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 TI  Vol.2 No.2 , May 2011
Beginning Consolidation in the Renewable Energy Industry and Bidders’ M & A-Success
Abstract: In this paper we examine stock price reactions to mergers and acquisitions in a particular industry, the renewable energy industry. We focus on acquirers and document positive abnormal returns on a sample of 337 completed M&A-transactions announced during 2000 to 2009. We show that acquirer size, market-to-book ratio and deals announced in the recent financial crisis negatively correlate with acquirer returns. Acquirers from outside the renewable industry tend to earn positive abnormal results
Cite this paper: nullS. Eisenbach, C. Ettenhuber, D. Schiereck and P. Flotow, "Beginning Consolidation in the Renewable Energy Industry and Bidders’ M & A-Success," Technology and Investment, Vol. 2 No. 2, 2011, pp. 81-91. doi: 10.4236/ti.2011.22009.
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