Eric de Bodt

NHH-Caltech

Professor of Finance

18B AVENUE BECHET

Kraainem, 1950

Belgium

SCHOLARLY PAPERS

50

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20,021

SSRN CITATIONS
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Top 6,612

in Total Papers Citations

116

CROSSREF CITATIONS

84

Scholarly Papers (50)

1.

CEO Narcissism and the Takeover Process: From Private Initiation to Deal Completion

AFA 2012 Chicago Meetings Paper
Number of pages: 42 Posted: 14 Mar 2011 Last Revised: 24 May 2012
WHU - Otto Beisheim School of Management, NHH-Caltech, SKEMA Business School and California Institute of Technology
Downloads 2,121 (8,535)
Citation 19

Abstract:

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mergers and acquisitions, takeover process, CEO, narcissism, hubris, overconfidence

Event Study Under Noisy Estimation Period

Number of pages: 54 Posted: 11 Apr 2003
Nihat Aktas, Eric de Bodt and Jean-Gabriel Cousin
WHU - Otto Beisheim School of Management, NHH-Caltech and Univ. Lille, ULR 4112 - LUMEN
Downloads 771 (38,775)

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Event Study Under Noisy Estimation Period

Number of pages: 54 Posted: 04 Feb 2005
Nihat Aktas, Eric de Bodt and Jean-Gabriel Cousin
WHU - Otto Beisheim School of Management, NHH-Caltech and Univ. Lille, ULR 4112 - LUMEN
Downloads 607 (53,471)
Citation 1

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3.

The Emerging Role of the European Commission in Merger and Acquisition Monitoring: The Boeing / Mcdonnell Douglas Case #61623

Number of pages: 27 Posted: 07 Aug 2000
WHU - Otto Beisheim School of Management, NHH-Caltech, University of Lille II and University of Lille I
Downloads 1,099 (23,882)
Citation 3

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mergers and acquisitions, regulation costs, concentration control, event studies

Corporate Serial Acquisitions: An Empirical Test of the Learning Hypothesis

Number of pages: 50 Posted: 22 Feb 2006 Last Revised: 21 Feb 2008
Nihat Aktas, Eric de Bodt and Richard Roll
WHU - Otto Beisheim School of Management, NHH-Caltech and California Institute of Technology
Downloads 577 (56,993)
Citation 6

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Learning, Hubris, CAR, M&A program, merger, acquisition

Serial Acquirer Bidding: An Empirical Test of the Learning Hypothesis

Paris December 2009 Finance International Meeting AFFI - EUROFIDAI, Journal of Corporate Finance, Forthcoming
Number of pages: 37 Posted: 07 Oct 2009 Last Revised: 23 Oct 2010
Nihat Aktas, Eric de Bodt and Richard Roll
WHU - Otto Beisheim School of Management, NHH-Caltech and California Institute of Technology
Downloads 336 (108,987)
Citation 6

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Acquisitions program, Learning, Hubris, Bid premium

5.

Leasing Decision, Banking Debt and Moral Hazard

Number of pages: 29 Posted: 04 Apr 2001
NHH-Caltech, affiliation not provided to SSRN and University of Lille II - GERME Research Center
Downloads 865 (33,598)

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6.

Legal Insider Trading and Market Efficiency

Journal of Banking and Finance, Vol. 32, 2008
Number of pages: 40 Posted: 17 Feb 2007 Last Revised: 21 May 2015
Nihat Aktas, Eric de Bodt and Hervé Van Oppens
WHU - Otto Beisheim School of Management, NHH-Caltech and Catholic University of Louvain (UCL) - Department of Business Administration (IAG) - Finance Unit
Downloads 850 (34,435)
Citation 3

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Legal insider trading; Market efficiency; Order imbalance; Price discovery

7.

Learning, Hubris and Corporate Serial Acquisitions

EFA 2007 Ljubljana Meetings Paper
Number of pages: 47 Posted: 17 May 2005
Nihat Aktas, Eric de Bodt and Richard Roll
WHU - Otto Beisheim School of Management, NHH-Caltech and California Institute of Technology
Downloads 792 (37,943)
Citation 7

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hubris, learning, mergers and acquisitions, CEO, CAR

8.

Is European M&A Regulation Protectionist?

