Micah S. Officer

Loyola Marymount University - Department of Finance

Los Angeles, CA 90045

United States

SCHOLARLY PAPERS

39

DOWNLOADS
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Top 2,384

in Total Papers Downloads

20,241

SSRN CITATIONS
Rank 2,296

SSRN RANKINGS

Top 2,296

in Total Papers Citations

221

CROSSREF CITATIONS

345

Scholarly Papers (39)

1.
Downloads 1,702 ( 14,626)
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 1,605 (15,684)

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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 2022
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 97 (372,045)
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
Fred Bereskin, Seong K. Byun, Micah S. Officer and Jong-Min Oh
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 1,605 (15,967)
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 University - Columbia Business School, Finance, 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 1,392 (19,780)

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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 1,366 (20,335)
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 1,131 (26,936)
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 985 (32,812)
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 979 (33,095)
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 940 (35,044)
Citation 29

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Acquisitions, Private firms, Method of payment, Intangibles

9.

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 Department of Finance, School of Management, Fudan University
Downloads 912 (36,610)
Citation 5

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earnings management, foreign competition, trade liberalization

10.

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 912 (36,610)
Citation 37

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Bankruptcy, Financial Distress, Contagion, Supply Chain

11.

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 894 (37,661)
Citation 16

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Mergers and acquisitions, unlisted targets, private targets, valuation

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 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 783 (45,031)
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 705 (51,827)
Citation 34

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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 648 (57,796)
Citation 2

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Performance based arbitrage, merger arbitrage, arbitrage losses

15.

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 577 (66,986)

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16.

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 557 (70,045)
Citation 4

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Managerial risk-taking incentives; Vertical integration; Shareholder wealth

17.

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 468 (86,694)
Citation 14

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D&O Insurance, Merger and Acquisition

18.

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 427 (96,517)
Citation 2

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Mergers and acquisitions, collars, method-of-payment

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 378 (110,973)
Citation 2

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

20.

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 322 (132,225)
Citation 5

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

21.

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 306 (139,546)
Citation 1

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Acquisitions; Agency Costs; Analyst Coverage; Natural Experiments

22.

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 280 (152,853)
Citation 3

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

23.

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
IESEG School of Management LEM-CNRS UMR 9221 and Loyola Marymount University - Department of Finance
Downloads 264 (162,240)
Citation 2

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Intellectual Property Rights, Cross-Border Mergers and Acquisitions

24.

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 195 (216,156)
Citation 1

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

25.

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 193 (218,148)
Citation 4

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Acquisitions, CEO retention, Managerial quality

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 179 (232,766)
Citation 1

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

27.

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 178 (233,909)
Citation 1

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mergers and acquisitions; regulation; uncertainty; deterrence

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 170 (243,249)
Citation 1

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anticipation, event study, abnormal returns, methodology

29.

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 165 (249,396)
Citation 7

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30.

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 143 (280,158)

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merger and acquisition, method of payment

31.

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 142 (281,697)

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

32.

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 109 (341,871)

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

33.

The (Un)intended Consequences of M&A Regulatory Enforcements

Proceedings of Paris December 2021 Finance Meeting EUROFIDAI - ESSEC
Number of pages: 58 Posted: 03 Feb 2022
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN, Loyola Marymount University - Department of Finance and California Institute of Technology
Downloads 94 (376,519)

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Regulatory uncertainty, merger and acquisition, deterrence

34.

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 (443,289)

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

35.

Overvaluation, Diminishing Profitability, and Acquisitions

Number of pages: 33 Posted: 10 Jan 2022
Donghun Kim, Jiyoon Lee and Micah S. Officer
George Washington University - Department of Finance, Yonsei University and Loyola Marymount University - Department of Finance
Downloads 69 (450,057)

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Overvaluation, Information Asymmetry, M&A, Profitability

36.

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

37.

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

38.

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

39.

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: 10
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 10

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Bankruptcy, Financial distress, Contagion, Loan spreads