Michael Lemmon

Research Associate

Department of Finance

Staff

Areas of Expertise
Capital Markets
Corporate Finance
Finance
Mergers & Acquisitions

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Education

Ph.D. Business Administration, University of Utah

M.S. Electrical Engineering, University of Utah

B.S. Electrical Engineering, University of Utah

Publications

MICHAEL L LEMMON, & John Bizjak, Thanh Nguyen. (2011) Are All CEOs Above Average: An Empirical Examination of Compensation Peer Groups and Pay Design. Journal of Financial Economics. pending. Discipline based – refereed, Pending, 02/2011.

Lemmon, M., & Elena Asparouhova, Michael Hertzel. (2009). Inference from Streaks in Random Outcomes. Management Science. Discipline based – refereed, Published, 11/2009.

Lemmon, M., & John Bizjak and Ryan Whitby. (2009). Option Backdating and Board Interlocks. Review of Financial Studies. Discipline based – refereed, Published, 2009.

Lemmon, M., & John Bizjak and Lalitha Naveen. (2008). Has the Use of Peer Groups Contributed to Higher Levels of Executive Compensation. Journal of Financial Economics. Discipline based – refereed, Published, 2008.

Lemmon, M., & Michael Roberts and Jaime Zender. (2008). Back to the Beginning: Persistence and the Cross-Section of Capital Structure. Journal of Finance. Discipline based – refereed, Published, 2008.

Lemmon, M., & Shmuel Baruch and Andrew Karolyi. (2007). Multi-market trading and liquidity: Theory and evidence. Journal of Finance. Discipline based – refereed, Published, 2007.

Lemmon, M., & Hank Bessembinder. (2006). Gains From Trade Under Uncertainty: The Case Of Electric Power Markets. Journal of Business. Discipline based – refereed, Published, 2006.

Lemmon, M., & Thomas Bates and James Linck. (2006). Shareholder wealth effects and bid negotiation in freezeout deals: Are minority shareholders left out in the cold. Journal of Financial Economics. Discipline based – refereed, Published, 2006.

Lemmon, M., & Evgenia Portnaiguina. (2006). Consumer confidence and asset prices: Some empirical evidence. Review of Financial Studies. Discipline based – refereed, Published, 2006.

Lemmon, M., & John Bizjak and Carr Bettis. (2005). Exercise Behavior, Valuation, and the Incentive Effects of Employee Stock Options. Journal of Financial Economics. Discipline based – refereed, Published, 2005.

Lemmon, M., & Hideaki Kiyoshi Kato, Mi Luo, and James Schallheim. (2005). An Empirical Examination of the Costs and Benefits of Executive Stock Options: Evidence from Japan. Journal of Financial Economics. Discipline based – refereed, Published, 2005.

Lemmon, M., & Thomas Bates. (2003). Breaking Up is Hard to Do? An Empirical Analysis of Termination Fee Provisions in Merger Agreements. Journal of Financial Economics. 69, 469-504. Discipline based – refereed, Published, 2003.

Lemmon, M., & Karl Lins. (2003). Ownership Structure, Corporate Governance, And Firm Value: Evidence From The East Asian Financial Crisis. Journal of Finance. 58, 1445-1468. Discipline based – refereed, Published, 2003.

Lemmon, M., & Michael Hertzel, James Linck, and Lynn Rees. (2002). Long-Run Performance Following Private Placements of Equity. Journal of Finance. 57, 2595-2617. Discipline based – refereed, Published, 2002.

Lemmon, M., & John Griffin. (2002). Book-to-Market Equity, Distress Risk, and Mispricing. Journal of Finance. 57, 2317-2335. Discipline based – refereed, Published, 2002.

Lemmon, M., & Hank Bessembinder. (2002). Equilibrium Pricing and Optimal Hedging in Electricity Forward Markets. Journal of Finance. 57, 1347-1382. Discipline based – refereed, Published, 2002.

Lemmon, M., & John Graham and Jack Wolf. (2002). Does Corporate Diversification Destroy Value?. Journal of Finance. 57, 695-720. Discipline based – refereed, Published, 2002.

Lemmon, M., & John Bizjak and Carr Bettis. (2001). Managerial Ownership, Incentive Contracting, and the Use of Zero-Cost Collars and Equity Swaps by Corporate Insiders. Journal of Financial and Quantitative Analysis. Published, 2001.

Lemmon, M., & Carr Bettis and Jeff Coles. (2000). Corporate Policies Restricting Trading by Insiders. (pp. 191-220). Journal of Financial Economics. Published, 2000.

Lemmon, M., & Ronald Anderson, Thomas Bates and John Bizjak. (2000). Corporate Governance and Firm Diversification. (pp. 5-22). Financial Management. Published, 2000.

Lemmon, M., & James Schallheim and Jaime Zender. (2000). Do Incentives Matter? Managerial Contracts for Dual-Purpose Mutual Funds. (pp. 273-299). Journal of Political Economy. Published, 2000.

Lemmon, M., & John Graham and James Schallheim. (1998). Debt, Leases, Taxes, and the Endogeneity of Corporate Tax Status. (pp. 131-162). Journal of Finance. Published, 1998.

Awards and Honors

Wasatch Advisors Professor. David Eccles School of Business, 2003
Doctoral Teaching Award. DESB, 2001
Best Paper Award. Southern Finance Association, 2001
Best Corporate Finance Paper. Western Finance Association, 2000