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

23

DOWNLOADS
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Top 2,504

in Total Papers Downloads

11,568

CITATIONS
Rank 1,375

SSRN RANKINGS

Top 1,375

in Total Papers Citations

404

Scholarly Papers (23)

1.
Downloads 1,981 ( 5,582)
Citation 209

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 1,981 (5,477)
Citation 209

Abstract:

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:

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 1,415 (9,271)
Citation 23

Abstract:

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 1,037 (14,612)

Abstract:

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

4.

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 963 (17,048)
Citation 33

Abstract:

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

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 857 (19,252)
Citation 76

Abstract:

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

6.

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 749 (23,818)
Citation 51

Abstract:

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

7.

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 602 (26,902)
Citation 5

Abstract:

Golden Parachutes, Acquisitions, Moral Hazard, Reservation Premium

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 (20,030)
Citation 3

Abstract:

Mergers and acquisitions; wealth creation; financial reporting irregularities

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 484 (42,856)
Citation 2

Abstract:

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 225 (55,740)
Citation 2

Abstract:

Monitoring, Institutional investors, Mergers and acquisitions, Takeover premiums

11.

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 210 (89,509)

Abstract:

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

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
IMD International and Drexel University - Department of Finance
Downloads 178 (77,577)

Abstract:

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

13.

Advertising, Attention, and Acquisition Returns

Number of pages: 53 Posted: 19 Nov 2014 Last Revised: 02 Feb 2016
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 115 (106,398)

Abstract:

Advertising, Attention, Acquisition Returns

14.

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 108 (142,175)

Abstract:

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

15.

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

Number of pages: 58 Posted: 17 Mar 2012 Last Revised: 09 Jul 2017
Eliezer M. Fich and Tu Nguyen
Drexel University - Department of Finance and University of Waterloo - School of Accounting and Finance
Downloads 94 (152,225)

Abstract:

information asymmetry, supply chain, acquisitions, synergies, appraisal, goodwill

16.

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

Number of pages: 58 Posted: 17 Jul 2017
Eliezer M. Fich and Tu Nguyen
Drexel University - Department of Finance and University of Waterloo - School of Accounting and Finance
Downloads 0 (490,818)

Abstract:

information asymmetry, supply chain, acquisitions, synergies, appraisal, goodwill

17.

Are Market Reactions to M&As Biased by Irrelevant but Salient News?

Number of pages: 47 Posted: 06 Jul 2017 Last Revised: 14 Jul 2017
Eliezer M. Fich and Guosong Xu
Drexel University - Department of Finance and WHU - Otto Beisheim School of Management
Downloads 0 (365,139)

Abstract:

Salience; Illusory Correlation, Behavioral Bias, Mergers and Acquisitions; Mispricing; Earnings Surprises

18.

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 (321,233)

Abstract:

Acquisitions; Agency Costs; Analyst Coverage; Natural Experiments

19.

Corporate Tax Cuts, Merger Activity, and Shareholder Wealth

Number of pages: 59 Posted: 16 Mar 2017
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 0 (191,874)

Abstract:

Corporate Tax Deduction; Acquisitions; Firm Performance; Agency Problems

20.

The Effect of Takeover Protection on the Value of Cash: Evidence from a Natural Experiment

Number of pages: 46 Posted: 16 Mar 2016 Last Revised: 27 Oct 2016
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 0 (111,082)

Abstract:

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

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 0 (255,890)

Abstract:

Acquisitions, CEO retention, Managerial quality

22.

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:

Merger negotiations, Stock options, Takeover premium

23.

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:

Interlocks, CEO Compensation, CEO Turnover