Micah S. Officer

Loyola Marymount University - Department of Finance

Los Angeles, CA 90045

United States

SCHOLARLY PAPERS

37

DOWNLOADS
Rank 2,281

SSRN RANKINGS

Top 2,281

in Total Papers Downloads

18,865

SSRN CITATIONS
Rank 2,370

SSRN RANKINGS

Top 2,370

in Total Papers Citations

220

CROSSREF CITATIONS

347

Scholarly Papers (37)

1.
Downloads 1,648 ( 13,445)
Citation 71

The Variability of IPO Initial Returns

Simon School Working Paper No. FR 06-06, forthcoming, Journal of Finance
Number of pages: 37 Posted: 07 Jul 2006 Last Revised: 13 Feb 2009
Micah S. Officer, Michelle Lowry and G. William Schwert
Loyola Marymount University - Department of Finance, Drexel University and University of Rochester - Simon Business School
Downloads 1,565 (14,306)

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IPO, Underpricing, Cycles, Information Asymmetry, Conditional Heteroskedasticity, Volatility

The Variability of IPO Initial Returns

NBER Working Paper No. w12295
Number of pages: 54 Posted: 16 Jun 2006 Last Revised: 07 Aug 2021
Micah S. Officer, Michelle Lowry and G. William Schwert
Loyola Marymount University - Department of Finance, Drexel University and University of Rochester - Simon Business School
Downloads 83 (373,797)
Citation 14

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2.

The Effect of Cultural Similarity on Mergers and Acquisitions: Evidence from Corporate Social Responsibility

Journal of Financial and Quantitative Analysis (JFQA), Volume 53, Issue 5, pp. 1995-2039, 2018
Number of pages: 74 Posted: 21 Feb 2017 Last Revised: 14 Oct 2018
University of Missouri, Virginia Commonwealth University (VCU) - Department of Finance, Insurance & Real Estate, Loyola Marymount University - Department of Finance and SungKyunKwan University (SKKU) - SKK Business School
Downloads 1,393 (17,482)
Citation 12

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Mergers and acquisitions, Corporate culture, CSR

3.

Risk Management Research Report - Spring 2010

Risk Management Research Report, Spring 2010
Number of pages: 16 Posted: 23 Apr 2010
HEC Paris - Finance Department, affiliation not provided to SSRN, University of Massachusetts Amherst - Department of Finance, Brooklyn College - CUNY, Drexel University, Loyola Marymount University - Department of Finance, University of Rochester - Simon Business School, Temple University - Department of Finance, Southern Illinois University - Department of Economics & Finance, University of California, Santa Barbara (UCSB) - Department of Economics, University of California, San Diego (UCSD) - Rady School of Management, University of Utah - David Eccles School of Business, Purdue University - Krannert School of Management, HEC Paris - Finance Department, Harvard Law School, Columbia Business School - Finance and Economics, New York University (NYU) - Department of Finance, Department of Economics, Texas A&M University, Texas A&M University - Department of Economics, International Food Policy Research Institute (IFPRI)International Food Policy Research Institute (IFPRI), University of Navarra, IESE Business School, University of Georgia - Department of Banking and Finance, Southern Methodist University (SMU) - Finance Department, Pennsylvania State University, Smeal College of Business, University of California at Los Angeles - Anderson School of Management, INSEAD, University of South Florida - College of Business Administration, Fordham University, New York University (NYU) - Department of Finance, Fordham University - Gabelli School of Business and Loyola University of Chicago - Department of Finance
Downloads 1,378 (17,776)

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Risk, Risk Management, Derivatives, Corporate Governance, Financial Derivatives, Value-At-Risk, VaR, Ethics, Volatility, Variance, Standard Deviation, Systemic, Systematic

4.

Club Deals in Leveraged Buyouts

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 55 Posted: 05 May 2008 Last Revised: 16 Dec 2009
Micah S. Officer, Oguzhan Ozbas and Berk A. Sensoy
Loyola Marymount University - Department of Finance, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Vanderbilt University - Finance
Downloads 1,342 (18,475)
Citation 15

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5.

Large Wealth Creation in Mergers and Acquisitions

AFA 2013 San Diego Meetings Paper
Number of pages: 63 Posted: 13 Mar 2012 Last Revised: 08 Nov 2017
Eliezer M. Fich, Tu Nguyen and Micah S. Officer
Drexel University - Department of Finance, University of Waterloo - School of Accounting and Finance and Loyola Marymount University - Department of Finance
Downloads 1,108 (24,553)
Citation 2

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Mergers and acquisitions; wealth creation; financial reporting irregularities

6.

