B. Espen Eckbo

Tuck School of Business at Dartmouth

Tuck Centennial Professor of Finance

Hanover, NH 03755

United States

http://tuck.dartmouth.edu/faculty/faculty-directory/b-espen-eckbo

European Corporate Governance Institute (ECGI)

Research Associate

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

  • Tuck School of Business at Dartmouth

    • Email
    • Tel: 603-646-3953
    • Fax: 603-646-3805
SCHOLARLY PAPERS

61

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671

Scholarly Papers (61)

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1.

Corporate Takeovers

HANDBOOK OF CORPORATE FINANCE: EMPIRICAL CORPORATE FINANCE, Vol. 2, Chapter 15, pp. 291-430, B. E., Eckbo, ed., Elsevier/North-Holland Handbook of Finance Series, 2008, Tuck School of Business Working Paper No. 2008-47
Number of pages: 172 Posted: 12 May 2008 Last Revised: 03 Sep 2019
Sandra Betton, B. Espen Eckbo and Karin S. Thorburn
Concordia University, Quebec - Department of Finance, Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 9,773 (1,254)
Citation 17

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Takeover, merger, tender offer, auction, offer premium, bidder gains, toeholds, markups

2.

Security Offerings

HANDBOOK OF CORPORATE FINANCE: EMPIRICAL CORPORATE FINANCE, Vol. 1, B. E. Eckbo, ed., Chapter 6, pp. 233-373, Elsevier/North-Holland Handbook of Finance Series, 2007, Tuck School of Business Working Paper No. 2005-28
Number of pages: 168 Posted: 06 Dec 2005 Last Revised: 03 May 2009
B. Espen Eckbo, Ronald W. Masulis and Oyvind Norli
Tuck School of Business at Dartmouth, University of New South Wales, Sydney and BI Norwegian Business School - Department of Financial Economics
Downloads 5,826 (3,029)
Citation 22

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Security offering, IPO, SEO, debt offer, flotation method, underwriting, rights offer, private placement, shelf registration, adverse selection, announcement returns, long run performance

3.

Liquidity Risk, Leverage and Long-Run IPO Returns

Downloads 5,078 ( 3,867)
Citation 34

Liquidity Risk, Leverage and Long-Run IPO Returns

Tuck School of Business Working Paper No. 2004-14, Journal of Corporate Finance, Vol. 11, pp. 1-35, 2005
Number of pages: 44 Posted: 17 Apr 2000 Last Revised: 30 Apr 2009
B. Espen Eckbo and Oyvind Norli
Tuck School of Business at Dartmouth and BI Norwegian Business School - Department of Financial Economics
Downloads 5,057 (3,833)
Citation 21

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Liquidity, Long-run returns, IPO

Liquidity Risk, Leverage and Long-Run IPO Returns

Number of pages: 47 Posted: 22 Apr 2005
B. Espen Eckbo and Oyvind Norli
Tuck School of Business at Dartmouth and BI Norwegian Business School - Department of Financial Economics
Downloads 21 (1,165,986)
Citation 13
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Asset pricing, liquidity, risk and return, Initial Public Offering (IPO), capital structure, market efficiency

4.

Valuation Effects of Norway’s Board Gender-Quota Law Revisited

Downloads 3,413 ( 7,481)
Citation 12

Valuation Effects of Norway’s Board Gender-Quota Law Revisited

Management Science, Forthcoming, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 463/2016
Number of pages: 49 Posted: 14 Mar 2016 Last Revised: 06 Feb 2022
B. Espen Eckbo, Knut Nygaard and Karin S. Thorburn
Tuck School of Business at Dartmouth, Oslo Business School at Oslo Metropolitan University and Norwegian School of Economics
Downloads 3,399 (7,397)
Citation 10

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gender quota; board diversity; valuation effect; return correlation; long-run performance

Does Gender-Balancing the Board Reduce Firm Value?

CEPR Discussion Paper No. DP11176
Number of pages: 58 Posted: 18 Apr 2016
B. Espen Eckbo, Knut Nygaard and Karin S. Thorburn
Tuck School of Business at Dartmouth, Oslo Business School at Oslo Metropolitan University and Norwegian School of Economics
Downloads 14 (1,260,892)
Citation 2
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;ong-run performance, busy directors, corporate conversion, director independence, director network power, Gender quota, valuation effect

5.

