz, and Chad Zutter, 2008, Journal of Financial Economics, 89, 375-390, reprinted in Corporate Takeovers, Modern Empirical Developments, vol. 1, B. Espen Eckbo, ed., Elsevier Academic Press. Jensen Prize for the Best Paper Published in the Journal of Financial Economics in the Areas of Corporate Finance and Organizations.

Recent Working Papers

"Taxes, Investment, and Capital Structure: A Study of U.S. Firms in the Early 1900s," with David Dennis and Kenneth Lehn. 

"Are Acquisition Premiums Lower Because of Target CEOs' Conflict of Interest?" with Frederik Schlingemann, René Stulz, and Chad Zutter.

"The Timing and Source of Long-run Returns Following Repurchases," with Alice Bonaime and Shawn Thomas. 

"Corporate Culture, Trust, and M&A Activity," with Kenneth Lehn and Jared Smith.

"Limited Liability and Share Transferability: An Analysis of California Firms, 1920-1940," with Kenneth Lehn. 

Awards and Honors

Jensen Prize for Corporate Finance and Organizations for the best paper in the Journal of Financial Economics, 2008

CBA Best Teaching in the Core  Award 2007/08, 2008/09, 2012/13.