2013年6月26日上午8:30，美国约翰霍普金斯大学助理教授孙娴博士应必威·BETWAY管理与经济学院邀请，在主楼326会议室作了题为“Does Cross-Border M&As Create Value?”的学术报告，报告由应用国际贸易与金融系主任马明老师主持。

    孙娴博士从自己的三篇论文出发由浅入深地探讨了关于跨境并购是否创造价值的问题。虽然之前信息表明跨境并购似乎并没有创造价值，但孙博士认为应把体制、组织因素考虑进去。通过分析得出发达国家收购发展中国家的企业比发达国家收购发达国家的企业能创造更多的价值。她又进一步分析了价值产生的原因有知识产权保护、技术转移、无形资产输出等。最后又指出了公司在并购过程中能通过观察获得学习经验。

    在孙教授讲解完后，与师生共同讨论了相关问题，就论文中用到的检验方法和Panel数据处理进行了深入地讨论。师生讨论热烈，收获颇丰，不仅学到了宝贵的学术研究经验，更为大家开拓了新的国际视野。

主讲人简介：
    Dr. Sun received her PhD in finance from Rensselaer Polytechnic Institute in 2006. She worked for Office of Comptroller of Currency, the supervisor of US national banks, for 3 years after graduation, where she was promoted to the position of senior Financial Economist. Dr. Sun then joined Carey Business School of Johns Hopkins University as the tenure-tracked Assistant Professor in Finance. She has published in prestigious financial journals such as Journal of Financial Quantitative Analysis, Journal of Banking and Finance, Journal of International Money and Finance, Journal of Business Research, Journal of Financial Stability, and Comparative Economic Studies. Her research interests include emerging markets, political institutions and financial institutions.