Boosting ESG scores with M&A?
Keywords
Loading...
Authors
Issue Date
2025-07-04
Language
en
Document type
Journal Title
Journal ISSN
Volume Title
Publisher
Title
ISSN
Volume
Issue
Startpage
Endpage
DOI
Abstract
Abstract
This paper examines the question whether acquiring a target with a high ESG score increases the ESG score of the acquirer. Using panel data of 735 mergers worldwide, from 2003 through 2023, I find insignificant results with regard to the hypothesis that acquiring a high ESG target increases acquirer ESG scores. Furthermore, this research examines the effects of performing a merger on acquirer ESG scores, irrespective of target ESG. Using a market control group of 1154 companies this paper finds inconsistent results. Further research should delve more into this topic. This research should be of great interest to scholars interested in the effect of M&A on ESG performance, corporate managers that involve in ESG practices. And also to policy makers, because policy affecting M&A might in turn effect ESG practices of companies. This is especially important because countries are trying to reach their SDG’s.
Description
Citation
Supervisor
Faculty
Faculteit der Managementwetenschappen