Overinvestment, Corporate Governance, and Dividend Initiations

Number of pages: 41 Posted: 03 Aug 2006
Micah S. Officer
Loyola Marymount University - Department of Finance
Downloads 971 (29,701)
Citation 19

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Dividend policy, payout policy, initiation returns, governance, overinvestment

7.

CEOs’ Military Experience, Agency Costs and Acquisition Decisions

Number of pages: 43 Posted: 23 Sep 2011 Last Revised: 25 Oct 2013
Chen Lin, Yue Ma, Micah S. Officer and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, City University of Hong Kong (CityU) - Department of Economics & Finance, Loyola Marymount University - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 915 (32,330)
Citation 9

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military service, agency costs, mergers and acquisitions

8.

Target-Firm Information Asymmetry and Acquirer Returns

Review of Finance, Forthcoming
Number of pages: 37 Posted: 22 Nov 2005 Last Revised: 30 Jul 2008
Micah S. Officer, Annette B. Poulsen and Mike Stegemoller
Loyola Marymount University - Department of Finance, University of Georgia - Department of Banking and Finance and Baylor University
Downloads 910 (32,588)
Citation 29

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Acquisitions, Private firms, Method of payment, Intangibles

9.

Inter-Firm Linkages and the Wealth Effects of Financial Distress Along the Supply Chain

Journal of Financial Economics, Vol. 87, No. 2, pp. 374-387
Number of pages: 32 Posted: 10 Jul 2006 Last Revised: 22 Jan 2009
Arizona State University (ASU) - Finance Department, Loyola Marymount University - Department of Finance, Chapman University - The George L. Argyros School of Business & Economics and Pennsylvania State University - Department of Finance
Downloads 897 (33,223)
Citation 37

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Bankruptcy, Financial Distress, Contagion, Supply Chain

10.

The Price of Corporate Liquidity: Acquisition Discounts for Unlisted Targets

Journal of Financial Economics, Vol. 83, No. 3, pp.571-598
Number of pages: 37 Posted: 01 Jun 2005
Micah S. Officer
Loyola Marymount University - Department of Finance
Downloads 868 (34,749)
Citation 16

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Mergers and acquisitions, unlisted targets, private targets, valuation

11.

Does Competition Affect Earnings Management? Evidence from a Natural Experiment

Number of pages: 59 Posted: 21 Nov 2013 Last Revised: 08 Dec 2016
Chen Lin, Micah S. Officer and Xintong Zhan
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance and The Chinese University of Hong Kong (CUHK) - CUHK Business School
Downloads 865 (34,923)
Citation 5

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earnings management, foreign competition, trade liberalization

12.

Directors’ and Officers’ Liability Insurance and Loan Spreads

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 64 Posted: 20 Jun 2011 Last Revised: 15 Aug 2013
Chen Lin, Micah S. Officer, Rui Wang (Erik) and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance, Lingnan University and The University of Hong Kong - Faculty of Business and Economics
Downloads 752 (42,266)
Citation 14

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Directors’ and officers’ liability insurance, Loan spreads, Credit risk, Cost of debt financing

13.

Acquisitions Driven by Stock Overvaluation: Are They Good Deals?

Journal of Financial Economics (JFE), 2013, 109, 24-39
Number of pages: 44 Posted: 04 Feb 2009 Last Revised: 29 Sep 2014
Fangjian Fu, Leming Lin and Micah S. Officer
Singapore Management University - Lee Kong Chian School of Business, University of Pittsburgh - Katz Graduate School of Business and Loyola Marymount University - Department of Finance
Downloads 673 (49,143)
Citation 35

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Mergers and acquisitions, Stock overvaluation, Operating performance, Agency costs, CEO compensation

14.

Are Performance Based Arbitrage Effects Detectable? Evidence from Merger Arbitrage

Journal of Corporate Finance, Vol. 15, No. 5, pp. 793-812
Number of pages: 35 Posted: 19 May 2005 Last Revised: 30 Jul 2008
Micah S. Officer
Loyola Marymount University - Department of Finance
Downloads 633 (53,238)
Citation 2

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Performance based arbitrage, merger arbitrage, arbitrage losses

15.

Managerial Risk-Taking Incentives and Merger Decisions

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 76 Posted: 16 Mar 2013 Last Revised: 29 Mar 2017
Chen Lin, Micah S. Officer and Beibei Shen
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance and Shanghai University of Finance and Economics
Downloads 542 (64,680)
Citation 4

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Managerial risk-taking incentives; Vertical integration; Shareholder wealth

16.

Directors’ and Officers’ Liability Insurance and Acquisition Outcomes

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 45 Posted: 18 Jul 2010 Last Revised: 23 Jul 2011
Chen Lin, Micah S. Officer and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance and The University of Hong Kong - Faculty of Business and Economics
Downloads 450 (81,279)
Citation 14

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D&O Insurance, Merger and Acquisition

17.

