Dennis Sheehan

The Virginia and Louis Benzak Professor Emeritus of Finance
Department: Finance
Office: 352 Business Building
Phone: 814-863-0486
Fax: 814-865-3362
Member of Faculty Since: 1992


Dennis Sheehan joined the Smeal College of Business faculty in 1992 as the Louis and Virginia Benzak Professor of Finance. He previously taught at Purdue University, the University of Chicago, and the University of Rochester. Professor Sheehan is a graduate of Georgetown University and received his Ph.D. from the University of California at Berkeley. Professor Sheehan's research and teaching interests are in finance and statistics. His current research is in corporate finance with papers on topics such as the extent and function of managerial stock ownership, the role of active shareholders in monitoring the firm, and the pricing of seasoned equity offerings by investment banks. His research has been published in journals such as the Journal of Finance, the Journal of Financial Economics, and the Journal of Econometrics, and has also been written up in the Wall Street Journal and the Journal of Applied Corporate Finance.


Security Issuance and Underwriting
Corporate Governance and Control
Financial Distress
Economics of Organization

Publication List

Dennis Sheehan and Laura Field, "IPO Underpricing and Outside Blockholding", Journal of Corporate Finance, 1/1/2004, 10, 263-280.

Dennis Sheehan, Clifford Holderness and Randall Kroszner, "Were the Good Old Days that Good? Changes in Managerial Stock Ownership Since the Great Depression", Journal of Finance, 1/1/1999, 10, 263-280.

Dennis Sheehan, Claudio Loderer and Tina Galloway, "What Does the Market Learn from Stock Offering Revisions?", Financial Management, 1/1/1998, 10, 263-280.


Ph.D., Economics, University of California, Berkeley,

A.B. (Cum, Economics, Georgetown University,


B.A. 531, Financial Management