Soares, MargaridaKonter, Daniel Maurice2023-07-282023-07-282023-01-112023-01-11http://hdl.handle.net/10362/155924This 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.engMergers and acquisitionsEuropean M&AAcquisition premiumTarget and acquirer characteristicsMerger momentumDeal characteristicsmaster thesis203311809