EFA 2004 Maastricht Meetings Paper No. 2318
Number of pages: 46 Posted: 22 Jul 2004
Nihat Aktas, Eric de Bodt and Richard Roll
WHU - Otto Beisheim School of Management, NHH-Caltech and California Institute of Technology
Downloads 790 (38,083)
Citation 7

Abstract:

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merger and acquisition regulation protectionism

9.

A Short Note on the Hamada Formula

Number of pages: 16 Posted: 02 Apr 2007
Michel Levasseur and Eric de Bodt
University of Lille II and NHH-Caltech
Downloads 720 (43,179)

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beta, Hamada, cost of capital, leverage

10.

Market Response to European Regulation of Business Combinations

UCLA Working Paper 12-01; EFMA 2002 London Meetings; EFA 2002 Berlin Meetings Presented Paper
Number of pages: 46 Posted: 12 Nov 2001
Nihat Aktas, Eric de Bodt and Richard Roll
WHU - Otto Beisheim School of Management, NHH-Caltech and California Institute of Technology
Downloads 678 (46,874)
Citation 27

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Credit Rationing, Customer Relationship and the Number of Banks: An Empirical Analysis

Number of pages: 48 Posted: 20 Jun 2002
Unniversity of Lille, NHH-Caltech and University of Lille II - GERME Research Center
Downloads 591 (55,345)
Citation 6

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credit rationing, customer relationship, bank pool, small business financing

Credit Rationing, Customer Relationship and the Number of Banks: An Empirical Analysis

Number of pages: 9 Posted: 28 Mar 2005
NHH-Caltech, University of Lille II - GERME Research Center and Unniversity of Lille
Downloads 28 (586,306)
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12.

Assessing the Power and Size of the Event Study Method Through the Decades

Number of pages: 29 Posted: 02 Oct 2007 Last Revised: 26 Nov 2007
Nihat Aktas, Eric de Bodt and Jean-Gabriel Cousin
WHU - Otto Beisheim School of Management, NHH-Caltech and Univ. Lille, ULR 4112 - LUMEN
Downloads 533 (63,637)
Citation 4

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Event Study, Idiosyncratic Risk

13.

Negotiations Under the Threat of an Auction

AFA 2009 San Francisco Meetings Paper, EFA 2009 Bergen Meetings Paper, Journal of Financial Economics (JFE), Vol. 98, pp. 241-245, 2010
Number of pages: 40 Posted: 21 Feb 2008 Last Revised: 15 Dec 2010
Nihat Aktas, Eric de Bodt and Richard Roll
WHU - Otto Beisheim School of Management, NHH-Caltech and California Institute of Technology
Downloads 522 (65,347)
Citation 17

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Merger Negotiations, Latent Competition, Auction Costs, Bid Premium

14.

Probability of Informed Trading? Some Evidences Around Corporate Events

Number of pages: 43 Posted: 11 Apr 2003
WHU - Otto Beisheim School of Management, NHH-Caltech, University of Toulouse 1 and Catholic University of Louvain (UCL) - Department of Business Administration (IAG) - Finance Unit
Downloads 482 (72,132)
Citation 3

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probability of informed based trading, mergers and acquisitions, corporate events

15.

Do Financial Markets Care about SRI? Evidence from Mergers and Acquisitions

Journal of Banking and Finance, Forthcoming
Number of pages: 32 Posted: 10 Mar 2009 Last Revised: 15 Dec 2010
Nihat Aktas, Eric de Bodt and Jean-Gabriel Cousin
WHU - Otto Beisheim School of Management, NHH-Caltech and Univ. Lille, ULR 4112 - LUMEN
Downloads 474 (73,624)
Citation 3

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Socially responsible investments, merger and acquisition, event study, abnormal returns

16.

Legal Insider Trading and Stock Market Reaction: Evidence from the Netherlands

CORE Discussion Paper No. 2007/67
Number of pages: 23 Posted: 03 Oct 2007
WHU - Otto Beisheim School of Management, NHH-Caltech, Belgium Banking, Finance and Insurance Commission (CBFA) and Catholic University of Louvain (UCL)
Downloads 420 (85,042)
Citation 3

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Insider Trading

17.

Empirical Evidence of Overbidding in M&A Contests

Number of pages: 57 Posted: 10 Jul 2014 Last Revised: 30 Mar 2016
Eric de Bodt, Jean-Gabriel Cousin and Richard Roll
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and California Institute of Technology
Downloads 419 (85,271)
Citation 2

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mergers and acquisitions, hubris hypothesis, overbidding

18.