Bidding Strategies and Takeover Premiums: A Review

Journal of Corporate Finance, Vol. 15, pp. 149-178, 2009, Tuck School of Business Working Paper No. 2008-48
Number of pages: 74 Posted: 05 Aug 2008 Last Revised: 05 May 2009
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 2,935 (9,462)
Citation 29

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Takeover, offer premium, bid strategy, bid jump, merger, tender offer, auction, negotiation, toehold, payment method, markup pricing

6.

Corporate Restructuring: Breakups and LBOs

HANDBOOK OF CORPORATE FINANCE: EMPIRICAL CORPORATE FINANCE, Vol. 2, Chapter 16, pp. 431-496, B. E. Eckbo, ed., Elsevier/North-Holland Handbook of Finance Series, 2008, Tuck School of Business Working Paper No. 2008-49
Number of pages: 86 Posted: 15 May 2008 Last Revised: 23 Feb 2011
B. Espen Eckbo and Karin S. Thorburn
Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 2,823 (10,061)
Citation 1

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Restructuring, breakup, divestiture, spinoff, equity carveout, tracking stock, leveraged

7.

Seasoned Equity Offerings: A Survey

FINANCE (NORTH-HOLLAND, HANDBOOKS OF OPERATIONS RESEARCH AND MANAGEMENT SCIENCE), R. Jarrow, V. Maksimovic, W. Ziemba, eds., Ch. 31, pp. 1017-1072, 1995
Number of pages: 71 Posted: 12 Nov 2008
B. Espen Eckbo and Ronald W. Masulis
Tuck School of Business at Dartmouth and University of New South Wales, Sydney
Downloads 2,184 (15,215)
Citation 2

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Seasoned equity offering, SEO, flotation costs, flotation method choice, underwriting, firm commitment offers, best effort, rights offer, standby rights offer, quality certification, shareholder takeup, adverse selection, market timing, aggregate issue activity, market microstructure effects

8.

Corporate Restructuring

Foundations and Trends in Finance, Forthcoming
Number of pages: 109 Posted: 02 Jun 2013
B. Espen Eckbo and Karin S. Thorburn
Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 2,156 (15,555)

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Restructuring, LBO, divestiture, spinoff, carveout

9.

Horizontal Mergers, Collusion, and Stockholder Wealth

Journal of Financial Economics (JFE), Vol. 11, pp. 241-273, 1983
Number of pages: 32 Posted: 21 May 2009
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 1,984 (17,763)
Citation 51

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Merger, collusion, market power, antitrust, efficiency, rivals, industry rents

10.

Corporate Takeovers and Economic Efficiency

Downloads 1,669 (23,230)
Citation 30

Corporate Takeovers and Economic Efficiency

ECGI - Finance Working Paper No. 391/2013, Tuck School of Business Working Paper No. 2013-122
Number of pages: 50 Posted: 17 Oct 2013 Last Revised: 04 Dec 2013
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 1,669 (22,825)
Citation 30

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Takeover, supply chain, innovation, bidding, deal terms, takeover gains

Corporate Takeovers and Economic Efficiency

Annual Review of Financial Economics, Vol. 6, pp. 51-74, 2014
Posted: 25 Nov 2014
B. Espen Eckbo
Tuck School of Business at Dartmouth

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11.

Corporate Takeovers: Modern Empirical Developments

CORPORATE TAKEOVERS: MODERN EMPIRICAL DEVELOPMENTS, B. Espen Eckbo, ed., Elsevier/Academic Press, 2011 , Tuck School of Business Working Paper No. 2011-92
Number of pages: 49 Posted: 23 Feb 2011
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 1,537 (26,338)
Citation 1

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Takeovers, Restructurings, Bidding Strategies, Offer Premiums, Takeover Wealth Effects, Merger Waves, Targets in Bankruptcy, Merger Arbitrage

12.

Merger Negotiations and the Toehold Puzzle

Tuck School of Business Working Paper No. 2005-16, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 85/2005, EFA 2006 Zurich Meetings, Journal of Financial Economics, Forthcoming
Number of pages: 54 Posted: 26 May 2005 Last Revised: 09 Nov 2018
Sandra Betton, B. Espen Eckbo and Karin S. Thorburn
Concordia University, Quebec - Department of Finance, Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 1,523
Citation 60

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Bidding strategy, tender offer, merger, toehold, termination fee, bid failure

13.

How Costly Is Corporate Bankruptcy for the CEO?

