Southampton Management School

Gerhard Kling

Primary position:
Senior Lecturer in Finance

Gerhard received his PhD (Dr rer pol) in Economics from the University of Tuebingen (Germany) and joined Utrecht University (The Netherlands) as Assistant Professor of Finance and Financial Markets (2004-2006). In 2006, he went into the private sector and worked as Practice Specialist in Corporate Finance & Banking (McKinsey & Company, Germany) (2006-2007). Then he returned into academia and joined Bristol Business School (UWE, UK) as Senior Lecturer in Strategy (2007-2009). In 2009, Gerhard was promoted to a Principal Lecturer in Strategy and Operations Management (2009-2010). On 1st October 2010, he has joined the University of Southampton as a Senior Lecturer in Finance.

Dr Gerhard Kling's photo

The University of Southampton's electronic library (e-prints)

Article

Kling, Gerhard and Weitzel, Utz (2011) The internationalization of Chinese companies: firm characteristics, industry effects and corporate governance. Research in International Business and Finance, 25, (3), 357-372.
Kling, Gerhard, Baten, Joerg and Labuske, Kirsten (2011) FDI of German companies during globalization and deglobalization. Open Economies Review, 22, (2), 247-270. (doi:10.1007/s11079-009-9122-z)
O’Regan, Nicholas and Kling, Gerhard (2011) Technology outsourcing in manufacturing small and medium sized firms: another competitive resource? R&D Management, 41, (1), 92-105. (doi:10.1111/j.1467-9310.2010.00626.x)
Kling, Gerhard and Weitzel, Utz (2010) Endogenous mergers: Bidder momentum and market reaction. Applied Financial Economics, 20, (3), 243-254. (doi:10.1080/09603100903282663)
Kling, Gerhard, Ghobadian, Abby and O’Regan, Nicholas (2009) Organic growth and shareholder value: A case study of the insurance. International Journal of Research in Marketing, 26, (4), 276-283. (doi:10.1016/j.ijresmar.2009.08.002)
Kling, Gerhard and Gao, Lei (2008) Equity transfers and market reactions: Evidence from Chinese stock markets. Journal of Emerging Market Finance, 7, (3), 293-308. (doi:10.1177/097265270800700304)
Kling, Gerhard and Gao, Lei (2008) Corporate governance and tunneling: empirical evidence from China. Pacific-Basin Finance Journal, 16, (5), 591-605. (doi:10.1016/j.pacfin.2007.09.001)
Kling, Gerhard and Gao, Lei (2008) Chinese institutional investors’ sentiment. Journal of International Financial Markets, Institutions & Money, 18, (4), 374-387. (doi:10.1016/j.intfin.2007.04.002)
Kling, Gerhard (2008) Disclosure of mergers without regulatory restrictions: Insider trading in pre-1914 Germany. Economics Bulletin, 7, (2), 1-7.
Kling, Gerhard and Baltzer, Markus (2007) Predictability of future economic growth and the credibility of monetary regimes in Germany, 1870 - 2003. Applied Economics Letters, 14, (6), 401-404. (doi:10.1080/13504850500461456)
Kling, Gerhard (2006) Does the merger paradox exist even without any regulations? Evidence from Germany in the pre-1914 period. Empirica, 33, (5), 315-328. (doi:10.1007/s10663-006-9019-7)
Kling, Gerhard (2006) The long-term impact of mergers and the emergence of a merger wave in pre-World-War I Germany. Explorations in Economic History, 43, (4), 667-688. (doi:10.1016/j.eeh.2005.07.001)
Kling, Gerhard and Gao, Lei (2006) Regulatory changes and market liquidity in Chinese stock markets. Emerging Markets Review, 7, (2), 162-175. (doi:10.1016/j.ememar.2005.11.001)
Kling, Gerhard (2005) The impact of trading mechanisms and stock characteristics on order processing and information costs: A panel GMM approach. Economics Bulletin, 7, (5), 1-11.
Kling, Gerhard (2005) Chinese institutional investors and Kamara’s Monday effect. Journal of Emerging Markets, 10, (3), 40-47.
Kling, Gerhard and Gao, Lei (2005) Calendar effects in Chinese stock market. Annals of Economics and Finance, 6, (1), 75-88.
 

Research Interests

I work in the area of corporate finance and focus on three main topics: (1) Mergers & Acquisitions (M&A), (2) Corporate Governance (CG) and (3) Financial Management (FM). I am an applied econometrician and enjoy modelling. Most of my papers use micro-level data and analyse decision making. The main research questions are related to decision making: (1) Who makes decisions? (2) What are the underlying internal and external drivers? (3) Who influences decisions and why? (4) What is the outcome of decisions? I am interested in time periods and countries that exhibit regulatory changes. Accordingly, I collect historic data (mainly before WWI) to study decision making without too many rules and regulations. I am also interested in emerging markets like China as their undergo considerable change in terms of internal and external governance mechanisms.

Work in progress

(1) M&A and CG: I am working on an empirical paper with Utz Weitzel (Radboud University Nijmegen) that analyses the impact of ownership structure and different types of ownership on the probability to merge.

(2) CG: I contribute to a study on business elites and their pathway to power lead by Mairi Maclean (University of Exeter) and Charles Harvey (Newcastle University).

(3) FM: I am collaborating with Masaki Nakabayashi (University of Tokyo) and Takenobu Yuki (University of Tokyo) to analyse the equity risk premium in Japan and Germany (1870-1913).

Primary research group:  Finance and Banking Research Group

Affiliate research group:  Centre for Risk Research

Dr Gerhard Kling
Southamptpn Management School
University of Southampton
Southampton
SO17 1BJ, UK.

Phone +44 (0)23 8059 5427
Fax +44 (0)23 8059 3844
E-mail g.kling@soton.ac.uk