Frederik P. Schlingemann

H.R. and Betty Young Faculty Fellow in Finance and Associate Professor of Business Administration

 

Finance
Office: 
368A Mervis Hall
Phone: 
412-648-1847
Curriculum Vitae: 

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, 2001-12
Corporate Finance, 2001-07

Profile

Frederik P. Schlingemann is an associate professor of finance at the Katz Graduate School of Business at the University of Pittsburgh. He has served as the Finance Area Director (Chair) from 2009 to 2012 and held the Barry J. Epstein Faculty Fellowship from 2010 to 2016. 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 São 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 Pittsburgh EMBA 30, EMBA 31, EMBA 33, EMBA 37, EMBA 42, and EMBA 43 (2016), and the Katz EMBA program in Prague in the years 2002, 2003, 2007, 2008, and 2015.

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

  • Jesse A. Ellis, Sara B. Moeller, Frederik P. Schlingemann, and René M. Stultz, 2016, Portable country governance and cross-border acquisitions, Journal of International Business Studies, forthcoming.
  • Frederik P. Schlingemann and Hong Wu, 2015, Determinants and shareholder wealth effects on the sales method in M&A. Journal of Banking and Finance 59, 469-485.
  • Peter Roosenboom, Frederik P. Schlingemann, and Manuel Vasconcelos, 2014. Does stock liquidity affect the incentives to monitor? Evidence from corporate takehovers, Review of Financial Studies 27, 2392-2433.
  • Thomas J. Boulton, Marcus Braga-Alves, and Frederik P. Schlingemann, 2014. Does equity-based compensation make CEOs more acquisitive? Journal of Financial Research 37-3, 267-293 (lead article).
  • Leonce L. Bargeron, Kenneth Lehn, Sara B. Moeller, and Frederik P. Schlingemann, 2014. Disagreement and informativeness of stock returns: The case of acquisition announcements. Journal of Corporate Finance 25, 155-172.
  • Ranjan D’Mello, Ilhan Demiralp, Frederik P. Schlingemann, and Venkat Subramaniam, 2011. The monitoring versus informational role of institutional investors: Evidence from seasoned equity offerings. Journal of Corporate Finance, 17, 1340-1359.
  • 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

  • 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.
  • Specialized resources and bidder returns: Evidence from targerts with founder CEOs. With Shyam Kumar and Nandu Nagarajan
  • The real effects of credit ratings: Evidence from corporate asset sales. With Dion Bongaerts
  • Governance, CEO power and relative performance evaluation effectiveness. With Lin Ge, Jing Zhao, and Hong Wu

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