To what extent are stock-ﬁnanced takeovers opportunistic in the European market?

dc.contributor.author	Gustafsson, John
dc.contributor.author	Håkansson, Jonas
dc.date.accessioned	2019-07-02T11:10:57Z
dc.date.available	2019-07-02T11:10:57Z
dc.date.issued	2019-07-02
dc.identifier.uri	http://hdl.handle.net/2077/60873
dc.description	MSc in Finance	sv
dc.description.abstract	Opportunistic bidding is a phenomena where the bidder uses over-valued stock to acquire a target, which could threaten the eﬃciency in the market of corporate control. By using two hypotheses predicting the opposite outcomes, this thesis investigates whether or not opportunistic bidding behaviour exists in the European market of corporate control. A sample of 773 European bids was used and estimated with Tobit regressions. The size of the bidder was found to decrease the probability to use stock, while the deal size relative to the bidders total as-sets was found to increase the probability of using stock. No conclusion regarding opportunistic behaviour could be made based on the generated result.	sv
dc.language.iso	eng	sv
dc.relation.ispartofseries	Master Degree Project	sv
dc.relation.ispartofseries	MSc in Finance	sv
dc.title	To what extent are stock-ﬁnanced takeovers opportunistic in the European market?	sv
dc.type	Text
dc.setspec.uppsok	SocialBehaviourLaw
dc.type.uppsok	H2
dc.contributor.department	University of Gothenburg/Graduate School	eng
dc.contributor.department	Göteborgs universitet/Graduate School	swe
dc.type.degree	Master 2-years