Lehrstuhl für Mergers & Acquisitions

Die Forschungs- und Lehrtätigkeiten des Lehrstuhls für Mergers & Acquisitions konzentrieren sich auf den Bereich Corporate Finance mit den Schwerpunkten Mergers and Acquisitions, Investment Banking und Corporate Valuation.

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Über uns

Seit September 2013 hat Prof. Dr. Aktas den Lehrstuhl für Mergers & Acquisitions an der WHU – Otto Beisheim School of Management inne. Außerdem ist er Co-Director des Executive Education Programms für Mergers & Acquisitions an der WHU. Zuvor arbeitete er an der Skema Business School (Frankreich), der EMLYON Business School (Frankreich) und der Louvain School of Management (Université catholique de Louvain). Prof. Dr. Aktas ist bekannt für seine Forschungsartikel über Mergers & Acquisitions, die in führenden internationalen Zeitschriften wie dem Journal of Financial Economics, dem Journal of Financial and Quantitative Analysis, dem Economic Journal, dem Journal of Corporate Finance und dem Journal of Banking & Finance veröffentlicht wurden. Seine Forschungen wurden in den Programmen führender internationaler Konferenzen vorgestellt und in weit verbreiteten internationalen Medien wie der Financial Times, der New York Times und der Süddeutschen Zeitung zitiert. Von 2001-2002 war er Gastwissenschaftler an der Anderson School of Management (UCLA, Los Angeles). Prof. Dr. Aktas ist auch Mitglied des Aufsichtsrats von Pulcra Chemicals.

Aktuelle Forschungspublikationen von Prof. Dr. Nihat Aktas

Finance and Accounting Group

Does bilateral trust matter during mergers and acquisitions negotiations?

Ahmad, M. F., Aktas, N., Aziz, S. (2023), Does bilateral trust matter during mergers and acquisitions negotiations?, British Journal of Management, Vol. 34 (4), pp. 2212-2233.

Finance and Accounting Group

Climate risk and deployment of corporate resources to working capital

Ahmad, M. F., Aktas, N., Croci, E. (2023), Climate risk and deployment of corporate resources to working capital, Economics Letters, Vol. 224, 111002.

Finance and Accounting Group

Corporate divestitures around acquisitions

Aktas, N., Baros, A., Croci, E. (2022), Corporate divestitures around acquisitions, Journal of Corporate Finance, Vol. 73, 102189.

Finance and Accounting Group

The role of internal M&A teams in takeovers

Aktas, N., Boone, A., Witkowski, A., Xu, G., Yurtoglu, B. (2021), The role of internal M&A teams in takeovers, Review of Finance, Vol. 25 (4), pp. 1047–1088.

Finance and Accounting Group

Reductions in CEO career horizons and corporate policies

Aktas, N., Boone, A., Croci, E., Signori, A. (2021), Reductions in CEO career horizons and corporate policies, Journal of Corporate Finance, Vol. 66, 101862.

Finance and Accounting Group

Credit ratings and acquisitions

Aktas, N., Petmezas, D., Servaes, H., Karampatsas, N. (2021), Credit ratings and acquisitions, Journal of Corporate Finance, Vol. 69, 101986.

Finance and Accounting Group

Executive compensation and deployment of corporate resources

Aktas, N., Croci, E., Ozbas, O., Petmezas, D. (2021), Executive compensation and deployment of corporate resources: evidence from working capital, Review of Corporate Finance, Vol. 1 (1-2), pp. 43-80.

Finance and Accounting Group

CEO duality, agency costs, and internal capital allocation efficiency

Aktas, N., Andreou, P., Karasamani, I., Philip, D. (2019), CEO duality, agency costs, and internal capital allocation efficiency, British Journal of Management, Vol. 30 (2), pp. 473-493.

Finance and Accounting Group

Stock market development and the financing role of IPOs in acquisitions

Aktas, N., Andries, K., Croci, E., Özdakak, A. (2019), Stock market development and the financing role of IPOs in acquisitions, Journal of Banking & Finance, Vol. 98, pp. 25-38.

Finance and Accounting Group

CEO overconfidence and the value of corporate cash holdings

Aktas, N., Louca, C., Petmezas, D. (2019), CEO overconfidence and the value of corporate cash holdings, Journal of Corporate Finance, Vol. 54, pp. 85-106.

Finance and Accounting Group

Does bilateral trust matter during mergers and acquisitions negotiations?

Ahmad, M. F., Aktas, N., Aziz, S. (2023), Does bilateral trust matter during mergers and acquisitions negotiations?, British Journal of Management, Vol. 34 (4), pp. 2212-2233.

Finance and Accounting Group

Climate risk and deployment of corporate resources to working capital

Ahmad, M. F., Aktas, N., Croci, E. (2023), Climate risk and deployment of corporate resources to working capital, Economics Letters, Vol. 224, 111002.

Finance and Accounting Group

Corporate divestitures around acquisitions

Aktas, N., Baros, A., Croci, E. (2022), Corporate divestitures around acquisitions, Journal of Corporate Finance, Vol. 73, 102189.

Finance and Accounting Group

The role of internal M&A teams in takeovers

Aktas, N., Boone, A., Witkowski, A., Xu, G., Yurtoglu, B. (2021), The role of internal M&A teams in takeovers, Review of Finance, Vol. 25 (4), pp. 1047–1088.

Finance and Accounting Group

Reductions in CEO career horizons and corporate policies

Aktas, N., Boone, A., Croci, E., Signori, A. (2021), Reductions in CEO career horizons and corporate policies, Journal of Corporate Finance, Vol. 66, 101862.

