Leonidas G. Barbopoulos

University of Edinburgh

Associate Professor of Finance

University of Edinburgh Business School

29 Buccleuch Place

Edinburgh, Scotland EH8 9JS

United Kingdom

SCHOLARLY PAPERS

19

DOWNLOADS

446

SSRN CITATIONS

3

CROSSREF CITATIONS

3

Scholarly Papers (19)

1.

Market Efficiency in the Age of Machine Learning

NYU Stern School of Business Forthcoming
Number of pages: 58 Posted: 02 Mar 2021 Last Revised: 27 Apr 2021
Leonidas G. Barbopoulos, Rui Dai, Tālis J. Putniņš and Anthony Saunders
University of Edinburgh, Wharton Research Data Services (WRDS), University of Technology Sydney (UTS) and New York University - Leonard N. Stern School of Business
Downloads 304 (123,489)

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Market efficiency; Information acquisition; Artificial intelligence; Algorithmic trading

2.

The Mystique of the Boutiques: The Wealth Effects of Boutique Banks in Mergers and Acquisitions

Number of pages: 40 Posted: 02 Apr 2020 Last Revised: 03 Mar 2021
Samer Adra, Leonidas G. Barbopoulos and Elie Menassa
University of Birmingham, University of Edinburgh and University of Balamand
Downloads 57 (442,800)

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Financial advisors; Boutique banks; Mergers and Acquisitions; Private target companies; Small public targets; Abnormal returns

3.

Does CEO Acquisition-Selectivity Skill Matter to Firm Value?

Number of pages: 56 Posted: 01 Nov 2018
Leonidas G. Barbopoulos and John A. Doukas
University of Edinburgh and Old Dominion University - Strome College of Business
Downloads 51 (465,389)
Citation 1

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CEO acquisition selectivity skill, corporate takeovers, abnormal returns, post-merger efficiency gains, investment (in)efficiency

4.

The Informational Consequences of Good and Bad Mergers

Number of pages: 35 Posted: 23 Mar 2021
Samer Adra and Leonidas G. Barbopoulos
University of Birmingham and University of Edinburgh
Downloads 32 (553,194)

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Stock price informativeness; Endogenous information production; Mergers and Acquisitions; Analyst coverage; Tobin’s Q

5.

Earnout Deals: Method of Initial Payment and Acquirers’ Gains

European Financial Management, Vol. 24, Issue 5, pp. 792-828, 2018
Number of pages: 37 Posted: 16 Nov 2018
Leonidas G. Barbopoulos, Krishna Paudyal and Puliyur Sudarsanam
University of Edinburgh, University of Strathclyde and Cranfield University - School of Management
Downloads 1 (778,604)
Citation 1
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acquirers’ gains, asymmetric information, earnout contracts, initial payment in earnout deals

6.

The Role of Earnout Financing on the Valuation Effects of Global Diversification

Journal of International Business Studies, Vol. 49, Issue 5, 2018
Number of pages: 29 Posted: 13 Jun 2018
Jo Danbolt, Dimitris Alexakis and Leonidas G. Barbopoulos
University of Edinburgh Business School, Independent and University of Edinburgh
Downloads 1 (778,604)
Citation 1
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cross-border acquisitions (CBAs), first-time CBAs (FTCBAs), multinational corporations (MNCs) and enterprises (MNEs), contingent earnouts, event study

7.

Earnout Financing in the Financial Services Industry

International Review of Financial Analysis, Vol. 47, 2016
Posted: 16 Mar 2021
Leonidas G. Barbopoulos, Philip Molyneux and John O. S. Wilson
University of Edinburgh, University of Sharjah - College of Business Administration and University of St. Andrews

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Earnouts, Acquisitions of financial institutions, Propensity score matching, Rosenbaum-bounds

8.

Relative Equity Market Valuation Conditions and Acquirers’ Gains

Andriosopoulos, D., and L.G Barbopoulos, Relative Equity Market Valuation Conditions and Acquirers’ Gains, Review of Quantitative Finance and Accounting volume 49, pages 855–884 (2017).
Posted: 16 Mar 2021
Dimitris Andriosopoulos and Leonidas G. Barbopoulos
Strathclyde Business School and University of Edinburgh

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Acquirers’ gains, Relative equity market valuation conditions, Abnormal returns, Post-merger performance

9.

Liquidity and Information Asymmetry Considerations in Corporate Takeovers

Adra, S., and L.G., Barbopoulos, Liquidity and Information Asymmetry Considerations in Corporate Takeovers, The European Journal of Finance 2019, VOL. 25, NO. 7, 724–743 https://doi.org/10.1080/1351847X.2018.1543202
Posted: 16 Mar 2021
Samer Adra and Leonidas G. Barbopoulos
University of Birmingham and University of Edinburgh

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Stock market liquidity, Listed targets, Private targets, Method of payment, Takeover premia, Risk-adjusted returns

10.

