Harry DeAngelo

University of Southern California - Marshall School of Business - Finance and Business Economics Department

Professor

Marshall School of Business

Los Angeles, CA 90089

United States

  • University of Southern California - Marshall School of Business - Finance and Business Economics Department

    • Email
    • Tel: 213-740-6541
    • Fax: 213-740-6650
SCHOLARLY PAPERS

28

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Top 640

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63,392

TOTAL CITATIONS
Rank 1,181

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Top 1,181

in Total Papers Citations

986

Scholarly Papers (28)

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1.

Capital Structure, Payout Policy, and Financial Flexibility

Marshall School of Business Working Paper No. FBE 02-06
Number of pages: 25 Posted: 17 Jul 2006 Last Revised: 20 May 2009
Harry DeAngelo and Linda DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 8,690 (1,460)
Citation 76

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capital structure, payout policy, dividends, financial flexibility, pecking order, trade-off theory

2.

Corporate Payout Policy

Downloads 7,701 ( 1,770)
Citation 12

Corporate Payout Policy

Foundations and Trends in Finance, Vol. 3, Nos. 2-3, pp. 95-287, 2008
Number of pages: 198 Posted: 07 May 2009 Last Revised: 29 Dec 2012
Harry DeAngelo, Linda DeAngelo and Douglas J. Skinner
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and The University of Chicago - Booth School of Business
Downloads 7,684 (1,761)
Citation 12

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payout policy, dividends, stock repurchase

Corporate Payout Policy

Foundations and Trends in Finance, Vol. 3, No. 2-3, 2008
Number of pages: 197 Posted: 24 Jun 2010
Harry DeAngelo, Linda DeAngelo and Douglas J. Skinner
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and The University of Chicago - Booth School of Business
Downloads 17 (1,083,783)
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corporate payout policy, dividends, stock repurchases

3.

What's Really Wrong with U.S. Business Schools?

Number of pages: 25 Posted: 01 Aug 2005
Harry DeAngelo, Linda DeAngelo and Jerold L. Zimmerman
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Rochester - Simon Business School
Downloads 6,289 (2,494)
Citation 19

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Business school rankings, MBA programs

4.

Optimal Capital Structure Under Corporate and Personal Taxation

Journal of Financial Economics, Vol. 8, No. 1, pp. 3-27, 1980
Number of pages: 27 Posted: 04 Oct 2009 Last Revised: 12 Oct 2009
Harry DeAngelo and Ronald W. Masulis
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of New South Wales, Sydney
Downloads 4,231 (4,942)
Citation 282

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Capital Structure, Corporate Taxes, Personal Taxes, Bankruptcy Costs, Non-debt Tax Shields, Leverage

5.

Liquid-Claim Production, Risk Management, and Bank Capital Structure: Why High Leverage is Optimal for Banks

Downloads 3,931 ( 5,556)
Citation 83

Liquid-Claim Production, Risk Management, and Bank Capital Structure: Why High Leverage is Optimal for Banks

Charles A. Dice Center Working Paper No. 2013-8, Fisher College of Business Working Paper No. 2013-03-08, ECGI - Finance Working Paper No. 356
Number of pages: 45 Posted: 23 Apr 2013 Last Revised: 18 Oct 2014
Harry DeAngelo and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Ohio State University (OSU) - Department of Finance
Downloads 3,815 (5,726)
Citation 83

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Capital structure, banks, capital regulation

Why High Leverage is Optimal for Banks

NBER Working Paper No. w19139
Number of pages: 22 Posted: 21 Jun 2013 Last Revised: 19 Apr 2023
Harry DeAngelo and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department and Ohio State University (OSU) - Department of Finance
Downloads 116 (478,253)

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6.

The Irrelevance of the Mm Dividend Irrelevance Theorem

Number of pages: 28 Posted: 14 Mar 2005
Harry DeAngelo and Linda DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 3,872 (5,716)
Citation 12

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Dividend policy, payout policy, mm theorems, dividend puzzle

7.

Dividend Policy, Agency Costs, and Earned Equity

Downloads 2,971 ( 8,741)

Dividend Policy, Agency Costs, and Earned Equity

Number of pages: 34 Posted: 28 Jun 2004
Harry DeAngelo, Linda DeAngelo and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Ohio State University (OSU) - Department of Finance
Downloads 2,704 (9,974)

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Dividends, payout policy, agency costs, earned equity, earnings, retained earnings

Dividend Policy, Agency Costs, and Earned Equity

NBER Working Paper No. w10599
Number of pages: 35 Posted: 09 Jul 2004 Last Revised: 19 Jun 2022
Harry DeAngelo, Linda DeAngelo and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Ohio State University (OSU) - Department of Finance
Downloads 267 (227,346)

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8.

Capital Structure Dynamics and Transitory Debt

Number of pages: 61 Posted: 04 Sep 2008 Last Revised: 08 Sep 2010
Harry DeAngelo, Linda DeAngelo and Toni M. Whited
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Michigan, Department of Economics
Downloads 2,792 (9,623)
Citation 45

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capital structure, leverage dynamics, target leverage, transitory debt, financial flexibility

9.

