Blar i BI Research Centre's Series på forfatter "Norli, Øyvind"

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    • 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 ...

    • 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 ...