Do Corporations Learn from Mispricing? Evidence from Takeovers and Corporate Performance

International Review of Financial Analysis, Vol. 68, 2020
Posted: 16 Mar 2021
Samer Adra and Leonidas G. Barbopoulos
University of Birmingham and University of Edinburgh

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Mispricing, Information, Acquisitions, Acquirer returns, Corporate profits

11.

Foreign Direct Investment in Emerging Markets and Acquirers’ Value Gains

Leonidas Barbopoulos, Andrew Marshall, Cameron MacInnes, Patrick McColgan, Foreign Direct Investment in Emerging Markets and Acquirers’ Value Gains, International Business Review, Volume 23, Issue 3, 2014, Pages 604-619, ISSN 0969-5931, https://doi.org/10.1016/j.ibusrev.2013.10.003. (https:/
Posted: 16 Mar 2021
Leonidas G. Barbopoulos, Andrew P. Marshall, Cameron MacInnes and Patrick McColgan
University of Edinburgh, University of Strathclyde - Strathclyde Business School, University of Strathclyde and University of Strathclyde

Abstract:

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Announcement period returns, Corruption, Emerging markets, Foreign direct investment, Physical assets, Political risk

12.

The Impact of Monetary Policy on M&A Outcomes

Journal of Corporate Finance, Vol. 62, 2020, NYU Stern School of Business Forthcoming
Posted: 16 Mar 2021
Samer Adra, Leonidas G. Barbopoulos and Anthony Saunders
University of Birmingham, University of Edinburgh and New York University - Leonard N. Stern School of Business

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Federal funds rate, Expected financing cost, Monetary policy uncertainty, Real options, Mergers and Acquisitions (M&As), Acquirer abnormal returns, M&A completions

13.

The Valuation Effects of Investor Attention in Stock-Financed Acquisitions

Journal of Empirical Finance, Vol. 45, 2018
Posted: 16 Mar 2021
Samer Adra and Leonidas G. Barbopoulos
University of Birmingham and University of Edinburgh

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Investor attention, Corporate takeovers, Payment method, Acquirer abnormal returns

14.

The Role of Real Options in the Takeover Premia in Mergers and Acquisitions

International Review of Economics & Finance, Vol. 61, 2019
Posted: 16 Mar 2021
Leonidas G. Barbopoulos, Louis T. W. Cheng, Yi Cheng and Andrew P. Marshall
University of Edinburgh, The Hang Seng University of Hong Kong - Department of Economics and Finance, Hong Kong Polytechnic University and University of Strathclyde - Strathclyde Business School

Abstract:

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Real options, Takeover premia, Acquirer abnormal returns, Target abnormal returns

15.

The Earnout Structure Matters: Takeover Premia and Acquirer Gains in Earnout Financed M&As

International Review of Financial Analysis, Vol. 45, 2016
Posted: 16 Mar 2021
Leonidas G. Barbopoulos and Samer Adra
University of Edinburgh and University of Birmingham

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Earnout financing; Information asymmetry; Takeover premia; Abnormal returns; Propensity Score Matching; Rosenbaum-bounds

16.

Legal Systems and Gains from Cross-Border Acquisitions

Journal of Business Research, Vol. 65, 2012
Posted: 16 Mar 2021
Leonidas G. Barbopoulos, Krishna Paudyal and Gioia Pescetto
University of Edinburgh, University of Strathclyde and University of Portsmouth

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Cross-border mergers and acquisitions; Legal tradition; Investor protection; Capital mobility; Exchange rate dynamics

17.

Determinants of Earnout as Acquisition Payment Currency and Bidder's Value Gains

Journal of Banking and Finance, Vol. 36, 2012
Posted: 16 Mar 2021
Leonidas G. Barbopoulos and Puliyur Sudarsanam
University of Edinburgh and Cranfield University - School of Management

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Earnout, Acquisition performance, Method of payment, Information asymmetry, Valuation risk

18.

Macroeconomic News and Acquirer Returns in M&As: The Impact of Investor Alertness

Journal of Corporate Finance, Vol. 64, 2020
Posted: 02 Mar 2021 Last Revised: 03 Mar 2021
Leonidas G. Barbopoulos, Samer Adra and Anthony Saunders
University of Edinburgh, University of Birmingham and New York University - Leonard N. Stern School of Business

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Macroeconomic indicators, Investor attention, Mergers and acquisitions (M&As), Small deals, Risk-adjusted returns, Buy-and-hold abnormal returns

19.

Incentive‐Compatible Contracts in Merger Negotiations: The Role of Acquirer Idiosyncratic Stock Return Volatility

Financial Markets, Institutions & Instruments, Vol. 29, Issue 1, pp. 3-40, 2020
Number of pages: 38 Posted: 20 May 2020
Dimitris Alexakis and Leonidas G. Barbopoulos
Independent and University of Edinburgh
Downloads 0 (795,614)
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acquirer idiosyncratic stock return volatility (sigma), earnouts, information asymmetry, propensity score matching (PSM), risk‐adjusted returns