Acquirers´ value creation in Green M&A Deals: a cross-sectional analysis of North America and Europe

التفاصيل البيبلوغرافية
العنوان: Acquirers´ value creation in Green M&A Deals: a cross-sectional analysis of North America and Europe
المؤلفون: Klemp, August
المساهمون: Demirci, Irem, RUN
سنة النشر: 2020
مصطلحات موضوعية: Green, M&A, Value creation, Accounting-based performance measures, Domínio/Área Científica::Ciências Sociais::Economia e Gestão
الوصف: This thesis seeks to investigate acquirers’ post-acquisition performance when buying a "green"company, looking specifically at differences between North America and Europe. I conductcross-sectional OLS analyses on 423 deals in North America and Europe, between 2000 and2016, focusing on accounting-based performance measures. My results suggest acquirers arebetter off buying a green company in North America rather than Europe, despite having to payhigher transaction premiums for companies with lower average ESG scores across the pond.However, my findings fail to confirm previous research that acquiring green companies createsvalue for bidders in the first place.
Contents Note: TID:202502198
وصف الملف: application/pdf
اللغة: English
الاتاحة: http://hdl.handle.net/10362/104153
Rights: open access
رقم الانضمام: rcaap.com.unl.run.unl.pt.10362.104153
قاعدة البيانات: RCAAP