Modern Empirical Developments in Corporate Takeovers, 2 Volumes

Volume 1: Takeover Activity, Valuation Estimates, and Sources of Merger Gains

Introduction to Corporate Takeovers: Modern Empirical Developments; Corporate Takeovers; Econometrics of Event Studies; Self-Selection Models in Corporate Finance; Investigating the Economic Role of Mergers; Valuation Waves and Merger Activity: The Empirical Evidence; What Drives Merger Waves?; Firm Size and the Gains from Acquisitions; Why do Private Acquirers Pay so Little Compared to Public Acquirers?; The Underpricing of Private Targets; Gains in Bank Mergers: Evidence from the Bond Markets; Do Tender Offers Create Value? New Methods and Evidence; Horizontal Mergers, Collusion, and Stockholder Wealth; Sources of Gains in Horizontal Mergers: Evidence from Customers, Supplier, and Rival Firms; Industry Structure and Horizontal Takeovers: Analysis of Wealth Effects on Rivals, Suppliers, and Corporate Customers; Abnormal Returns to Rivals of Acquisition Targets: A Test of the Acquisition Probability Hypothesis; Where do Merger Gains Come From? Bank Mergers from the Perspective of Insiders and Outsiders; Corporate Restructuring: Breakups and LBOs

Volume 2: Bidding Strategies, Financing, and Corporate Control

Introduction to Corporate Takeovers: Modern Empirical Developments; Mergers and Acquisitions: Strategic and Informational Issues; Auctions in Corporate Finance; Bidding Strategies and Takeover Premiums: A Review; Merger Negotiations and the Toehold Puzzle; Do Auctions Induce a Winner's Curse? New Evidence from the Corporate Takeover Market; Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction; Acquisitions as a Means of Restructuring Firms in Chapter 11; Effects of Bankruptcy Court Protection on Asset Sales; Automatic Bankruptcy Auctions and Fire-Sales; Creditor Financing and Overbidding in Bankruptcy Auctions: Theory and Tests; Termination Fees in Mergers and Acquisitions; Poison or Placebo? Evidence on the Deterrence and Wealth Effects of Modern Anti-Takeover

Professor B. Espen Eckbo holds the Tuck Centennial Chair in Finance. He is also Faculty Director of Tuck's Lindenauer Center for Corporate Governance, which he founded in 1999. He teaches advanced MBA courses in the areas of corporate finance, corporate takeovers and international corporate governance. Professor Eckbo, who received a PhD in financial economics from the University of Rochester in 1981, has published extensively in the top finance journals in the areas of corporate finance, investment banking, and the market for corporate control. He is a recipient of an honorary doctoral degree from the Norwegian School of Economics, the prestigious Batterymarch Fellowship, as well as several outstanding-paper awards. He is a research Associate of the European Corporate Governance Institute (ECGI), and a frequent keynote and invited seminar speaker. He was called in 2009 by the U.S. Congress to testify on issues concerning the government's large equity ownership positions in companies rescued under the Troubled Asset Relief Program (TARP).