Portrait of Dr Anh Tran

Dr Anh Tran

Reader in Finance

Cass Business School, Faculty of Finance

Contact

Visit Anh Tran

Room BR5039, Bunhill Row

Postal address

Cass Business School
106 Bunhill Row
London
EC1Y 8TZ
United Kingdom

About

Overview

Anh L. Tran is a Reader / Associate Professor of Finance. He joined the Faculty of Finance at Cass in August 2010 after obtaining his PhD from Drexel University in Philadelphia, USA. Anh has taught corporate finance classes at both MSc and undergraduate levels. His research interests are in empirical corporate finance, including mergers and acquisitions, executive compensation, and corporate governance among others.

In his recent research, Anh studies firm-value effects of managerial compensation during mergers and acquisitions and other important aspects of corporate governance affecting shareholder wealth. His research on stock option grants was cited in a front page article of the Wall Street Journal. Anh's other research has also been mentioned in various media outlets including Bloomberg, the New York Times, the Times, Le Monde, Les Echos, the Financial Times, the Economist, etc.

Anh has published research articles in leading journals including Journal of Financial Economics, Journal of Accounting and Economics, Journal of Financial and Quantitative Analysis, and Management Science.

Qualifications

PhD.

Employment

  1. Reader in Finance, Cass Business School, City, University of London, Aug 2015 – present
  2. Senior Lecturer in Finance, Cass Business School, City, University of London, Aug 2012 – Jul 2015
  3. Lecturer in Finance, Cass Business School, City, University of London, Aug 2010 – Jul 2012

Expertise

Primary topics

  • Corporate Finance
  • Corporate Governance
  • Mergers & Acquisitions

Research students

1st supervisor

Liangrong Chunyu

Attendance: Sep 2016 – present, full-time

Role: 1st Supervisor

Siyang Tian

Attendance: Sep 2014 – present, full-time

Role: 2nd Supervisor

Boran Li

Attendance: Sep 2012 – present, full-time

Role: 1st Supervisor

Publications

Journal articles (5)

  1. Keswani, A., Stolin, D. and Tran, A.L. (2017). Frenemies: how do financial firms vote on their own kind? Management Science, 63(3), pp. 631–654. doi:10.1287/mnsc.2015.2314.
  2. Fich, E.M., Rice, E.M. and Tran, A.L. (2016). Contractual revisions in compensation: Evidence from merger bonuses to target CEOs. Journal of Accounting and Economics, 61(2-3), pp. 338–368. doi:10.1016/j.jacceco.2015.12.002.
  3. Fich, E.M., Harford, J. and Tran, A.L. (2015). Motivated monitors: The importance of institutional investors' portfolio weights. Journal of Financial Economics, 118(1), pp. 21–48. doi:10.1016/j.jfineco.2015.06.014.
  4. Fich, E.M., Tran, A.L. and Walkling, R.A. (2013). On the importance of golden parachutes. Journal of Financial and Quantitative Analysis, 48(6), pp. 1717–1753. doi:10.1017/S002210901300063X.
  5. Fich, E.M., Cai, J. and Tran, A.L. (2011). Stock option grants to target CEOs during private merger negotiations. Journal of Financial Economics, 101(2), pp. 413–430. doi:10.1016/j.jfineco.2011.03.010.

Working paper

  1. Tran, A. and Chbihi, R. (2018). Cross-Fertilising in Cross-sector Deals: The Value of Industry Experience of Target Firms’ CEOs. M&A Research Centre, Cass Business School, City, University of London: (MARC Working Paper Series 2018).

Education

Subject/Academic Leadership

- 8.2015 - present, Cass Mergers and Acquisitions Research Centre, Academic Director

Professional activities

Events/conferences (34)

