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

"Bankruptcy Auctions: Costs, Debt Recovery, and Firm Survival," Journal of Financial Economics, 58(3), 2000; with B.E. Eckbo, "Gains to Bidder Firms Revisited: Domestic and Foreign Acquisitions in Canada," Journal of Financial and Quantitative Analysis, 35(1), 2000; with B.E. Eckbo, "Control Benefits and CEO Discipline in Automatic Bankruptcy Auctions," Journal of Financial Economics, 69(1), 2003; with B.E. Eckbo, "Automatic Bankruptcy Auctions and Fire-Sales," Journal of Financial Economics, 89(3), 2008; with E.S. Hotchkiss, K. John, and R.M. Mooradian, "Bankruptcy and the Resolution of Financial Distress," in B.E. Eckbo (ed.), Handbook of Corporate Finance: Empirical Corporate Finance, Elsevier/North-Holland, 2008; with B.E. Eckbo "Corporate Restructuring: Breakups and LBOs," in B.E. Eckbo (ed.), Handbook of Corporate Finance: Empirical Corporate Finance, Elsevier/North-Holland, 2008; with B.E. Eckbo, "Creditor Financing and Overbidding in Bankruptcy Auctions: Theory and Tests," Journal of Corporate Finance 15(1), 2009; with S. Betton and B.E. Eckbo, "Merger Negotiations and the Toehold Puzzle," Journal of Financial Economics 91(2), 2009; with B.E. Eckbo, "Bankruptcy as an Auction Process," Journal of Applied Corporate Finance 21, 2009; with K. Fisher-Vanden, "Voluntary Corporate Environmental Initiatives and Shareholder Wealth," Journal of Environmental Economics and Management 62(3), 2011

Awards

Recipient, Harvey H. Bundy III T'68 Fellowship for Outstanding Scholarly Achievements of Non-Tenured Faculty, 2002–03; Best Paper Award, Journal of Corporate Finance, 2009

Professional Activities

Academic Positions: Assistant Professor of Business Administration, 1998–2002, Associate Professor of Business Administration, 2002–09,Tuck School of Business at Dartmouth; Research Affiliate, Financial Economics Programme of the Centre for Economic Policy Research (CEPR), London, 2002–present; Member of the Academic Advisory Council to the Turnaround Management Association (TMA), USA, 2003–present; Research Associate, the European Corporate Governance Institute (ECGI), Brussels, 2004–present; Scientific Board, European Center for Corporate Control Studies (ECCCS), Lille, 2009–present; Scientific Advisory Board, Centre for Finance at Gothenburg University, 2011–present; Research Chair Professor of Finance, Norwegian School of Economics, Bergen, Norway, 2009–present; Tuck School of Business, 2012–present

Nonacademic Positions: Consultant, ABB Treasury Center, Sweden, AB, 1987–89; Business Development, ABB Financial Services, AB, 1989–91

Board Memberships: Upper Valley Presents, 2005–09; Finansmarkedsfondet, 2009–11; Nordea Bank Norge ASA, 2010–present  

Editorial Boards: Associate Editor, Journal of Corporate Finance, 2001–present; Associate Editor, International Journal of Corporate Governance, 2007–present