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Professor Espen Eckbo

Tuck Centennial Professor of Finance and Founding Director
Center for Corporate Governance, Dartmouth College
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Espen Eckbo, Tuck Centennial Professor of Finance and Founding Director, Center for Corporate Governance, Dartmouth College
ECGI Research Associate (2002) :


B. Espen Eckbo, born in Norway, is the Tuck Centennial Professor of Finance and founding director for the Center for Corporate Governance at the Tuck School of Business at Dartmouth. He received his Ph.D at the University of Rochester (USA) in 1981 and was Professor of Finance at the University of British Columbia (Canada) from 1981 to 1996. He held chaired professorships at the Norwegian School of Management, 1993-94, and at the Stockholm School of Economics, 1996-1998, and he has been a visiting professor at MIT, UCLA, INSEAD, Vanderbilt University, and the Norwegian School of Economics. He is currently a fellow of the Center For Economic Policy Research (CEPR), London.

He received the prestigious Batterymarch Fellowship in 1987, and has been awarded large competitive research grants from various national research councils. Professor Eckbo conducts research in corporate finance and capital markets, with emphasis on investment banking, corporate governance, mergers and acquisitions, and portfolio management and performance evaluation. He publishes regularly in top finance journals, and is a founding co-editor of the European Finance Review, the journal of the European Finance Association. He is currently a director the Norwegian Research Council, and a former director of the European Finance Association and the American Financial Management Association.

Dr. Eckbo's business experience includes performing contract research for U.S., Canadian and Norwegian government agencies; serving as expert witness in cases involving corporate governance and insider trading issues. He chaired the investment committee of the University of Oslo's endowment fund 1997-1998, and he has been an advisor to the to the trade association of the largest mutual funds in Norway. He is currently a member of the board of directors of an index fund in Oslo.

Research Interests
Capital markets
Corporate finance
Corporate governance
Investment banking
Mergers and acquisitions
Portfolio management and performance evaluation

ECGI Working Papers (Click title for more details)
Does Gender-Balancing the Board Reduce Firm Value? ECGI Finance Working Paper 463/2016 March 2016
Are Stock-Financed Takeovers Opportunistic? ECGI Finance Working Paper 393/2013 March 2017
Merger negotiations with stock market feedback ECGI Finance Working Paper 392/2013 November 2013
Corporate Takeovers and Economic Efficiency ECGI Finance Working Paper 391/2013 November 2013
Markup pricing and short-term toeholds in takeovers ECGI Finance Working Paper 199/2008 April 2008
Efficiency of Share-Voting Systems: Report on Italy ECGI Law Working Paper 174/2011 January 2009
Efficiency of Share-Voting Systems: Report on Sweden ECGI Law Working Paper 173/2011 July 2010
The Toehold Puzzle ECGI Finance Working Paper 085/2005 May 2005
Bidding in Mandatory Bankruptcy Auctions: Theory and Evidence ECGI Finance Working Paper 068/2005 July 2004

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