Eliezer M. Fich

Drexel University - Department of Finance

Professor of Finance

LeBow College of Business

3220 Market Street – 11th Floor

Philadelphia, PA 19104

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 2,479

SSRN RANKINGS

Top 2,479

in Total Papers Downloads

13,701

CITATIONS
Rank 1,373

SSRN RANKINGS

Top 1,373

in Total Papers Citations

406

Scholarly Papers (27)

1.
Downloads 2,070 ( 6,529)

Are Busy Boards Effective Monitors?

ECGI - Finance Working Paper No. 55/2004; AFA 2005 Philadelphia Meetings
Number of pages: 50 Posted: 22 Oct 2004
Eliezer M. Fich and Anil Shivdasani
Drexel University - Department of Finance and University of North Carolina Kenan-Flagler Business School
Downloads 2,070 (6,417)
Citation 209

Abstract:

Loading...

Directorships, Board of directors, Corporate governance, Firm performance

Are Busy Boards Effective Monitors?

Journal of Finance, Forthcoming
Posted: 30 Mar 2005
Eliezer M. Fich and Anil Shivdasani
Drexel University - Department of Finance and University of North Carolina Kenan-Flagler Business School

Abstract:

Loading...

Directorships, Board of directors, Corporate governance, Firm performance

2.

Why Do CEOS Reciprocally Sit on Each Other's Boards?

AFA 2001 New Orleans; NYU Ctr for Law and Business Research Paper No 01-002
Number of pages: 40 Posted: 15 Dec 2000
Eliezer M. Fich and Lawrence J. White
Drexel University - Department of Finance and New York University (NYU) - Leonard N. Stern School of Business, Department of Economics
Downloads 1,513 (11,092)
Citation 23

Abstract:

Loading...

Interlocking directorates, CEOs, Board of directors, Corporate governance; Stock options

3.

Expanding the Limits of Merger Arbitrage

University of North Carolina Working Paper
Number of pages: 51 Posted: 19 Jun 2003
Eliezer M. Fich and Irina Stefanescu
Drexel University - Department of Finance and Federal Reserve Board, Washington D.C.
Downloads 1,147 (17,114)

Abstract:

Loading...

Risk arbitrage, S&P 500 Index, Price Pressure Hypothesis

4.

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 and Computer Information Systems
Downloads 1,058 (19,308)
Citation 3

Abstract:

Loading...

Mergers and acquisitions; wealth creation; financial reporting irregularities

5.

The Impact of Stock-Option Compensation for Outside Directors on Firm Value

Journal of Business, Forthcoming
Number of pages: 39 Posted: 02 Feb 2004
Eliezer M. Fich and Anil Shivdasani
Drexel University - Department of Finance and University of North Carolina Kenan-Flagler Business School
Downloads 1,022 (20,319)
Citation 33

Abstract:

Loading...

Compensation, board of directors, incentives, stock options, financial performance, outside directors

6.

Financial Fraud, Director Reputation, and Shareholder Wealth

AFA 2006 Boston Meetings Paper
Number of pages: 43 Posted: 24 Mar 2005
Eliezer M. Fich and Anil Shivdasani
Drexel University - Department of Finance and University of North Carolina Kenan-Flagler Business School
Downloads 992 (21,297)
Citation 78

Abstract:

Loading...

Director reputation, Financial fraud, Interlocking directorships, Class action lawsuits

7.

Are Some Outside Directors Better than Others? Evidence from Director Appointments by Fortune 1000 Firms

Journal of Business, Forthcoming
Number of pages: 43 Posted: 31 Jan 2004
Eliezer M. Fich
Drexel University - Department of Finance
Downloads 819 (28,099)
Citation 52

Abstract:

Loading...

Outside directors, event-study, Fortune 1000, growth opportunities

8.

On the Importance of Golden Parachutes

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 55 Posted: 25 Jun 2009 Last Revised: 23 Jul 2015
Eliezer M. Fich, Anh L. Tran and Ralph A. Walkling
Drexel University - Department of Finance, Cass Business School, City University London and Drexel University - Lebow College of Business
Downloads 789 (29,547)
Citation 5

Abstract:

Loading...

Golden Parachutes, Acquisitions, Moral Hazard, Reservation Premium

9.

