Financing Corporate Growth in the Renewable Energy Industry

1. Auflage 2013
ISBN: 978-3-631-64420-1
Verlag: Peter Lang

Buch, Englisch, Band 2, 127 Seiten, HC gerader Rücken kaschiert, Format (B × H): 153 mm x 216 mm, Gewicht: 308 g

Reihe: Finanzmärkte und Klimawandel

Financing constraints have been central to the political and economic debate about renewable energy development. This book addresses four related corporate finance questions. The first chapter reviews theoretical considerations and empirical evidence on so-called funding gaps. Chapters two and three analyze the genuine structures of equity and convertible debt offerings in the industry. The final part investigates to what extent business combinations are perceived as a valuable means to company growth. The analysis contains a variety of empirical findings that are novel to existing emerging industry and corporate finance research. It shows that many investors perceive the level of asymmetric information and regulatory risk, as well as the industry’s structure, to be detrimental to renewable energy finance.

Autoren/Hrsg.

Ettenhuber, Christoph

Fachgebiete

• Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen
• Wirtschaftswissenschaften Wirtschaftssektoren & Branchen Energie- & Versorgungswirtschaft Energiewirtschaft: Alternative & Erneuerbare Energien
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung

Inhaltsverzeichnis

Contents: Financing Constraints in the Cleantech Industry: Theory and Evidence – Growth Options, Market Timing and Seasoned Equity Offerings in the Renewable Energy Industry – Signaling with Convertible Debt in the Renewable Energy Industry – M&A-Success in the Renewable Energy Industry.

Über Autor(innen)

Christoph Ettenhuber was a research and teaching assistant at Technische Universität Darmstadt, Chair of Corporate Finance. He now works for a major automotive company.