Contact

Postal Address

ESCP Europe 
Wirtschaftshochschule Berlin
Lehrstuhl für Finanzierung und Investition
Heubnerweg 8-10
14059 Berlin

Arriving


Chair of Finance

Team & Contact

Maximilian Speidel

Maximilian Speidel M.Sc.

Phone +49-30-3 20 07-169
Fax +49-30-3 20 07-131
mspeidel@escpeurope.eu

Academic Background

Since 09/2016: Research Assistant and PhD Student, Chair for Finance (Prof. Dr. Pape), ESCP Europe Berlin 

2014-2016: Master in Management, ESCP Europe Business School, Stations: Paris, London and Berlin

 

2010-2014: Bachelor in Economics, University Bonn, Majors: Microeconomics

Dissertation Project

 

Value Creation through M&A in Germany

Companies face stronger competitive pressure due to an increasing need for internationalization and digitalization. In response to that pressure most companies seek new paths to growth by acquiring promising innovative firms and therefore relying on inorganic growth. While most M&A deals create value for the target company’s shareholders, many deals fail to deploy value for the acquiring firm.

The research project targets to identify determinants of successful M&A deals of German listed companies (DAX, MDAX, TecDAX) for the 2000 to 2015 period. By applying inter-industry relatedness coefficients to identify the relationship between acquirer and target (horizontal, forward/backward vertical, diversification), we seek to conduct a segmented event study to evaluate different M&A types and their value contribution from an acquirer perspective.

Practical Experience

  • Start-up Founder: Christian und Maximilian Speidel GbR
  • PwC, Hannover (Internship)