Environmental risk and acquisition premiums: evidence from target GHG intensity and country EPI gaps
Turco, Pasquale (A.A. 2024/2025) Environmental risk and acquisition premiums: evidence from target GHG intensity and country EPI gaps. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Saverio Massi Benedetti, pp. 78. [Master's Degree Thesis]
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Abstract/Index
Why the market for corporate control matters. Two channels: exposure and asymmetry. What would it mean for environmental risk to be priced? Empirical approach and preview of results. Literature review. The pricing of corporate control and the bid premium. Carbon emissions as a valuation-relevant risk exposure. From public-market pricing to takeover pricing: why emissions should affect premiums. ESG in M&A: evidence, heterogeneity, and measurement issues. Payment method, risk sharing and climate exposure. Cross-border M&A, institutional distance and environmental frictions. Why European acquirers provide a high-stringency setting. Industry heterogeneity: heavy emitters vs non-heavy industries. Methodology. Sample selection and definition of variables. Variable definitions.
References
Bibliografia: pp. 67-72.
| 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: | Advanced corporate finance |
| Thesis Supervisor: | Massi Benedetti, Saverio |
| Thesis Co-Supervisor: | Da Costa Monteiro, Joao Miguel |
| Academic Year: | 2024/2025 |
| Session: | Extraordinary |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 02 Jul 2026 14:57 |
| Last Modified: | 02 Jul 2026 14:57 |
| URI: | https://tesi.luiss.it/id/eprint/46324 |
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