Downloads 1,357 (31,640)
Citation 29

How Costly Is Corporate Bankruptcy for the CEO?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 47 Posted: 31 Aug 2012 Last Revised: 12 Feb 2016
B. Espen Eckbo, Karin S. Thorburn and Wei Wang
Tuck School of Business at Dartmouth, Norwegian School of Economics and Queen's University - Smith School of Business
Downloads 1,337 (31,787)
Citation 11

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labor market capital, personal bankruptcy costs, turnover, career change, CEO compensation, wealth loss

How Costly is Corporate Bankruptcy for the CEO?

CEPR Discussion Paper No. DP10985
Number of pages: 44 Posted: 16 Dec 2015
B. Espen Eckbo, Karin S. Thorburn and Wei Wang
Tuck School of Business at Dartmouth, Norwegian School of Economics and Queen's University - Smith School of Business
Downloads 20 (1,179,560)
Citation 18
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career change, CEO compensation, labor market capital, personal bankruptcy costs, turnover, wealth loss

14.

Markup Pricing Revisited

Tuck School of Business Working Paper No. 2008-45, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 199
Number of pages: 43 Posted: 17 Mar 2008 Last Revised: 09 Nov 2018
Sandra Betton, B. Espen Eckbo and Karin S. Thorburn
Concordia University, Quebec - Department of Finance, Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 1,344
Citation 33

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Bidder returns, target runup, takeover, markup pricing, toehold bidding

15.

Adverse Selection and the Rights Offer Paradox

Journal of Financial Economics (JFE), Vol. 32, No. 3, pp. 293-332, 1992
Number of pages: 49 Posted: 19 Jun 2006
B. Espen Eckbo and Ronald W. Masulis
Tuck School of Business at Dartmouth and University of New South Wales, Sydney
Downloads 1,302 (33,669)
Citation 16

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Flotation method, seasoned common stock, SEO, stock offer, rights offer, adverse selection

16.

Are Stock-Financed Takeovers Opportunistic?

Downloads 1,247 (35,805)
Citation 21

Are Stock-Financed Takeovers Opportunistic?

Journal of Financial Economics (JFE), Forthcoming, ECGI - Finance Working Paper No. 393/2013, Tuck School of Business Working Paper No. 2013-121
Number of pages: 54 Posted: 21 Nov 2013 Last Revised: 18 Apr 2017
B. Espen Eckbo, Tanakorn Makaew and Karin S. Thorburn
Tuck School of Business at Dartmouth, University of Southern California and Norwegian School of Economics
Downloads 1,246 (35,263)
Citation 9

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Takeovers, payment method, mispricing, capital structure, industry relatedness, geographic location

Are Stock-Financed Takeovers Opportunistic?

CEPR Discussion Paper No. DP11974
Number of pages: 51 Posted: 25 Apr 2017
B. Espen Eckbo, Tanakorn Makaew and Karin S. Thorburn
Tuck School of Business at Dartmouth, University of Southern California and Norwegian School of Economics
Downloads 1 (1,379,570)
Citation 12
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cash payment, governance, information asymmetry, mispricing, mutual fund flow, opportunism, payment method, stock payment, Takeover bidding

17.

Creditor Financing and Overbidding in Bankruptcy Auctions: Theory and Tests

Journal of Corporate Finance, Vol. 15, pp. 10-29, 2009, Tuck School of Business Working Paper No. 2004-13, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 68/2005
Number of pages: 54 Posted: 17 Dec 2004 Last Revised: 09 Nov 2018
B. Espen Eckbo and Karin S. Thorburn
Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 1,199 (37,913)
Citation 10

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Bankruptcy, auctions, overbidding, fire sale, saleback, governance, premiums, recovery rates, bank bidding

18.

Loans to Chapter 11 Firms: Contract Design, Repayment Risk, and Pricing

European Corporate Governance Institute – Finance Working Paper No. 794/2021, Journal of Law and Economics, forthcoming
Number of pages: 51 Posted: 16 May 2019 Last Revised: 28 Oct 2023
B. Espen Eckbo, Kai Li and Wei Wang
Tuck School of Business at Dartmouth, University of British Columbia (UBC) - Sauder School of Business and Queen's University - Smith School of Business
Downloads 1,168 (39,440)
Citation 7

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debtor-in-possession financing, Chapter 11; loan spreads, loan fees, default risk, leveraged loans, relationship lending, rent extraction

19.

