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Erik  Lie

Erik Lie Finance

Professor, and Departmental Executive Officer
Henry B. Tippie Research Professor of Finance
S252  Pappajohn Business Building
The University of Iowa, Iowa City, IA 52242-1994

Academic History

  • PhD in Finance, Purdue University, 1996
  • MBA, University of Oregon, 1991
  • BS, University of Oregon, 1990


    • MBA Finance Academy Faculty of the Year, 2012-13, Full-time MBA program, Tippie School of Management, April 2013
    • Jensen Prize, Journal of Financial Economics, June 2008
    • Time 100 -- Time Magazine's list of the 100 most influential people in the world, 2007
    • 2007 Notable Contributions to Accounting Literature Award, The American Institute of Certified Public Accountants and the American Accounting Association, August 2007
    • Power 30 -- SmartMoney Magazine's list of the 30 most influential people on Wall Street, 2006

    Selected Publications

    • The Role of Investment Banker Directors in M&A: Can Experts Help?, Qianqian Huang, Feng Jiang, Erik Lie, Ke Yang, Journal of Financial Economics, 2013 - Publication Details Forthcoming
    • Share repurchases, catering, and dividend substitution, Zhan Jiang, Kenneth A. Kim, Erik Lie, Sean Yang, Journal of Corporate Finance, 2013
    • The effect of change-in-control covenants on takeovers: Evidence from leveraged buyouts, Erik Lie, Matthew T. Billett, Zhan Jiang, Journal of Corporate Finance, vol 16, 2010, 1-15
    • Option grant backdating investigations and capital market discipline, Erik Lie, Kenneth Carow, Randall Heron, Robert Neal, Journal of Corporate Finance, vol 15, 2009, 562-572
    • Financial restructuring in fresh start Chapter 11 reorganizations, Erik Lie, Kimberly J. Rodgers , Randall A. Heron, Financial Management, 2009
    • What fraction of stock option grants to top executives have been backdated or manipulated?, Erik Lie, Randall A. Heron, Management Science, vol 55, 2009, 513-525
    • Dividend Changes and Catering Incentives, Wei Li, Erik Lie, Journal of Financial Economics, vol 80, 2006, 293-308

    Working Papers

    • Do stock options overcome managerial risk aversion? Evidence from option exercises, Randall Heron, Erik Lie
    • The effect of labor unions on CEO compensation, Erik Lie, Feng Jiang, Tingting Que, Qianqian Huang
    • Cash holding adjustments and firm entrenchment, Erik Lie, Zhan Jiang
    • Is cash king? An analysis of mixed payments in corporate takeovers and the preferences of target shareholders, Erik Lie, Audra L. Boone, Yixin Liu
    • Weighing the Evidence on Earnings Management to Meet Dividend Thresholds, Jaewoo Kim, Kyeong Hun Lee, Erik Lie

            Prior Positions

            • Wilson P. and Martha Claiborne Stephens Associate Professor, College of William & Mary, 2002 - 2004
            • Assistant Professor, College of William & Mary, 1996 - 2002

              Professional Affiliations

              • Editor, Financial Management Survey & Synthesis Series, January 2011 - current
              • Associate Editor, Financial Management, January 2010 - current

                Committees and Professional Service

                • MBA committee
                • EFC, 2009-2011
                • Dean's Advisory Council , 2008-2010
                • P&T Committee, 2008-2010