Financing Corporate Growth in the Renewable Energy Industry
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Beschreibung
This analysis focuses on financing constraints in the Renewable Energy Industry. It includes a literature review on funding gaps, investigates market timing in seasoned equity offerings, analyzes convertible debt structures, and examines the market impact of business combinations in the industry.
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.
Autor*in
Christoph Ettenhuber
Themen in »Financing Corporate Growth in the Renewable Energy Industry«
convertible debt Corporate Energy equity Ettenhuber Financing funding Growth Industry information Renewable structure