An empirical investigation of the determinants of acquisition premia on the european merger market

Detalhes bibliográficos
Autor(a) principal: Konter, Daniel Maurice
Data de Publicação: 2023
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/155924
Resumo: This study examines how variables proposed by related literature affect the acquisition premium on the European merger market. In particular, the determinants of premia were investigated from several viewpoints based on a sample of 493 transactions. Results (i) confirm recent findings to a large extent; however, some variables lose explanatory power when controlling for external influences. (ii) The value of control and stock market momentum statistically explain the European acquisition premium best. (iii) The European acquisition premium is slightly higher than in the US, despite similar determinants.
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spelling An empirical investigation of the determinants of acquisition premia on the european merger marketMergers and acquisitionsEuropean M&AAcquisition premiumTarget and acquirer characteristicsMerger momentumDeal characteristicsDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis study examines how variables proposed by related literature affect the acquisition premium on the European merger market. In particular, the determinants of premia were investigated from several viewpoints based on a sample of 493 transactions. Results (i) confirm recent findings to a large extent; however, some variables lose explanatory power when controlling for external influences. (ii) The value of control and stock market momentum statistically explain the European acquisition premium best. (iii) The European acquisition premium is slightly higher than in the US, despite similar determinants.Soares, MargaridaRUNKonter, Daniel Maurice2023-07-28T10:33:17Z2023-01-112023-01-112023-01-11T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/155924TID:203311809enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:38:31Zoai:run.unl.pt:10362/155924Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:56:16.310243Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv An empirical investigation of the determinants of acquisition premia on the european merger market
title An empirical investigation of the determinants of acquisition premia on the european merger market
spellingShingle An empirical investigation of the determinants of acquisition premia on the european merger market
Konter, Daniel Maurice
Mergers and acquisitions
European M&A
Acquisition premium
Target and acquirer characteristics
Merger momentum
Deal characteristics
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short An empirical investigation of the determinants of acquisition premia on the european merger market
title_full An empirical investigation of the determinants of acquisition premia on the european merger market
title_fullStr An empirical investigation of the determinants of acquisition premia on the european merger market
title_full_unstemmed An empirical investigation of the determinants of acquisition premia on the european merger market
title_sort An empirical investigation of the determinants of acquisition premia on the european merger market
author Konter, Daniel Maurice
author_facet Konter, Daniel Maurice
author_role author
dc.contributor.none.fl_str_mv Soares, Margarida
RUN
dc.contributor.author.fl_str_mv Konter, Daniel Maurice
dc.subject.por.fl_str_mv Mergers and acquisitions
European M&A
Acquisition premium
Target and acquirer characteristics
Merger momentum
Deal characteristics
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Mergers and acquisitions
European M&A
Acquisition premium
Target and acquirer characteristics
Merger momentum
Deal characteristics
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This study examines how variables proposed by related literature affect the acquisition premium on the European merger market. In particular, the determinants of premia were investigated from several viewpoints based on a sample of 493 transactions. Results (i) confirm recent findings to a large extent; however, some variables lose explanatory power when controlling for external influences. (ii) The value of control and stock market momentum statistically explain the European acquisition premium best. (iii) The European acquisition premium is slightly higher than in the US, despite similar determinants.
publishDate 2023
dc.date.none.fl_str_mv 2023-07-28T10:33:17Z
2023-01-11
2023-01-11
2023-01-11T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/155924
TID:203311809
url http://hdl.handle.net/10362/155924
identifier_str_mv TID:203311809
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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