CEO Deal-Making Activities and Compensation

AFA 2009 San Francisco Meetings Paper, Journal of Financial Economics (JFE), Forthcoming
Number of pages: 55 Posted: 24 Mar 2008 Last Revised: 24 Dec 2013
Eliezer M. Fich, Laura T. Starks and Adam S. Yore
Drexel University - Department of Finance, University of Texas at Austin - Department of Finance and University of Missouri at Columbia - Department of Finance
Downloads 535 (49,548)
Citation 1

Abstract:

Loading...

Executive Pay, Agency Problems, Joint Ventures, SEOs, Spinoffs, Strategic Alliances

10.

Motivated Monitors: The Importance of Institutional Investors’ Portfolio Weights

Journal of Financial Economics (JFE), 2015, Forthcoming
Number of pages: 62 Posted: 09 Jul 2014 Last Revised: 16 Feb 2015
Eliezer M. Fich, Jarrad Harford and Anh L. Tran
Drexel University - Department of Finance, University of Washington and Cass Business School, City University London
Downloads 515 (52,013)
Citation 2

Abstract:

Loading...

Monitoring, Institutional investors, Mergers and acquisitions, Takeover premiums

11.

Does Takeover Protection Matter? Evidence from a Natural Experiment

Number of pages: 53 Posted: 16 Mar 2016 Last Revised: 15 May 2018
Eliezer M. Fich, Jarrad Harford and Adam S. Yore
Drexel University - Department of Finance, University of Washington and University of Missouri at Columbia - Department of Finance
Downloads 396 (71,835)

Abstract:

Loading...

Cash value; Business combination laws; Takeover defenses; Natural experiments

12.

Are Outside Directors with Greater Board Tenure Valuable? Evidence from the Last Credit Crisis

Number of pages: 39 Posted: 25 May 2009 Last Revised: 05 Apr 2016
Nuno Fernandes and Eliezer M. Fich
Catolica Lisbon School of Business and Economics and Drexel University - Department of Finance
Downloads 366 (78,734)

Abstract:

Loading...

Financial expertise, Credit crisis, Bank returns, Moral hazard, Bailouts

13.

Shareholder Litigation and the Information Environment

Number of pages: 50 Posted: 29 Jan 2018 Last Revised: 06 Mar 2019
Audra L. Boone, Eliezer M. Fich and Thomas P. Griffin
Texas Christian University - M.J. Neeley School of Business, Drexel University - Department of Finance and Drexel University - Bennett S. LeBow College of Business
Downloads 360 (80,298)

Abstract:

Loading...

Information environment, shareholder litigation, financial misconduct, universal demand laws

14.

Target Firm Advertising and Firm Value

Number of pages: 57 Posted: 19 Nov 2014 Last Revised: 03 Jan 2019
Eliezer M. Fich, Laura T. Starks and Anh L. Tran
Drexel University - Department of Finance, University of Texas at Austin - Department of Finance and Cass Business School, City University London
Downloads 359 (80,535)

Abstract:

Loading...

Advertising; Mergers and acquisitions; Information transmission, Behavioral bias

15.

Corporate Tax Cuts, Merger Activity, and Shareholder Wealth

Number of pages: 71 Posted: 16 Mar 2017 Last Revised: 22 May 2018
University of Pennsylvania - Accounting Department, Drexel University - Department of Finance, University of Washington - Michael G. Foster School of Business and Cass Business School, City University London
Downloads 321 (91,457)

Abstract:

Loading...

Corporate Tax Deduction; Acquisitions; Firm Performance; Agency Problems

16.

Contractual Revisions in Compensation: Evidence from Merger Bonuses to Target CEOs

Journal of Accounting & Economics (JAE), Vol. 61, 2016, Forthcoming
Number of pages: 63 Posted: 02 Sep 2012 Last Revised: 17 Dec 2015
Eliezer M. Fich, Edward M. Rice and Anh L. Tran
Drexel University - Department of Finance, University of Washington - Michael G. Foster School of Business and Cass Business School, City University London
Downloads 312 (94,398)

Abstract:

Loading...

Merger bonus; Acquisitions; Synergies; Wealth transfer; Abnormal accruals; SEC enforcement actions

17.