Tradeoff Theory and Leverage Dynamics of High-Frequency Debt Issuers

Review of Finance, forthcoming
Number of pages: 56 Posted: 17 Mar 2013 Last Revised: 19 Jun 2020
B. Espen Eckbo and Michael Kisser
Tuck School of Business at Dartmouth and BI Norwegian Business School
Downloads 1,150 (40,342)
Citation 7

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High-frequency debt issuer, issue costs and benefits, dynamic rebalancing, leverage profitability relation, speed of adjustment, tradeoff theory

20.

Merger-Driven Listing Dynamics

Journal of Financial and Quantitative Analysis, Forthcoming, European Corporate Governance Institute – Finance Working Paper No. 752/2021
Number of pages: 95 Posted: 03 Mar 2020 Last Revised: 21 Apr 2024
B. Espen Eckbo and Markus Lithell
Tuck School of Business at Dartmouth and Virginia Tech - Pamplin College of Business
Downloads 1,137 (41,111)

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M&A, merger, public listing, listing peak, listing gap

21.

Seasoned Public Offerings: Resolution of the 'New Issues Puzzle'

Journal of Financial Economics, Vol. 56, 251-291, 2000, Tuck School of Business Working Paper
Number of pages: 38 Posted: 21 Feb 2001 Last Revised: 04 May 2009
B. Espen Eckbo, Ronald W. Masulis and Oyvind Norli
Tuck School of Business at Dartmouth, University of New South Wales, Sydney and BI Norwegian Business School - Department of Financial Economics
Downloads 1,094 (43,410)
Citation 45

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New issues puzzle, long-run performance, factor risk, seasoned public offerings, equity issuer

22.

Contemporary Corporate Governance Issues: Program, July 7-8, 2000

Number of pages: 6 Posted: 02 Aug 2000
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 1,051 (45,909)

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23.

The Choice of Seasoned-Equity Selling Mechanism: Theory and Evidence

Downloads 950 (52,872)
Citation 9

The Choice of Seasoned-Equity Selling Mechanism: Theory and Evidence

Number of pages: 57 Posted: 17 Dec 2004
B. Espen Eckbo and Oyvind Norli
Tuck School of Business at Dartmouth and BI Norwegian Business School - Department of Financial Economics
Downloads 932 (53,436)
Citation 9

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Adverse selection, equity offerings, flotation method, rights offer, private placement, underwriting, sequential equilibrium, announcement returns, long-run returns

The Choice of Seasoned-Equity Selling Mechanism: Theory and Evidence

Number of pages: 56 Posted: 26 Apr 2005
B. Espen Eckbo and Oyvind Norli
Tuck School of Business at Dartmouth and BI Norwegian Business School - Department of Financial Economics
Downloads 18 (1,206,577)
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Equity offering, flotation method, sequential equilibrium, adverse selection, rights offer, underwriting

24.

Merger Negotiations with Stock Market Feedback

Journal of Finance, Forthcoming, ECGI - Finance Working Paper No. 392/2013, Tuck School of Business Working Paper No. 2011-94
Number of pages: 63 Posted: 10 May 2011 Last Revised: 06 Dec 2013
Sandra Betton, B. Espen Eckbo, Rex Thompson and Karin S. Thorburn
Concordia University, Quebec - Department of Finance, Tuck School of Business at Dartmouth, affiliation not provided to SSRN and Norwegian School of Economics
Downloads 926 (54,784)
Citation 21

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Merger negotiations, market feedback loop, takeover bid, offer price markup, target runup, rational bidding, market efficiency, nonlinear test

25.

Bidder-Specific Synergies and the Evolution of Acquirer Returns

Management Science, forthcoming, European Corporate Governance Institute – Finance Working Paper No. 767/2021
Number of pages: 85 Posted: 19 Aug 2019 Last Revised: 09 Apr 2024
Olivier Dessaint, B. Espen Eckbo and Andrey Golubov
INSEAD, Tuck School of Business at Dartmouth and University of Toronto - Rotman School of Management
Downloads 912 (55,945)
Citation 12

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Mergers and acquisitions, acquirer returns, bidder-specific synergies, bidder uniqueness

26.

Managerial Shareownership, Voting Power, and Cash Dividend Policy

Journal of Corporate Finance, Vol. 1, pp. 33-62, 1994
Number of pages: 39 Posted: 27 Oct 2008
B. Espen Eckbo and Savita Verma
Tuck School of Business at Dartmouth and affiliation not provided to SSRN
Downloads 824 (64,244)
Citation 3

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Dividend policy, shareholder clieneteles, taxes, free cash flow, consensus dividend, voting power,

27.

