Tuck School of Business at Dartmouth
TuckDartmouth
 
B. ESPEN ECKBO, Tuck Centennial Professor of Finance, Director, Center for Corporate Governance
PUBLICATIONS    

CONTENT

Journal Articles

Book Chapters

 Books (Edited)

Other Publications

Commentaries

Journal Articles

"Bankruptcy as an Auction Process: Lessons from Sweden," With Karin S. Thorburn, Journal of Applied Corporate Finance 21 (3), 36-50, 2009.

“Merger Negotiations and the Toehold Puzzle”, with Sandra Betton and Karin S. Thorburn, Journal of Financial Economics, 91, 158-178, 2009.

"Bidding Strategies and Takeover Premiums: A Review," Journal of Corporate Finance, 15, 149-178, 2009.

“Creditor Financing and Overbidding in Bankruptcy Auctions”, with Karin S. Thorburn, Journal of Corporate Finance, 15, 10-29, 2009.

"Equity Issues and the Disappearing Rights Offer Phenomenon," Journal of Applied Corporate Finance, 20 (4), 1-14, 2008.

"Automatic Bankruptcy Auctions and Fire-Sales", with Karin S. Thorburn, Journal of Financial Economics 89, 404-422, 2008.

"Liquidity Risk, Leverage and Long-Run IPO Returns", with Øyvind Norli, Journal of Corporate Finance, 11, 1-35, 2005. (lead article)

"Control Benefits and CEO Discipline in Automatic Bankruptcy Auctions," with Karin S. Thorburn, Journal of Financial Economics, 69, 227-258, 2003.

"Toeholds, Bid-jumps, and Expected Payoffs in Takeovers", with Sandra Betton, Review of Financial Studies 13, 841-882, 2000. (lead article)

"Seasoned Public Offerings: Resolution of the 'New Issues Puzzle'", with Ronald W. Masulis and Øyvind Norli,Journal of Financial Economics 56, 251-291, 2000.

"Gains to Bidder Firms Revisited: Domestic and Foreign Acquisitions in Canada", with Karin S. Thorburn,Journal of Financial and Quantitative Analysis 35, 1-25, 2000. (lead article)

"The Conditional Performance of Insider Trades", with David C. Smith, Journal of Finance 53, 467-498, 1998.

"Why Underwrite Rights Offers? Some New Evidence", with Øyvind Bøhren, and Dag Michalsen, Journal of Financial Economics 46, 223-261, 1997.

"Comment on `Determinants of Intercorporate Shareholdings'", European Finance Review 1, 289-293, 1997.

"Managerial Shareownership, Voting Power, and Corporate Dividends", with Savita Verma, Journal of Corporate Finance 1, 33-62, 1994.

Temporary Components of Stock Prices: New Univariate Results", with Jian Liu, Journal of Financial and Quantitative Analysis 28, 161-176, 1993.

"Adverse Selection and the Rights Offer Paradox", with Ronald W. Masulis, Journal of Financial Economics 32, 293-332, 1992.

”Common stock offerings, Praktisk Økonomi og Ledelse, no 3, 41-52, 1994.

"Mergers and the Value of Antitrust Deterrence", Journal of Finance 47, 1005-1029, 1992.

"Valuation Effects of Greenmail Prohibitions," Journal of Financial and Quantitative Analysis 25, 491-505, 1990.

"Anatomy of a Takeover Defense: The Southam-Torstar Standstill Agreement," Canadian Investment Review 4 (Fall), 73-78, 1991.

"Valuation Effects of Greenmail Prohibitions", Journal of Financial and Quantitative Analysis 25, 491-505, 1990.

"Asymmetric Information and the Medium of Exchange in Takeovers: Theory and Tests", with Ronald Giammarino and Robert Heinkel, Review of Financial Studies 3, 651-675, 1990.

"Consistent Estimation of Cross-Sectional Models in Event Studies", with Vojislav Maksimovic and Joseph Williams, Review of Financial Studies 3, 343-365, 1990.

"Information Disclosure, Means of Payment, and Takeover Premiums: Public and Private Tender Offers in France", with Herwig Langohr, Journal of Financial Economics 24, 363-403, 1989.

