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dc.contributor.authorFritz-Morgenthal, Sebastian G.en_US
dc.contributor.authorHach, Sebastian T.en_US
dc.contributor.authorSchalast, Christophen_US
dc.date.accessioned2010-07-30en_US
dc.date.accessioned2010-08-03T13:11:38Z-
dc.date.available2010-08-03T13:11:38Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/37134-
dc.description.abstractSeveral top deals already closed, a still highly fragmented industry and strong pressure for further consolidation following the financial crisis - renewable energy certainly has become a red-hot topic in M&A. Surveying 220 companies in the solar photovoltaic, utility and financial sector as well as major technology corporations, which are identified as the key industries in the sector-specific takeover market, this working paper proves the common knowledge for the example of photovoltaics. With more than 93% of the respondents, a vast majority expects the M&A environment to further ameliorate and deals to increase. As for the fundamental market drivers, the survey suggests a shift from factors linked to the financial crises towards an increasing impact of general industry-related influences. In contrast, neither the industry sector nor other corporate characteristics are of significant importance. With respect to prevailing takeover strategies, the survey reveals a strong influence of general acquisition motives. However, an empirically significant connection can be determined between the industry sector of potential buyers and the most relevant motivation factors, which allows for the assumption of business-affected takeover strategies that are elaborated on more closely within the working paper. Examining an acquisition focus in terms of the targets' position in the photovoltaic value chain, no statistically valid connection can be observed with either the acquisition motivation or the industry sector of the potential buyer, leaving room for further research.en_US
dc.language.isogeren_US
dc.publisherFrankfurt School of Finance & Management Frankfurt, M.en_US
dc.relation.ispartofseriesWorking paper series // Frankfurt School of Finance & Management 144en_US
dc.subject.jelK12en_US
dc.subject.jelK19en_US
dc.subject.jelK22en_US
dc.subject.jelK29en_US
dc.subject.ddc330en_US
dc.subject.keywordErneuerbare Energienen_US
dc.subject.keywordRenewable Energyen_US
dc.subject.keywordSolarenergieen_US
dc.subject.keywordPhotovoltaiken_US
dc.subject.keywordM&Aen_US
dc.subject.keywordMergeren_US
dc.subject.keywordAcquisitionen_US
dc.subject.keywordKonsolidierungen_US
dc.subject.keywordAkquisitionsstrategieen_US
dc.subject.keywordFinanzkriseen_US
dc.subject.keywordEEGen_US
dc.subject.keywordSolarförderungen_US
dc.subject.keywordEnergiewirtschaften_US
dc.subject.keywordVersorgungssicherheiten_US
dc.subject.keywordEnergieabhängigkeiten_US
dc.subject.keywordNachhaltigkeiten_US
dc.subject.keywordSustainabilityen_US
dc.subject.stwSonnenenergieen_US
dc.subject.stwPhotovoltaikanlageen_US
dc.subject.stwÜbernahmeen_US
dc.subject.stwFusionen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwFörderung regenerativer Energienen_US
dc.subject.stwDeutschlanden_US
dc.titleM&A im Bereich Erneuerbarer Energienen_US
dc.typeWorking Paperen_US
dc.identifier.ppn632139986en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:fsfmwp:144-
Appears in Collections:Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management

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