華師經(jīng)管學(xué)術(shù)講座第427期（經(jīng)濟(jì)）
【題目】Direct flights and cross-border mergers & acquisitions
【時(shí)間】2022年12月8日（周四）14:30
【地點(diǎn)】騰訊會(huì)議：530-909-275，會(huì)議密碼：59691
【主講人】張弛
【主持人】彭飛
【摘要】
Prior evidence indicates that proximity increases investments resulting in stronger economic growth. The introduction of a non-stop direct flight between two locations in different countries allows for faster travel and a lower cost of acquiring information, potentially facilitating acquisitions abroad. We examine this channel by considering cross-border mergers and acquisitions (M&A) activity between China and the U.S. Our results suggest that direct flights matter most in target selection. Direct flights are more important for M&A activity where information asymmetry is greater and for first time acquirers in the market. We demonstrate that endogeneity is unlikely to drive the results.
【主講人簡(jiǎn)介】
張弛，中山大學(xué)“百人計(jì)劃”引進(jìn)人才，公司金融方向碩士生導(dǎo)師。主要研究方向?yàn)楣窘鹑冢缘谝蛔髡叩纳矸菰凇禞ournal of Corporate Finance》等SSCI檢索雜志以及多本CSSCI檢索雜志發(fā)表論文多篇，曾參與香港SPPR項(xiàng)目“粵港澳大灣區(qū)背景下香港綠色金融中心建設(shè)的制度分析與政策設(shè)計(jì)”以及主持香港科技大學(xué)（廣州）博士后課題“綠色金融政策對(duì)大灣區(qū)基礎(chǔ)設(shè)施建設(shè)與綠色企業(yè)發(fā)展的影響”。