David Becher

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 52 (Jun 2017): 837-866.

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., Griffin, Thomas P., and Nini, Gregory, Congruence in Governance: Evidence from Credito…, Western Finance Association Meetings: Huntington Beach, CA, (Jun 2019):

Becher, David A., Griffin, Thomas P., and Nini, Gregory, Creditor Control of Corporate Acquisitions, Financial Intermediation Research Society (FIRS): Savannah, GA, (May 2019):

Bates, Thomas W., Becher, David A., and Wilson, Jared I, Performance-Based Turnover on Corporate Boards, EUROFIDAI International Paris Finance meetings;: Paris, France, (Dec 2018):

Becher, David A., Griffin, Thomas P., and Nini, Gregory, Congruence in Governance: Evidence from Credito…, Cass M&A Research Centre Conference: London, UK, (Aug 2018):

Bates, Thomas W., Becher, David A., and Wilson, Jared I, Performance-Based Turnover on Corporate Boards, European Finance Association (EFA): Manheim, Germany, (Aug 2017):

Bates, Thomas W., Becher, David A., and Wilson, Jared I, Performance-Based Turnover on Corporate Boards, Financial Intermediation Research Society (FIRS): Kowloon, Hong Kong, (Jun 2017):

Bates, Thomas W., Becher, David A., and Wilson, Jared I, Performance-Based Turnover on Corporate Boards, American Finance Association (AFA): Chicago, IL, (Jan 2017):

Becher, David A., and Gordon, Rachel, Why Hire Your Rival? The Case of Bank Debt Underwriting, FDIC-JFSR Fall Banking Research Conference: Washington, DC, (Sep 2016):

Becher, David A., Walkling, Ralph A., and Wilson, Jared I, Board Changes and the Director Labor Market: Th…, Cass M&A Research Centre Conference: London, England, (Aug 2016):

Becher, David A., 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., Juergens, Jennifer L., and Gordon, Rachel, Does It Pay to Stay? An Examination of Long-Ter…, Finance Down Under: Melbourne, AU, (Mar 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

PhD Finance - Pennsylvania State University University Park, PA 1999

Awards

2018 Center for Corporate Governance Fellow (Center for Corporate Governance, LeBow College of Business)
2018 Teaching Excellence Award, Cadre 3 (LeBow College of Business, Vanguard MBA Faculty)
2018 Wharton Financial Institutions Center (University of Pennsylvania)
2018 Outstanding STAR Mentor (Drexel University)
2018 David Cohen Research Scholar in Finance (LeBow College of Business)
2017 Center for Corporate Governance Fellow (Center for Corporate Governance, LeBow College of Business)
2017 Teaching Excellence Award, Cadre 2 (LeBow College of Business, Vanguard MBA Faculty)
2017 Wharton Financial Institutions Center (University of Pennsylvania)
2017 David Cohen Research Scholar in Finance (LeBow College of Business)
2016 Teaching Excellence Award, Cadre 1 (LeBow College of Business, Vanguard MBA Faculty)
2016 David Cohen Research Scholar in Finance (LeBow College of Business)
2016 Fellow, Wharton Financial Institutions Center (University of Pennsylvania)
2015 Wharton Financial Institutions Center Fellow (University of Pennsylvania)
2014 Wharton Financial Institutions Center (University of Pennsylvania)
2013 Center of Teaching Excellence- Distinguished Fellow (LeBow College Center of Teaching Excellence)
2013 Wharton Financial Institutions Center (University of Pennsylvania)
2012 Teaching Fellow (Center for Teaching Excellence, LeBow College of Business)
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 Drexel Class of 2007 Undergraduate recipient, Excellence in Teaching Award (LeBow College of Business)
2007 Excelling in Research 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

Ask the Experts: David Becher on Citibank Credit Cards

via WalletHub

Associate Professor of Finance David Becher provides insight on the key features of Citibank credit cards, including cash back percentages and the results of a “no late fees” policy.

Will Fox's board snub Comcast?

via Philadelphia Inquirer

David Becher, associate professor of finance, highlights the repercussions of Fox denying Comcast’s $65 billion cash offer for the company.

Comcast prepares to take Disney fight directly to Fox shareholders, SEC filing says

via Philadelphia Inquirer

David Becher, associate professor of finance, provides insight on the bidding war between Comcast Corp. and Walt Disney Co. over Fox.

College News

A recent research paper analyzes what happens when organizations resist “good” takeover bids.