Karin S. Thorburn

Professor Karin S. Thorburn

E-mail
Karin.Thorburn@nhh.no
Telephone
+47 55 95 92 83
Department
Finance
Centre
Centre for Corporate Finance
Office
MS-253
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 Associa¬tion. 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.

 

Curriculum Vitae

Faculty webpage at the Wharton School

Faculty webpage at the Tuck School

Selected publications

Author(s) Title Publisher
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
More publications in Cristin
 







Master level course:

Mergers and Acquisitions

PhD level course:

Empirical Research in Corporate Finance

Dissemination

Professor Karin Thorburn on teaching

A student on Karin Thorburn's teaching

NORWAY'S TEMPORARY RESTRUCTURING CODE

 

Eckbo, B. Espen, Knut Nygaard and Karin S. Thorburn, 2021, “Valuation effects of Norway’s board gender-quota law revisited,” Management Science, forthcoming.
Eckbo, B. Espen, Andrey Malenko, and Karin S. Thorburn, 2020, “Strategic decisions in takeover auctions: Recent developments,” Annual Review of Financial Economics 12, 237-276. 
Eckbo, B. Espen, Tanakorn Makaew, and Karin S. Thorburn, 2018, “Are stock-financed takeovers opportunistic?” Journal of Financial Economics 128 (3), 443-465.
Bakke, Einar, Tore Leite and Karin S. Thorburn, 2017, “Partial adjustment to public information in the pricing of IPOs,” Journal of Financial Intermediation 32, 60-75.
Eckbo, B. Espen, Karin Thorburn and Wei Wang, 2016, “How costly is corporate bankruptcy for the CEO?” Journal of Financial Economics 121 (1), 210-229.
Betton, Sandra, B. Espen Eckbo, Rex Thompson, and Karin S. Thorburn, 2014, “Merger negotiations with stock market feedback,” Journal of Finance 69(4), 1705-1745.
Fisher-Vanden, Karen, and Karin S. Thorburn, 2011, “Voluntary corporate environmental initiatives and shareholder wealth,” Journal of Environmental Economics and Management, 62(3), 430-455.
Betton, Sandra, B. Espen Eckbo and Karin S. Thorburn, 2009, “Merger negotiations and the toehold puzzle,” Journal of Financial Economics 91, 158-178.
Eckbo, B. Espen, and Karin S. Thorburn, 2009, “Creditor financing and overbidding in bankruptcy auctions: Theory and tests,” Journal of Corporate Finance 15, 10-29.
Eckbo, B. Espen, and Karin S. Thorburn, 2008, “Automatic bankruptcy auctions and fire-sales,” Journal of Financial Economics 89, 404-422.
Eckbo, B. Espen, and Karin S. Thorburn, 2003, “Control benefits and CEO discipline in automatic bankruptcy auctions,” Journal of Financial Economics 69 (1), 227-258.
Thorburn, Karin S., 2000, “Bankruptcy auctions: Costs, debt recovery, and firm survival,” Journal of Financial Economics 58(3), 337-368.
Eckbo, B. Espen, and Karin S. Thorburn, 2000, “Gains to bidder firms revisited: Domestic and foreign acquisitions in Canada,” Journal of Financial and Quantitative Analysis 35 (1), 1-25.