Sixth Annual Mergers and Acquisitions Research Centre Conference

Sixth Annual Mergers and Acquisitions Research Centre Conference

  • 27 June 2022
  • City, University of London

Watch the presentations here: https://www.youtube.com/playlist?list=PL0ysOguv9W0LjIx9h-ckWAKt9htFB_JdY

Mergers and Acquisitions Research Centre (MARC) and ECGI

2022 Sixth Annual Mergers and Acquisitions Research Centre Conference

 

Monday, 27 June 2022

08:30 - 17:30 BST (09:30 - 18:30 CEST)

Download the programme

Location

Bayes Business School (formerly Cass), London, UK
LG002 & LG003, Lower Ground Floor – 106 Bunhill Row, London EC1Y 8TZ

More details

Organisers

Scott Moeller, Bayes Business School
Anh Tran, Bayes Business School
Paolo Volpin, Bayes Business School, Drexel University and ECGI
 

ABOUT THE EVENT

Since 2016, our annual M&A Research Centre (MARC) conference is among the most selective high-quality conferences in the field and has brought together cutting-edge research and practice on M&A by leading professors and industry experts around the world. The papers presented at our 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. 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. Following the success of the Fifth Conference in 2021, the Sixth Mergers and Acquisitions Research Centre (MARC) Conference was held on 27 June 2022, again in cooperation with the European Corporate Governance Institute (ECGI). 

As of January 2021, four out of eight papers presented at our 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 our second conference in 2017 have been published in the Journal of Financial Economics, the Review of Financial Studies, and the Journal of Accounting Research.

We were happy to return in 2022 to a conference format in which all the presenters and discussants attended in person, but for those unable to travel to London were able to live stream the conference

Information

Address:
106 Bunhill Row London EC1Y 8TZ
Contact:
Elaine McPartlan
European Corporate Governance Institute (ECGI)

Monday, 27 June 2022 | 08.30 BST (09:30 CEST)

08:30

Registration

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Does Regulatory Exposure Create M&A Synergies?

Time:
09:00h

“Does Regulatory Exposure Create M&A Synergies?”
Presenter: Tom Griffin (Villanova University)
Co-authors: Eli Fich (Drexel University) and Joseph Kalmenovitz (Drexel University)
Discussant: Ronald Masulis (University of New South Wales)

Paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3966359

Speakers

Discussants

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The (Un)intended Consequences of M&A Regulatory Enforcements

Time:
09:45h

“The (Un)intended Consequences of M&A Regulatory Enforcements”
Presenter: Micah Officer (Loyola Marymount University)
Co-authors: Eric de Bodt (Norwegian School of Economics), Jean-Gabriel Cousin
(Université de Lille) and Richard Roll (California Institute of Technology)
Discussant: Andrey Golubov (University of Toronto)

Research paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4025495

Speakers

Discussants

10:30

Coffee Break

11:00

Winner’s Curse in Takeovers? Evidence from Investment Bank Valuation Disagreement

Speakers:
Discussant:
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Winner’s Curse in Takeovers? Evidence from Investment Bank Valuation Disagreement

Time:
11:00h

“Winner’s Curse in Takeovers? Evidence from Investment Bank Valuation Disagreement”
Presenter: Tingting Liu (Iowa State University)
Co-authors: Tao Shu (Chinese University of Hong Kong) and Jasmine Wang (University
of Virginia)
Discussant: Henri Servaes (London Business School)

Research paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3954130

Speakers

Discussants

Back to full programme

Mergers under the Microscope: Analyzing Conference Call Transcripts

Time:
11:45h

Presenter: Jarrad Harford (University of Washington)
Co-authors: Sudipto Dasgupta (Chinese University of Hong Kong), Fangyuan Ma (Peking
University), Daisy Wang (Ohio State University) and Haojun Xie (Chinese
University of Hong Kong)
Discussant: Peter Haslag (Vanderbilt University)

Research paper: https://mays.tamu.edu/department-of-finance/wp-content/uploads/sites/2/2...

Speakers

Discussants

12:30

Lunch Break

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Post-merger Restructuring of the Labor Force

Time:
13:30h

Presenter: Stefan Obernberger (Erasmus University)
Co-authors: Britta Gehrke (University of Rostock), Ernst Maug (University of Manheim)
and Christoph Schneider (University of Münster)
Discussant: Dirk Jenter (London School of Economics)

Research paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3838865

Speakers

Discussants

14:15

Keynote speech: H2 Trends on M&A, Debt Issuance and Fund Raising

Speakers:
Back to full programme

Keynote speech: H2 Trends on M&A, Debt Issuance and Fund Raising

Time:
14:15h

Speakers

15:00

Coffee break

Back to full programme

Climate Laws and Cross-border Mergers and Acquisitions

Time:
15:30h

Presenter: Fei Xie (University of Delaware)
Co-authors: Dragon Yongjun Tang (University of Hong Kong) and Tong Li (University of
Hong Kong)
Discussant: Filippos Papakonstantinou (King’s College London)

Research paper: https://ecgi.global/sites/default/files/litangxie-climateandcrossborderm...

