Publicação
Determinants of acquisition premiums: a comparative analysis across sectors
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Desai, Pranav | |
| dc.contributor.author | Rink, Lukas Marcus | |
| dc.date.accessioned | 2025-08-13T08:52:40Z | |
| dc.date.available | 2025-08-13T08:52:40Z | |
| dc.date.issued | 2025-01-24 | |
| dc.date.submitted | 2025-01-15 | |
| dc.description.abstract | This study examines M&A premiums using a global model and sector-specific regressions on over 3,000 transactions. Categorizing firm-level, macro-level, and deal-specific variables, the findings show that forward-looking metrics - growth prospects, bidder competition, ownership stakes - often outweigh traditional profitability measures. Interest rates and market concentration exhibit sector-driven impacts, highlighting the complexity of market power and regulatory constraints. Deal-specific factors such as stock-based offers consistently yield premium discounts, while cross-border status surprisingly lacks significance. Sector-specific models outperform the global baseline, emphasizing the need to account for industry nuances when valuing M&A transactions. | pt_PT |
| dc.identifier.tid | 203961056 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/186376 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | UID/ECO/00124/2013 | pt_PT |
| dc.subject | Acquisition premiums | pt_PT |
| dc.subject | Mergers and Acquisitions (M&A) | pt_PT |
| dc.subject | Industry comparison | pt_PT |
| dc.subject | Determinants and drivers | pt_PT |
| dc.subject | Corporate finance | pt_PT |
| dc.title | Determinants of acquisition premiums: a comparative analysis across sectors | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economics | pt_PT |