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Lubomir P. Litov

Lubomir P. Litov.

Lubomir P. Litov

Associate Professor of Finance

Michael F. Price Professor

Affiliate Associate Professor of Law, College of Law

About Litov

Lubomir Litov is the David M. Moffett Professor of Corporate Finance and an associate professor in finance at the University of Oklahoma. He received his Ph.D. in Economics from Leonard Stern School of Business at the New York University. Prior to joining the Price College of Business, Dr Litov worked at the University of Arizona and the Washington University in St. Louis. He is also a research associate at the Financial Institutions Center at the Wharton School of the University of Pennsylvania. Dr Litov has published research in the Journal of Finance, Journal of Financial Economics, Journal of Accounting and Economics, Management Science, among others.


Education

  • Ph.D. in Economics, Leonard Stern School of Business, New York University

Publications

  • “Big Three (Dis)Engagements” co-authored with Dhruv Aggarwal, and Shivaram Rajgopal, forthcoming, Journal of Law and Economics.




  • "Capitalizing Entrepreneurship: The Rise of Growth Equity" with Bill Megginson, Gabriele Lattanzio and Alina Munteanu, Journal of Applied Corporate Finance, 2022.

  • "The Rise of Dual-Class Stock IPOs” with Ofer Eldar, Yael Hochberg, and Dhruv Aggarwal, Journal of Financial Economics, forthcoming.

Poison Pills in the Shadow of the Law” co-authored with K.J. Martijn CremersSimone M. Sepe, and Michal Zator, forthcoming, Journal of Financial and Quantitative Analysis

Venture Capitalist Directors and Managerial Incentives” co-authored with William MegginsonRomora Sitorus, and Summer Xia, forthcoming,  Journal of Corporate Finance.

“The Effect of Policy Uncertainty on Venture Capital Investments Around the World,” co-authored with Professor Summer Liu (University of Richmond) and Romora Sitorus (Indonesian Government), forthcoming, Journal of Law, Finance, and Accounting.

"Capitalizing Entrepreneurship: The Rise of Growth Equity" with Bill Megginson, Gabriele Lattanzio and Alina Munteanu, Journal of Applied Corporate Finance, 2022.

"The Rise of Dual-Class Stock IPOs” with Ofer Eldar, Yael Hochberg, and Dhruv Aggarwal, Journal of Financial Economics, forthcoming.

“Expert Advice in the Presence of Conflicts of Interest: The Case of Star-Crossed Acquisitions” with Gil Aharoni, Bryan Lim, and Jordan Neyland, Review of Accounting Studies, forthcoming.

"Actively Keeping Secrets from Creditors: The Uniform Trade Secrets Act and Financial Leverage” with Scott Guernsey and Kose John, Journal of Financial and Quantitative Analysis, forthcoming.

“Lead Independent Directors: Good Governance or Window Dressing?” with Landon Mauler and Phillip Lamoureux, Journal of Accounting Literature, 2019.

“Staggered Boards and Long-term Firm Value, Revisited” with K. J. Martijn Cremers and Simone Sepe, Journal of Financial Economics, 2017, Vol. 126: 422-444.

 “Shared Auditors in Mergers and Acquisitions” with Dan Dhaliwal, Philip Lamoreaux and Jordan Neyland, Journal of Accounting and Economics, 2016, Vol. 61: 49-76.

 “Lawyers and Fools: Lawyer-Directors in Public Corporations” with Simone Sepe and Charles Whitehead, Georgetown Law Journal, Vol. 102, 2013.

  • Reprinted in the Corporate Practice Commentator.
  • Reproduced in T.H. Maynard & D. M. Warren, Business Planning: Financing the Start-up Business and Venture Capital Financing (2014).

“Corporate Strategy, Analyst Coverage, and the Uniqueness Discount” with Todd Zenger and Patrick Moreton, Management Science, 2012, Vol. 58 (10): 1797-1815.

“Creditor Rights and Corporate Risk-taking” with Yakov Amihud and Viral Acharya, Journal of Financial Economics, 2011, Vol. 102: 150-166.

“Can Mutual Fund Managers Pick Stocks? Evidence from their Trades Prior to Earnings Announcements,” with Malcolm Baker, Jessica Wachter, and Jeffrey Wurgler, Journal of Financial and Quantitative Analysis, 2010, Vol. 45: 1111-1131.

  • Lead Article.
  • Winner of the William Sharpe award for the best paper published in JFQA in 2010.

“Managerial Entrenchment and Capital Structure: New Evidence” with Kose John, Journal of Empirical Legal Studies, 2010, Vol. 7: 693-742.

"Earnings Persistence,” with Richard Frankel, Journal of Accounting and Economics, 2009, Vol. 47: 182-190 (invited discussion of “Earnings Volatility and Earnings Predictability” by Ilia Dichev and Vicki Tang, Journal of Accounting and Economics, 2009, Vol. 47: 160-181).

“Corporate Governance and Risk-Taking” with Kose John and Bernard Yeung, Journal of Finance, 2008, Vol. 63: 1679-1728.

"Large Investors, Price Manipulation, and Market Breakdown - Anatomy of Market Corners,” with Franklin Allen and Jianping Mei, Review of Finance, 2006, Vol. 10: 645-693.


Awards

  • Harold E. Hackler Outstanding MBA Professor (Full-Time Program) Award, 2022
  • Best Paper Award, 26th Finance Forum, Santander Financial Institute (SANFI), Spain, 2018.
  • Merrick Foundation Teaching Award, University of Oklahoma, 2018 (university-wide).
  • Hurley Roberson Teaching Excellence Award, University of Oklahoma, 2017
  • Best Paper Award, Corporate Governance Symposium, University of Delaware, 2014.
  • Cramer Faculty Award for Ethics, University of Arizona, 2013 (student-voted).
  • Don Wells Award for Outstanding Faculty Mentor, University of Arizona, 2013 (student-voted).
  • Eller “Undergraduate Faculty of the Year” Award, University of Arizona, 2012 (student-voted).
  • McGuire Entrepreneurship Center Grant Award, University of Arizona, 2012.

About OU's Price College of Business

The University of Oklahoma Michael F. Price College of Business has experienced significant growth over the past five years, becoming OU’s second-largest college with over 7,000 students. The college offers highly ranked undergraduate, master’s, executive and doctoral programs across six academic divisions. More information is available at price.ou.edu