B. Espen Eckbo


Curriculum Vitae


  • Graduate School of Management, University of Rochester, New York, PhD (Finance and Economics), May 1981
  • Graduate School of Management, University of Rochester, New York, MSc (Finance and Economics), May 1980
  • Norwegian School of Economics and Business Administration, MSc (Economics and Finance), May 1977
  • Norwegian School of Economics and Business Administration, BSc (Economics), May 1975


  • Tuck School of Business at Dartmouth, USA: 1998 – present
    Tuck Centennial Chair in Finance
    Founding Director, Lindenauer Center for Corporate Governance
  • Norwegian School of Economics and Business Administration, Norway: 1990 – present
    Adjunct Professor of Finance
  • Stockholm School of Economics, Sweden: 1996-98
    Gösta Olson Chair in Finance
  • Norwegian School of Management, 1993-94
    Finn Øyen Chair in Finance (on leave from UBC)
  • University of British Columbia, Canada: 1981-96
    Professor of Finance 1992-96
    Associate Professor of Finance (with tenure) 1987-92
    Assistant Professor of Finance 1981-87


  • Sloan School of Management, MIT, 2001-02 (taught PhD course)
  • Owen Graduate School of Management, Vanderbilt University, winter 1997
  • Norwegian School of Management (BI), 1993-94
  • Norwegian School of Economics (NHH), Professor II (adjunct) 1990 — (taught PhD courses)
  • INSEAD, spring 1987
  • Graduate School of Management, UCLA, 1985-86


Paper Awards

Best Paper Award, Journal of Corporate Finance, 2009, “Creditor Financing and Overbidding in Bankruptcy Auctions” (with Karin S. Thorburn).

Best Conference Paper Runner-up Award, 2006 meetings of the European Finance Association: “Merger Negotiations and the Toehold Puzzle” (with Sandra Betton and Karin S. Thorburn).

All Star Paper, Journal of Financial Economics, 2000, "Seasoned Public Offerings: Resolution of the 'New Issues Puzzle'," (with Ronald W. Masulis and Øyvind Norli).

All Star Paper, Journal of Financial Economics, 1986, "Valuation Effects of Corporate Debt Offerings."

All Star Paper, Journal of Financial Economics,1983, "Horizontal Merger, Collusion, and Stockholder Wealth."

The 2001 Barclays Global Investors/ Michael Brennan Prize for Best P in the Review of Financial Studies, 2000: "Toeholds, Bid Jumps, and Expected Payoffs in Takeovers," (with Sandra Betton).

Smith-Breeden Prize Nominee for Best Paper in the Journal of Finance, 1999, "The Conditional Performance of Insider Trades," (with David Smith).

Harry G. Johnson Prize for Best Paper in the Canadian Journal of Economics, 1986, "Mergers and the Market for Corporate Control: The Canadian Evidence."


  • Batterymarch Fellow (worldwide competition), 1987
  • Research Fellow, Center for Corporate Governance, Drexel University, 2009-present
  • Research Associate, European Corporate Governance Institute (ECGI), 2002-present
  • Research Fellow of the Center For Economic Policy Research (CEPR), London, 1999-2005
  • Doctoral Fellowship, University of Rochester, 1977-81
  • Doctoral Fellowship, Norwegian School of Economics and Business Administration, 1977-81

Keynote Speaker, Academic:

  • Northern Finance Association, Winnipeg (Canada), scheduled for 2010.
  • Keynote speaker, 2008 meetings of the French Finance Association, Lille, France.
  • Norwegian School of Economics and Business Administration, Conference on Corporate Governance and Ethics, May 2007.
  • Keynote speaker, Conference on the Market for Corporate Control Regulation and Corporate Governance Issues, University of Lille 2, Lille, France, March 2007.
  • Keynote speaker, Conference on Mergers and Acquisitions, Xfi Centre for Finance and Investment at the University of Exeter (UK), December 2005.
  • Keynote Speaker, The 2005 City University of Hong Kong Corporate Finance and Governance Conference, May 2005.
  • First European Winter Finance Conference, Norwegian School of Economics and the University of Vienna, March 2005.


  • Honorary Doctoral Degree (Docteur Honoris Causa), awarded by the Norwegian School of Economics and Business Administration (2011).
  • Congressional Testimony: "The Government as Active Shareholder" given to The Congressional Domestic Policy Subcommittee of The Oversight and Governance Reform Committee, U.S. Congress, December 16, 2009.
  • Honorary Master of Arts, Dartmouth College, 2000.
  • Research Scholar, School of Business, Indian University, October 1996.
  • Prize for Excellence in Research, awarded by the Faculty of Commerce, University of British Columbia, 1986.


  • Norwegian Research Council: annually, 1992-2001
  • Norwegian Ministry of Finance: 1991, 1997
  • Swedish Ministry of Justice: 1999-2002
  • Social Sciences and Humanities Research Council of Canada: 1984-87,
  • Government of British Columbia: 1984, 1987-90
  • Government of Canada (Bureau of Competition Policy): 1984, 1988
  • U.S. Federal Trade Commission: 1984


Business and Research Councils

  • Scientific Board, European Center for Corporate Control Studies, (France), 2008-present
  • Member, Advisory Board, Center for Leadership and Governance, America’s Health Insurance Plans, 2006-present
  • Member, Advisory Board, Financial Market Fund, Norwegian Research Council, 2005-present
  • Member, Corporate Governance Group, Norges Bank Investment Management, 2005-06
  • Member, Academic Council, Corporate Board member Magazine, 2000-present
  • Director, IndexSpar (equity index fund), Oslo, Norway, 2000-05 (fund merged)
  • Chairman, Investment Committee of UNIFOR (University of Oslo Endowment Fund), 1997-98
  • Director, Program on Economic Crime, Norwegian National Research Council, 1996-2002


Founding Co-Editor:
Founding co-editor, European Finance Review (the journal of the European Finance Association), 1997-2003 (journal renamed the Review of Finance in 2003)

Co-editor, Journal of Financial Economics, Volume 69, issue 1 (Tuck Symposium on Corporate Governance), 2003.

Current Associate Editor:
European Financial Management, 2006–present
Review of Finance, 2003–present
Finance Research Letters, 2003–present
Finance India, 1998–present
Journal of Corporate Finance, 1994–present
Journal of Empirical Finance, 1994–present

Former Associate Editor:
Review of Financial Studies, 1999-2002
Journal of Financial Research, 1993-2000
Financial Management, 1990-97
Canadian Investment Review, 1988-96
Advisory Editor, Journal of Economics and Business, 1987-96

Advisory Editor
Handbooks in Financial Economics (World Scientific Publishers), 2009–present

Handbooks in Finance (North-Holland/Elsevier Handbook Series), 2007–present

Academic Associations

  • Director, Financial Management Association, 2007-present
  • Member, Nominating Committee, American Finance Association, 2000
  • Member, Nominating Committee, Western Finance Association, 2001
  • Director, European Finance Association, 1996-99
  • Member, Annual Program Committee of: Western Finance Association, European Finance Association, Financial Management Association, European Financial Management Association, Utah Winter Finance Conference.

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