Research at CCF

Research at CCF

The researchers at CCF publish regularly in the top finance journals.


Espen Eckbo, Michael Kisser: "The Leverage-Profitability Puzzle Resurrected", Forthcoming, Review of Finance

Espen Eckbo, Karin S. Thorburn and Andrey Malenko: "Strategic Decisions in Takeover Auctions". Forthcoming, Annual Review of Financial Economics

Xunhua Su, Daniel Chi, Yun Tang, Bin Xu:  "Is Language an Economic Institution? Evidence from R&D." Forthcoming,  Journal of Corporate Finance, Volume 62, Article 101578

Eric de Bodt; Muhammad Farooq Ahmad; Jarrad Harford:"International Trade and the Propagation of  Merger Waves". Forthcoming, Review of Financial Economics

Espen Eckbo; Michael Kisser:  "Tradeoff theory and leverage dynamics of high-frequency debt issuers". Forthcoming, Review of Finance 

Read about this research in media:

Private Equity Managers Take Less Risk When More of Their Own Money Is on the Line

GPs with more skin in the game make safer bets-report


Kyeong Hun Lee, Cross-border Mergers and Acquisitions amid Political Uncertainty: A Bargaining Perspective. Strategic Management Journal, 39 (2),  2992-3005

Kyeong Hun Lee, David C. Mauer and Qianying(Emma) Xu, 2018. Human Capital Relatedness and Mergers and Acquisitions. Journal of Financial Economics, 129 (1), 111-135

Raff, Konrad and Linus Siming, 2018. Knighthoods, Damehoods, and CEO Behaviour. Journal of Corporate Finance, 59 (2), 302-319

Eckbo, B. Espen, Tanakorn Makaew, and Karin S. Thorburn, 2018. Are stock-financed takeovers opportunistic? Journal of Financial Economics, 128 (3), 443-465


Chi, Daniel and Xunhua SuThe dynamics of performance volatility and firm valuation. Journal of Financial and Quantitative Analysis, 52 (2), 111-142

Schmidt, Cornelius and Rudiger Fahlenbrach, 2016. Do exogeneous changes in passive institutional ownership affect corporate governance and firm value? Journal of Financial Economics, 124 (2), 285-306


Bakke, Einar, Tore Leite and Karin S. Thorburn, 2016. Partial Adjustment to Public Information in the Pricing of IPOs. Journal of Financial Intermediation32 (2), 1339-1351

Su, Xunhua, Zhang, Li, 2016. A Re-examination of Credit Rationing in the Stiglitz and Weiss Model. Journal of Money, Credit and Banking, 49 (2), 1059-1072

Koskinen, Yrjo and Joril Maeland, 2016. Innovation, Competition and Investment Timing. Review of Corporate Finance Studies, 5 (2), 166-199

Eckbo, B. Espen, Karin S. Thorburn and Wei Wang, 2016. How costly is corporate bankruptcy for the CEO? Journal of Financial Economics, 121 (1), 210-229