Valuation Effects of Corporate Debt Offerings

Journal of Financial Economics (JFE), Vol. 15, 119-151, 1986
Number of pages: 39 Posted: 18 Oct 2009 Last Revised: 29 Dec 2009
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 773 (69,972)
Citation 6

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Straight debt offerings, convertible debt offerings, capital structure change, information effects, adverse selection, agency hypotheses

28.

Competition Shocks, Rival Reactions, and Stock Return Comovement

Journal of Financial and Quantitative Analysis, forthcoming, Tuck School of Business Working Paper No. 3218544
Number of pages: 65 Posted: 23 Jul 2018 Last Revised: 19 May 2024
Eric de Bodt, B. Espen Eckbo and Richard Roll
NHH, Tuck School of Business at Dartmouth and California Institute of Technology
Downloads 694 (80,464)
Citation 8

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

29.

Toeholds, Bid Jumps, and Expected Payoffs in Takeovers

Review of Financial Studies, Vol. 13, 841-882, 2000, Tuck School of Business Working Paper
Number of pages: 51 Posted: 20 Feb 2001 Last Revised: 04 May 2009
Sandra Betton and B. Espen Eckbo
Concordia University, Quebec - Department of Finance and Tuck School of Business at Dartmouth
Downloads 675 (83,375)
Citation 11

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Takeover contest, tender offer, toeholds, bidding, bid jumps, rival bidders

30.

Does Mandatory Board Gender-Balancing Reduce Firm Value?

Tuck School of Business Working Paper No. 4039292, European Corporate Governance Institute - Law Working Paper No. 629/2022
Number of pages: 41 Posted: 24 Feb 2022 Last Revised: 02 Mar 2022
B. Espen Eckbo, Knut Nygaard and Karin S. Thorburn
Tuck School of Business at Dartmouth, Oslo Business School at Oslo Metropolitan University and Norwegian School of Economics
Downloads 667 (84,668)

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Gender quota; board diversity; valuation effect; return correlation; long-run performance, operating performance, legal conversion

31.

Equity Issues and the Disappearing Rights Offer Phenomenon

Tuck School of Business Working Paper No. 2008-49, Journal of Applied Corporate Finance, Forthcoming
Number of pages: 35 Posted: 01 Oct 2008 Last Revised: 30 Oct 2008
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 616 (93,698)
Citation 3

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Seasoned equity issue, rights offer, underwritten offer, shareholder takeup, adverse selection, issue costs

32.

Bank Compensation for the Penalty-Free Loan-Prepayment Option: Theory and Evidence

Downloads 599 (97,108)
Citation 1

Bank Compensation for the Penalty-Free Loan-Prepayment Option: Theory and Evidence

Management Science, forthcoming, Tuck School of Business Working Paper No. 1964843, European Corporate Governance Institute – Finance Working Paper No. 770/2021
Number of pages: 56 Posted: 26 Nov 2011 Last Revised: 04 Feb 2025
B. Espen Eckbo, Xunhua Su and Karin S. Thorburn
Tuck School of Business at Dartmouth, NHH Norwegian School of Economics and Norwegian School of Economics
Downloads 598 (96,005)
Citation 1

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bank loans, prepayment, credit rationing, upfront fee, performance-pricing

Bank Compensation for Penalty-Free Loan Prepayment: Theory and Tests

CEPR Discussion Paper No. DP16300
Number of pages: 47 Posted: 14 Jul 2021
B. Espen Eckbo, Xunhua Su and Karin S. Thorburn
Tuck School of Business at Dartmouth, NHH Norwegian School of Economics and Norwegian School of Economics
Downloads 1 (1,379,570)
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33.

Mergers and the Market Concentration Doctrine: Evidence from the Capital Market

Journal of Business, Vol. 58, pp. 325-349,1985
Number of pages: 25 Posted: 19 Jun 2010
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 581 (100,985)
Citation 8

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Mergers, antitrust, concentration, market power, industry rents

34.

Corporate Takeovers: Theory and Evidence *

FEB-RN Research Paper No. 41/2025, European Corporate Governance Institute – Finance Working Paper No. 1030/2025
Number of pages: 193 Posted: 06 Jan 2025 Last Revised: 28 Jan 2025
B. Espen Eckbo, Andrey Malenko and Karin S. Thorburn
Tuck School of Business at Dartmouth, Boston College and Norwegian School of Economics
Downloads 579 (102,560)

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Takeover initiation, auction, negotiation, rational bidding, markup pricing, payment method, bidder opportunism, U.S. listing gap, market power

35.

