M&A Activity, Divestitures and Initial Public Offerings in the Fashion Industry

ISBN-13: 9783631621103 / Angielski / Twarda / 2012 / 108 str.

Steffen Meinshausen

Opis

This thesis analyzes four individual corporate finance-related research objectives on the fashion and leather accessories industry. The first two studies investigate the share price reactions of strategic bidder M&A transactions and their key drivers. The third study analyzes the implications of a missed disposal opportunity in the luxury fashion segment. Finally, the fourth study illustrates the long-term performance and changes in systematic risk exposure of initial public offerings in the fashion industry. The thesis contains a variety of empirical findings that are novel to the existing literary base of corporate finance research. It shows the various drivers of consolidation in a highly-dynamic and heterogeneous industry segment over the course of the last two decades.

Spis treści

Contents: Fashion and accessories industry - Mergers & Acquisitions - Divestitures - Initial Public Offerings (Ipos) - Systematic Risk Changes - Beta Development - Idiosyncratic Risk Exposure - Takeover Frequency - Behavioral Finance - Loss Aversion - Status Quo Bias.

O autorze

Steffen Meinshausen completed his studies of business administration at the Private University of Applied Sciences in Göttingen. He was a research and teaching assistant at Darmstadt University of Technology until 2012 where he also finalized his doctoral thesis. He is now working for a leading global investment bank in Frankfurt am Main.