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        Investigating ESG-influenced Mergers and Acquisitions

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        Martowidjojo, YAN_5385865.pdf (694.9Kb)
        Publication date
        2023
        Author
        Yovela Athalia Natama Martowidjojo, Yovela
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        Summary
        This research examines the effects of ESG-influenced mergers and acquisitions (M&A) deals in the United States from 2016-2020. This paper provided a start-to-end overview of ESG-influenced M&A deals by determining the type of acquirer that conduct ESG-influenced M&A deals, the investors reaction towards the deals, and finally the post-merger ESG effects of the deals. The result shows that high acquirers are more likely to conduct ESG-influenced M&A deals, however low acquirers receive a better reaction from investors which supports that they have signalled their sustainability efforts and low acquirers have an increase in post-merger ESG performance, disproving the greenwashing theory and supporting the legitimacy theory.
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        https://studenttheses.uu.nl/handle/20.500.12932/45015
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