Details about Bjørn Espen Eckbo

Access statistics for papers by Bjørn Espen Eckbo.

Last updated 2025-03-14. Update your information in the RePEc Author Service.

Short-id: pec26

Working Papers

2021

1. Bank Compensation for Penalty-Free Loan Prepayment: Theory and Tests
   CEPR Discussion Papers, C.E.P.R. Discussion Papers
2. Insider trading and gender
   UiS Working Papers in Economics and Finance, University of Stavanger

2017

3. Are stock- financed takeovers opportunistic?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (1)
   See also Journal Article Are stock-financed takeovers opportunistic?, Journal of Financial Economics, Elsevier (2018) View citations (28) (2018)

2016

4. Does Gender-Balancing the Board Reduce Firm Value?
   Working Papers, Oslo Metropolitan University, Oslo Business School View citations (18)
   Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2016) View citations (17)

2015

5. How costly is corporate bankruptcy for the CEO?
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
   See also Journal Article How costly is corporate bankruptcy for the CEO?, Journal of Financial Economics, Elsevier (2016) View citations (72) (2016)
6. Metoder for evaluering av aktiv fondsforvaltning
   UiS Working Papers in Economics and Finance, University of Stavanger

2014

7. Does Executive Compensation Reflect Default Risk?
   UiS Working Papers in Economics and Finance, University of Stavanger View citations (2)

2011

8. Merger negotiations with stock market feedback
   Discussion Papers, Norwegian School of Economics, Department of Business and Management Science
   See also Journal Article Merger Negotiations with Stock Market Feedback, Journal of Finance, American Finance Association (2014) View citations (38) (2014)

2005

9. Bidding in Mandatory Bankruptcy Auctions: Theory and Evidence
   CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (2)
   Also in Discussion Papers, Norwegian School of Economics, Department of Business and Management Science (2004) View citations (1)
10. Liquidity Risk, Leverage and Long-Run IPO Returns
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (62)
    See also Journal Article Liquidity risk, leverage and long-run IPO returns, Journal of Corporate Finance, Elsevier (2005) View citations (68) (2005)
11. The Choice of Seasoned-Equity Selling Mechanism: Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Discussion Papers, Norwegian School of Economics, Department of Business and Management Science (2004) View citations (4)
12. The Toehold Puzzle
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (7)

2002

13. Control Benefits and CEO Discipline in Automatic Bankruptcy Auctions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    See also Journal Article Control benefits and CEO discipline in automatic bankruptcy auctions, Journal of Financial Economics, Elsevier (2003) View citations (52) (2003)
14. Overbidding versus Fire-Sales in Bankruptcy Auctions
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (5)

Journal Articles

2025

1. Bidder-Specific Synergies and the Evolution of Acquirer Returns
   Management Science, 2025, 71, (2), 1391-1417
2. Merger-Driven Listing Dynamics
   Journal of Financial and Quantitative Analysis, 2025, 60, (1), 209-257

2023

3. Loans to Chapter 11 Firms: Contract Design, Repayment Risk, and Pricing
   Journal of Law and Economics, 2023, 66, (3), 465 - 509

2022

4. Valuation Effects of Norway’s Board Gender-Quota Law Revisited
   Management Science, 2022, 68, (6), 4112-4134 View citations (10)

2021

5. The Leverage–Profitability Puzzle Resurrected*
   (Is cash negative debt? A hedging perspective on corporate financial policies)
   Review of Finance, 2021, 25, (4), 1089-1128 View citations (3)
6. Tradeoff Theory and Leverage Dynamics of High-Frequency Debt Issuers*
   (The leverage ratchet effect)
   Review of Finance, 2021, 25, (2), 275-324 View citations (4)

2020

7. Strategic Decisions in Takeover Auctions: Recent Developments
   Annual Review of Financial Economics, 2020, 12, (1), 237-276 View citations (9)

2018

8. Are stock-financed takeovers opportunistic?
   Journal of Financial Economics, 2018, 128, (3), 443-465 View citations (28)
   See also Working Paper Are stock- financed takeovers opportunistic?, CEPR Discussion Papers (2017) View citations (1) (2017)

2016

9. How costly is corporate bankruptcy for the CEO?
   Journal of Financial Economics, 2016, 121, (1), 210-229 View citations (72)
   See also Working Paper How costly is corporate bankruptcy for the CEO?, CEPR Discussion Papers (2015) View citations (3) (2015)

2014

10. Corporate Takeovers and Economic Efficiency
    Annual Review of Financial Economics, 2014, 6, (1), 51-74 View citations (30)
11. Merger Negotiations with Stock Market Feedback
    Journal of Finance, 2014, 69, (4), 1705-1745 View citations (38)
    See also Working Paper Merger negotiations with stock market feedback, Discussion Papers (2011) (2011)

