• 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: ...
    • 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 ...