Fifth Annual Mergers and Acquisitions Research Centre Conference
- 28 - 29 June 2021
- •
- Online
Fifth Annual Mergers and Acquisitions Research Centre Conference
Monday, 28 June 2021 | 12:00 – 16:00 BST (13:00 – 17:00 CEST)
Tuesday, 29 June 2021 | 12:00 – 16:00 BST (13:00 – 17:00 CEST)
Organised by
Scott Moeller (M&A Research Centre, City, University of London)
Anh Tran (City, University of London)
Paolo Volpin (City, University of London and ECGI)
Since 2016, the annual MARC conference has brought together cutting-edge research and practice on M&A by leading professors and industry experts around the world. Topics span a broad array of issues related to M&A such as deal structure from financing to integration, activism, regulatory changes, domestic and cross border transactions and corporate social responsibility among others. The conference was held in cooperation with the European Corporate Governance Institute (ECGI). We are honoured to have many world-leading academic experts in the field of M&A serving in our programme committee.
The MARC conference is among the most selective high-quality conferences in the field. The papers presented at the conference are at the forefront of knowledge and of high academic rigour, as evidenced by a high acceptance rate in the top three academic journals in accounting and finance. As of January 2021, four out of eight papers presented at the first conference in 2016 have been published in the Journal of Finance and the Review of Financial Studies. Four out of seven papers presented at the second conference in 2017 have been published in the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Accounting Research.
Monday, 28 June 2021 | 12:00 BST (13:00 CEST)
Welcome and Introduction
Speakers:
Session 1: Chaired by
Speakers:
Hiring high-skilled labor through mergers and acquisitions
Speakers:
Discussant:
Hiring high-skilled labor through mergers and acquisitions
Authors:
Shenje Hshieh (City University of Hong Kong), Feng Zhang (University of Utah) and Jun Chen (Renmin University)
Speakers
Discussants
Conference Documents
Security design for the acquisition of private firms
Authors:
Thomas Noe (University of Oxford), Mark Jansen (University of Utah) and Ludovic Phalippou (University of Oxford)
Speakers
Discussants
Conference Documents
Break
Session 2: Chaired by
Speakers:
Acquisitions and CEO compensation changes
Authors:
David Denis (University of Pittsburgh) and Leonce Bargeron (University of Kentucky)
Speakers
Discussants
Are managers listening to Twitter? Evidence from Mergers & Acquisitions
Speakers:
Discussant:
Are managers listening to Twitter? Evidence from Mergers & Acquisitions
Speakers
Discussants
Conference Documents
Closing Remarks
Speakers:
Tuesday, 29 June 2021 | 12:00 BST (13:00 CEST)
Welcome and Introduction
Speakers:
Session 3: Chaired by
Speakers:
Keynote: ‘Corporate M&A: A proven value-creation strategy’
Speakers:
Keynote: ‘Corporate M&A: A proven value-creation strategy’
Speakers
EPS-Sensitivity and Mergers
Authors:
Fangyuan Ma (Chinese University of Hong Kong), Sudipto Dasgupta (Chinese University of Hong Kong) and Jarrad Harford (University of Washington)
Speakers
Discussants
Conference Documents
Break
Session 4: Chaired by
Speakers:
Real effects of stock market valuations: Local valuation spillovers in M&A activity
Speakers:
Discussant:
Real effects of stock market valuations: Local valuation spillovers in M&A activity
Authors:
Anjana Rajamani (Erasmus University) and Frederik Schlingemann (University of Pittsburgh)
Speakers
Discussants
Conference Documents
How do equity analysts impact takeovers?
Authors:
Tingting Liu (Iowa State University), Eliezer Fich (Drexel University) and Micah S. Officer (Loyola Marymount University)
Speakers
Discussants
Conference Documents
Closing Remarks
Speakers:
Speakers
Presentations
Welcome and Introduction
Welcome and Introduction
Speakers
Session 1: Chaired by
Session 1: Chaired by
Speakers
Hiring high-skilled labor through mergers and acquisitions
Hiring high-skilled labor through mergers and acquisitions
Authors:
Shenje Hshieh (City University of Hong Kong), Feng Zhang (University of Utah) and Jun Chen (Renmin University)
Speakers
Discussants
Conference Documents
Security design for the acquisition of private firms
Security design for the acquisition of private firms
Authors:
Thomas Noe (University of Oxford), Mark Jansen (University of Utah) and Ludovic Phalippou (University of Oxford)
Speakers
Discussants
Conference Documents
Acquisitions and CEO compensation changes
Acquisitions and CEO compensation changes
Authors:
David Denis (University of Pittsburgh) and Leonce Bargeron (University of Kentucky)
Speakers
Discussants
Are managers listening to Twitter? Evidence from Mergers & Acquisitions
Are managers listening to Twitter? Evidence from Mergers & Acquisitions
Speakers
Discussants
Conference Documents
Welcome and Introduction
Welcome and Introduction
Speakers
Session 3: Chaired by
Session 3: Chaired by
Speakers
Keynote: ‘Corporate M&A: A proven value-creation strategy’
Keynote: ‘Corporate M&A: A proven value-creation strategy’
Speakers
EPS-Sensitivity and Mergers
EPS-Sensitivity and Mergers
Authors:
Fangyuan Ma (Chinese University of Hong Kong), Sudipto Dasgupta (Chinese University of Hong Kong) and Jarrad Harford (University of Washington)
Speakers
Discussants
Conference Documents
Session 4: Chaired by
Session 4: Chaired by
Speakers
Real effects of stock market valuations: Local valuation spillovers in M&A activity
Real effects of stock market valuations: Local valuation spillovers in M&A activity
Authors:
Anjana Rajamani (Erasmus University) and Frederik Schlingemann (University of Pittsburgh)
Speakers
Discussants
Conference Documents
How do equity analysts impact takeovers?
How do equity analysts impact takeovers?
Authors:
Tingting Liu (Iowa State University), Eliezer Fich (Drexel University) and Micah S. Officer (Loyola Marymount University)