2013

12. Corporate Restructuring
    Foundations and Trends(R) in Finance, 2013, 7, (3), 159-288 View citations (10)

2010

13. Banking System Bailout‐Scandinavian Style
    Journal of Applied Corporate Finance, 2010, 22, (3), 85-93 View citations (1)
    Also in ifo DICE Report, 2009, 7, (03), 9-12 (2009)

2009

14. Bankruptcy as an Auction Process: Lessons from Sweden
    Journal of Applied Corporate Finance, 2009, 21, (3), 38-52 View citations (9)
15. Bidding strategies and takeover premiums: A review
    Journal of Corporate Finance, 2009, 15, (1), 149-178 View citations (105)
16. Creditor financing and overbidding in bankruptcy auctions: Theory and tests
    Journal of Corporate Finance, 2009, 15, (1), 10-29 View citations (11)
17. Merger negotiations and the toehold puzzle
    Journal of Financial Economics, 2009, 91, (2), 158-178 View citations (115)

2008

18. Automatic bankruptcy auctions and fire-sales
    Journal of Financial Economics, 2008, 89, (3), 404-422 View citations (42)
19. Equity Issues and the Disappearing Rights Offer Phenomenon
    Journal of Applied Corporate Finance, 2008, 20, (4), 72-85 View citations (8)

2005

20. Liquidity risk, leverage and long-run IPO returns
    Journal of Corporate Finance, 2005, 11, (1-2), 1-35 View citations (68)
    See also Working Paper Liquidity Risk, Leverage and Long-Run IPO Returns, CEPR Discussion Papers (2005) View citations (62) (2005)

2003

21. Control benefits and CEO discipline in automatic bankruptcy auctions
    Journal of Financial Economics, 2003, 69, (1), 227-258 View citations (52)
    See also Working Paper Control Benefits and CEO Discipline in Automatic Bankruptcy Auctions, CEPR Discussion Papers (2002) (2002)

2000

22. Gains to Bidder Firms Revisited: Domestic and Foreign Acquisitions in Canada
    Journal of Financial and Quantitative Analysis, 2000, 35, (1), 1-25 View citations (118)
23. Seasoned public offerings: resolution of the 'new issues puzzle'
    Journal of Financial Economics, 2000, 56, (2), 251-291 View citations (175)
24. Toeholds, Bid Jumps, and Expected Payoffs in Takeovers
    The Review of Financial Studies, 2000, 13, (4), 841-82 View citations (155)

1997

25. Comment on ‘Determinants of Intercorporate Shareholdings’
    Review of Finance, 1997, 1, (2), 289-293 View citations (2)
26. Why underwrite rights offerings? Some new evidence
    Journal of Financial Economics, 1997, 46, (2), 223-261 View citations (66)

1994

27. Managerial shareownership, voting power, and cash dividend policy
    Journal of Corporate Finance, 1994, 1, (1), 33-62 View citations (70)

1993

28. Temporary Components of Stock Prices: New Univariate Results
    Journal of Financial and Quantitative Analysis, 1993, 28, (2), 161-176 View citations (5)

1992

29. Adverse selection and the rights offer paradox
    Journal of Financial Economics, 1992, 32, (3), 293-332 View citations (137)
30. Mergers and the Value of Antitrust Deterrence
    Journal of Finance, 1992, 47, (3), 1005-29 View citations (100)

1990

31. Asymmetric Information and the Medium of Exchange in Takeovers: Theory and Tests
    The Review of Financial Studies, 1990, 3, (4), 651-75 View citations (144)
32. Consistent Estimation of Cross-Sectional Models in Event Studies
    The Review of Financial Studies, 1990, 3, (3), 343-65 View citations (67)
33. Valuation Effects of Greenmail Prohibitions
    Journal of Financial and Quantitative Analysis, 1990, 25, (4), 491-505 View citations (8)

1989

34. Information disclosure, method of payment, and takeover premiums: Public and private tender offers in France
    Journal of Financial Economics, 1989, 24, (2), 363-403 View citations (59)

1986

35. Mergers and the Market for Corporate Control: The Canadian Evidence
    Canadian Journal of Economics, 1986, 19, (2), 236-60 View citations (26)
36. Valuation effects of corporate debt offerings
    Journal of Financial Economics, 1986, 15, (1-2), 119-151 View citations (149)

1985

37. Antimerger Policy under the Hart-Scott-Rodino Act: A Reexamination of the Market Power Hypothesis
    Journal of Law and Economics, 1985, 28, (1), 119-49 View citations (111)
38. Mergers and the Market Concentration Doctrine: Evidence from the Capital Market
    The Journal of Business, 1985, 58, (3), 325-49 View citations (93)

1983

39. Horizontal mergers, collusion, and stockholder wealth
    Journal of Financial Economics, 1983, 11, (1-4), 241-273 View citations (269)

Edited books

2008

1. Handbook of Empirical Corporate Finance SET
   Elsevier Monographs, Elsevier View citations (27)