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Transaction premiums, managerial overconfidence and social responsibility

Honkanen, Emil Otto Adolf LU and Luomala, Ville LU (2020) BUSN79 20201
Department of Business Administration
Abstract
This paper investigates the relationship between transaction premiums paid within M&A and the managerial overconfidence of the acquiring companies. As an additional dimension, the effect of the acquiring firm’s commitment to social responsibility on its overconfidence within an M&A setting is examined. Besides the dyadic relation of deal premiums and managerial overconfidence, the objective is thus also to explore how a premium might be affected by the interaction of the acquirer’s overconfidence and its engagement in promoting the social good.
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author
Honkanen, Emil Otto Adolf LU and Luomala, Ville LU
supervisor
organization
course
BUSN79 20201
year
type
H1 - Master's Degree (One Year)
subject
keywords
M&A, transaction premium, managerial overconfidence, social responsibility, ESG
language
English
id
9021144
date added to LUP
2020-08-21 14:05:08
date last changed
2020-08-21 14:05:08
@misc{9021144,
  abstract     = {This paper investigates the relationship between transaction premiums paid within M&A and the managerial overconfidence of the acquiring companies. As an additional dimension, the effect of the acquiring firm’s commitment to social responsibility on its overconfidence within an M&A setting is examined. Besides the dyadic relation of deal premiums and managerial overconfidence, the objective is thus also to explore how a premium might be affected by the interaction of the acquirer’s overconfidence and its engagement in promoting the social good.},
  author       = {Honkanen, Emil Otto Adolf and Luomala, Ville},
  keyword      = {M&A,transaction premium,managerial overconfidence,social responsibility,ESG},
  language     = {eng},
  note         = {Student Paper},
  title        = {Transaction premiums, managerial overconfidence and social responsibility},
  year         = {2020},
}