Laurie Simon Hodrick

A. Barton Hepburn Professor of Economics in the Faculty of Business

Finance and Economics

Founding Director and Chair, Advisory Board

Program for Financial Studies

BA, Duke, 1984; PhD, Stanford, 1988

Joined CBS in 1996

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Laurie Simon Hodrick

Office
809 Uris

Phone
212-854-8755

E-mail
lsh19@columbia.edu

Fax
212-662-8474

Teaching and research interest

Professor Hodrick is known for her ground-breaking research on the corporate financial decisions made by firms, with a particular interest in share repurchases and dividends, takeovers, and equity offerings. In recognition, she has earned the National Science Foundation Presidential Young Investigator Award, a Smith Breeden Prize for Distinguished Paper in the Journal of Finance, the Western Finance Association's Trefftzs Award, a Roger F. Murray Award for Excellence from the Institute for Quantitative Research in Finance, and numerous research grants. Her work has been published in such acclaimed journals as the American Economic Review, Journal of Finance, Journal of Financial Economics, and Management Science among others. She has served as a National Fellow at the Hoover Institution on War, Revolution, and Peace at Stanford and was selected as one of

Honors and awards

  • National Science Foundation Presidential Young Investigator Award
    1991-1998
  • Smith Breeden Prize for Distinguished Paper in the Journal of Finance
    1992, "Dutch Auction Repurchases: An Analysis of Shareholder Heterogeneity"
  • Singhvi Professor of the Year for Scholarship in the Classroom 1997, 2005, and 2006
    Graduate School of Business, Columbia University.
  • Presidential Award for Outstanding Teaching, Columbia University, 2006
    Presidential Award for Outstanding Teaching, Columbia University 2006

Memberships and Affiliations

  • Associate Editor
    Journal of Finance, 2000-2003
    Financial Management, 1999-2006
  • Advisory Editor, Social Sciences Electronic Publishing
    Financial Economics Network Educator: Courses, Cases, and Teaching Abstracts, 2000-present
    Financial Economics Network Course Electronic Journal, 1998-2000
  • Coeditor
    Journal of Economics & Management Strategy, 2005-2010

Journal articles

Liquidity: Considerations of a Portfolio Manager In Financial Management (2009)
Author(s): Laurie Simon Hodrick, Pamela Moulton

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Synergies and Internal Agency Conflicts: The Double-Edged Sword of Mergers In Journal of Economics and Management Strategy (2006)
Author(s): Paolo Fulghieri, Laurie Simon Hodrick

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Predicting Equity Liquidity In Management Science (2002)
Author(s): William Breen, Laurie Simon Hodrick, Robert Korajczyk

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Does Stock Price Elasticity Affect Corporate Financial Decisions? In Journal of Financial Economics (1999)
Author(s): Laurie Simon Hodrick

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Veblen Effects in a Theory of Conspicuous Consumption In American Economic Review (1996)
Author(s): Laurie Simon Hodrick, B. Douglas Bernheim

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Influence Costs and Capital Structure In Journal of Finance (1993)
Author(s): Laurie Simon Hodrick, Josef Zechner

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Dutch Auction Repurchases: An Analysis of Shareholder Heterogeneity In Journal of Finance (1992)
Author(s): Laurie Simon Hodrick

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Share Repurchase and Takeover Deterrence In RAND Journal of Economics (1991)
Author(s): Laurie Simon Hodrick

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Shareholder Heterogeneity: Evidence and Implications In American Economic Review (1991)
Author(s): Laurie Simon Hodrick

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Cash Distributions to Shareholders In Journal of Economic Perspectives (1989)
Author(s): Laurie Simon Hodrick, John Shoven

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CaseWorks

Four Princesses, Meet the Fantastic Four: Disney's 2009 Acquisition of Marvel: Spring 2012
Author(s): Laurie Hodrick

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Don't Be Evil: Google's 2004 Dutch Auction Initial Public Offering: Fall 2009
Author(s): Laurie Hodrick

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Walgreen Company, 1990: The Cash Distribution Decision: Fall 2008
Author(s): Laurie Hodrick

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Cash is King: Microsoft's 2004 Cash Disbursement: Summer 2010
Author(s): Laurie Hodrick

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Working Papers

Self-Selection and Stock Returns Around Corporate Security Offering Announcements Working paper (2012)
Author(s): Marie Dutordoir, Laurie Simon Hodrick

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