Efficiency of Share-Voting Systems: Report on Italy

Tuck School of Business Working Paper No. 2009-64, ECGI - Law Working Paper No. 174/2011
Number of pages: 188 Posted: 11 Jul 2009 Last Revised: 18 Feb 2011
B. Espen Eckbo, Giulia Paone and Runa Urheim
Tuck School of Business at Dartmouth, Dartmouth College - Tuck School of Business and Central Bank of Norway
Downloads 566 (104,337)
Citation 5

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voting, voting chain, shareownership, shareholder rights, proxy voting, voting impediments

36.

Information Disclosure, Method of Payment, and Takeover Premiums: Public and Private Tender Offers in France

Journal of Financial Economics (JFE), Vol. 24, pp. 363-403, 1989
Number of pages: 43 Posted: 01 Oct 2009
B. Espen Eckbo and Herwig Langohr
Tuck School of Business at Dartmouth and INSEAD, Finance (Deceased)
Downloads 528 (113,830)
Citation 13

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Tender offer, takeover premium, disclosure rules, method of payment, all-cash offer, all-stock offer, offer for control, minority buyout

37.

Asymmetric Information and the Medium of Exchange in Takeovers: Theory and Tests

Review of Financial Studies, Vol. 3, pp. 651-675, 1990
Number of pages: 33 Posted: 12 Nov 2008
B. Espen Eckbo, Ron Giammarino and Robert L. Heinkel
Tuck School of Business at Dartmouth, University of British Columbia (UBC) - Sauder School of Business and Univeristy of British Columbia
Downloads 527 (114,110)
Citation 14

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Takeovers, method of payment, separating equilibrium, mix cash-stock payment, all-stock payment, all-cash payment, maximum likelihood estimation, bidder announcement returns

38.

Pervasive Liquidity Risk

Number of pages: 37 Posted: 26 Jun 2007
B. Espen Eckbo and Oyvind Norli
Tuck School of Business at Dartmouth and BI Norwegian Business School - Department of Financial Economics
Downloads 524 (114,893)
Citation 20

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Liquidity, Risk factor, Commonality

39.

The leverage-profitability puzzle ressurected

Review of Finance, forthcoming
Number of pages: 43 Posted: 24 Apr 2018 Last Revised: 20 Oct 2020
B. Espen Eckbo and Michael Kisser
Tuck School of Business at Dartmouth and BI Norwegian Business School
Downloads 512 (118,212)
Citation 2

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Capital structure, tradeoff theory, dynamic inaction, recapitalizations, leverage-profitbility correlation, pecking order

40.

Gains to Bidder Firms Revisited: Domestic and Foreign Acquisitions in Canada

Amos Tuck School of Business Working Paper No. 00-04
Number of pages: 39 Posted: 13 Dec 2000 Last Revised: 23 Nov 2015
B. Espen Eckbo and Karin S. Thorburn
Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 474
Citation 21

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41.

Tuck-Jfqa Contemporary Corporate Governance Issues Ii: International Corporate Governance Conference Program, July 12-13, 2002

Number of pages: 4 Posted: 15 Aug 2002
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 473 (129,939)
Citation 2

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42.

Efficiency of Share-Voting Systems: Report on Sweden

Tuck School of Business Working Paper No. 2010-79, ECGI - Law Working Paper No. 173/2011
Number of pages: 231 Posted: 01 Aug 2010 Last Revised: 18 Feb 2011
B. Espen Eckbo, Giulia Paone and Runa Urheim
Tuck School of Business at Dartmouth, Dartmouth College - Tuck School of Business and Central Bank of Norway
Downloads 429 (145,942)
Citation 1

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Share Voting, Shareholder Rights Directive, Corporate Governance, Hare Holding System, Corporate Law

43.

The Conditional Performance of Insider Trades

Journal of Finance, Vol. 53, pp. 467-498, 1998, Tuck School of Business Working Paper
Number of pages: 51 Posted: 23 Jul 1998 Last Revised: 27 Oct 2008
B. Espen Eckbo and David C. Smith
Tuck School of Business at Dartmouth and University of Virginia - McIntire School of Commerce
Downloads 398 (159,068)
Citation 13

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44.

