European evidence on the profitability and characteristics of merger arbitrage
Votta, Lorenzo (A.A. 2021/2022) European evidence on the profitability and characteristics of merger arbitrage. Tesi di Laurea in Chair of alternative investments, Luiss Guido Carli, relatore Marco Morelli, pp. 112. [Master's Degree Thesis]
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Abstract/Index
Alternative investments industry. Event-driven hedge funds. Merger arbitrage. M&A deal types and relative merger arbitrage strategy. Risks in merger arbitrage. Literature review. The efficient market hypothesis and its developments. Profitability and risk-return characteristics of merger arbitrage. Limitations of earlier literature on merger arbitrage. Research question and sub-questions. Research data and analysis. Country data: Western Europe M&A. Deal data: all-cash deals, all-stock deals, mixed deals. Portfolio returns. Portfolio construction. Comparing profitability between deal types. Real-life merger arbitrage simulations: William Hill-888, Luxottica-Essilor, Twitter-Musk.
References
Bibliografia: pp. 92-96.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree Program in Economics and Finance (LM-56) |
| Chair: | Chair of alternative investments |
| Thesis Supervisor: | Morelli, Marco |
| Thesis Co-Supervisor: | Carlini, Federico Carlo Eugenio |
| Academic Year: | 2021/2022 |
| Session: | Autumn |
| Uncontrolled Keywords: | Tesi discussa all'estero. |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 25 Jan 2023 14:49 |
| Last Modified: | 25 Jan 2023 14:49 |
| URI: | https://tesi.luiss.it/id/eprint/34738 |
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