The impact of ESG on global M&A

Leccese, Davide (A.A. 2021/2022) The impact of ESG on global M&A. Tesi di Laurea in M&A and investment banking, Luiss Guido Carli, relatore Leone Pattofatto, pp. 74. [Master's Degree Thesis]

Full text for this thesis not available from the repository.


Theoretical background and literature review. From CSR to ESG. What constitutes ESG. ESG and company value. The principles of ESG investing. ESG and M&A. Hypotheses. Hypothesis 1: target ESG compliance increases the likelihood of completion of the deal. Hypothesis 2a: target ESG compliance increases the deal premiums the acquirer is willing to pay for the takeover. Hypothesis 2b: target ESG compliance is already incorporated in the share price. Hypothesis 3: target ESG compliance affects the method of payment used in the transaction. Hypothesis 4: target ESG compliance positively affect the returns of the acquiror. Database and sample construction. Methodology. Results.


Bibliografia: pp. 58-60.

Thesis Type: Master's Degree Thesis
Institution: Luiss Guido Carli
Degree Program: Master's Degree Programs > Master's Degree program in Corporate Finance, English language (LM-77)
Chair: M&A and investment banking
Thesis Supervisor: Pattofatto, Leone
Thesis Co-Supervisor: Donzelli, Andrea
Academic Year: 2021/2022
Session: Autumn
Deposited by: Alessandro Perfetti
Date Deposited: 16 Feb 2023 15:06
Last Modified: 16 Feb 2023 15:06


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