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Corporate Finance Projects

Title: Merger Activity in Industry Equilibrium 
Project Leader:
Prof. Theodosios Dimopoulos (University of Lausanne)

The objective of this study is to characterize the interactions between merger activity, on the one hand, and firms’ entry, exit, and investment decisions, on the other. It will do so across the business cycle.

Title: The End of Germany Incorporated 
Project Leader:
Prof. Rüdiger Fahlenbrach (Ecole Polytechnique Fédérale de Lausanne)

The objective of this research project is to study the effects of tax reform on corporate ownership and the consequences of any ownership changes for firms' investment decisions and performance.

Title: The Corporate Aging Phenomenon 
Project Leader:
Prof. Claudio Loderer (University of Bern)

The aim of this project is to study the effects on Tobin’s q and firm survival when management focuses its attention on maximizing the performance of assets in place rather than on developing new growth opportunities.

Title: Corporate Liquidity, Governance, and Agency Costs 
Project Leader:
Prof. Erwan Morellec (Ecole Polytechnique Fédérale de Lausanne)

This project aims to shed further light on the magnitude of manager-shareholder conflicts, on their effects on corporate behavior and economic growth, and on the effectiveness of governance mechanisms in alleviating such conflicts.

Title: Words and Deeds: Communication in Capital Markets 
Project Leader:
Prof. Alexander Wagner (University of Zurich)

This project aims to advance knowledge of the reasons behind the variation in style of managerial communication, of what investors can learn from implicit facets of communication, and of how firms achieve credible communication.