"The Role of Stock Market Studies in Formulating Antitrust Policy Towards Horizontal Mergers", Quarterly Journal of Business and Economics 28, 22-38, 1989.

"Antitrust Policy Towards Mergers: Misguided Intervention Prevents Efficiency Gains", with Peggy Wier, Simon Management Review,(Summer), 1-5, 1987.

"Mergers and the Market for Corporate Control: The Canadian Evidence", Canadian Journal of Economics 19, 236-260, 1986.

"Valuation Effects of Corporate Debt Offerings", Journal of Financial Economics 15, 119-151, 1986.

"Mergers and the Market Concentration Doctrine: Evidence from the Capital Market", Journal of Business 58, 325-349, 1985.

"Antimerger Policy under the Hart-Scott-Rodino Act: A Re-Examination of the Market Power Hypothesis", with Peggy Wier, Journal of Law and Economics 28, 119-149, 1985.

"Horizontal Mergers, Collusion and Stockholder Wealth", Journal of Financial Economics 11, 241-273, 1983.

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Book Chapters

“Corporate Takeovers”, with Sandra Betton and Karin S. Thorburn, to appear in B. E. Eckbo (ed.), Handbook of Corporate Finance: Empirical Corporate Finance, Volume 2, (Elsevier/North-Holland Handbook of Finance Series), Ch. 15, 291-430, 2008.

  • Reprinted in B.E. Eckbo (ed.), Corporate Takeovers: Modern Empirical Developments, Volume 2, (Elsevier), 2010.

“Corporate Restructurings”, with Karin S. Thorburn, to appear in B. E. Eckbo, Handbook of Corporate Finance: Empirical Corporate Finance Volume 2, (Elsevier/North-Holland Handbook of Finance Series), Ch. 16, 431-496, 2008.

  • Reprinted in B.E. Eckbo (ed.), Corporate Takeovers: Modern Empirical Developments, Volume 2, (Elsevier), 2010.

“Preface: Empirical Corporate Finance”, in B. Espen Eckbo, Handbook of Corporate Finance: Empirical Corporate Finance, Volume 1, (Elsevier/North-Holland Handbook of Finance Series), pp. ix-xviii, 2007.

“Security Offerings”, with Ronald W. Masulis and Øyvind Norli, in B. Espen Eckbo (ed.), Handbook of Corporate Finance: Empirical Corporate Finance, Volume 1, (Elsevier/North-Holland Handbook of Finance Series), Ch. 6, 233-373, 2007.

"Are Mandatory Bankruptcy Auctions More Efficient?", with Karin S. Thorburn, in B. Green (ed.), Risk Behavior and Risk Management in Business Life (Kluwer Academic Publishers), 288-295, 2000.

"Pensjonsfond: Porteføljevalg, Avkastning og Risiko" [Pension Funds: Portfolio Selection, Return and Risk], Norsk Offentlig Utredning (NOU 1998:10, vedlegg 3), 324-360, 1998.

"Bedriftsoppkjøp og Verdiskapning" [Corporate Takeovers and Value Creation], in K. Boye and C. B. Meyer (eds.), Fusjoner og Oppkjøp, (Cappelen Akademiske Forlag, Oslo), 244-278, 1998.

“Seasoned Equity Offerings: A Survey”, with Ronald W. Masulis, in R. Jarrow, V. Maksimovic and B. Ziemba (eds.) Finance (North-Holland, Series of Handbooks in Operations Research and Management Science), 1017-1072, 1995.

"Omfang og Lønnosomhet av Bedriftsoppkjøp" [Extent and Profitability of Corporate Takeovers], in Omstrukturering av Føretak, Nordiska Skattevetenskapliga Forskningsrådets Skriftserie, NSFS 29, Iustus Forlag, 291-336, 1993.

"Costs of Equity Issuance", with Ronald W. Masulis, in The New Palgrave Dictionary of Money and Finance, (Macmillan Press, London), 496-499, 1992.

"Acquisitions", in The New Palgrave Dictionary of Money and Finance, (Macmillan Press, London), 10-13, 1992.

"Mergers, Concentration, and Antitrust", in C. Wihlborg, M. Fratiani, and T.D. Willett (eds.), Financial Regulation and Monetary Arrangements after 1992, (North-Holland, Contributions to Economic Analysis Series), ch. 6, 123-143, 1991.

