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

29

DOWNLOADS
Rank 2,541

SSRN RANKINGS

Top 2,541

in Total Papers Downloads

14,736

SSRN CITATIONS
Rank 3,117

SSRN RANKINGS

Top 3,117

in Total Papers Citations

249

CROSSREF CITATIONS

137

Scholarly Papers (29)

1.
Downloads 2,109 ( 7,361)

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 2,109 (7,248)
Citation 184

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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

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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 1,520 (12,598)
Citation 11

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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 1,186 (18,481)
Citation 2

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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
Downloads 1,070 (21,565)
Citation 2

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Mergers and acquisitions; wealth creation; financial reporting irregularities

5.

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 1,024 (23,002)
Citation 36

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

6.

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 1,024 (23,002)
Citation 6

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

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 826 (31,339)
Citation 13

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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 796 (32,943)
Citation 4

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Golden Parachutes, Acquisitions, Moral Hazard, Reservation Premium

9.

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 556 (53,046)
Citation 25

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Monitoring, Institutional investors, Mergers and acquisitions, Takeover premiums

10.

CEO Deal-Making Activities and Compensation

AFA 2009 San Francisco Meetings Paper
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 549 (53,895)
Citation 5

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

11.

Shareholder Litigation and the Information Environment

Number of pages: 47 Posted: 29 Jan 2018 Last Revised: 22 Jul 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 Villanova University - Department of Finance & Real Estate
Downloads 486 (62,869)
Citation 6

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

12.

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 439 (71,207)
Citation 2

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

13.

Target Firm Advertising and Firm Value

Number of pages: 52 Posted: 19 Nov 2014 Last Revised: 25 Feb 2020
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 410 (77,288)
Citation 2

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Advertising; Mergers and acquisitions; Information transmission, Behavioral bias

14.

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
University of Navarra, IESE Business School and Drexel University - Department of Finance
Downloads 399 (79,745)
Citation 21

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

15.

Corporate Tax Cuts, Merger Activity, and Shareholder Wealth

Forthcoming: Journal of Accounting and Economics
Number of pages: 59 Posted: 16 Mar 2017 Last Revised: 25 Mar 2020
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 378 (84,929)
Citation 3

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Corporate Tax Deduction; Acquisitions; Firm Performance; Financial Constraints

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 327 (100,089)
Citation 5

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

17.

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 251 (132,623)
Citation 1

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Acquisitions; Agency Costs; Analyst Coverage; Natural Experiments

18.

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 237 (140,403)
Citation 2

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

19.

The Real Effects of Trend-Seeking and Extrapolation: Evidence from M&As

Number of pages: 52 Posted: 06 Jul 2017 Last Revised: 09 Jun 2020
Eliezer M. Fich and Guosong Xu
Drexel University - Department of Finance and Rotterdam School of Management, Erasmus University
Downloads 232 (143,384)
Citation 2

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Mergers and acquisitions; Earnings surprises; Trend-seeking; extrapolation

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 215 (154,133)

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supply chain, synergies, acquisitions, value creation, bargaining

21.

Institutional Trading Around M&A Announcements

Number of pages: 57 Posted: 20 Dec 2018 Last Revised: 01 Jun 2020
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 197 (167,316)

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M&A, Mutual Funds, Hedge Funds, Performance

22.

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 Cass Business School, City University London
Downloads 168 (192,707)
Citation 2

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Acquisitions, CEO retention, Managerial quality

23.

Uncertainty and Corporate Innovation: Evidence from Terrorist Attacks

Number of pages: 50 Posted: 12 Jun 2019 Last Revised: 14 Nov 2019
Eliezer M. Fich, Tung Nguyen and Dimitris Petmezas
Drexel University - Department of Finance, University of Surrey - Surrey Business School and University of Surrey - Surrey Business School
Downloads 157 (204,116)

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Uncertainty; Terrorism; Corporate Innovation; Patents; Citations; Inventor Productivity; Inventor Mobility; Employee Safety

24.

Class Action Spillover Effects on Joint Venture Partners

Number of pages: 52 Posted: 23 Feb 2018 Last Revised: 25 Feb 2020
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 115 (260,408)

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Class action; Lawsuits, Joint venture; Spillover effects

25.

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 44 (441,865)

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

26.

Internet Appendix for: Target Firm Advertising and Firm Value

Number of pages: 18 Posted: 03 Jan 2019 Last Revised: 25 Feb 2020
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 15 (595,319)

Abstract:

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Advertising; Mergers and acquisitions; Information transmission, Behavioral bias

27.

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 6 (657,468)
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28.

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

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Merger negotiations, Stock options, Takeover premium

29.

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

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Interlocks, CEO Compensation, CEO Turnover