Randall A. Heron

Randall A. Heron

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Contact Information

Professional Titles

  • Professor of Finance
  • Roger and Barbara Schmenner Faculty Fellow

Education:

  • Ph.D. Purdue University, 1995
  • M.B.A. Western Illinois University, 1991
  • B.S. Western Illinois University, 1990

Awards & Honors:

  • 20 Teaching Excellence Awards (see vita for full details)
  • Jensen Prize, Journal of Financial Economics, 2007
  • Recognized as one of the academic influencers of 2007 (Business Finance Magazine)
  • Recognized as a top five newsmaker of 2006 (Workforce Management)
  • Research Excellence Award, Kelley School of Business, 2004

Professional Experience:

  • Associate Professor of Finance, Indiana University, 2003
  • Assistant Professor of Finance, Indiana University, 1997
  • Visiting Assistant Professor, University of Notre Dame, 1995-1997

Professional Interests:

  • Corporate Finance
  • Corporate Goverance
  • Mergers and acquisitions

Selected Publications:

  • Heron, R.A., and E. Lie,"What Fraction of Stock Option Grants to Top Executives Have Been Backdated or Manipulated?" Management Science, Vol. 55, No. 4 April (2009), 513-525.
  • Heron, R.A., E. Lie, and R.T. Perry, “On the Use (and Abuse) of Stock Option Grants.” Financial Analysts Journal, 63 May/June (2007), 17-27.
  • Heron, R.A., and E. Lie, “Does Backdating Explain the Stock Price Pattern Around Executive Stock Option Grants?” Journal of Financial Economics, 83 (2007), 271-295.
  • Heron, R.A., and E. Lie, “On the Use of Poison Pills and Defensive Payouts by Takeover Targets.” Journal of Business, 79 (2006), 1783- 1807.
  • Carow, K., R.A. Heron, and T. Saxton, “Do Early Birds Get the Returns? An Empirical Investigation of Early Mover Advantages in Acquisitions.” Strategic Management Journal, 25 (2004), 563-585.
  • Heron, R.A., and E. Lie. “A Comparison of the Motivations for and the Information Content of Different Types of Equity Offerings.” Journal of Business, 77 (2004), 605-632.
  • Heron, R.A., and E. Lie. “Operating Performance and the Method of Payment in Takeovers.” Journal of Financial and Quantitative Analysis, 37 (2002), 137-155.
  • Heron, R.A., and W.G. Lewellen. “An Empirical Analysis of the Reincorporation Decision.” Journal of Financial and Quantitative Analysis, 33 (1998), 549-568.