Do Mergers and Acquisitions Increase Shareholder value? – An Event Study of companies within the renewable energy/cleantech industry
This thesis research whether mergers and acquisitions in the renewable energy industry create value for the acquiring firms’ shareholders. To research this, an event study methodology has been employed where three different event windows are studied in the short term, and one event window is studied in the long term. All acquirers are listed in either Europe or the US, and the short-term samples c
