Desai, PranavRink, Lukas Marcus2025-08-132025-08-132025-01-242025-01-15http://hdl.handle.net/10362/186376This 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.engAcquisition premiumsMergers and Acquisitions (M&A)Industry comparisonDeterminants and driversCorporate financemaster thesis203961056