`Sets the standard for inspirational teaching´
Professor Karin Thorburn received The Inspirational Teaching Award and NOK 250,000 for her dedication to excellent teaching.
Professor Karin S. Thorburn
- Karin.Thorburn@nhh.no
- Telephone
- +47 55 95 92 83 / +47 922 25 255
- Department
- Finance
- Centre
- Centre for Corporate Finance
- Office
- C707
- Expertise
- Corporate Governance Takeovers Bankruptcy Restructuring Credit IPOs Private Equity Executive Compensation
BIOGRAPHY
Karin S. Thorburn is Research Chair Professor of Finance at NHH Norwegian School of Economics and Adjunct Full Professor of Finance at The Wharton School of University of Pennsylvania, USA. Before joining NHH in 2009, she was a full-time faculty member at the Tuck School of Business at Dartmouth College, USA.
Thorburn’s research focuses on M&A, credit, bankruptcy, IPOs, corporate governance, and corporate social responsibility. She publishes regularly in leading academic journals, including Journal of Finance, Journal of Financial Economics, Management Science, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Journal of Corporate Finance, and Journal of Environmental Economics and Management.
Thorburn is a Research Associate of the Center for Economic Policy Research (CEPR) in London and a Research Affiliate of the European Corporate Governance Institute (ECGI) in Brussels. She was previously Director of the Financial Management Association International, a Council member of the Society for Financial Studies, and Director of the Executive Committee of the European Finance Association.
Thorburn is a Director of the Board of Argentum Asset Management AS, Maritime & Merchant Bank ASA, Nussir ASA, Preferred Global Health AS, Green LNG Services AS, and Horus AS, and previously of SEB Investment Management AB and Nordea Bank Norway ASA. She has served on several public committees on banking regulation and the investment strategy of the $1.5 trillion Government Pension Fund Global, and she regularly participates in legal proceedings as an expert witness and judge.
Thorburn holds a PhD in financial economics from Stockholm School of Economics.
Selected publications
| Author(s) | Title | Publisher |
|---|---|---|
| Hotchkiss, Edith S.; Thorburn, Karin S.; Wang, Wei | The Changing Face of Chapter 11 Bankruptcy: Insights from Recent Trends and Research | Annual Review of Financial Economics Volume 15; page 351 - 367; 2023 |
| Bienz, Carsten Gero; Thorburn, Karin S.; Walz, Uwe | Fund ownership, wealth, and risk-taking: Evidence on private equity managers | Journal of Financial Intermediation Volume 54 (12 pages); 2023 |
| Eckbo, B. Espen; Nygaard, Knut; Thorburn, Karin S. | Valuation Effects of Norway’s Board Gender-Quota Law Revisited | Management science Volume 68 (6); page 4112 - 4134; 2021 |
| Eckbo, B. Espen; Malenko, Andrey; Thorburn, Karin S. | Strategic Decisions in Takeover Auctions: Recent Developments | Annual Review of Financial Economics Volume 12; page 237 - 276; 2020 |
| Eckbo, B. Espen; Tanakorn, Makaew; Thorburn, Karin S. | Are stock-financed takeovers opportunistic? | Journal of Financial Economics Volume 128 (3); page 443 - 465; 2018 |
| Bakke, Einar; Leite, Tore; Thorburn, Karin S. | Partial adjustment to public information in the pricing of IPOs | Journal of Financial Intermediation Volume 32; page 1339 - 1351; 2017 |
| Eckbo, B. Espen; Thorburn, Karin S.; Wang, Wei | How Costly Is Corporate Bankruptcy for the CEO? | Journal of Financial Economics Volume 121 (1); page 210 - 229; 2016 |
| Betton, Sandra; Eckbo, B. Espen; Thompson, Rex; Thorburn, Karin S. | Merger negotiations with stock market feedback | Journal of Finance Volume 69 (4); page 1705 - 1745; 2014 |
| Fisher-Vanden, Karen; Thorburn, Karin S. | Voluntary corporate environmental initiatives and shareholder wealth | Journal of Environmental Economics and Management Volume 62 (3); page 430 - 445; 2011 |
| Thorburn, Karin S.; Eckbo, B. Espen; Betton, Sandra | Merger Negotiations and the Toehold Puzzle | Journal of Financial Economics Volume 91 (2); page 158 - 178; 2009 |
| Eckbo, B. Espen; Thorburn, Karin S. | Creditor financing and overbidding in bankruptcy auctions: Theory and tests | Journal of Corporate Finance Volume 15 (1); page 10 - 29; 2009 |
| Eckbo, B. Espen; Thorburn, Karin S. | Automatic bankruptcy auctions and fire-sales | Journal of Financial Economics Volume 89 (3); page 404 - 422; 2008 |
| Eckbo, B. Espen; Thorburn, Karin S. | Control benefits and CEO discipline in automatic bankruptcy auctions | Journal of Financial Economics Volume 69 (1); page 227 - 258; 2003 |
| Thorburn, Karin S. | Bankruptcy Auctions: Costs, Debt Recovery, and Firm Survival | Journal of Financial Economics Volume 58 (3); page 337 - 368; 2000 |
| Eckbo, B. Espen; Thorburn, Karin S. | Gains to bidder firms revisited: Domestic and foreign acquisitions in Canada | Journal of Financial and Quantitative Analysis Volume 35 (1); page 1 - 25; 2000 |
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Master level course: |
Dissemination
Global Perspectives in Corporate Finance at NHH
Yesterday, the Norwegian School of Economics once again became a global meeting point for leading minds in corporate finance.
Karin Thorburn ranked sixth in the world
NHH Professor Karin S. Thorburn has been ranked sixth in the world among researchers with expertise in bankruptcy. `I was an early mover in investigating what happens to companies that are sold during bankruptcy´.
Thorburn appointed member of a new expert committee
An expert committee is to investigate the capital structure in the savings bank sector. NHH finance professor Karin Thorburn is appointed member of the committee.
How climate change may affect the Government Pension Fund Global
An expert group will examine how climate change, climate policy and the green transition may affect the Government Pension Fund Global. NHH finance professor Karin Thorburn is appointed member of the expert group.
Thorburn on the new restructuring law to save businesses
The Norwegian Parliament recently approved a temporary new restructuring law to save businesses following the corona crisis. NHH Finance Professor Karin S Thorburn explains some reasons for and risks connected to the new law.
Karin Thorburn on teaching
Research into higher education suggests that students learn best when they are actively participating, whether that be through focused listening, discussion, problem solving or explaining to others.
Disagreement about the world’s biggest pension fund
Who should manage Norway’s enormous oil wealth? Should Norway’s ‘Oil Fund’ be moved out of Norges Bank? Three NHH researchers outline possible solutions.
"Styret må hindre veddemål"
Read new chronicle by Karin S. Thorburn and B. Espen Eckbo. In Norwegian.
Thorburn member of SFS council
Professor Karin Thorburn has been elected member of Society for Financial Studies council for the next two years.
På topp etter konkurser
Read the article (in Norwegian) about how one in three top US executives continues at the same level after the companies they lead have been declared bankrupt.
THE OIL FUND'S GOLD STANDARD IS DILUTED
Active management dilutes the Norwegian Oil Fund's gold standard