| dc.contributor.author | Petersson, Joel | |
| dc.contributor.author | Tjällman, Alexandra | |
| dc.date.accessioned | 2022-06-30T13:04:50Z | |
| dc.date.available | 2022-06-30T13:04:50Z | |
| dc.date.issued | 2022-06-30 | |
| dc.identifier.uri | https://hdl.handle.net/2077/72489 | |
| dc.description | MSc in Accounting and Financial Management | en_US |
| dc.description.abstract | This thesis examines the relationship between target firms' ESG performance and M&A
premium. This is done through three multivariate regression analyses. The results show that
target shareholder wealth during takeovers is positively related to the governance score of the
target firm. Looking at the results when the acquirer is public, the findings show that the
M&A premium is positively linked to the overall ESG score of the target company, as well as
the environmental and social score. Further, we find that target companies benefit from being
acquired by companies with higher environmental scores than themselves, as this proves to
generate a higher M&A premium. This insight gives support for the shareholder theory. | en_US |
| dc.language.iso | eng | en_US |
| dc.relation.ispartofseries | 2022:45 | en_US |
| dc.title | Does ESG performance influence M&A premium? - A quantitative study of the ESG impact on M&A premium, using an international sample for deals announced from 2003-to 2021 | en_US |
| dc.type | Text | |
| dc.setspec.uppsok | SocialBehaviourLaw | |
| dc.type.uppsok | H2 | |
| dc.contributor.department | University of Gothenburg/Graduate School | eng |
| dc.contributor.department | Göteborgs universitet/Graduate School | swe |
| dc.type.degree | Master 2-years | |
