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.
Professor Karin S. Thorburn
- Karin.Thorburn@nhh.no
- Telephone
- +47 55 95 92 83
- Department
- Finance
- Centre
- Centre for Corporate Finance
- Office
- C721
- Expertise
- Corporate Governance Takeovers Bankruptcy Restructuring IPOs Private Equity Executive Compensation
BIOGRAPHY
Karin S. Thorburn is Research Chair Professor of Finance at NHH Norwegian School of Economics, Adjunct Full Professor of Finance at The Wharton School of University of Pennsylvania, and Visiting Professor of Finance at the Tuck School of Dartmouth College. Prior to joining NHH in 2009, she was a full-time faculty member at Tuck for 11 years.
Thorburn’s research focuses on M&A, credit, bankruptcy, IPOs, corporate governance, and corporate social responsibility. She regularly publishes in the top academic journals, including Journal of Finance, Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Financial Intermediation, Journal of Corporate Finance, and Journal of Environmental Economics and Management.
Thorburn is a Council member of the Society for Financial Research, a Research Associate of the Center for Economic Policy Research (CEPR) in London, a Research Affiliate of the European Corporate Governance Institute (ECGI) in Brussels, and a former director of the Executive Committee of the European Finance Association. She is a Director of the Board of Maritime & Merchant Bank ASA, Global LNG Services AS, SEB Investment Management AB, and Falck Advisory AS. In 2016, she served on a committee appointed by the Norwegian government to assess the portfolio allocation of the $1 trillion Government Pension Fund Global. Thorburn holds a PhD in financial economics from the Stockholm School of Economics.
Selected publications
| Author(s) | Title | Publisher |
|---|---|---|
| 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: Teaching awards:
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PhD level course:
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PROFESSOR KARIN THORBURN ON TEACHING |
A STUDENT ON KARIN THORBURN'S TEACHING |
Dissemination
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
Good advice is cheap
The Norwegian Oil Fund should not invest in bonds.