Marion Dupire wins ARFA Prize for PhD research
Post-doctoral research associate Marion Dupire has recently won the ARFA prize 2014 for the best M&A thesis. ARFA (Association des Responsables de Fusions – Acquisitions) is the association that unites M&A managers from large companies in France. The prize was granted to her for her PhD dissertation which she received from the University of Lille. The 2,000 euro prize was handed to her at an award ceremony during the annual ARFA Conférence du Printemps in Paris.
Marion is thrilled to receive such recognition for her research: “I see it as a fantastic way to share my findings with M&A practitioners!”. In her PhD – entitled "Competition, a governance mechanism? Effects on merger activity and on corporate social performance” – she investigated whether managers behave more efficiently under competitive pressure. The research raises empirical evidence that when industry competition intensifies, -1- managers have indeed less leeway to behave with opportunism, -2- merger activity becomes more intense and more efficiency-driven, and -3- firms’ societal performance towards environment and society at large is not statistically improved.