Econ Dept Seminars
University of Canterbury,, Winter 2009 , Prof. John Fountain
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Updated On 02 Feb, 19
Seminars and public lectures presented in the Economics Department,School of Business and Eonomics.
4.1 ( 11 )
Prof Jarrad Harford of the University of Washington (Jarrads home page) presented and interesting and lively seminar on his recent research into the impact of shareholder cross holdings on the decisions of managers to acquire other companies. The stylized fact that acquisitions tend to reduce the share price of the acquiring company may be correct, but the correlated stylized fact that share price in the target firm increases means shareholders with larger cross shareholdings may be better off with a merger. And managers? just whose wealth are they supposed to maximize? Interesting food for thought here... some good questions from the audience of UC econ dept academics - during the seminar.
Sep 12, 2018
Excellent course helped me understand topic that i couldn't while attendinfg my college.
March 29, 2019
Great course. Thank you very much.