  1. Annual Cass Mergers and Acquisitions Research Centre Conference. (Conference) http://www.cass.city.ac.uk/research-and-faculty/centres/marc (2016). Organising Committee.
  2. University of Surrey. (Seminar) Guildford (2016). Invited speaker.
    Paper: Advertising, attention, and acquisition returns
    Author: Tran A
    Co-authors: Eliezer Fich; Laura Starks
  3. Vietnam International Conference in Finance. (Conference) Danang (2016).
    Paper: Advertising, attention, and acquisition returns
    Author: Tran A
    Co-authors: Eliezer Fich; Laura Starks
  4. University of Reading. (Seminar) Reading (2015).
    Paper: Do acquirers benefit from retaining target CEOs?
    Author: Tran A
    Co-authors: Eliezer Fich; Micah Officer
  5. Vietnam International Conference in Finance. (Conference) Ho Chi Minh City (2015).
    Paper: Do acquirers benefit from retaining target CEOs?
    Author: Tran A
    Co-authors: Eliezer Fich; Micah Officer
  6. Eastern Finance Association. (Conference) New Orleans (2015).
    Paper: Do acquirers benefit from retaining target CEOs?
    Author: Tran A
    Co-authors: Eliezer Fich; Micah Officer
  7. IE Business School. (Seminar) Madrid (2014).
    Paper: Do acquirers benefit from retaining target CEOs?
    Author: Tran A
    Co-authors: Eliezer Fich; Micah Officer
  8. XXII Finance Forum. (Conference) Zaragoza (2014).
    Paper: Do acquirers benefit from retaining target CEOs?
    Author: Tran A
    Co-authors: Eliezer Fich; Micah Officer
  9. Paris Financial Managment. (Conference) Paris (2014).
    Paper: Do acquirers benefit from retaining target CEOs?
    Author: Tran A
    Co-authors: Eliezer Fich; Micah Officer
  10. Financial Management Association. (Conference) Tokyo (2014).
    Paper: Motivated Monitors: The Importance of Institutional Investors’ Portfolio Weights
    Author: Tran A
    Co-authors: Eliezer Fich; Jarrad Harford
  11. European Financial Management Association. (Conference) Rome (2014).
    Paper: Motivated Monitors: The Importance of Institutional Investors’ Portfolio Weights
    Author: Tran A
    Co-authors: Eliezer Fich; Jarrad Harford
  12. European Finance Association. (Conference) Lugano (2014).
    Paper: Motivated Monitors: The Importance of Institutional Investors’ Portfolio Weights
    Author: Tran A
    Co-authors: Eliezer Fich; Jarrad Harford
  13. University of Exeter. (Seminar) Exeter, UK (2013).
    Paper: Endogenous contracting in compensation: Evidence from merger bonuses to target CEOs
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  14. University of Bristol. (Seminar) Bristol, UK (2013).
    Paper: Endogenous contracting in compensation: Evidence from merger bonuses to target CEOs
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  15. XXI Finance Forum. (Conference) Segovia, Spain (2013).
    Paper: Contractual Revisions in Compensation: Evidence from Merger Bonuses to Target CEOs
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  16. Financial Management Association Annual Meetings. (Conference) Luxembourg (2013).
    Paper: Contractual Revisions in Compensation: Evidence from Merger Bonuses to Target CEOs
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  17. Financial Management Association Annual Meetings. (Conference) Chicago, USA (2013).
    Paper: Contractual Revisions in Compensation: Evidence from Merger Bonuses to Target CEOs
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  18. University of Reading. (Seminar) Reading, UK (2012).
    Paper: Merger bonuses, synergies, and target shareholder wealth
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  19. University of Nottingham. (Seminar) Nottingham, UK (2012).
    Paper: Merger bonuses, synergies, and target shareholder wealth
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  20. University of Manchester. (Seminar) Manchester, UK (2012).
    Paper: Merger bonuses, synergies, and target shareholder wealth
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  21. European Centre for Corporate Control Studies, SKEMA. (Seminar) Lille, France (2012).
    Paper: Merger bonuses, synergies, and target shareholder wealth
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  22. Eastern Finance Association Annual Meetings. (Conference) Boston, USA (2012).
    Paper: Merger bonuses, synergies, and target shareholder wealth
    Author: Tran Anh
    Co-authors: Eliezer Fich, Edward Rice
  23. Vlerick Leuven Gent Management School. (Seminar) Belgium (2010).
    Paper: On the importance of golden parachutes
    Author: Tran Anh
    Co-authors: Eliezer Fich, Ralph Walkling
  24. IESEG School of Management. (Seminar) Lille, France (2010).
    Paper: On the importance of golden parachutes
    Author: Tran Anh
    Co-authors: Eliezer Fich, Ralph Walkling
  25. ESCP Europe. (Seminar) Paris, France (2010).
    Paper: On the importance of golden parachutes
    Author: Tran Anh
    Co-authors: Eliezer Fich, Ralph Walkling
  26. Erasmus University. (Seminar) Rotterdam, the Netherlands (2010).
    Paper: On the importance of golden parachutes
    Author: Tran Anh
    Co-authors: Eliezer Fich, Ralph Walkling
  27. Financial Management Association Annual Meetings. (Conference) New York City, New York, US (2010).
    Paper: Blank check acquisitions
    Author: Tran Anh
  28. Eastern Finance Association Annual Meetings. (Conference) Miami, Florida, US (2010).
    Paper: Blank check acquisitions
    Author: Tran Anh
  29. Financial Management Association Annual Meetings Doctoral Consortium. (Conference) Reno, Nevada, US (2009).
    Paper: Blank check acquisitions
    Author: Tran Anh
  30. European Finance Association Annual Meetings. (Conference) Bergen, Norway (2009).
    Paper: Stock option grants to target CEOs during private merger negotiations
    Author: Tran Anh
    Co-authors: Eliezer Fich, Jie Cai
  31. Eastern Finance Association Annual Meetings. (Conference) Washington, DC (2009).
    Paper: Stock option grants to target CEOs during private merger negotiations
    Author: Tran Anh
    Co-authors: Eliezer Fich, Jie Cai
  32. Annual Conference on Empirical Legal Studies. (Conference) USC Law School, Los Angeles, California, US (2009).
    Paper: On the importance of golden parachutes
    Author: Tran Anh
    Co-authors: Eliezer Fich, Ralph Walkling
  33. Financial Management Association Annual Meetings. (Conference) Dallas, Texas, US (2008).
    Paper: Stock option grants to target CEOs during private merger negotiations
    Author: Tran Anh
    Co-authors: Eliezer Fich, Jie Cai
  34. AFFI Finance Annual Meetings. (Conference) Paris, France (2008).
    Paper: Stock option grants to target CEOs during private merger negotiations
    Author: Tran Anh
    Co-authors: Eliezer Fich, Jie Cai

