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005 20250818130249.0
010   $a3-658-46930-7
024 7 $a10.1007/978-3-658-46930-6
035   $a(CKB)40378280900041
035   $a(MiAaPQ)EBC32265630
035   $a(Au-PeEL)EBL32265630
035   $a(DE-He213)978-3-658-46930-6
035   $a(OCoLC)1549519578
035   $a(EXLCZ)9940378280900041
100   $a20250818d2025      u|         0
101 0 $aeng
135   $aur|||||||||||
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 10$aEssays on German and US Contemporary Investor Returns /$fby Mia Kesselman-Evans
205   $a1st ed. 2025.
210  1$aWiesbaden :$cSpringer Fachmedien Wiesbaden :$cImprint: Springer Gabler,$d2025.
215   $a1 online resource (358 pages)
225 0 $aBusiness and Economics (German Language) Series
311 08$a3-658-46929-3 
327   $aIntroduction -- Flying High or Flying Low? A Sector Analysis of High ESG and Low ESG Portfolios of US Stocks -- Does ESG Really Matter? A Sector Analysis of ESG and NoESG Portfolios of US Stocks -- Price and Probability ? Evidence from the German Takeover Market -- Summary and Conclusion.
330   $aThis book investigates investor returns focusing on the impact of ESG ratings on stock performance in the US, and on the success probability of public takeovers in Germany. The first paper explores whether US stocks with high ESG ratings yield higher returns than stocks with low ESG ratings. To create a more homogeneous and comparable analysis framework, data is split by eleven GICS industry sectors. The results show that low ESG stocks outperform high ESG stocks in terms of alpha, while high ESG stocks demonstrate both lower volatility and lower tail risk. The second paper extends the first analysis by comparing ESG and NoESG US stock portfolios across eleven GICS sectors. Consistent with the first study, NoESG stocks yield higher alphas, while ESG stocks show lower volatility and lower tail risk. The third paper shifts the focus to the German takeover market and analyzes the effect of offer premiums on success probability in public takeover offers. By calculating abnormal returns from takeover announcements, the author constructs a "premium return line" (PRL), showing that merger arbitrage provides a profitable spread between abnormal returns and premiums to investors. About the Author Mia Kesselman-Evans currently works for a DAX-listed healthcare firm and leverages her experience from investment banking (M&A) and a B.Sc. in chemistry. She completed her Ph.D. in finance under the supervision of Prof. Ra?a Karapand?a at EBS Business School in Oestrich-Winkel, Germany.
606   $aCorporate governance
606   $aCorporate Governance
615  0$aCorporate governance.
615 14$aCorporate Governance.
676   $a332.63220973
700   $aKesselman-Evans$b Mia$01844002
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9911021148703321
996   $aEssays on German and US Contemporary Investor Returns$94426171
997   $aUNINA