The Information Impact of the European Commission Interventions in the Field of Merger and Acquisition Monitoring: The Economics Behind Information Flow Coming to the Market

Number of pages: 29 Posted: 25 May 2001
Nihat Aktas, Eric de Bodt and Michel Levasseur
WHU - Otto Beisheim School of Management, NHH-Caltech and University of Lille II
Downloads 410 (87,448)
Citation 1

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heterogeneity, flow of information, event studies, (G)ARCH

19.

Credit Decisions and Adverse Selection: An Empirical Study of Banking Behavior

Number of pages: 36 Posted: 02 Nov 2000
Unniversity of Lille, NHH-Caltech and University of Lille II - GERME Research Center
Downloads 389 (92,869)

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Contract theory, credit decision, customer relationships, adverse selection

20.

Is There Information Leakage Around Business Combinations on the French Market?

EFMA 2002 London Meetings
Number of pages: 52 Posted: 14 Mar 2002
Nihat Aktas, Eric de Bodt and Fany Declerck
WHU - Otto Beisheim School of Management, NHH-Caltech and University of Toulouse 1
Downloads 386 (93,734)
Citation 2

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Mergers and Acquisitions, hidden order, informed trading, bid-ask spread, information leakage

21.

MicroHoo: Deal Failure, Industry Rivalry, and Sources of Overbidding

Journal of Corporate Finance, Forthcoming
Number of pages: 42 Posted: 17 Jul 2010 Last Revised: 22 Oct 2014
Nihat Aktas, Eric de Bodt and Richard Roll
WHU - Otto Beisheim School of Management, NHH-Caltech and California Institute of Technology
Downloads 382 (94,900)
Citation 1

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Merger theories, Abnormal returns, Irrational overbidding, Rational overbidding

22.

Learning from Repetitive Acquisitions: Evidence from the Time between Deals

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 51 Posted: 26 Mar 2008 Last Revised: 02 Oct 2012
Nihat Aktas, Eric de Bodt and Richard Roll
WHU - Otto Beisheim School of Management, NHH-Caltech and California Institute of Technology
Downloads 378 (96,092)
Citation 12

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Acquisitions program, Learning, Integration costs, Time between successive deals

23.

International Trade and Propagation of Merger Waves

Number of pages: 71 Posted: 20 Apr 2017 Last Revised: 14 Aug 2020
SKEMA Business School – Université Côte d'Azur, NHH-Caltech and University of Washington
Downloads 377 (96,384)
Citation 2

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International Trade Merger Waves

24.

Corporate Rivalry and Return Comovement

Tuck School of Business Working Paper No. 3218544
Number of pages: 48 Posted: 23 Jul 2018 Last Revised: 30 Mar 2020
Eric de Bodt, B. Espen Eckbo and Richard Roll
NHH-Caltech, Tuck School of Business at Dartmouth and California Institute of Technology
Downloads 338 (108,936)
Citation 5

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Return co-movement, competitive shocks, rival reactions, differentiation, M&As

Market Reactions to European Merger Regulation: A Reexamination of the Protectionism Hypothesis

Number of pages: 36 Posted: 18 Nov 2011
WHU - Otto Beisheim School of Management, NHH-Caltech, Univ. Lille Nord de France - SKEMA Business School and California Institute of Technology
Downloads 165 (219,017)
Citation 3

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mergers and acquistions, regulation, protectionism

Market Reactions to European Merger Regulation: A Reexamination of the Protectionism Hypothesis

29th International Conference of the French Finance Association (AFFI) 2012
Number of pages: 38 Posted: 09 Oct 2012
WHU - Otto Beisheim School of Management, NHH-Caltech, Univ. Lille Nord de France - SKEMA Business School and California Institute of Technology
Downloads 78 (375,901)
Citation 1

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Market Reactions to European Merger Regulation: A Reexamination of the Protectionism Hypothesis

Number of pages: 39 Posted: 29 Feb 2012
WHU - Otto Beisheim School of Management, NHH-Caltech, Univ. Lille Nord de France - SKEMA Business School and California Institute of Technology
Downloads 77 (378,731)
Citation 1

Abstract:

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mergers and acquistions, regulation, protectionism, event study

26.

The Eads Take-Off: An Investigation Through Stock Markets' Reactions

Number of pages: 34 Posted: 09 Mar 2004
Nihat Aktas, Eric de Bodt and Laurent Liagre
WHU - Otto Beisheim School of Management, NHH-Caltech and University of Valenciennes
Downloads 260 (143,788)
Citation 2

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Mergers and acquisition, state ownership, event studies

27.