Speakers

Discussants

Back to full programme

The Innovation Arms Race

Time:
16:15h

Presenter: Muhammad Farooq Ahmad (SKEMA Business School) Co-authors: Eric de Bodt (Norwegian School of Economics) and Jarrad Harford (University of Washington) Discussant: Juanita Gonzalez-Uribe (London School of Economics)Presenter: Muhammad Farooq Ahmad (SKEMA Business School)
Co-authors: Eric de Bodt (Norwegian School of Economics) and Jarrad Harford
(University of Washington)
Discussant: Juanita Gonzalez-Uribe (London School of Economics)

Research paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3698936

Speakers

Discussants

Back to full programme

Closing remarks

Time:
17:00h

Speakers

17:30

Conference close

18:00

Dinner

Speakers

Presentations

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Conference Opening

Time:
08:55h

Speakers

Back to all presentations

Session 1 | Chaired by

Time:
21:46h

Speakers

Does Regulatory Exposure Create M&A Synergies?

Back to all presentations

Does Regulatory Exposure Create M&A Synergies?

Time:
09:00h

“Does Regulatory Exposure Create M&A Synergies?”
Presenter: Tom Griffin (Villanova University)
Co-authors: Eli Fich (Drexel University) and Joseph Kalmenovitz (Drexel University)
Discussant: Ronald Masulis (University of New South Wales)

Paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3966359

Speakers

Discussants

The (Un)intended Consequences of M&A Regulatory Enforcements

Back to all presentations

The (Un)intended Consequences of M&A Regulatory Enforcements

Time:
09:45h

“The (Un)intended Consequences of M&A Regulatory Enforcements”
Presenter: Micah Officer (Loyola Marymount University)
Co-authors: Eric de Bodt (Norwegian School of Economics), Jean-Gabriel Cousin
(Université de Lille) and Richard Roll (California Institute of Technology)
Discussant: Andrey Golubov (University of Toronto)

Research paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4025495

Speakers

Discussants

Back to all presentations

Session 2 | Chaired by

Time:
21:46h

Speakers

Back to all presentations

Winner’s Curse in Takeovers? Evidence from Investment Bank Valuation Disagreement

Time:
11:00h

“Winner’s Curse in Takeovers? Evidence from Investment Bank Valuation Disagreement”
Presenter: Tingting Liu (Iowa State University)
Co-authors: Tao Shu (Chinese University of Hong Kong) and Jasmine Wang (University
of Virginia)
Discussant: Henri Servaes (London Business School)

Research paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3954130

Speakers

Discussants

Back to all presentations

Mergers under the Microscope: Analyzing Conference Call Transcripts

Time:
11:45h

Presenter: Jarrad Harford (University of Washington)
Co-authors: Sudipto Dasgupta (Chinese University of Hong Kong), Fangyuan Ma (Peking
University), Daisy Wang (Ohio State University) and Haojun Xie (Chinese
University of Hong Kong)
Discussant: Peter Haslag (Vanderbilt University)

Research paper: https://mays.tamu.edu/department-of-finance/wp-content/uploads/sites/2/2...

Speakers

Discussants

Back to all presentations

Session 3 | Chaired by

Time:
21:46h

Speakers

Back to all presentations

Post-merger Restructuring of the Labor Force

Time:
13:30h

Presenter: Stefan Obernberger (Erasmus University)
Co-authors: Britta Gehrke (University of Rostock), Ernst Maug (University of Manheim)
and Christoph Schneider (University of Münster)
Discussant: Dirk Jenter (London School of Economics)

Research paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3838865

Speakers

Discussants

Back to all presentations

Keynote Speech Introduction

Time:
21:46h

Speakers

Keynote speech: H2 Trends on M&A, Debt Issuance and Fund Raising

Back to all presentations

Keynote speech: H2 Trends on M&A, Debt Issuance and Fund Raising

Time:
14:15h

Speakers

Back to all presentations

Session 4 | Chaired by

Time:
21:46h

Speakers

Back to all presentations

Climate Laws and Cross-border Mergers and Acquisitions

Time:
15:30h

Presenter: Fei Xie (University of Delaware)
Co-authors: Dragon Yongjun Tang (University of Hong Kong) and Tong Li (University of
Hong Kong)
Discussant: Filippos Papakonstantinou (King’s College London)

Research paper: https://ecgi.global/sites/default/files/litangxie-climateandcrossborderm...

Speakers

Discussants

Back to all presentations

The Innovation Arms Race

Time:
16:15h

Presenter: Muhammad Farooq Ahmad (SKEMA Business School) Co-authors: Eric de Bodt (Norwegian School of Economics) and Jarrad Harford (University of Washington) Discussant: Juanita Gonzalez-Uribe (London School of Economics)Presenter: Muhammad Farooq Ahmad (SKEMA Business School)
Co-authors: Eric de Bodt (Norwegian School of Economics) and Jarrad Harford
(University of Washington)
Discussant: Juanita Gonzalez-Uribe (London School of Economics)

Research paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3698936

Speakers

Discussants

Back to all presentations

Closing remarks

Time:
17:00h

Speakers