This study examines the impact of four
major acquisitions related to renewable
energy on the stock value of Total
Energies (TE). A mixed method approach
was adopted, combining qualitative
analysis to understand the drivers behind
these acquisitions and generate
hypotheses about the impact of
acquisition events on stock prices,
followed by an event study approach to
examine abnormal returns on the
company's stock price in the short and
long term. Findings indicate that, in the
short term, these acquisitions resulted in
positive returns for TE indicating that the
market recognised TE's transformation
efforts, but the long-term results were
mixed, which may be due to model and
data limitations. The study also identified
the key role of market forces in driving
the energy transition and the importance
of synergies and diversification of
technology paths in constructing a longterm energy transition strategy. By
conducting a clinical study focused on a
specific energy company, this research
aims to provides in-depth insights and
valuable guidance for other companies in
the sector on using M&A to facilitate
energy transitions, thereby supporting the green transformation of the energy
industry.
Lists
Lists
Loading previews...
