Essays about: "Financial Mergers"

Showing result 26 - 30 of 91 essays containing the words Financial Mergers.

  1. 26. Are Acquirers Willing to Pay More for Strong ESG Performance?

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Nadine Kranck; Sofie Lehtimäki; [2020]
    Keywords : Mergers and Acquisitions; Takeover Premium; ESG; CSR; Sustainability;

    Abstract : We examine whether environmental, social and governance (ESG) performance impacts European companies' deal premiums in 171 control bids during the past 10 years (2010-2019). Our sample consists of bids where an acquirer is seeking a majority stake of a public target firm for a transaction value exceeding USD 100 million. READ MORE

  3. 27. Evaluating the Viability of Merger Arbitrage in Nordic Equities

    University essay from Uppsala universitet/Nationalekonomiska institutionen

    Author : Victor Hansen; Erik Lindholm-Röjestål; [2019]
    Keywords : Merger arbitrage; Nordic equity market; Mergers Acquisitions; Risk arbitrage; Cash mergers;

    Abstract : This thesis aims to examine whether a merger arbitrage strategy is able to generate market neutral alpha in the Nordic region. Similar studies of merger arbitrage strategies in both the US and Australian market find market neutral alpha. READ MORE

  4. 28. The dark and bright side of M&As - : Acquiring managers perception of M&A outcomes

    University essay from Uppsala universitet/Företagsekonomiska institutionen

    Author : Richard Ohlin; Emma Pettersson; [2019]
    Keywords : Mergers and acquisitions; M A outcome; value creation; expectations; managerial position;

    Abstract : The purpose of this thesis is to examine how the outcome of mergers and acquisitions are perceived from different managerial positions in the acquiring firm and how managerial expectations can affect the perception of the outcome. Empirical data were gathered through an explorative multiple case study of five acquisitions at three companies by interviewing eight managers at different positions as well as reviewing secondary data. READ MORE

  5. 29. Mergers and Acquisitions and Default Risk: Evidence from Western European Financial Sector

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Teemu Mäkiaho; Henri Rikhard Kiviniemi; [2019]
    Keywords : M A; Default Risk; Merton Model; Probability of Default; Distance-to-Default; Financial Sector; Business and Economics;

    Abstract : The purpose of this paper is to examine the impact of mergers and acquisitions on the default risk of acquiring companies. The sample consists of 276 transactions carried out between 2010 and 2018 by acquirers from Western European financial sector. READ MORE

  6. 30. The effect of acquired company EBITDA on the deal value within M&A context : A study on the Pharmaceutical sector

    University essay from Högskolan i Jönköping/IHH, Nationalekonomi

    Author : Armand-Valeriu Perianu; Constantin Copãceanu; [2019]
    Keywords : Merger; Acquisition; Pharmaceutical; EBITDA multiple; Deal value; Synergy;

    Abstract : This thesis examines the impact of the valuation multiple ‘earnings before interest, taxes, depreciation and amortization’ (EBITDA) on the ‘merger and acquisition’ (M&A) activity and deal value. For small firms, mergers are primarily an exit strategy for firms in financial trouble, as indicated by few marketed products and low cash-sales ratios. READ MORE