Piras, Michele (A.A. 2024/2025) Do hostile takeovers destroy or create value? An empirical comparison with friendly M&A deals. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Pierluigi Murro, pp. 68. [Master's Degree Thesis]

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Abstract/Index

Literature review. Defining M&A Transactions: friendly vs hostile approaches. Strategic motivations behind hostile takeovers. How can a company resist a hostile takeover? Theoretical perspectives: agency theory, market discipline and overpayment hypothesis. Literature gaps and contribution of this thesis. Theoretical framework. Defining post-M&A performance. Research hypotheses based on previous studies. Key variables and expected relationships. Data and methodology. Sample selection: timeframe, criteria and databases (Bloomberg, Refinitiv LSEG Workspace). Deal classification: distinguishing hostile vs friendly transactions. Measuring post-deal performance (ROA, ROE, EBITDA Margin, revenue growth and stock performance). Independent and control variables (firm size, industry, cross-border). Econometric methodology: OLS regression. Empirical analysis. Descriptive statistics. Bivariate analysis: deal type vs performance indicators.

References

Bibliografia: pp. 65-67.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair:	Advanced corporate finance
Thesis Supervisor:	Murro, Pierluigi
Thesis Co-Supervisor:	Core, Fabrizio
Academic Year:	2024/2025
Session:	Autumn
Deposited by:	Alessandro Perfetti
Date Deposited:	29 Jan 2026 14:54
Last Modified:	29 Jan 2026 14:54
URI:	https://tesi.luiss.it/id/eprint/44716

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