Eric de Bodt

NHH-Caltech

Professor of Finance

18B AVENUE BECHET

Kraainem, 1950

Belgium

SCHOLARLY PAPERS

52

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Top 6,607

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117

CROSSREF CITATIONS

82

Scholarly Papers (52)

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 2,319 (8,735)
Citation 19

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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 792 (43,351)

Abstract:

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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 619 (60,013)
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 1,108 (27,509)
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 626 (59,131)
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 370 (111,828)
Citation 7

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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 874 (38,451)

Abstract:

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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 866 (38,926)
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 834 (41,042)
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 818 (42,144)
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 751 (47,224)

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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 706 (51,241)
Citation 27

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11.

Does CSR Help Firms to Face Supply Chain Disruptions? Evidence from the Suez Canal Ever Given Obstruction

Number of pages: 51 Posted: 16 Jun 2021 Last Revised: 31 Jan 2022
NHH-Caltech, Univ. Lille, ULR 4112 - LUMEN and Univ. Lille, ULR 4112 - LUMEN
Downloads 637 (58,544)

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Corporate Social Responsibility, Supply Chain, Differences-in-differences, Ever Green grounding

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 (63,645)
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 (654,108)

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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 561 (68,781)
Citation 17

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Merger Negotiations, Latent Competition, Auction Costs, Bid Premium

14.

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 556 (69,544)
Citation 4

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Event Study, Idiosyncratic Risk

15.

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 529 (74,040)
Citation 2

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International Trade Merger Waves

16.

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 517 (76,150)
Citation 3

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

17.

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 489 (81,492)
Citation 3

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

18.

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 454 (89,038)
Citation 2

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mergers and acquisitions, hubris hypothesis, overbidding

19.

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 437 (93,038)
Citation 3

Abstract:

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Insider Trading

20.

Competition shocks, rival reactions, and return comovement

Tuck School of Business Working Paper No. 3218544
Number of pages: 50 Posted: 23 Jul 2018 Last Revised: 20 Dec 2021
Eric de Bodt, B. Espen Eckbo and Richard Roll
NHH-Caltech, Tuck School of Business at Dartmouth and California Institute of Technology
Downloads 424 (96,408)
Citation 4

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

21.

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 420 (97,435)
Citation 12

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

22.

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 417 (98,251)
Citation 1

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Merger theories, Abnormal returns, Irrational overbidding, Rational overbidding

23.

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 411 (99,966)
Citation 1

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

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 192 (217,127)
Citation 3

Abstract:

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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 110 (339,092)
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 108 (343,439)
Citation 1

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mergers and acquistions, regulation, protectionism, event study

25.

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 393 (105,218)

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Contract theory, credit decision, customer relationships, adverse selection

26.

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 390 (106,152)
Citation 3

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

27.

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 334 (126,107)

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Innovative Acquisitions, Innovation, Competition

28.

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 266 (159,675)

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

29.

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 261 (162,711)
Citation 2

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Mergers and acquisition, state ownership, event studies

30.

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 251 (169,156)
Citation 2

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

31.

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 241 (175,849)
Citation 1

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

32.

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 239 (177,286)
Citation 2

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CEO narcissism, compensation, governance

33.

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 236 (179,417)

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innovation, banking industry, competition

34.

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 232 (182,345)
Citation 2

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event study, idiosyncratic risk

35.

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 211 (199,439)
Citation 1

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trade credit, signaling

36.

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 195 (214,277)
Citation 1

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

37.

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 (232,027)
Citation 1

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mergers and acquisitions; regulation; uncertainty; deterrence

38.
Downloads 172 (238,818)
Citation 3

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 Independent Researcher
Downloads 117 (324,568)

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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 Independent Researcher
Downloads 55 (506,647)
Citation 4

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

39.

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 171 (239,999)

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

40.

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 162 (251,216)
Citation 1

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systemic risk, euro, monetary union

41.

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 Independent Researcher
Downloads 145 (274,986)

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Mergers Negotiations, Negotiation Duration, Potential Competition

42.

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 139 (284,099)

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merger and acquisition, method of payment

43.

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 139 (284,099)

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

44.

Do investor reactions to merger announcements shape SEC filings writing?

Number of pages: 66 Posted: 11 Aug 2021 Last Revised: 14 Jan 2022
Nihat Aktas, Eric de Bodt and Can Dogan
WHU - Otto Beisheim School of Management, NHH-Caltech and WHU - Otto Beisheim School of Management
Downloads 121 (315,316)

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SEC filings, writing complexity, time to file, mergers and acquisitions, investor feedback

45.

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 120 (317,207)

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Stock Return, Information, Rivals’ Interactions

46.

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 87 (391,681)

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Regulatory uncertainty, merger and acquisition, deterrence

47.

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 76 (423,796)

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Financial analysts, Uncertainty, Implied volatility

48.

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 75 (426,891)

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mergers and acquisitions, skills, attrition, panel data

49.

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 64 (463,960)

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TARP, Paulson Plan, Competition

50.

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 60 (478,976)

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Financial analysts, Uncertainty, Implied volatility

51.

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 (552,203)

Abstract:

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TARP, the Paulson plan, Competition

52.

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 (623,731)

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Systemic Risk, Paulson Plan, Capital Purchase Program, CoVaR