David Becher

Areas of Expertise

  • Banking and Bank Regulation
  • Board of Directors
  • Corporate Control and Mergers and Acquisitions
  • Corporate Governance
  • Executive Compensation

Selected Works

Articles

Bates, Thomas W, and Becher, David A., Bid Resistance by Takeover Targets: Managerial Bargaining or Bad Faith?. Journal of Financial and Quantitative Analysis (Forthcoming)

Becher, David A., Cohn, Jonathan, and Juergens, Jennifer L., Do Stock Analysts Influence Merger Completion? An Examination of Post-Merger Announcement Recommendations. Management Science 61 (Oct 2015): 2430-2448.

Becher, David A., Mulherin, Harold, and Walkling, Ralph A., Industry Shocks and Merger Activity: An Analysis of U.S. Public Utilities. Journal of Financial and Quantitative Analysis (Feb 2012):

Becher, David A., and Frye, Melissa B., Does Regulation Substitute or Complement Governance?. Journal of Banking and Finance 35 (Mar 2011): 736-751.

Becher, David A., Bidder Returns and Merger Anticipation: Evidence from Banking Deregulation. Journal of Corporate Finance 15 (Feb 2009): 85-98.

Bates, Thomas W., Becher, David A., and Lemmon, Michael L., Board Classification and Managerial Entrenchment: Evidence from the Market for Corporate Control. Journal of Financial Economics 87 (Mar 2008): 656 – 677.

Becher, David A., Campbell, Terry L., and Frye, Melissa B., Incentive Compensation for Bank Directors: The Impact of Deregulation. Journal of Business 78 (Sep 2005): 1753-1777.

Anderson, Christopher W., Becher, David A., and Campbell, Terry L., Bank Mergers, the Market for Bank CEOs, and Managerial Incentives. Journal of Financial Intermediation 13 (Sep 2004): 6-27.

Becher, David A., The Valuation Effects of Bank Mergers. Journal of Corporate Finance 6 (Sep 2000): 189-214.

Chapters

Becher, David A., “The Valuation Effects of Bank Mergers.” Mergers & Corporate Governance, Ed. J. Harold Mulherin. (2004): 90-115.

Presented Research

Becher, David A., Is there Performance-Based Turnover on Corporate Boards?, Conference on Financial Economics and Accounting: Piscataway, NJ, (Nov 2015):

Becher, David A., Does It Pay to Stay? An Examination of Long-Ter…, University of New South Wales: Syndey, AU, (Jul 2014):

Becher, David A., Gordon, Rachel, and Juergens, Jennifer L., Does It Pay to Stay? An Examination of Long-Ter…, University of Melbourne: Melbourne, AU, (Jul 2014):

Becher, David A., Do Acquirer CEO Incentives Impact Mergers?, Conference on Empirical Legal Studies, University of Pennsylvania: Philadelphia, PA, (Nov 2013):

Becher, David A., Juergens, Jennifer L., and Cohn, Jonathan, Do Stock Analysts Influence Merger Completion? An Examination of Post-Merger Announcement Recommendations, Financial Intermediation Research Society: Dubrovnik, Croatia, (May 2013):

Becher, David A., and Bates, Thomas W., Bid Resistance by Takeover Targets: Manageria…, American Finance Association: Chicago, IL, (Jan 2012):

Becher, David A., Cai, Jie, and Ouyang, Wenjing, Do Shareholders Listen? M&A Advisor Opinions an…, Financial Intermediation Research Society Conference on Banking, Corporate Finance and Intermediation: Sydney Australia, (Jun 2011):

Bates, Thomas W., and Becher, David A., Bid Resistance by Takeover Targets: Managerial Bargaining or Bad Faith?, American Law & Economics Association meetings, Columbia University: New York, NY, (May 2011):

Becher, David A., Cai, Jie, and Ouyang, Wenjing, Do Shareholders Listen? M&A Advisor Opinions an…, Conference on Financial Economics and Accounting (FEA): College Park, MD, (Nov 2010):

Becher, David A., Cai, Jie, and Ouyang, Wenjing, Do Shareholders Listen? M&A Advisor Opinions and Shareholder Voting, American Law and Economics Association meetings, Princeton University: Princeton, NJ, (May 2010):

Becher, David A., Mulherin, Harold, and Walkling, Ralph A., Industry Shocks and Merger Activity: An Analysis of U.S. Public Utilities, Western Finance Assocation Meetings: Waikoloa, HI, (Jun 2008):

