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Research Seminar Series

 

Research Seminar Series

“Cross-Border versus Domestic Acquisitions

and the Impact on Shareholder Wealth”

Jo Danbolt

University of Glasgow Adam Smith Business School

Friday, June 22, 2012, 17:00-18:00

International Hellenic University, Lecture Room A1

 

The School of Economics and Business Administration of the International Hellenic University (IHU) would like to invite you to the next presentation in the Research Seminar Series. Jo Danbolt, Professor of Finance at the University of Glasgow Business School, will provide a talk on “Cross-Border versus Domestic Acquisitions and the Impact on Shareholder Wealth”.

 

The purpose of the Research Seminar Series is to bring together the academic and business community by presenting contemporary research topics in Finance, Business, Marketing, Accounting and Economics, among others. Through these seminars, as an international centre of knowledge, innovation and research, at the crossroads of Southern Europe, the IHU attempts to further strengthen its strategic role in academic excellence. Drawing on the experience of outstanding Greek and international academics, working papers are presented on a regular basis, with the aim of establishing a meeting point for active researchers.


Speaker information:

Jo Danbolt is Professor of Finance at the University of Glasgow Business School, Scotland. He is currently also Head of Accounting & Finance and Deputy Head of School. He hold a PhD in Finance and a BA(Hons) in Business Organisation from Heriot-Watt University in Edinburgh. His research interests are in the area of empirical corporate finance, in particular related to merg­ers and acquisitions, capital structure, corporate governance, and growth opportunities.

He has published in journals such as Corporate Governance: An International Review, European Accounting Review, European Financial Management, and European Journal of Finance. His teaching interests are in the areas of international financial management and acquisitions.


Working paper’s short abstract:

We analyse the impact on targets and bidders from cross-border acquisitions into and out of the UK, in comparison to companies involved in similar domestic acquisitions. We find both targets and bidders to gain more in cross-border than in comparable domestic acquisitions, with target and bidder cross-border effects of 10.1 and 1.5 percentage points, respectively. The cross-border effect is significantly higher for targets acquired by companies from countries with superior governance systems to their own. There is weak evidence to suggest bidders gain from entering new markets but for targets to gain more where the bidder already operates in the target country.

 

If you wish to download the full paper please follow the link:
http://www.econ.ihu.edu.gr/attachments/rs/M-A_Paper.docx

 

For more information you can contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

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