Strategic Decisions in Takeover Auctions

Tuck School of Business Working Paper No. 3474091 (2019), Annual Review of Financial Economics, forthcoming
Number of pages: 59 Posted: 24 Oct 2019 Last Revised: 24 Aug 2020
B. Espen Eckbo, Andrey Malenko and Karin S. Thorburn
Tuck School of Business at Dartmouth, Boston College and Norwegian School of Economics
Downloads 393 (161,340)

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takeover initiation, auction, negotiation, optimal bidding, payment method, competition premption, bidder opportunism

45.

Economic Effects of Auction Bankruptcy

Tuck School of Business Working Paper No. 2009-63
Number of pages: 35 Posted: 16 Apr 2009 Last Revised: 27 Apr 2009
B. Espen Eckbo and Karin S. Thorburn
Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 388 (163,637)
Citation 4

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Bankruptcy, auction, reorganization, liquidation, risk-shifting, asset substitution, fire-sale, bankruptcy costs

46.

Director informativeness following board gender-balancing: Evidence from insider trading *

Tuck School of Business Working Paper No. 3475061, European Corporate Governance Institute – Finance Working Paper No. 783/2021
Number of pages: 73 Posted: 25 Oct 2019 Last Revised: 31 Mar 2025
B. Espen Eckbo and Bernt Arne Ødegaard
Tuck School of Business at Dartmouth and University of Stavanger
Downloads 356 (181,193)

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Board gender-balancing, director network, insider holdings, trading performance

47.

Control Benefits and CEO Discipline in Automatic Bankruptcy Auctions

Downloads 346 (185,797)
Citation 6

Control Benefits and CEO Discipline in Automatic Bankruptcy Auctions

Journal of Financial Economics (JFE), Vol. 69, pp. 227-258, 2003, Tuck School of Business Working Paper No. 02-16
Number of pages: 43 Posted: 15 Jul 2002 Last Revised: 27 Oct 2008
B. Espen Eckbo and Karin S. Thorburn
Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 320 (200,376)
Citation 2

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CEO Turnover, Executive Compensation, Private Benefits of Control, Risk-shifting Incentives, Bankruptcy, Post-bankruptcy Performance

Control Benefits and CEO Discipline in Automatic Bankruptcy Auctions

Number of pages: 38 Posted: 04 Nov 2002
B. Espen Eckbo and Karin S. Thorburn
Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 26 (1,099,768)
Citation 4
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Post-bankruptcy performance, CEO turnover, bankruptcy, executive compensation, private benefits of control, risk-shifting incentives

48.

Why Underwrite Rights Offers? Some New Evidence

Journal of Financial Economics, Vol. 46, pp. 223-261, 1997
Number of pages: 49 Posted: 28 Oct 2008
Øyvind Bøhren, B. Espen Eckbo and Dag Michalsen
BI Norwegian Business School, Tuck School of Business at Dartmouth and BI Norwegian Business School
Downloads 328 (196,754)
Citation 9

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Rights offer, standby underwriting, seasoned equity offer, flotation costs, shareholder takeup, adverse selection

49.

Consistent Estimation of Cross-Sectional Models in Event Studies

Review of Financial Studies, Vol. 3, pp. 343-365, 1990
Number of pages: 30 Posted: 12 Nov 2008
B. Espen Eckbo, Vojislav Maksimovic and Joseph Williams
Tuck School of Business at Dartmouth, University of Maryland - Robert H. Smith School of Business and University of British Columbia (UBC) - Sauder School of Business
Downloads 327 (197,443)
Citation 12

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Event studies, voluntary events, consistent estimation, selection bias, OLS, GLS, ML estimation, nonlinear estimator, synergy gains, horizontal mergers, bidder gains

50.

Automatic Bankruptcy Auctions and Fire-Sales

Journal of Financial Economics (JFE), Vol. 89, pp. 404-422, 2008, Tuck School of Business Working Paper No. 2007-36
Number of pages: 45 Posted: 17 Jan 2009 Last Revised: 07 May 2009
B. Espen Eckbo and Karin S. Thorburn
Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 324 (199,355)
Citation 16

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Bankruptcy, auction, going-concern sale, piecemeal liquidation, fire-sale

51.

The Government as Active Shareholder

Number of pages: 25 Posted: 29 Dec 2009
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 319 (202,705)
Citation 2

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Shareholder activism, corporate governance, share-voting, director election, say on pay, privatization

52.