The Market Pricing of Implicit Options in Merger Collars

Journal of Business, Vol. 79, No. 1, January 2006
Number of pages: 36 Posted: 20 May 2005
Micah S. Officer
Loyola Marymount University - Department of Finance
Downloads 420 (88,145)
Citation 2

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Mergers and acquisitions, collars, method-of-payment

18.

Peer Selection and Valuation in Mergers and Acquisitions

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 78 Posted: 13 Apr 2021 Last Revised: 01 Jul 2021
Gregory W. Eaton, Feng Guo, Tingting Liu and Micah S. Officer
Oklahoma State University - Stillwater - Department of Finance, Iowa State University - Department of Accounting and Finance, Iowa State University and Loyola Marymount University - Department of Finance
Downloads 392 (95,734)

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19.

Currency Appreciation Shocks and Shareholder Wealth Creation in Cross-Border Mergers and Acquisitions

27th Australasian Finance and Banking Conference 2014 Paper
Number of pages: 61 Posted: 31 Jul 2013 Last Revised: 23 Nov 2014
Chen Lin, Micah S. Officer and Beibei Shen
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance and Shanghai University of Finance and Economics
Downloads 370 (101,978)
Citation 2

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Cross-border mergers and acquisitions, Currency appreciation, Investor protection, Corporate governance, Shareholder wealth

20.

Analyst Coverage and Acquisition Returns: Evidence from Natural Experiments

Number of pages: 58 Posted: 18 Apr 2017 Last Revised: 31 Jul 2018
Eliezer M. Fich, Jennifer L. Juergens and Micah S. Officer
Drexel University - Department of Finance, Cornerstone Research and Loyola Marymount University - Department of Finance
Downloads 292 (132,058)
Citation 1

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Acquisitions; Agency Costs; Analyst Coverage; Natural Experiments

21.

Public news, stock-market reactions, and bidding behavior in private merger negotiations

Number of pages: 60 Posted: 30 May 2019 Last Revised: 10 Jun 2021
Tingting Liu and Micah S. Officer
Iowa State University and Loyola Marymount University - Department of Finance
Downloads 263 (147,059)
Citation 5

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Private merger negotiations; market reactions to public news releases; bidding strategies; target initiation; takeover premiums

22.

Intellectual Property Rights and Cross-Border Mergers and Acquisitions

Number of pages: 47 Posted: 04 May 2017 Last Revised: 07 May 2017
Azizjon Alimov and Micah S. Officer
City University of Hong Kong and Loyola Marymount University - Department of Finance
Downloads 245 (157,696)
Citation 2

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Intellectual Property Rights, Cross-Border Mergers and Acquisitions

23.

Rethinking Measures of Mergers & Acquisitions Deal Premiums

Journal of Financial and Quantitative Analysis (JFQA), Vol. 56, 2021, pp. 1097-1126
Number of pages: 76 Posted: 08 Mar 2018 Last Revised: 22 Apr 2021
Gregory W. Eaton, Tingting Liu and Micah S. Officer
Oklahoma State University - Stillwater - Department of Finance, Iowa State University and Loyola Marymount University - Department of Finance
Downloads 220 (174,918)
Citation 3

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measure takeover premiums, deal initiation, CEO career preferences, anchoring bias, target price runup

24.

Do Acquirers Benefit from Retaining Target CEOs?

Number of pages: 53 Posted: 10 Feb 2016
Eliezer M. Fich, Micah S. Officer and Anh L. Tran
Drexel University - Department of Finance, Loyola Marymount University - Department of Finance and Bayes Business School (formerly Cass Business School), City University of London
Downloads 186 (203,987)
Citation 4

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Acquisitions, CEO retention, Managerial quality

25.

Is Skin in the Game a Game Changer? Evidence from Mandatory Changes to D&O Insurance Policies

Journal of Accounting & Economics (JAE), Forthcoming
Number of pages: 54 Posted: 29 Mar 2017 Last Revised: 29 Jan 2019
Chen Lin, Micah S. Officer, Thomas Schmid and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance, The University of Hong Kong - Faculty of Business and Economics and The University of Hong Kong - Faculty of Business and Economics
Downloads 179 (210,960)
Citation 1

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Directors and officers (D&O) liability, D&O insurance, deductibles, firm value, risk taking

26.

The Oscar Goes to…: High-tech Firms’ Acquisitions in Response to Rivals’ Technology Breakthroughs

Number of pages: 71 Posted: 28 Jul 2016 Last Revised: 29 Jun 2020
I‐Ju Chen, Po-Hsuan Hsu, Micah S. Officer and Yanzhi Wang
Yuan Ze University - College of Management, National Tsing Hua University - Department of Quantitative Finance, Loyola Marymount University - Department of Finance and National Taiwan University - Department of Finance
Downloads 164 (227,225)
Citation 1

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Mergers and acquisitions, R&D; innovation, patents, R&D 100 Award

27.

