Anup Basnet

Dr Anup Basnet


Lecturer in Finance
Ph.D. in Business Administration (Finance)
+44 (0)1483 683100
62 MS 02
Mondays 12:00pm - 1:30pm and Thursdays 4:00pm - 5:30pm

Academic and research departments

Department of Finance and Accounting.

Biography

Areas of specialism

Venture Capital, Initial Public Offering, Mergers and Acquisitions, Litigation

University roles and responsibilities

  • Second Year Programme Leader, Accounting and Finance BSc

    My qualifications

    2021
    PhD in Business Administration (Finance)
    Concordia University
    2015
    MSc in Finance
    Hanken School of Economics

    Affiliations and memberships

    AFA, FMA, WFA
    Member

    Research

    Research interests

    My teaching

    My publications

    Highlights

    Anup Basnet, Magnus Blomkvist, Douglas J Cumming (July 2022). 'Premature Listing and Post-IPO Venture Capital Refinancing'. Economics Letters, 216, 110582  https://doi.org/10.1016/j.econlet.2022.110582

     

    Publications

    Anup Basnet, Frederick Davis, Thomas Walker, Kun Zhao (2021) 'The effect of securities class action lawsuits on mergers and acquisitions. Global Finance Journal, 48, 100556
    This paper investigates whether shareholder class action litigation affects the takeover candidacy, premium, and completion rate of mergers and acquisitions involving defendant target firms. We use a comprehensive dataset of publicly traded U.S. firms that became the targets of takeover bids between 1998 and 2016 and find that firms subject to shareholder class action lawsuits within the previous two years are more likely to be targeted for acquisition while commanding a significantly higher premium. Firms that face such litigation after a takeover announcement experience a significant decrease in takeover completion.
    Sergey Barabanov, Anup Basnet, Thomas Walker, Wangchao Yuan, Stefan Wendt (2021) Firm- and country-level determinants of green investments: An empirical analysis. Managerial Finance, 47 (11), 1672-1692
    The authors find that larger firms tend to invest more in green projects, whereas firms that are highly valued or more profitable are less likely to go green. In terms of country-level determinants, we find that the gross domestic product (GDP) per capita and population are positively related with GI, while GDP growth and surface area are negatively associated with GI. Additionally, firms in common-law countries and English-speaking countries make fewer GI than firms in other countries.