Dr. Alan C. Shapiro
Alan C. Shapiro is the Ivadelle and Theodore Johnson Professor of Banking and Finance and past chairman of the Department of Finance and Business Economics, Marshall School of Business, University of Southern California. Prior to joining USC in 1978, he was an Assistant Professor at the Wharton School of the University of Pennsylvania (1971-1978). He has also been a Visiting Professor at Yale University, UCLA, the Stockholm School of Economics, University of British Columbia, and the U.S. Naval Academy. Professor Shapiro received a B.A. in Mathematics from Rice University (1967) and a Ph.D. in Economics from Carnegie Mellon University (1971).
His specialties are corporate and international financial management. His best-selling textbook Multinational Financial Management (Wiley & Sons, 8th ed., 2006) is in use in most of the leading MBA programs around the world. He has also written Modern Corporate Finance (Macmillan, 1990), cited by the Journal of Finance as potentially the "standard reference volume in corporate finance," Foundations of Multinational Financial Management (Wiley, 6th ed., 2008, with Atulya Sarin), International Corporate Finance (Ballinger, 1989), Modern Corporate Finance: An Interdisciplinary Approach to Value Creation (Prentice-Hall, 2000, with Sheldon Balbirer), and Capital Budgeting and Investment Analysis (Prentice-Hall, 2005).
Dr. Shapiro has published over 50 articles in such leading academic and professional journals as the Journal of Finance, Harvard Business Review, Columbia Journal of World Business, Journal of Financial and Quantitative Analysis, Review of Financial Studies, Journal of Business, Journal of International Money and Finance, Financial Management, Management Science, and Journal of Applied Corporate Finance. His article "Corporate Stakeholders and Corporate Finance," received the 1987 Distinguished Applied Research Award from the Financial Management Association and is the most frequently cited article published in Financial Management since 1985. In 1988 Dr. Shapiro was cited as one of the "100 Most Prolific Authors in Finance." Another study published in 1991 ranked him as one of the most prolific contributors to international business literature. He was also cited in 2005 in the Journal of Finance Literature as one of the most frequent contributors to academic finance literature over the past 50 years. In 2008 his paper, "The Private Company Discount," co-authored with John Koeplin and Atulya Sarin, was named as one of the ten most downloaded papers in the Social Science Research Network eLibrary (Financial Economics Network Partners in Publishing Journals) over the past ten years. He has published two monographs as well, International Corporate Finance: Survey and Synthesis and Foreign Exchange Risk Management.
Dr. Shapiro has consulted with the FBI, Federal Home Loan Bank, RTC, American Law Institute, Department of Justice, SEC, Department of Energy, Internal Revenue Service, FDIC, and numerous firms and banks, including Dow Chemical, Abbott Laboratories, Aetna, Anheuser-Busch, IBM, Caltex, Texas Instruments, Arco Chemical, NCR, GTE, SBC Communications, Scott Paper, Time Warner, Pacific Enterprises, Northrop Grumman, OKC, Computer Sciences Corporation, General Foods, Vulcan Materials, Flying Tiger Line, Wells Fargo, Pepsico, North Broken Hill, Bank of America, and Citigroup.
He has testified as an expert witness in more than 50 cases involving valuation, economic damages, S&Ls, international finance, takeovers, economic substance, and transfer pricing. His testimony has been cited favorably by courts and tribunals in several landmark decisions.
Dr. Shapiro has won several teaching awards and has taught in numerous executive education programs, including programs sponsored by Yale University, the Wharton School, University of Southern California, UCLA, UC Berkeley, Columbia University, University of Hawaii, University of Washington, University of Melbourne, Stockholm School of Economics, and the American Management Association. He also conducts numerous in-house training and executive programs for banks, corporations, government agencies, consulting firms, and law firms in the areas of corporate finance and international finance and economics. He has lectured on problems of international finance and economics in Munich, Tokyo, Frankfurt, Seoul, Hong Kong, Singapore, Guangzhou, Shanghai, London, Oxford, Sydney, Melbourne, Mexico City, Monterey, Santiago, Rome, Budapest, Vienna, Buenos Aires, and Paris. In October 1993, Business Week recognized him as one of the ten most in-demand business school professors in the United States for teaching in in-house corporate executive education programs.
Dr. Shapiro is a member of the American Finance Association, the American Economic Association, and the Financial Management Association. He has served as a director of the American Finance Association, the Academy of International Business, and the Western Finance Association.
Dr. Shapiro as a director of Advanced Cell Technology, Inc., and currently serves as chairman of both its Audit and Compensation Committees. He also serves as a trustee of the Pacific Corporate Group Private Equity Fund as well as chairman of its Audit Committee. He is a past director of Remington Oil and Gas Corporation, where he served as chairman of both its Audit and Compensation Committees, a past director of OKC Corporation, and a past government-appointed director of Lincoln Federal Savings and Loan. He has also served as a member of the Advisory Board of LEK Consulting.
Dr. Shapiro's CV.