Dividend Policy and the Earned/Contributed Capital Mix: A Test of the Lifecycle Theory

Number of pages: 37 Posted: 02 Aug 2005
Harry DeAngelo, Linda DeAngelo and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Ohio State University (OSU) - Department of Finance
Downloads 2,713 (10,100)
Citation 188

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Dividends, payout policy, corporate lifecycle, agency costs

10.

Payout Policy Irrelevance and the Dividend Puzzle

Number of pages: 25 Posted: 09 Apr 2004
Harry DeAngelo and Linda DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 2,642 (10,555)
Citation 8

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Dividend puzzle, payout policy, taxes

11.

Are Dividends Disappearing? Dividend Concentration and the Consolidation of Earnings

Downloads 2,602 (10,786)
Citation 49

Are Dividends Disappearing? Dividend Concentration and the Consolidation of Earnings

Number of pages: 40 Posted: 15 Aug 2002
Harry DeAngelo, Linda DeAngelo and Douglas J. Skinner
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and The University of Chicago - Booth School of Business
Downloads 2,602 (10,589)
Citation 49

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Dividends, earnings, concentration

Are Dividends Disappearing? Dividend Concentration and the Consolidation of Earnings

Posted: 16 Sep 2003
Harry DeAngelo, Linda DeAngelo and Douglas J. Skinner
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and The University of Chicago - Booth School of Business

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12.

How Stable are Corporate Capital Structures?

Journal of Finance, Forthcoming
Number of pages: 50 Posted: 19 Mar 2011 Last Revised: 22 Aug 2013
Harry DeAngelo and Richard Roll
University of Southern California - Marshall School of Business - Finance and Business Economics Department and California Institute of Technology
Downloads 2,473 (11,707)
Citation 85

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capital structure stability, leverage target, leverage persistence

13.

Seasoned Equity Offerings, Market Timing, and the Corporate Lifecycle

Downloads 2,422 (12,093)
Citation 74

Seasoned Equity Offerings, Market Timing, and the Corporate Lifecycle

Fisher College of Business Working Paper No. 2007-03-014, Charles A. Dice Working Paper No. 2007-13
Number of pages: 48 Posted: 21 Jul 2007 Last Revised: 27 Sep 2010
Harry DeAngelo, Linda DeAngelo and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Ohio State University (OSU) - Department of Finance
Downloads 2,286 (13,027)
Citation 74

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market timing, SEO, equity financing, cash balances, corporate lifecycle

Fundamentals, Market Timing, and Seasoned Equity Offerings

NBER Working Paper No. w13285
Number of pages: 38 Posted: 23 Jul 2007 Last Revised: 26 Oct 2022
Harry DeAngelo, Linda DeAngelo and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Ohio State University (OSU) - Department of Finance
Downloads 136 (419,100)

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14.

Asset Liquidity, Debt Covenants, and Managerial Discretion in Financial Distress: The Collapse of L.A. Gear

Number of pages: 36 Posted: 21 Jun 2001
Harry DeAngelo, Linda DeAngelo and Karen H. Wruck
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Ohio State University - Fisher College of Business, Department of Finance
Downloads 2,087 (15,318)
Citation 10

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15.

Special Dividends and the Evolution of Dividend Signaling

Number of pages: 52 Posted: 15 Dec 1999
Harry DeAngelo, Linda DeAngelo and Douglas J. Skinner
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and The University of Chicago - Booth School of Business
Downloads 2,025 (16,042)
Citation 23

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16.

Payout Policy Pedagogy: What Matters and Why

Number of pages: 26 Posted: 16 Mar 2006 Last Revised: 14 Feb 2023
Harry DeAngelo and Linda DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 1,460 (26,628)
Citation 3

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Payout policy, dividends, capital budgeting, corporate finance

17.

Ancient Redwoods, Junk Bonds, and the Politics of Finance: A Study of the Hostile Takeover of the Pacific Lumber Company

Downloads 781 (64,594)
Citation 1

Ancient Redwoods, Junk Bonds, and the Politics of Finance: A Study of the Hostile Takeover of the Pacific Lumber Company

Number of pages: 63 Posted: 01 Feb 1997
Harry DeAngelo and Linda DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 781 (63,610)
Citation 1

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Ancient Redwoods, Junk Bonds, and the Politics of Finance: A Study of the Hostile Takeover of the Pacific Lumber Company

Journal of Financial Economics, Vol. 47, No. 1, (January 1998)
Posted: 23 Mar 1998
Harry DeAngelo and Linda DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Southern California - Marshall School of Business - Finance and Business Economics Department

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18.

The Capital Structure Puzzle: What are We Missing?

Number of pages: 57 Posted: 12 Oct 2021
Harry DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 700 (74,576)
Citation 8

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Capital structure, financial flexibility, payout policy, cash balances

19.

