供稿：肖盼 攝影：顧芳芳 編輯：高超
2013年6月26日上午8:30，美國(guó)約翰霍普金斯大學(xué)助理教授孫嫻博士應(yīng)我校管理與經(jīng)濟(jì)學(xué)院邀請(qǐng)，在主樓326會(huì)議室作了題為“Does Cross-Border M&As Create Value?”的學(xué)術(shù)報(bào)告，報(bào)告由應(yīng)用國(guó)際貿(mào)易與金融系主任馬明老師主持。
孫嫻博士從自己的三篇論文出發(fā)由淺入深地探討了關(guān)于跨境并購是否創(chuàng)造價(jià)值的問題。雖然之前信息表明跨境并購似乎并沒有創(chuàng)造價(jià)值，但孫博士認(rèn)為應(yīng)把體制、組織因素考慮進(jìn)去。通過分析得出發(fā)達(dá)國(guó)家收購發(fā)展中國(guó)家的企業(yè)比發(fā)達(dá)國(guó)家收購發(fā)達(dá)國(guó)家的企業(yè)能創(chuàng)造更多的價(jià)值。她又進(jìn)一步分析了價(jià)值產(chǎn)生的原因有知識(shí)產(chǎn)權(quán)保護(hù)、技術(shù)轉(zhuǎn)移、無形資產(chǎn)輸出等。最后又指出了公司在并購過程中能通過觀察獲得學(xué)習(xí)經(jīng)驗(yàn)。
在孫教授講解完后，與師生共同討論了相關(guān)問題，就論文中用到的檢驗(yàn)方法和Panel數(shù)據(jù)處理進(jìn)行了深入地討論。師生討論熱烈，收獲頗豐，不僅學(xué)到了寶貴的學(xué)術(shù)研究經(jīng)驗(yàn)，更為大家開拓了新的國(guó)際視野。
主講人簡(jiǎn)介：
Dr. Sun received her PhD in finance from Rensselaer Polytechnic Institute in 2006. She worked for Office of Comptroller of Currency, the supervisor of US national banks, for 3 years after graduation, where she was promoted to the position of senior Financial Economist. Dr. Sun then joined Carey Business School of Johns Hopkins University as the tenure-tracked Assistant Professor in Finance. She has published in prestigious financial journals such as Journal of Financial Quantitative Analysis, Journal of Banking and Finance, Journal of International Money and Finance, Journal of Business Research, Journal of Financial Stability, and Comparative Economic Studies. Her research interests include emerging markets, political institutions and financial institutions.