Becher, David A., and Frye, Melissa B., Does Regulation Substitute or Complement Governance?, Financial Intermediation Research Society Conference on Banking, Corporate Finance and Intermediation: Anchorage, AK, (Jun 2008):

Becher, David A., and Juergens, Jennifer, Analyst Recommendations and Mergers: Do Analysts Matter?, 18th Conference on Financial Economics and Accounting (FEA): New York, NY, (Oct 2007):

Becher, David A., Bidder Returns and Merger Anticipation: Evidence from Banking Deregulation, Financial Intermediation Research Society Conference on Banking, Corporate Finance, and Intermediation: Shanghai, CH, (Jun 2006):

Becher, David A., Deltas, George, and Pinteris, George, Reconsidering the Degree of Inefficiency of Financial Institutions, Annual Conference on Bank Structure and Competition: Chicago, IL, (May 2006):

Proceedings

Becher, David A., Deltas, George, and Pinteris, George, Reconsidering the Degree of Inefficiency of Financial Institutions, Bank Structure and Competition Conference Proceedings May 2006. Federal Reserve Bank of Chicago (Jun 2006):

Becher, David A., and Campbell, Terry L., How do Banks Compete? Strategy, Regulation & Technology, Annual Conference on Bank Structure and Competition May 2004. Federal Reserve Bank of Chicago (Jun 2004):

Becher, David A., Campbell, Terry L., and Frye, Melissa B., Corporate Governance: Implication for Financial Services Firms, Annual Conference on Bank Structure and Competition May 2003. Federal Reserve Bank of Chicago (Jun 2003):

Education

N/A International Economics - Universite de Montpellier III France 1991
BA Economcis/Int’l Relations - The College of William and Mary Williamsburg, VA 1992
PhD Finance - Pennsylvania State University University Park, PA 1999

Professional Experience

Corporate-Office of the Comptroller of the Currency Research Analyst, Risk Analysis & Bank Research Divisions Washington DC Jun 1992 - Aug 1994
Academic-Pennsylvania State University RA/Instructor University Park PA Aug 1994 - Jul 1999
Corporate-Office of the Comptroller of the Currency Research Assistant Washington DC May 1995 - Aug 1995
Corporate-PNC Bank Special Assistant to Senior Vice President: Risk Management Division Pittsburgh PA May 1996 - Aug 1996
Academic-Northern Illinois University Assistant Professor DeKalb IL Aug 1999 - Jun 2003

Awards

2016 Fellow, Wharton Financial Institutions Center (University of Pennsylvania)
2016 Center for Corporate Governance Fellow (Center for Corporate Governance, LeBow College of Busines)
2013 Center of Teaching Excellence- Distinguished Fellow (LeBow College Center of Teaching Excellence)
2013 Wharton Financial Institutions Center (University of Pennsylvania)
2009-2012 Research Fellow (LeBow College of Business Center for Research Excellence)
2008-2012 Fellow, Wharton Financial Institutions Center (University of Pennsylvania)
2008-2009 Best Professor - OYMBA (LeBow College of Business)
2008-2009 Best Professor - Malvern Lead (LeBow College of Business)
2008 Excelling in Teaching Award (LeBow College of Business)
2007-2008 Fellow, Wharton Financial Institutions Center (University of Pennsylvania)
2007 Excelling in Research Award (LeBow College of Business)
2007 Drexel Class of 2007 Undergraduate recipient, Excellence in Teaching Award (LeBow College of Business)
2006-2007 Fellow, Wharton Financial Institutions Center (University of Pennsylvania)
2005 Drexel Student-Athletes Make a Difference Award (Drexel University)
2004 Excelling in Teaching Award (LeBow College of Business)

Media Mentions

Donald Trump made $39 million running failed casino company

via CNN

David Becher, associate professor of finance, and Ralph Walkling, professor of finance and founder of the Center for Corporate Governance, are quoted in a CNN Money article about dealings between Donald Trump and the public casino company he founded.

Comcast loses $400M over failed Time Warner acquisition

via Philadelphia Business Journal

Although a huge sum, the $400 million lost by Comcast in the failed acquisition of Time Warner is an acceptable risk says Drexel LeBow associate professor of finance David Becher.

Could Geithner Land at Citigroup After Treasury Stint?

via Fox Business

David Becher, Ph.D., was quoted in an October 22 FoxBusiness.com story about the possibility of former Treasury Secretary Timothy Geithner becoming chairman of Citigroup.