A carregar...
Publicação
Exploration of esg growth as a driver behind mergers and acquisitions
| Nome: | Descrição: | Tamanho: | Formato: | |
|---|---|---|---|---|
| 600.09 KB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
This thesis investigates the association between ESG scores and M&A activity. This is done by
evaluating whether low-ESG acquirors target high-ESG firms to enhance their ESG ratings. A
sample of 151 M&A deals between 2010 and 2018 is used for which ESG data for targets and
acquirors, as well as post-acquisition scores, are available. Through utilizing quantitative
analyses and ESG scores as key measures, the study concludes that the acquirors’ ESG scores
do not increase within one year post-deal-announcement but suggests that acquirors target firms
with higher ESG scores than their own.
Descrição
Palavras-chave
Corporate finance Mergers and acquisitions Esg (environment) Social and governance) Csr (corporate social responsibility) Corporate governance