Is the English Premier League owners' and directors' test fit for purpose?

We are proud to share that ICMA Centre academics Professor George Alexandridis and Dr Nikolaos Antypas, together with co-author Dr Vicky Y. Lee (University of Greenwich), have received both the Best Paper Award and the Readers’ Choice Award at the European Financial Management Association (EFMA) 2025 Annual Conference that took place in June 2025 in Athens, Greece.

A team of academics from Henley Business School, including Dr Miriam Marra, Lecturer in Finance have undertaken a research project on the economic benefit of the Dubai Metro.

"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.