Mergers and Acquisitions Across Cultures

Number of pages: 80 Posted: 16 Mar 2014 Last Revised: 28 Apr 2021
SKEMA Business School – Université Côte d'Azur, NHH-Caltech and SKEMA Business School
Downloads 259 (144,351)

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Mergers & Acquisitions (M&As), Culture Clusters, Cross-Cultural M&As, M&A Deals Completion, Cultural Dimensions

28.

The Information Content of Trade Credit

Journal of Banking and Finance, Forthcoming
Number of pages: 42 Posted: 15 Mar 2010 Last Revised: 04 Feb 2015
WHU - Otto Beisheim School of Management, NHH-Caltech, Université de Lille Nord de France – European Center for Corporate Control Studies and Unniversity of Lille
Downloads 246 (151,897)
Citation 2

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Trade credit, Signaling, Z-score, Long-run abnormal returns

29.

Assessing the Power and the Size of the Event Study Method Through the Decades

Finance International Meeting AFFI-EUROFIDAI, Paris, December 2007
Number of pages: 23 Posted: 10 Dec 2007
Nihat Aktas, Eric de Bodt and Jean-Gabriel Cousin
WHU - Otto Beisheim School of Management, NHH-Caltech and Univ. Lille, ULR 4112 - LUMEN
Downloads 231 (161,360)
Citation 2

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event study, idiosyncratic risk

30.

Competition and Innovation in the Banking Industry

Number of pages: 44 Posted: 02 Mar 2018
Eric de Bodt, Hong Tram Dang and Frédéric Lobez
NHH-Caltech, Université Lille Nord de France - Lille School of Management Research Center (LSMRC) and Université de Lille Nord de France – European Center for Corporate Control Studies
Downloads 214 (173,512)

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innovation, banking industry, competition

31.

The Equilibrium Assignment of Narcissistic CEOs to Firms

Paris December 2015 Finance Meeting EUROFIDAI - AFFI
Number of pages: 37 Posted: 19 Feb 2015 Last Revised: 03 Oct 2015
NHH-Caltech, SKEMA Business School, SKEMA Business School - Lille Campus and California Institute of Technology
Downloads 208 (178,244)
Citation 2

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CEO narcissism, compensation, governance

32.

Trade Credit as a Signal of Quality

AFFI/EUROFIDAI, Paris December 2008 Finance International Meeting AFFI - EUROFIDAI
Number of pages: 41 Posted: 14 Oct 2008
NHH-Caltech, University of Lille II - GERME Research Center and Unniversity of Lille
Downloads 204 (181,506)
Citation 1

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trade credit, signaling

33.

Rival Reactions – Do Value-Increasing Mergers Bolster Monopoly Rents for Strong Rivals?

Number of pages: 47 Posted: 05 Oct 2013 Last Revised: 16 Feb 2014
Eric de Bodt and Richard Roll
NHH-Caltech and California Institute of Technology
Downloads 203 (182,311)
Citation 1

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Mergers and acquisitions, industry rivals, market power, competitive pressure

34.

Using Self-Organizing Maps to Adjust Intra-Day Seasonality

Number of pages: 21 Posted: 09 May 2005 Last Revised: 03 May 2013
Walid Ben Omrane and Eric de Bodt
Brock University - Department of Finance, Operations and Information Systems (FOIS) and NHH-Caltech
Downloads 169 (214,383)

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foreign exchange market, self-organizing maps, seasonality, high frequency data

35.
Downloads 167 (216,541)
Citation 4

M&A Outcomes and Willingness to Sell

Number of pages: 47 Posted: 17 Nov 2011 Last Revised: 14 Oct 2012
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and École des sciences de la gestion - Université du Québec à Montréal
Downloads 116 (289,857)

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Willingness to sell, Mergers and Acquisitions, Bid Premium, Deal Completion

M&A Outcomes and Willingness to Sell

29th International Conference of the French Finance Association (AFFI) 2012
Number of pages: 40 Posted: 19 Sep 2012 Last Revised: 05 Nov 2012
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and École des sciences de la gestion - Université du Québec à Montréal
Downloads 51 (468,698)
Citation 3

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Willingness to sell, Mergers and Acquisitions, Bid Premium, Deal Completion

36.

Did the Euro Increase Systemic Risk?