Corporate Deleveraging and Financial Flexibility

Fisher College of Business Working Paper No. 2017-03-028, Charles A. Dice Working Paper No. 2017-03-028
Number of pages: 73 Posted: 17 Nov 2017
Harry DeAngelo, Andrei S. Gonçalves and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Ohio State University (OSU) - Fisher College of Business and Ohio State University (OSU) - Department of Finance
Downloads 656 (80,938)
Citation 4

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deleveraging, financial flexibility, capital structure, payout policy, cash balances, leverage dynamics, financial distress

20.

Corporate Deleveraging

Downloads 542 (102,985)

Corporate Deleveraging

Fisher College of Business Working Paper No. 2016-03-021, Charles A. Dice Center Working Paper No. 2016-21
Number of pages: 68 Posted: 04 Nov 2016
Harry DeAngelo, Andrei S. Gonçalves and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Ohio State University (OSU) - Fisher College of Business and Ohio State University (OSU) - Department of Finance
Downloads 478 (118,542)

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deleveraging, capital structure, payout policy, cash balances, leverage dynamics, financial flexibility, financial distress

Corporate Deleveraging

NBER Working Paper No. w22828
Number of pages: 68 Posted: 14 Nov 2016 Last Revised: 18 May 2023
Harry DeAngelo, Andrei S. Gonçalves and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Ohio State University (OSU) - Fisher College of Business and Ohio State University (OSU) - Department of Finance
Downloads 64 (692,257)

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21.

Capital Structure Instability

Downloads 528 (106,402)

Capital Structure Instability

Forthcoming, Journal of Applied Corporate Finance
Number of pages: 26 Posted: 21 Feb 2017
Harry DeAngelo and Richard Roll
University of Southern California - Marshall School of Business - Finance and Business Economics Department and California Institute of Technology
Downloads 432 (133,842)

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Capital Structure Stability, Leverage Target, Leverage Persistence

Capital Structure Instability

Journal of Applied Corporate Finance, Fall 2016
Number of pages: 26 Posted: 17 Feb 2023
Harry DeAngelo and Richard Roll
University of Southern California - Marshall School of Business - Finance and Business Economics Department and California Institute of Technology
Downloads 96 (545,523)

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22.

Corporate Financial Policy: What Really Matters?

Number of pages: 34 Posted: 09 Mar 2021 Last Revised: 23 Mar 2021
Harry DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 419 (140,234)
Citation 1

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capital structure, payout policy, cash balances, corporate financial policy

23.

Leverage and Cash Dynamics

Downloads 404 (146,232)
Citation 3

Leverage and Cash Dynamics

Fisher College of Business Working Paper No. 2021-03-010, Charles A. Dice Working Paper No. 2021-10
Number of pages: 55 Posted: 22 Jun 2021
Harry DeAngelo, Andrei S. Gonçalves and René M. Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Ohio State University (OSU) - Fisher College of Business and Ohio State University (OSU) - Department of Finance
Downloads 378 (156,139)

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capital structure, cash balances, leverage dynamics, financial flexibility, payout policy

Leverage and Cash Dynamics

NBER Working Paper No. w28970
Number of pages: 55 Posted: 28 Jun 2021 Last Revised: 23 Sep 2022
Harry DeAngelo, Andrei S. Gonçalves and René Stulz
University of Southern California - Marshall School of Business - Finance and Business Economics Department, Ohio State University (OSU) - Fisher College of Business and Ohio State University (OSU) - Fisher College of Business
Downloads 26 (981,864)
Citation 3

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24.

The Attack on Share Buybacks

Number of pages: 14 Posted: 15 Nov 2022 Last Revised: 04 Dec 2022
Harry DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 333 (180,943)

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share buybacks, payout policy, capital infusions, corporate value creation

25.

ESG, Corporate Piracy, and Coasian Contracting Efficiency

Number of pages: 23 Posted: 26 Aug 2024 Last Revised: 25 Oct 2024
Harry DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department
Downloads 128 (438,432)

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ESG, governance architecture, shareholder disagreement, shareholder-value maximization, Fisher Separation failure, corporate piracy

26.

Controlling Stockholders and the Disciplinary Role of Corporate Payout Policy: A Study of the Times Mirror Company

Posted: 18 Apr 2001
Harry DeAngelo and Linda DeAngelo
University of Southern California - Marshall School of Business - Finance and Business Economics Department and University of Southern California - Marshall School of Business - Finance and Business Economics Department

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Payout policy, Controlling stockholders, Family control

27.

The Collapse of First Executive Corporation: Junk Bonds, Adverse Publicity, and the 'Run on the Bank' Phenomenon

Posted: 14 Sep 1999
Harry DeAngelo, Linda DeAngelo and Stuart C. Gilson
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Harvard Business School - Finance Unit

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28.

Reversal of Fortune: Dividend Policy and the Disappearance of Sustained Earnings Growth

Posted: 14 Sep 1999
Harry DeAngelo, Linda DeAngelo and Douglas J. Skinner
University of Southern California - Marshall School of Business - Finance and Business Economics Department, University of Southern California - Marshall School of Business - Finance and Business Economics Department and The University of Chicago - Booth School of Business

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