• Crawling EDGAR 

      Diego, Garcia; Norli, Øyvind (Journal article; Peer reviewed, 2012)
      While our kids may think this paper is about spiders, it is, unfortunately, about rms in the United States reporting relevant business information to the Securities and Exchange Commission (SEC). The paper is meant to ...
    • Geographic dispersion and stock returns 

      Garcia, Diego; Norli, Øyvind (Journal article; Peer reviewed, 2012)
      This paper shows that stocks of truly local firms have returns that exceed the return on stocks of geographically dispersed firms by 70 basis points per month. By extracting state name counts from annual reports filed with ...
    • Initial Public Offering or Initial Private Placement? 

      Fjesme, Sturla Lyngnes; Norli, Øyvind (CCGR Working Paper;4/2011, Working paper, 2011)
      This paper studies the choice between an auction and a negotiation when selling a large fraction of a company. Using detailed data on ownership structure in 123 public offerings and 88 negotiated private placements, we ...
    • Liquidity and Shareholder Activism 

      Norli, Øyvind; Østergaard, Charlotte; Schindele, Ibolya (CCGR Working Paper;1/2014, Working paper, 2014)
      Blockholders' incentives to intervene in corporate governance are weakened by free-rider problems and high costs of activism. Theory suggests activists may recoup expenses through informed trading of target firms' stock ...
    • Liquidity and Shareholder Activism 

      Norli, Øyvind; Ostergaard, Charlotte; Schindele, Ibolya (CCGR Working Paper, Working paper, 2009)
      This paper documents that stock liquidity improves shareholders’ incentive to monitor management. Using a hand-collected sample of contested proxy solicitations and shareholder proposals as occurrences of shareholder ...
    • Liquidity and shareholder activism 

      Norli, Øyvind; Østergaard, Charlotte; Schindele, Ibolya (Journal article; Peer reviewed, 2015)
      Blockholders' incentives to intervene in corporate governance are weakened by free-rider problems and high costs of activism. Theory suggests activists may recoup expenses through informed trading of target rms' stock ...
    • Using Brokerage Commissions to Secure IPO Allocations 

      Fjesme, Sturla Lyngnes; Michaely, Roni; Norli, Øyvind (CCGR Working Paper;4/2010, Working paper, 2010)
      Using data, at the investor level, on the allocations of shares in initial public offerings (IPOs), we document a strong positive relationship between the amount of stock-trading commission and the number of shares an ...