Media appearances (24)

  1. Special purpose, special incentives. (2014) Findings.
  2. Do CEO merger bonuses reduce takeover premiums? (2013) financial news.
  3. CEO's get merger bonus when selling firms cheaply. (2013) news blaze.com (website).
  4. The value of merger bonuses. (2013) fox business.com (website).
  5. Can Huge CEO Golden Parachutes Hurt You. (2012) USNews.com (website).
  6. golden parachute seems to be rusting. (2012) USNews.com (website).
  7. Rip-cord economics. (2012) The Economist (magazine).
  8. Les parachutes dore peuvent nuire aux auctionnaires. (2011) Les Echos (newspaper).
  9. Salaries, actionnaires: meme combat? (2011) Le Monde (newspaper).
  10. Salaries, actionnaires: meme combat? (2011) www.monde.fr (website).
  11. Parachutes dores et rachats d'enterprises. (2011) www.lesechos.fr (website).
  12. Parachute dore et acquisition. (2011) www.banquefinance.fr (website).
  13. Les parachutes dores present sur la performance des patrons. (2011) www.infos.actusite.fr (website).
  14. (2011) www.capgestion.fr (website).
  15. +10% pour un dirigeant sur le dŽpart Žgale -5% pour la sociŽtŽ (Žtude). (2011) www.sicavonline.fr (website).
  16. +10% pour un dirigeant sur le dŽpart Žgale -5% pour la sociŽte (Žtude) :. (2011) Boursorama.
  17. +10% pour un dirigeant sur le dŽpart Žgale -5% pour la sociŽtŽ (Žtude). (2011) www.boursereflex.fr (website).
  18. (2011) zonebourse.
  19. Parachute dore et acquisition. (2011) NewsBanque.
  20. (2011) www.easybourse.fr (website).
  21. Shareholders lose out in takeovers. (2011) www.acqmagazine.com (website).
  22. (2011) Times (newspaper).
  23. (2011) Deal Book.
  24. (2011) Bloomberg.
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