Micah S. Officer

Loyola Marymount University - Department of Finance and Computer Information Systems

Associate Professor

Los Angeles, CA 90045

United States

SCHOLARLY PAPERS

31

DOWNLOADS
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Top 1,933

in Total Papers Downloads

13,978

CITATIONS
Rank 2,488

SSRN RANKINGS

Top 2,488

in Total Papers Citations

225

Scholarly Papers (31)

1.
Downloads 1,449 ( 9,717)
Citation 27

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 and Computer Information Systems, Drexel University and University of Rochester - Simon Business School
Downloads 1,391 (10,172)
Citation 27

Abstract:

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
Micah S. Officer, Michelle Lowry and G. William Schwert
Loyola Marymount University - Department of Finance and Computer Information Systems, Drexel University and University of Rochester - Simon Business School
Downloads 58 (313,211)
Citation 27

Abstract:

2.

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 and Computer Information Systems, University of Rochester - Simon Business School, Temple University - Department of Finance, Southern Illinois University at Edwardsville - Department of Economics & Finance, University of California, Santa Barbara - 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), IMD International, University of Georgia - Department of Banking and Finance, Southern Methodist University (SMU) - Edwin L. Cox School of Business, Pennsylvania State University, Smeal College of Business, University of California at Los Angeles - Anderson School of Management, Columbia Business School - Accounting, Business Law & Taxation, University of South Florida - College of Business Administration, Gabelli School of Business, Fordham University, New York University (NYU) - Department of Finance, Gabelli School of Business, Fordham University and Loyola University of Chicago - Department of Finance
Downloads 1,220 (11,769)

Abstract:

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

3.

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 and Computer Information Systems, University of Southern California - Marshall School of Business - Finance and Business Economics Department and Vanderbilt University - Finance
Downloads 1,170 (12,595)
Citation 24

Abstract:

4.

Overinvestment, Corporate Governance, and Dividend Initiations

Number of pages: 41 Posted: 03 Aug 2006
Micah S. Officer
Loyola Marymount University - Department of Finance and Computer Information Systems
Downloads 850 (20,344)
Citation 18

Abstract:

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

5.

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 and Computer Information Systems, University of Georgia - Department of Banking and Finance and Baylor University
Downloads 724 (24,446)
Citation 30

Abstract:

Acquisitions, Private firms, Method of payment, Intangibles

6.

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 and Computer Information Systems, Chapman University - The George L. Argyros School of Business & Economics and Pennsylvania State University - Department of Finance
Downloads 723 (24,446)
Citation 41

Abstract:

Bankruptcy, Financial Distress, Contagion, Supply Chain

7.

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 and Computer Information Systems
Downloads 694 (26,171)
Citation 54

Abstract:

Mergers and acquisitions, unlisted targets, private targets, valuation

8.

Large Wealth Creation in Mergers and Acquisitions

AFA 2013 San Diego Meetings Paper
Number of pages: 43 Posted: 13 Mar 2012 Last Revised: 11 Aug 2016
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 and Computer Information Systems
Downloads 529 (19,571)
Citation 3

Abstract:

Mergers and acquisitions; wealth creation; financial reporting irregularities

9.

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 and Computer Information Systems
Downloads 515 (38,260)
Citation 12

Abstract:

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

10.

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, Erik Rui Wang and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance and Computer Information Systems, Lingnan University and Faculty of Business and Economics, University of Hong Kong
Downloads 507 (32,086)
Citation 1

Abstract:

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

11.

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 and Computer Information Systems
Downloads 503 (38,916)
Citation 3

Abstract:

Performance based arbitrage, merger arbitrage, arbitrage losses

12.

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 and Computer Information Systems
Downloads 366 (61,791)
Citation 4

Abstract:

Mergers and acquisitions, collars, method-of-payment

13.

CEOs’ Military Experience, Agency Costs and Acquisition Decisions

Number of pages: 43 Posted: 23 Sep 2011 Last Revised: 25 Oct 2013
Chen Lin, (马跃) Yue Ma, Micah S. Officer and Hong Zou
The University of Hong Kong - Faculty of Business and Economics, City University of Hong Kong (CityUHK) - Department of Economics & Finance, Loyola Marymount University - Department of Finance and Computer Information Systems and Faculty of Business and Economics, University of Hong Kong
Downloads 361 (42,144)
Citation 1

Abstract:

military service, agency costs, mergers and acquisitions

14.

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 Computer Information Systems and Faculty of Business and Economics, University of Hong Kong
Downloads 332 (63,479)
Citation 3

Abstract:

D&O Insurance, Merger and Acquisition

15.

