Coronapandemins påverkan på val av betalningsmetod vid M&A-affärer En jämförelse av högteknologiska branscher och övriga branscher

Sammanfattning: The aim of this study is to increase the knowledge regarding mergers and acquisitions (M&A) on the Swedish public market during the Covid-19 pandemic. The study focuses on examining whether the payment methods in M&As differ between high-tech industries and other industries. Also, the study discusses and analyzes the impact of various variables on the cumulative abnormal return (CAR). Previous research has shown that different methods of payment indicate the value of a company. In result, the CAR regarding the M&A event differs in different industries. The study uses a quantitative analysis method, collecting data from different databases. Findings show that high-tech industries and other industries used similar payment methods. Moreover, there is no variable in the regression analysis that statistically shows why high-tech industries have higher CAR than other industries nor that common equity (stock) delivers higher returns. However, there were multiple control variables that showed statistical significance and explained CAR, for instance market value and deal value. Furthermore, no conclusion can be drawn regarding if the method of payment affects CAR, due to insignificant variables.