WAQAR WAFA TARIQ

ワカル, ワファ タリクWAQAR WAFA TARIQ

役職 / Title	助手 / Research Associate
研究部門 / Research Division	グローバル金融研究部門 / Global Finance
学歴 / Education	平成22年10月-平成26年6月 Bachelor's Degree Program, Business School, Bahria University（パキスタン）卒業 令和3年4月-令和3年9月 神戸大学大学院経営学研究科博士課程前期課程修了 令和3年12月-令和4年3月 神戸大学大学院経営学研究科博士課程後期課程修了 令和6年5月- 神戸大学経済経営研究所 助手
学位 / Degree	令和5年3月 博士（経営学）神戸大学
職歴 / Employment History	令和3年10月-令和4年3月 立命館大学チューター 令和4年10月-令和5年3月 立命館大学チューター 令和4年6月-令和5年3月 神戸大学経済経営研究所学生研究支援員 令和5年4月～令和6年3月 神戸大学経済経営研究所学術研究員 令和6年5月～ 神戸大学経済経営研究所 助手
研究分野 / Research Area	Microeconomic Policy Analysis
研究課題 / Research Topic	International business Mergers and acquisitions Cross-border acquisitions Corporate social responsibility Environment, social, and governance performance Sustainability

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研究活動＜概要＞ / Research Activities (Summary)

My research seeks to understand how organizational and contextual factors—such as board size, environmental, social, and governance (ESG) performance—impact the success of acquisitions, especially in terms of whether announced deals are completed or abandoned.

My master’s thesis, published in Managerial and Decision Economics, investigated how the size of an acquiring firm’s board affects acquisition outcomes. Analyzing a sample of 775 cross-border deals, the study found that larger board sizes were generally associated with a lower likelihood of deal abandonment. This relationship was particularly evident in cases where the acquiring firm's home country had lower levels of formal institutional development, suggesting that institutional context moderates the board size-effect on deal completion. This work contributes to group decision-making theory and the institutional view of corporate governance in acquisitions.

As part of my PhD research, I explored the role of ESG performance in acquisitions. A part of my PhD, published in Business Research Quarterly, examined whether the social performance (SP) of multinational enterprises (MNEs) affects the likelihood of cross-border acquisition completion (CBAC). Using a sample of 578 cross-border acquisitions in the noncyclical consumer industry, the study demonstrated that higher SP positively influences CBAC likelihood, especially for large acquirers and public targets. This research enhances our understanding of how social reputation affects acquisition outcomes and is relevant to signaling and stakeholder theories in cross-border mergers and acquisitions (M&A).

In another part of my PhD, published in Review of Managerial Science, I investigated how corporate governance ratings influence acquisition success in European cross-border deals. Based on 1,246 acquisitions, this study found that acquirers with better corporate governance ratings experience higher rates of deal completion, particularly for large acquirers and public target deals. This study leverages agency theory to analyze how corporate governance ratings, provided by agencies like Sustainalytics, serve as signals that reduce perceived acquisition risks for stakeholders.

My research contributes to the fields of corporate governance, ESG, and international M&A by examining how these factors interact to influence acquisition success. These findings are relevant for scholars and practitioners seeking to understand the drivers behind acquisition outcomes and the role of ESG in shaping corporate decision-making and performance in cross-border contexts.

研究業績 / Research Achievements

• 研究業績
  • Published Papers
  • Other Publications
• 報告活動 / Presentations
• 社会活動
  • 所属学会 / Professional Asscociation
• 研究助成金 / Research Grants
• 受賞歴 / Awards
• Scholarships

研究業績 / Research Achievements

論文 / Published Papers

Other Publications

社会活動

所属学会 / Professional Asscociation

• Academy of Management
• Academy of International Business

研究助成金 / Research Grants

受賞歴 / Awards

• 2023
  Kobe University Reserach Award 2023
• 2022
  Wilery Top Cited Article 2020-2021
• 2011
  Pakistan Best Young Blog Award

Scholarships

• Apr 2022 – Mar 2023
  Ichikawa Foundation
• Apr 2021 – Mar 2022
  KDDI Foundation
• Oct 2019 – Mar 2021
  Hyogo International Association