Faculty Directory

B. Espen Eckbo

Tuck Centennial Chair of Finance;
Founder, Lindenauer Forum for Governance Research





Personal Website



PhD, University of Rochester, 1981; MSc, University of Rochester, 1980; MSc, Norwegian School of Economics and Business Administration, 1977; BSc, Norwegian School of Economics and Business Administration, 1975

Areas of Expertise

Finance, economics, industrial organization, governance


Advanced Corporate Finance and Governance; Research to Practice: Corporate Takeovers


B. Espen Eckbo is the Tuck Centennial Professor of Finance who studies corporate finance with a particular emphasis on transactions in the market for corporate control (M&As and corporate restructurings), how firms raise capital to fund investments, capital structure choice, and issues in international corporate governance. He joined the Tuck School of Business faculty in 1998. He is a research associate of the European Corporate Governance Institute and is the recipient of the Batterymarch Fellowship and a Honorary Doctorate awarded by the Norwegian School of Economics. Before coming to Tuck, he was a faculty member at the University of British Columbia (1981 through 1996) and at the Stockholm School of Economics (1996-1998). He founded Tuck’s Lindenauer Center for Corporate Governance in 1999, which was renamed the Lindenauer Forum for Governance Research in 2020. He teaches MBA electives on advanced corporate finance and governance, and on corporate takeovers

Current Research Topics

  • Investment banking
  • Takeovers
  • Bankruptcy
  • Corporate governance
  • Liquidity risk

Professional Activities

Academic positions

  • Tuck School of Business, 1998–present
  • Adjunct Professor, Norwegian School of Economics, 1990–present
  • Visiting Professor, MIT, 2001
  • Gösta Olson Professor of Finance, Stockholm School of Economics, 1996–98
  • Finn Øyen Professor of Finance, Norwegian School of Management, 1993–94
  • Visiting Professor, University of California, Los Angeles, 1985–86
  • Professor of Finance, University of British Columbia, 1981–96

Board memberships

  • Academic Director, Financial Management Association, 2007–2010
  • IndexSpar, 2000–05; Center for Leadership in Government, America’s Health Insurance Plans, 2006–present
  • Investment Committee, UNIFOR, 1997–98
  • Norwegian National Research Council, 1996–2001

Editorial positions

  • Series Editor, Handbooks of Economics, for the series on Corporate Finance, 2020-present
  • Advisory Editor, Handbooks in Finance, 2007–present
  • Guest Co-Editor, Journal of Financial Economics, 69(1)
  • Founding Co-Editor, European Finance Review (since renamed Review of Finance)1997–2003


  • Woxsen University (Hyderabad, India) inaugurates the “Bjorn Espen Eckbo Chair in Corporate Finance," 2022
  • Review of Finance finalist for the Pagano-Zechner Award for Best Non-Investment Paper, 2022
  • Review of Finance Distinguished Referee Award, 2021 
  • Runner-up, Best Paper, Financial Management Association Meetings, 2020
  • Best Paper, European Financial Management Association Meetings, 2016
  • Three All Star publications in the Journal of Financial Economics (published in 1983, 1986 and 2000)
  • Honorary Doctoral Degree (Docteur Honoris Causa), Norwegian School of Economics, 2011
  • Best paper, Journal of Corporate Finance, 2009
  • Runner-up, Best Paper, European Finance Association Meetings, 2006
  • Barclays Global Investors/Michael Brennan Prize for best paper, Review of Financial Studies, 2001
  • Nominee, Smith-Breeden Prize for best paper, Journal of Finance, 1998
  • Harry Johnson Prize for best paper, Canadian Journal of Economics, 1987
  • Batterymarch Fellowship (awarded in a worldwide competition to young, untenured finance scholars), 1987

Books in Progress

  • With A. Malenko and K. Thorburn, “Corporate Takeover Contests” (Foundations and Trends in Finance), 2022


  • Handbook of Corporate Finance: Empirical Corporate Finance”, Vol. 1, (Elsevier/North-Holland Handbook of Finance Series), 2007
  • Handbook of Corporate Finance: Empirical Corporate Finance”, Vol. 2, (Elsevier/North-Holland Handbook of Finance Series), 2008
  • Corporate Takeovers: Modern Empirical Developments”, Vol. 1: “Valuation Estimates and Takeover Activity”, (Elsevier/Academic Press), 2010
  • Corporate Takeovers: Modern Empirical Developments”, Vol. 2: “Bidding Strategies, Financing, and Corporate Control” (Elsevier/Academic Press), 2010
  • With K. Thorburn, “Corporate Restructuring,” (Foundations and Trends in Finance),  2013
  • With G. Phillips and M. Sorensen (eds.), “Handbook of the Economics of Corporate Finance, Vol. 1: Private Equity and Entrepreneurial Finance, (Elsevier/North-Holland), 2023

Working Papers

Selected Publications