Browsing Working papers (FIN) by Author "Thorburn, Karin S."

Now showing items 1-4 of 4

    • Are stock-financed takeovers opportunistic? 

      Eckbo, B. Espen; Makaew, Tanakorn; Thorburn, Karin S. (Working paper;2013:4, Working paper, 2013)
      We find that the probability of all-stock financed takeovers increases with measures of bidder overvaluation. However, when we instrument the bidder's pricing error using aggregate mutual fund flows, the reverse happens: ...

    • Corporate restructuring 

      Thorburn, Karin S.; Eckbo, B. Espen (Working paper;2013:3, Working paper, 2013)
      We survey the empirical literature on corporate nancial restructuring, including breakup transactions (divestitures, spin-o s, equity carveouts, tracking stocks), leveraged recapitalizations, and leveraged buyouts (LBOs). ...

    • Governance in financial distress and bankruptcy 

      Thorburn, Karin S.; Ayotte, Kenneth M.; Hotchkiss, Edith S. (Working paper;2013:1, Working paper, 2013)
      This chapter provides a survey of law, economics, and finance scholarship at the intersection of corporate governance and financial distress. In financial distress, both inside and outside of bankruptcy court, formal and ...

    • Partial Adjustment to Public Information in the Pricing of IPOs 

      Bakke, Einar; Leite, Tore E.; Thorburn, Karin S. (Working paper, 2016-01)
      Extant literature shows that IPO first-day returns are correlated with market returns preceding the issue. We propose a new explanation for this puzzling predictability by adding a public signal to Benveniste and Spindt ...