Faculty Directory

Karin S. Thorburn

Visiting Professor of Finance; Lindenauer Research Associate, Lindenauer Center for Corporate Governance; Research Chair Professor of Finance at the Norwegian School of Economics, Bergen, Norway

Email

karin.s.thorburn@tuck.dartmouth.edu

Phone

603-646-8995

Degree

PhD, Stockholm School of Economics, 1998; BEc, Stockholm School of Economics, 1987

Areas of Expertise

Bankruptcy, corporate governance, mergers and acquisitions, corporate restructuring, IPOs

Current Research Topics

  • Bidding and choice of payment method in takeovers
  • Executive compensation and incentives to hedge
  • Public information and IPO underpricing
  • Incentives in private equity contracts
  • Valuation effects of gender-balancing corporate boards


Professional Activities

Academic Positions 

  • Visiting Professor of Finance, 2010–present, Associate Professor of Business Administration, 2002–09, Assistant Professor of Business Administration, 1998–2002, Tuck School of Business
  • Research Chair Professor of Finance, Norwegian School of Economics, Bergen, Norway, 2009–present
  • Visiting Professor of Finance, Wharton School, University of Pennsylvania, Spring 2016, Fall 2016, Spring 2017
  • Visiting Professor of Finance, Haas School of Business, University of California, Berkeley, Fall 2015, Fall 2016
  • Scientific Board, European Center for Corporate Control Studies (ECCCS), Lille, 2009–present
  • Research Associate, the European Corporate Governance Institute (ECGI), Brussels, 2004–present
  • Scientific Advisory Board, Centre for Finance at Gothenburg University, 2011–present
  • Member of the Academic Advisory Council to the Turnaround Management Association (TMA), USA, 2003–present
  • Research Affiliate, Financial Economics Programme of the Centre for Economic Policy Research (CEPR), London, 2002–present

Board Memberships

  • SEB Investment Management AB, 2016–present
  • Nordea Bank Norge ASA, 2010–2016

Editorial Boards

  • Associate Editor, Journal of Empirical Finance, 2016–present
  • Associate Editor, Journal of Corporate Finance, 2001–present 


Selected Publications

  • With E. Bakke and T. Leite, 2016 "Partial Adjustment to Public Information in the Pricing of IPOs," Journal of Financial Intermediation, forthcoming
  • With B.E. Eckbo, B. Espen, and W. Wang, 2016 "How Costly is Corporate Bankruptcy for the CEO?" Journal of Financial Economics, 121(1), 210-229
  • With B.E. Eckbo, S. Betton and R. Thompson, "Merger Negotiations with Stock Market Feedback," Journal of Finance, 69(4), 2014
  • With B.E. Eckbo, "Corporate Restructuring," Foundations and Trends in Finance, 7(3), 2013
  • With K. Fisher-Vanden, "Voluntary Corporate Environmental Initiatives and Shareholder Wealth," Journal of Environmental Economics and Management, 62(3), 2011
  • With S. Betton and B.E. Eckbo, "Merger Negotiations and the Toehold Puzzle," Journal of Financial Economics, 91(2), 2009
  • With B.E. Eckbo, "Creditor Financing and Overbidding in Bankruptcy Auctions: Theory and Tests," Journal of Corporate Finance, 15(1), 2009
  • With B.E. Eckbo, "Automatic Bankruptcy Auctions and Fire-Sales," Journal of Financial Economics, 89(3), 2008
  • With B.E. Eckbo, "Control Benefits and CEO Discipline in Automatic Bankruptcy Auctions," Journal of Financial Economics, 69(1), 2003
  • With B.E. Eckbo, "Gains to Bidder Firms Revisited: Domestic and Foreign Acquisitions in Canada," Journal of Financial and Quantitative Analysis, 35(1), 2000
  • "Bankruptcy Auctions: Costs, Debt Recovery, and Firm Survival," Journal of Financial Economics, 58(3), 2000