Finance and Accounting Group

Credit ratings and acquisitions

Aktas, N., Petmezas, D., Servaes, H., Karampatsas, N. (2021), Credit ratings and acquisitions, Journal of Corporate Finance, Vol. 69, 101986.

Finance and Accounting Group

Executive compensation and deployment of corporate resources

Aktas, N., Croci, E., Ozbas, O., Petmezas, D. (2021), Executive compensation and deployment of corporate resources: evidence from working capital, Review of Corporate Finance, Vol. 1 (1-2), pp. 43-80.

Finance and Accounting Group

CEO duality, agency costs, and internal capital allocation efficiency

Aktas, N., Andreou, P., Karasamani, I., Philip, D. (2019), CEO duality, agency costs, and internal capital allocation efficiency, British Journal of Management, Vol. 30 (2), pp. 473-493.

Finance and Accounting Group

Stock market development and the financing role of IPOs in acquisitions

Aktas, N., Andries, K., Croci, E., Özdakak, A. (2019), Stock market development and the financing role of IPOs in acquisitions, Journal of Banking & Finance, Vol. 98, pp. 25-38.

Finance and Accounting Group

CEO overconfidence and the value of corporate cash holdings

Aktas, N., Louca, C., Petmezas, D. (2019), CEO overconfidence and the value of corporate cash holdings, Journal of Corporate Finance, Vol. 54, pp. 85-106.

Ausgewählte Forschungspublikationen von Prof. Dr. Nihat Aktas

Journal of Financial and Quantitative Analysis

CEO narcissism and the takeover process

Nihat Aktas, Eric de Bodt, Helen Bollaert and Richard Roll

Journal of Financial Economics

Learning from repetitive acquisitions: Evidence from the time between deals

Nihat Aktas, Eric de Bodt and Richard Roll

Journal of Financial Economics

Negotiations under the threat of an auction

Nihat Aktas, Eric de Bodt and Richard Roll

Economic Journal

Is European M&A regulation protectionist?

Nihat Aktas, Eric de Bodt and Richard Roll

Journal of Financial and Quantitative Analysis

Market response to European regulation of business combinations

Nihat Aktas, Eric de Bodt and Richard Roll

Journal of Financial and Quantitative Analysis

CEO narcissism and the takeover process

Nihat Aktas, Eric de Bodt, Helen Bollaert and Richard Roll

Journal of Financial Economics

Learning from repetitive acquisitions: Evidence from the time between deals

Nihat Aktas, Eric de Bodt and Richard Roll

Journal of Financial Economics

Negotiations under the threat of an auction

Nihat Aktas, Eric de Bodt and Richard Roll

Economic Journal

Is European M&A regulation protectionist?

Nihat Aktas, Eric de Bodt and Richard Roll

Journal of Financial and Quantitative Analysis

Market response to European regulation of business combinations

Nihat Aktas, Eric de Bodt and Richard Roll

Mehr Publikationen auf Google Scholar & SSRN

Unser Team

Team
Alumni

Prof. Dr.
Nihat Aktas

Prof. Dr. Nihat Aktas

Lehrstuhlinhaber

nihat.aktas(at)whu.edu

+49 (0)261 6509 224

CV & Publications

Johanna Häring

Johanna Häring

Persönliche Assistentin

johanna.haering(at)whu.edu

+49 (0)261 6509 777

Talha Umar

Talha Umar

Wissenschaftlicher Mitarbeiter

talha.umar(at)whu.edu

+49 (0)261 6509 223

Andreas G. Zetzsche

Andreas G. Zetzsche

Chair Affiliate
Former Group Head of M&A RWE AG, Essen

Dr. Alexander Witkowski

Dr. Alexander Witkowski

Dissertation:
"Empirical Essays in Corporate Finance"

alexander.witkowski(at)whu.edu

Dr. Santo Centineo

Dr. Santo Centineo

Dissertation:
"Essays in Empirical Corporate Finance: Family Firms, Investment Decisions, and Performance"

santo.centineo(at)whu.edu

Dr. Ali Özdakak

Dr. Ali Özdakak

Dissertation:
"Empirical Essays on Initial Public Offerings and Mergers & Acquisitions"

ali.oezdakak(at)whu.edu

Dr. Can Deniz Dogan

Dr. Can Deniz Dogan

Dissertation:
“Essays in Mergers and Acquisitions”

can.dogan(at)whu.edu

Lehre - Bachelor und Master Kurse sowie Abschlussarbeiten

Corporate Finance, verpflichtender BSc Kurs, 2. Semester
Valuation and M&A, Wahlfach MiF Kurs, 1. Semester
Mergers and Acquisitions, Wahlfach MiM Kurs, 2. Semester
Investment Banking, MBA
Mergers & Acquisitions, MBA

Kontaktieren Sie uns –

Wir freuen uns auf Ihre Nachricht.

Prof. Dr. Nihat Aktas

Prof. Dr. Nihat Aktas

Lehrstuhlinhaber

nihat.aktas(at)whu.edu

+49 (0)261 6509 224

Unser Standort

Lehrstuhl für Mergers and Acquisitions

WHU Campus Vallendar

WHU – Otto Beisheim School of Management

Burgplatz 2
D-56179 Vallendar

+49 261 65 09 - 0

Quicklinks

Finance & Accounting Group Fakultät & Forschung Über die WHU

Finance & Accounting Group Fakultät & Forschung Über die WHU