Number of pages: 39 Posted: 13 Jul 2013
NHH-Caltech, University of Lille II - GERME Research Center and SKEMA Business School
Downloads 160 (224,609)
Citation 1

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systemic risk, euro, monetary union

37.

The Full Stock Payment Marginalization in M&A Transactions

Number of pages: 49 Posted: 14 Nov 2015 Last Revised: 15 Nov 2015
Eric de Bodt, Jean-Gabriel Cousin and Richard Roll
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and California Institute of Technology
Downloads 154 (231,866)
Citation 1

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mergers and acquisitions, method of payment, pooling of interest, purchase

38.

Takeover Duration and Negotiation Process

Number of pages: 57 Posted: 03 Apr 2017 Last Revised: 01 Jun 2018
Riccardo Calcagno, Eric de Bodt and Irina Demidova
Politecnico di Torino, NHH-Caltech and École des sciences de la gestion - Université du Québec à Montréal
Downloads 127 (269,968)

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Mergers Negotiations, Negotiation Duration, Potential Competition

39.

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 111 (297,317)
Citation 1

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mergers and acquisitions; regulation; uncertainty; deterrence

40.

The Innovation Arms Race

Number of pages: 69 Posted: 01 Oct 2020
SKEMA Business School – Université Côte d'Azur, NHH-Caltech and University of Washington
Downloads 106 (307,101)

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Innovative Acquisitions, Innovation, Competition

41.

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

Number of pages: 52 Posted: 10 Jun 2019
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and Loyola Marymount University - Department of Finance
Downloads 96 (327,735)

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

42.

Rivals’ Returns

Number of pages: 43 Posted: 21 Dec 2020 Last Revised: 22 Dec 2020
Eric de Bodt, Jean-Gabriel Cousin and Richard Roll
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and California Institute of Technology
Downloads 74 (383,307)

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Stock Return, Information, Rivals’ Interactions

43.

Firm Uncertainty and Financial Analysts' Activity

Number of pages: 34 Posted: 14 Nov 2010
Univ. Lille, ULR 4112 - LUMEN, NHH-Caltech and University of Lille II
Downloads 73 (386,113)

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Financial analysts, Uncertainty, Implied volatility

44.

The Paulson Plan’s Competitive Effects

Number of pages: 32 Posted: 30 May 2011
Eric de Bodt, Frédéric Lobez and Junyao Zhang
NHH-Caltech, Université de Lille Nord de France – European Center for Corporate Control Studies and SKEMA Business School - Lille Campus
Downloads 62 (420,794)

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TARP, Paulson Plan, Competition

45.

Firm Uncertainty and Financial Analysts’ Activity

International Conference of the French Finance Association (AFFI), May 2011
Number of pages: 34 Posted: 07 May 2011
Univ. Lille, ULR 4112 - LUMEN, NHH-Caltech and University of Lille II
Downloads 58 (434,857)

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Financial analysts, Uncertainty, Implied volatility

46.

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

Number of pages: 48 Posted: 18 Feb 2021
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and Loyola Marymount University - Department of Finance
Downloads 52 (456,996)

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merger and acquisition, method of payment

47.

Improved Method for Detecting Acquirer Skills

Number of pages: 41 Posted: 31 Mar 2016
Eric de Bodt, Jean-Gabriel Cousin and Richard Roll
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and California Institute of Technology
Downloads 51 (460,825)

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mergers and acquisitions, skills, attrition, panel data

48.

The Paulsons Plan's Competitive Effects

Paris December 2011 Finance Meeting EUROFIDAI - AFFI
Number of pages: 32 Posted: 14 Oct 2011
Frédéric Lobez, Eric de Bodt and Junyao Zhang
Université de Lille Nord de France – European Center for Corporate Control Studies, NHH-Caltech and SKEMA Business School - Lille Campus
Downloads 43 (494,264)

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TARP, the Paulson plan, Competition

49.

Paulson Plan Credits

Number of pages: 18 Posted: 10 Feb 2014
NHH-Caltech, Université de Lille Nord de France – European Center for Corporate Control Studies and SKEMA Business School
Downloads 30 (558,719)

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Systemic Risk, Paulson Plan, Capital Purchase Program, CoVaR

50.

The CSR Supply Chain Risk Management Hypothesis Evidence from the Suez Canal Ever Given Obstruction

Number of pages: 46 Posted: 16 Jun 2021
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and Univ. Lille, ULR 4112 - LUMEN
Downloads 8 (710,779)

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