華師經管學術講座第427期（經濟）
【題目】Direct flights and cross-border mergers & acquisitions
【時間】2022年12月8日（周四）14:30
【地點】騰訊會議：530-909-275，會議密碼：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.
【主講人簡介】
張弛，中山大學“百人計劃”引進人才，公司金融方向碩士生導師。主要研究方向為公司金融，以第一作者的身份在《Journal of Corporate Finance》等SSCI檢索雜志以及多本CSSCI檢索雜志發表論文多篇，曾參與香港SPPR項目“粵港澳大灣區背景下香港綠色金融中心建設的制度分析與政策設計”以及主持香港科技大學（廣州）博士后課題“綠色金融政策對大灣區基礎設施建設與綠色企業發展的影響”。