Assistant Professor Thibaut Morillon’s co-authored research is published at Managerial Finance.
Thibaut Morillon, assistant professor of finance in the Martha and Spencer Love School of Business, co-authored the paper, “Do mergers and acquisitions affect information asymmetry in the banking sector?” which is published in Managerial Finance.
In the paper, Morillon and co-author John S. Howe from the University of Missouri look at whether specific firm or deal characteristics influence information asymmetry levels between insiders and investors, as well as the impact of recent regulation such as the Dodd–Frank Act.
The co-authors find evidence that information asymmetry increases following M&A announcement and decreases following deal completion.
The paper’s abstract reads: “This paper aims to investigate the consequences of mergers and acquisitions (M&As) on information asymmetry in the banking sector. Specifically, the authors look at whether specific firm or deal characteristic influence information asymmetry levels between insiders and investors, as well as the impact of recent regulation such as the Dodd–Frank Act.”
Managerial Finance provides an international forum for the publication of high quality and topical research across all areas of financial research.
Morillon joined Elon in 2019 after completing his doctorate in finance from the University of Missouri. His research interests include mergers and acquisitions, international finance, corporate governance, and real estate. Prior to his academic career, Morillon was a financial advisor at LCL Bank.