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dc.rights.licenseCC-BY-NC-ND
dc.contributor.advisorHan, Yunhui
dc.contributor.authorYovela Athalia Natama Martowidjojo, Yovela
dc.date.accessioned2023-09-06T10:02:06Z
dc.date.available2023-09-06T10:02:06Z
dc.date.issued2023
dc.identifier.urihttps://studenttheses.uu.nl/handle/20.500.12932/45015
dc.description.abstractThis 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.
dc.description.sponsorshipUtrecht University
dc.language.isoEN
dc.subjectA holistic overview of ESG-influenced mergers and acquisitions by looking at periods before, during, and after the ESG-influenced mergers & acquisitions.
dc.titleInvestigating ESG-influenced Mergers and Acquisitions
dc.type.contentMaster Thesis
dc.rights.accessrightsOpen Access
dc.subject.keywordsESG; sustainability; mergers and acquisitions; United States; event study; panel data
dc.subject.courseuuSustainable Finance and Investments
dc.thesis.id23707


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