Mergers and the Value of Antitrust Deterrence

Journal of Finance, Vol. 47, pp. 1005-1029, 1992
Number of pages: 36 Posted: 12 Nov 2008
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 319 (202,705)
Citation 11

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Mergers, antitrust, deterrence, market power, merger for monopoly, industry valuation effect, industry concentration, market concentration doctrine, collusive merger, efficiency

53.

Banking System Bailout - Scandinavian Style

Downloads 305 (212,810)
Citation 1

Banking System Bailout - Scandinavian Style

Journal of Applied Corporate Finance, Vol. 22, pp. 85-93, Summer 2010, Tuck School of Business Working Paper No. 2010-82
Number of pages: 27 Posted: 11 Sep 2010
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 276 (234,624)
Citation 1

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Banking Crisis, Bailout, Bankruptcy, Government Shareownership, Governance

Banking System Bailout-Scandinavian Style

Journal of Applied Corporate Finance, Vol. 22, Issue 3, pp. 85-93, Summer 2010
Number of pages: 11 Posted: 01 Mar 2023
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 29 (1,062,785)

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54.

Reforming Share-Voting Systems: The Case of Italy

Tuck School of Business Working Paper No. 2011-93
Number of pages: 21 Posted: 26 Apr 2011
B. Espen Eckbo and Giulia Paone
Tuck School of Business at Dartmouth and Dartmouth College - Tuck School of Business
Downloads 246 (265,423)

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shareholder registry, cross-border voting, voting chain, voting rights, share blocking, centralized share deposit, electronic voting, proxy voting, EU shareholder rights directive

55.

Antimerger Policy Under the Hart-Scott-Rodino Act: A Reexamination of the Market Power Hypothesis

Journal of Law and Economics, Vol. 28, pp. 119-149, 1985
Number of pages: 28 Posted: 19 Jun 2010
B. Espen Eckbo and Peggy Wier
Tuck School of Business at Dartmouth and affiliation not provided to SSRN
Downloads 212 (306,466)
Citation 5

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Mergers, antitrust, market power, collusion, rival firms, industry rents

56.

Tuck Contemporary Corporate Governance Issues Iii Conference Program, July 9-10, 2004

Number of pages: 4 Posted: 08 Jun 2004
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 175 (365,433)

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57.

Temporary Components of Stock Prices: New Univariate Results

Journal of Financial and Quantitative Analysis, Vol. 28, 161-176, 1993
Number of pages: 21 Posted: 28 Oct 2008
B. Espen Eckbo and Jian Liu
Tuck School of Business at Dartmouth and affiliation not provided to SSRN
Downloads 144 (431,006)

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Random walk, predictable components of stock prices, mean reversion, lower bound, ARIMA process, variance proportion estimate

58.

Valuation Effects of Greenmail Prohibitions

Journal of Financial and Quantitative Analysis (JFQA), Vol. 25, pp. 491-505,1990
Number of pages: 23 Posted: 12 Nov 2008
B. Espen Eckbo
Tuck School of Business at Dartmouth
Downloads 126 (479,525)
Citation 3

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Greenmail, managerial entrenchment, corporate governance, takeovers, antigrenmail charter amendment, proxy mailing, takeover rumors, market reaction

59.

Gains to Bidder Firms Revisited: Domestic and Foreign Acquisitions in Canada

Journal of Financial and Quantitative Analysis, Vol. 35, No. 1, 2000
Number of pages: 37 Posted: 16 Dec 1999 Last Revised: 01 Jan 2016
B. Espen Eckbo and Karin S. Thorburn
Tuck School of Business at Dartmouth and Norwegian School of Economics
Downloads 101
Citation 2

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60.

The Toehold Puzzle

CEPR Discussion Paper No. 5084
Number of pages: 52 Posted: 12 Oct 2005
Sandra Betton, Karin S. Thorburn and B. Espen Eckbo
Concordia University, Quebec - Department of Finance, Norwegian School of Economics and Tuck School of Business at Dartmouth
Downloads 28 (1,045,544)
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61.

Strategic Decisions in Takeover Auctions: Recent Developments

Annual Review of Financial Economics, Vol. 12, pp. 237-276, 2020
Posted: 10 Dec 2020
B. Espen Eckbo, Andrey Malenko and Karin S. Thorburn
Tuck School of Business at Dartmouth, Boston College and Norwegian School of Economics

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