Does Freezing a Defined Benefit Pension Plan Affect Firm Risk?

Number of pages: 48 Posted: 10 Feb 2012 Last Revised: 21 Feb 2012
Hiu Lam Choy, Juichia Lin and Micah S. Officer
Drexel University, National Taiwan University and Loyola Marymount University - Department of Finance
Downloads 162 (229,643)
Citation 7

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28.

Anticipation and Returns in Event Studies

Number of pages: 37 Posted: 07 Jan 2013
David Offenberg and Micah S. Officer
Loyola Marymount University - Department of Finance and Loyola Marymount University - Department of Finance
Downloads 155 (238,337)
Citation 1

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anticipation, event study, abnormal returns, methodology

29.

The (Un)Intended Consequences of M&A Regulation

Number of pages: 46 Posted: 31 Mar 2020
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN, Loyola Marymount University - Department of Finance and California Institute of Technology
Downloads 123 (285,574)
Citation 1

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mergers and acquisitions; regulation; uncertainty; deterrence

30.

Acquirer Overvaluation and Stock Payment in M&A Transactions: What Explains the Spurious Correlation?

Number of pages: 52 Posted: 10 Jun 2019
Eric de Bodt, Jean-Gabriel Cousin and Micah S. Officer
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and Loyola Marymount University - Department of Finance
Downloads 110 (309,089)

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Mergers and acquisitions; Mode of payment; Pooling of interest; Valuation

31.

How Do Equity Analysts Impact Takeovers?

Number of pages: 45 Posted: 15 Apr 2020
Eliezer M. Fich, Tingting Liu and Micah S. Officer
Drexel University - Department of Finance, Iowa State University and Loyola Marymount University - Department of Finance
Downloads 93 (345,153)

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Mergers and acquisitions; Private merger negotiations; Analyst coverage; Analyst price forecasts

32.

Determinants of the Method of Payment in M&A Transactions: Updated Evidence

Number of pages: 48 Posted: 18 Feb 2021
Eric de Bodt, Jean-Gabriel Cousin and Micah S. Officer
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and Loyola Marymount University - Department of Finance
Downloads 75 (392,716)

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merger and acquisition, method of payment

33.

The Totality of Change-in-Control Payments

Journal of Corporate Finance, Volume 29, Pages 1-710 (December 2014)
Number of pages: 35 Posted: 05 Jul 2014 Last Revised: 26 Feb 2016
David Offenberg and Micah S. Officer
Loyola Marymount University - Department of Finance and Loyola Marymount University - Department of Finance
Downloads 71 (404,834)

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golden parachute, change-in-control, accelerated vesting, executive compensation, acquisitions

34.

Method of Payment and Risk Mitigation in Cross-Border Mergers and Acquisitions

Asian Finance Association (AsianFA) 2014 Conference Paper, 27th Australasian Finance and Banking Conference 2014 Paper
Posted: 26 Feb 2014 Last Revised: 09 Aug 2021
Peng Huang, Micah S. Officer and Ronan Powell
University of New South Wales - Australian School of Business, Loyola Marymount University - Department of Finance and University College Dublin (UCD) - Michael Smurfit Graduate School of Business

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Cross-border M&As, information asymmetry, relative country-risk, overpayment

35.

Target-Firm Information Asymmetry and Acquirer Returns

Review of Finance, Vol. 13, Issue 3, pp. 467-493, 2009
Posted: 18 Aug 2009
Micah S. Officer, Annette B. Poulsen and Mike Stegemoller
Loyola Marymount University - Department of Finance, University of Georgia - Department of Banking and Finance and affiliation not provided to SSRN

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G34, G32

36.

Termination Fees in Mergers and Acquisitions

Posted: 19 May 2005
Micah S. Officer
Loyola Marymount University - Department of Finance

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Mergers and acquisitions, takeovers, termination fees, takeover premiums

37.

Collars and Renegotiation in Mergers and Acquisitions

Posted: 19 May 2005
Micah S. Officer
Loyola Marymount University - Department of Finance

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Mergers and acquisitions, collars, method-of-payment

Other Papers (1)

Total Downloads: 7
1.

Industry Contagion in Loan Spreads

Posted: 19 Mar 2010
Michael G. Hertzel and Micah S. Officer
Arizona State University (ASU) - Finance Department and Loyola Marymount University - Department of Finance
Downloads 7

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Bankruptcy, Financial distress, Contagion, Loan spreads