Professor Mike Burkart (LSE Finance and FMG, Swedish House of Finance, CEPR and ECGI) and co-authors Samuel Lee (Santa Clara University, Swedish House of Finance and ECGI) and Paul Voss (HEC Paris) have received the 2025 ECGI Finance Prize (Best paper in the Finance Working Paper series) for their paper The Evolution of the Market for Corporate Control.
The paper presents a compelling theory of how takeover activism has emerged as a dominant mode of corporate control changes, replacing traditional hostile tender offers.
Click here to read more about the award and its 2025 recipients.
