hjc888黄金城
金融系
学术报告
主讲人：美国宾州州立大学Behrend校区商学院金融系 冯泓睿 博士
报告题目：The Positive Externalities of Leveraged Buyouts
报告时间：2019年9月10日（星期二）上午10:30-12:00
报告地点：东北大学浑南校区文管学馆B座306
主持人：王健 教授
报告摘要：
We show that private equity-sponsored going-private announcements can evoke positive externality effects on their industry peers. It is well-established that “active” ownership of private equity (PE) houses increases competitiveness of target firms by improving their operational strategies, innovation capability, and corporate governance. We argue that private equity-sponsored going-private announcements should also impact their industry peers as a result of increased takeover threat and competitive pressure felt by the peers. Industry peers mitigate the increased takeover threat and competitive pressure by significantly improving their operational efficiency, engaging in long-term innovation and enhancing their corporate governance.
冯泓睿简介：
美国俄克拉荷马州立大学金融学博士，美国佐治亚州立大学金融工程学硕士，浙江大学金融学学士。现任美国宾州州立大学Behrend校区商学院金融学助理教授。主要研究方向为代理人风险和资产定价实证分析。曾获美国金融学会（AFA）旅行奖，两度获得美国金融管理学会（FMA）最佳论文奖（Semi-final list）,美国西南金融学会最佳论文奖等研究奖项，其学术成果在The Financial Review, European Financial Management, Review of Quantitative Finance and Accounting, International Review of Financial Analysis等高影响因子的金融专业杂志发表。目前是美国金融学会（AFA）, 美国金融管理学会（FMA）的成员。在担任学术职位之前，冯博士曾就职于美国Aprio资产评估公司，具有丰富的公司并购咨询经历。
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