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
Number of pages: 63 Posted: 26 Feb 2014 Last Revised: 19 Nov 2015
Peng Huang, Micah S. Officer and Ronan Powell
University of New South Wales - Australian School of Business, Loyola Marymount University - Department of Finance and Computer Information Systems and University College Dublin (UCD) - Michael Smurfit Graduate School of Business
Downloads 291 (43,075)

Abstract:

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

16.

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 Computer Information Systems and Erasmus University Rotterdam
Downloads 275 (39,281)
Citation 1

Abstract:

earnings management, foreign competition, trade liberalization

17.

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 Computer Information Systems and Shanghai University of Finance and Economics
Downloads 170 (94,202)

Abstract:

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

18.

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 Computer Information Systems and Shanghai University of Finance and Economics
Downloads 169 (94,932)

Abstract:

Managerial risk-taking incentives; Vertical integration; Shareholder wealth

19.

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 and Computer Information Systems
Downloads 106 (186,272)

Abstract:

20.

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 and Computer Information Systems
Downloads 90 (212,888)
Citation 1

Abstract:

anticipation, event study, abnormal returns, methodology

21.

Does the Perception of Corruption Matter to Investors?

Number of pages: 41 Posted: 05 Mar 2015
Chen Lin, Micah S. Officer and Zengyuan Sun
The University of Hong Kong - Faculty of Business and Economics, Loyola Marymount University - Department of Finance and Computer Information Systems and Xiamen University - Institute for Financial and Accounting Studies
Downloads 75 (142,715)

Abstract:

Perception of corruption, intra-country peer contagion, spillovers

22.

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 and Computer Information Systems
Downloads 44 (311,542)

Abstract:

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

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
City University of Hong Kong and Loyola Marymount University - Department of Finance and Computer Information Systems
Downloads 0 (328,465)

Abstract:

Intellectual Property Rights, Cross-Border Mergers and Acquisitions

24.

Analyst Coverage and Acquisition Returns: Evidence from Natural Experiments

Number of pages: 51 Posted: 18 Apr 2017
Eliezer M. Fich, Jennifer L. Juergens and Micah S. Officer
Drexel University - Department of Finance, Securities and Exchange Commission (SEC) and Loyola Marymount University - Department of Finance and Computer Information Systems
Downloads 0 (277,945)

Abstract:

Acquisitions; Agency Costs; Analyst Coverage; Natural Experiments

25.

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

Number of pages: 46 Posted: 29 Mar 2017 Last Revised: 10 Apr 2017
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 and Computer Information Systems, The University of Hong Kong - Faculty of Business and Economics and Faculty of Business and Economics, University of Hong Kong
Downloads 0 (454,929)

Abstract:

Directors’ and officers’ (D&O) liability insurance,deductibles, firm value, cost of capital, M&As

26.

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

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 74 Posted: 21 Feb 2017 Last Revised: 03 Jul 2017
University of Delaware, University of Mississippi - Department of Finance, Loyola Marymount University - Department of Finance and Computer Information Systems and University of Central Florida (UCF) - Department of Finance
Downloads 0 (70,328)

Abstract:

Mergers and acquisitions, Corporate culture, CSR

27.

The Oscar Goes To…: Peer Pressure, Innovation Competition, and Takeovers

Number of pages: 59 Posted: 28 Jul 2016 Last Revised: 18 Jul 2017
I‐Ju Chen, Po-Hsuan Hsu, Micah S. Officer and Yanzhi Wang
Yuan Ze University - College of Management, University of Hong Kong, Loyola Marymount University - Department of Finance and Computer Information Systems and National Taiwan University - Department of Finance
Downloads 0 (308,934)

Abstract:

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

28.

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 Computer Information Systems and Cass Business School, City University London
Downloads 0 (244,458)

Abstract:

Acquisitions, CEO retention, Managerial quality

29.

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 and Computer Information Systems, University of Georgia - Department of Banking and Finance and affiliation not provided to SSRN

Abstract:

G34, G32

30.

Collars and Renegotiation in Mergers and Acquisitions

Journal of Finance, Vol. 59, No. 6, pp. 2719-2743, December 2004
Posted: 19 May 2005
Micah S. Officer
Loyola Marymount University - Department of Finance and Computer Information Systems

Abstract:

Mergers and acquisitions, collars, method-of-payment

31.

Termination Fees in Mergers and Acquisitions

Journal of Financial Economics, Vol. 69, pp. 431-467, 2003
Posted: 19 May 2005
Micah S. Officer
Loyola Marymount University - Department of Finance and Computer Information Systems

Abstract:

Mergers and acquisitions, takeovers, termination fees, takeover premiums