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

E-Mailkarin.s.thorburn@tuck.dartmouth.edu

Phone603-646-8995

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

AREAS OF EXPERTISEBankruptcy, corporate governance, mergers and acquisitions, corporate restructuring, IPOs

Current Research Topics

  • Industry effects on takeovers
  • Bidding and financing in takeovers
  • Managerial incentives and actions in bankruptcy auctions
  • Executive compensation
  • IPO underpricing
  • Incentives in private equity

Selected Publications

  • With B.E. Eckbo, S. Betton and R. Thompson, , "Merger Negotiations with Stock Market Feedback," Journal of Finance, forthcoming
  • with B.E. Eckbo, "Corporate Restructuring," Foundations and Trends in Finance, forthcoming
  • with K.M. Ayotte and E.S. Hotchkiss, "Governance in Financial Distress and Bankruptcy" in M. Wright, D.S. Siegel, K. Keasey and I. Filatotchev (eds.), The Oxford Handbook of Corporate Governance. Oxford: Oxford University Press, 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

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
  • Scientific Advisory Board, Centre for Finance at Gothenburg University, 2011–present
  • Research Chair Professor of Finance, Norwegian School of Economics, Bergen, Norway, 2009–present
  • Scientific Board, European Center for Corporate Control Studies (ECCCS), Lille, 2009–present
  • Research Associate, the European Corporate Governance Institute (ECGI), Brussels, 2004–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

Nonacademic Positions

  • Business Development, ABB Financial Services, AB, 1989–91
  • Consultant, ABB Treasury Center, Sweden, AB, 1987–89 

Board Memberships

  • Nordea Bank Norge ASA, 2010–present
  • Finansmarkedsfondet, 2009–11
  • Upper Valley Presents, 2005–09 

Editorial Boards

  • Associate Editor, International Journal of Corporate Governance, 2007–present
  • Journal of Corporate Finance, 2001–present