"Competition and Wealth Effects of Horizontal Mergers", in F. Mathewson, M. Trebilcock and M. Walker (eds.), The Law and Economics of Competition Policy , (The Fraser Institute, Vancouver), ch. 9, 297-332, 1990.

"The Market for Corporate Control: Policy Issues and Capital Market Evidence", in R.S. Khemani, D. Shapiro and W.T. Stanbury (eds.), Mergers, Corporate Concentration and Corporate Power in Canada, (The Canadian Institute for Research on Public Policy, Montreal), ch. 7, 143-225, 1988.

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Books (Edited)

Corporate Takeovers: Modern Empirical Developments. Volume 2: Bidding Strategies, Financing, and Corporate Control, (Elsevier), 2010, forthcoming.

Corporate Takeovers: Modern Empirical Developments. Volume 1: Valuation Estimates and Takeover Activity, (Elsevier), 2010, forthcoming.

Eckbo, B. Espen (ed.), Handbook of Corporate Finance: Empirical Corporate Finance, Volume 2, (Elsevier/North-Holland Handbook of Finance Series), ISBN-13: 978-0-444-53090-5, 2008.

B. Espen Eckbo (ed.), Handbook of Corporate Finance: Empirical Corporate Finance, Volume 1, (Elsevier/North-Holland Handbook of Fiannce Series), ISBN-13: 978-0-444-50898-0, 2007.

B. Espen Eckbo (ed.), Handbook of Corporate Finance: Corporate Governance (Elsevier/North-Holland/Handbooks in Finance Series), ISBN 0-444-51117-2, 2004

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Other Publications (Norwegian Language)

“Corporate Governance – i et Nøtteskall”, Penger og Kreditt 34 (publication of the Norwegian Central Bank), 87-99, 2006.

”Bedriftsoppkjøp og Verdiskapning” [Corporate Takeovers and Value Creation], Praktisk Økonomi og Finans, no. 2, 52-73, 1999

”Aktiv Eller Passiv Fondsforvaltning?” [Active or Passive Fund Management?], Praktisk Økonomi og Ledelse, no 1, 7-17, 1998.

“Norske Aksjeemisjoner” [Norwegian Equity Offerings], with Øyvind Bøhren and Dag Michalsen, Praktisk Økonomi og Ledelse, no 1, 47-57, 1996.

"Bedriftsoppkjøp og Eierbegrensninger” [Corporate Takeovers and Ownership Restrictions], Praktisk Økonomi og Ledelse, no 5, 123-127, 1991.

"Bedriftsoppkjøp og Internasjonalisering: Norge og Europa i 1980-årene" [Corporate Takeovers adn Internationalization: Norway and Eurpoe in the 1980s], Beta 5, 1-30, 1991.

"Markedet for Selskapskontroll" [The Market for Corporate Control], Praktisk Økonomi og Ledelse, no 3, 111-122, 1989.

"Markedet for Selskapskontroll: En Oversikt over Internasjonale Empiriske Forskningsresultater" [The Market for Corporate Control: A Review of International Empirical Research], Beta 1, 54-89, 1987.

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Commentaries

"Banking System Bailout - Scandinavian Style," CESifo DICE Report 3, 2009.

"Ghosts of Crises Past: Failed Banks, State Control, and Rapid Recovery," Financial Times, Mastering Management Series, pp. 6-8, January 23, 2009.

"Norge på Plass i Førersetet", Dagens Næringsliv (main Norwegian Business Daily), October 31, 2005.

"Strong Insiders Invite Weak Governance", Financial Times Summer School Series, May 20, 2005. (Lead article)

"CEO Elections Out of Shareholders’ Control", Financial Times Summer School Series, August 17, 2004.

"Ingen Innsidebørs", Dagens Næringsliv (main Norwegian Business Daily), August 23, 1999.

”Verdien av Innsidehandel på Oslo Børs” [The Value of Insider Trades on the Oslo Stock Exchange], Praktisk Økonomi og Finans, no. 3, 119-127, 1999

"Offentlig Kontroll med Private Stiftelser", Dagens Næringsliv (main Norwegian Business Daily), July, 1992.

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