Timing Stock Trades for Personal Gain: Private Information and Sales of Shares by CEOs

Number of pages: 47 Posted: 17 Mar 2015 Last Revised: 11 Jul 2015
Eliezer M. Fich, Robert Parrino and Anh L. Tran
Drexel University - Department of Finance, University of Texas at Austin - Department of Finance and Cass Business School, City University London
Downloads 220 (135,571)

Abstract:

Loading...

CEO stock sales, 10b5-1 plan, insider trading, governance

18.

Are Market Reactions to M&As Biased by Overextrapolation of Salient News?

Number of pages: 54 Posted: 06 Jul 2017 Last Revised: 27 Oct 2018
Eliezer M. Fich and Guosong Xu
Drexel University - Department of Finance and WHU - Otto Beisheim School of Management
Downloads 210 (141,714)

Abstract:

Loading...

Salience; Over-extrapolation, Behavioral bias, Mergers and acquisitions; Mispricing; Earnings surprises

19.

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, Securities and Exchange Commission (SEC) and Loyola Marymount University - Department of Finance and Computer Information Systems
Downloads 198 (149,672)

Abstract:

Loading...

Acquisitions; Agency Costs; Analyst Coverage; Natural Experiments

20.

The Value of CEOs' Supply Chain Experience: Evidence from Mergers and Acquisitions

Number of pages: 45 Posted: 17 Mar 2012 Last Revised: 16 Feb 2018
Eliezer M. Fich and Tu Nguyen
Drexel University - Department of Finance and University of Waterloo - School of Accounting and Finance
Downloads 190 (155,580)

Abstract:

Loading...

supply chain, synergies, acquisitions, value creation, bargaining

21.

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 139 (203,225)

Abstract:

Loading...

Acquisitions, CEO retention, Managerial quality

22.

Institutional Trading Around M&A Announcements

Number of pages: 53 Posted: 20 Dec 2018 Last Revised: 01 May 2019
Eliezer M. Fich, Viktoriya Lantushenko and Clemens Sialm
Drexel University - Department of Finance, Saint Joseph's University and University of Texas at Austin - McCombs School of Business
Downloads 81 (296,177)

Abstract:

Loading...

M&A, Mutual Funds, Hedge Funds, Performance

23.

Class Action Spillover Effects on Joint Venture Partners

Number of pages: 37 Posted: 23 Feb 2018 Last Revised: 22 Jun 2018
Eliezer M. Fich, Rachel Gordon and Adam S. Yore
Drexel University - Department of Finance, Towson University and University of Missouri at Columbia - Department of Finance
Downloads 75 (309,755)

Abstract:

Loading...

Class action; Lawsuits, Joint venture; Spillover effects

24.

Internet Appendix for: Target Firm Advertising and Firm Value

Number of pages: 14 Posted: 03 Jan 2019
Eliezer M. Fich, Laura T. Starks and Anh L. Tran
Drexel University - Department of Finance, University of Texas at Austin - Department of Finance and Cass Business School, City University London
Downloads 10 (567,470)

Abstract:

Loading...

Advertising; Mergers and acquisitions; Information transmission, Behavioral bias

25.

Institutional Trading Around M&A Announcements

NBER Working Paper No. w25814
Number of pages: 54 Posted: 07 May 2019
Eliezer M. Fich, Viktoriya Lantushenko and Clemens Sialm
Drexel University - Department of Finance, Saint Joseph's University and University of Texas at Austin - McCombs School of Business
Downloads 4 (604,234)
  • Add to Cart

Abstract:

Loading...

26.

Stock Option Grants to Target CEOs during Private Merger Negotiations

Journal of Financial Economics (JFE), Forthcoming
Posted: 22 Apr 2009 Last Revised: 30 Dec 2010
Eliezer M. Fich, Jie Cai and Anh L. Tran
Drexel University - Department of Finance, Drexel University and Cass Business School, City University London

Abstract:

Loading...

Merger negotiations, Stock options, Takeover premium

27.

CEO Compensation and Turnover: The Effects of Mutually Interlocked Boards

Wake Forest Law Review, Vol. 38, No. 3, 2003
Posted: 09 Jun 2005
Eliezer M. Fich and Lawrence J. White
Drexel University - Department of Finance and New York University (NYU) - Leonard N. Stern School of Business, Department of Economics

Abstract:

Loading...

Interlocks, CEO Compensation, CEO Turnover