A Merseyside marvel
Four teams from the English Premier League are taking all the places in the two European finals. But why has the EPL taken so long to dominate European football?
The Premier League has had financial advantages over other European leagues. Despite the introduction of a centralised method of distribution, sharing revenues in the Spanish League differs to England. But English teams are building sustainable football structures for their managers.
In Henley Business School's Leading Insights, Dr Adrian Bell discusses football finance and management. Read the full piece here.
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Third edition of the ICMA Centre Stock Market Competition a success
7 July 2014
Following last year’s success, the ICMA Centre at Henley Business School hosted the third annual Stock Market Competition in its world class trading rooms. Comprehensives, academies and independent schools all battled it out to win the competition and experience life on a trading floor.
Undergraduate open days at the ICMA Centre
1 September 2015
Academics Win Best Corporate Finance Paper Award 2016
8 November 2016
"Institutional Cross-ownership and Corporate Strategy: The Case of Mergers and Acquisitions" by Professor Chris Brooks, Dr Yeqin Zeng, and PhD Zhong Chen has been awarded Best Corporate Finance Paper at the 2016 Southern Finance Association annual conference.
About the paper:
The paper provides new evidence on the important role of institutional investors in affecting corporate strategy. We study institutional investors who hold stocks of both acquirers and targets before the announcements of mergers and acquisitions (M&As). The existence of these institutional cross-owners not only increases the probability of two firms merging, but also affects the outcomes of M&As. Institutional cross-ownership reduces target firm prices, lowers completion probabilities of deals with negative acquirer announcement returns, and increases the use of stock payment in M&A transactions. Furthermore, deals with high institutional cross-ownership have lower transaction costs and disclose more transparent financial statement information.