The Center for Corporate Governance

Appointed to corporate governance board

Personal website

Tuck Today F'06 Feature

B Espen Eckbo

Tuck Centennial Professor of Finance; Founding Director, Lindenauer Center for Corporate Governance

E-Mail: b.espen.eckbo@tuck.dartmouth.edu Phone: 603-646-3953

BSc, Norwegian School of Economics and Business Administration, 1975; MSc, Norwegian School of Economics and Business Administration, 1977; MSc, University of Rochester, 1980; PhD, University of Rochester, 1981

Areas of expertise

Finance, economics, industrial organization

Current research topics

Investment banking, takeovers, bankruptcy, corporate governance, liquidity risk

Selected Publications

With R. Masulis, "Adverse Selection and the Rights Offer Paradox," Journal of Financial Economics, 32(3), 1992; "Mergers and the Value of Antitrust Deterrence," Journal of Finance, 47(3), 1992; with D. Smith, "The Conditional Performance of Insider Trades," Journal of Finance, 53(2), 1998; with R. Masulis and Ø. Norli, "Seasoned Security Offerings: Resolution of the ‘New Issues Puzzle’," Journal of Financial Economics, 56(2), 2000; with S. Betton, "Toeholds, Bid-Jumps, and Expected Payoffs in Takeovers," Review of Financial Studies, 13(4), 2000; with K. Thorburn, "Control Benefits and CEO Discipline in Automatic Bankruptcy Auctions," Journal of Financial Economics, 69(1), 2003; with Ø. Norli, "Liquidity Risk, Leverage, and Long-Run IPO Returns," Journal of Corporate Finance, 11(1-2), 2005; with K. Thorburn, "Automatic Bankruptcy Auctions and Fire-Sales," Journal of Financial Economics, 89(3), 2008; with S. Betton and K. Thorburn, "Merger Negotiations and the Toehold Puzzle," Journal of Financial Economics, 91(2), 2009

Working Papers

With S. Betton and K. Thorburn, “Markup Pricing Revisited”

Awards

Batterymarch Fellowship, 1987; Harry Johnson Prize for best paper, Canadian Journal of Economics, 1987; nominee, Smith-Breeden Prize for best paper, Journal of Finance, 1998; Barclays Global Investors/Michael Brennan Prize for best paper, Review of Financial Studies, 2000; best paper, Journal of Corporate Finance, 2009

Professional Activities

Academic positions: Professor of Finance, University of British Columbia, 1981– 96; Visiting Professor, University of California, Los Angeles, 1985–86; Finn Øyen Professor of Finance, Norwegian School of Management, 1993–94; Gösta Olson Professor of Finance, Stockholm School of Economics, 1996–98; Tuck School of Business, 1998–present; Visiting Professor, MIT, 2001

Board memberships: Norwegian National Research Council, 1996–2001; Investment Committee, UNIFOR, 1997–98; IndexSpar, 2000–05; Center for Leadership in Government, America’s Health Insurance Plans, 2006–present; Academic Director, Financial Management Association, 2007–present

Editorial positions: Founding Co-Editor, European Finance Review, 1997–2003; Guest Co-Editor, Journal of Financial Economics, 69(1); Associate Editor, Finance Research Letters, Journal of Corporate Finance, Journal of Empirical Finance, Review of Finance, Review of Financial Studies, 1998–2002; Advisory Editor, Handbooks in Finance, 2007–present