Bulajic, Ana (A.A. 2024/2025) ESG enhancement through M&A: an empirical study. Tesi di Laurea in Financial statement analysis, Luiss Guido Carli, relatore Saverio Bozzolan, pp. 54. [Master's Degree Thesis]

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Abstract/Index

Context, relevance and the European setting. Research gap: narratives vs measurable outcomes. Research design overview and identification logic. Literature review and hypothesis development. ESG value relevance and materiality. Why ESG enhancements might work. Why it might not work. Rating divergence and what ESG Scores capture. European context and industry framework. European regulatory architecture and incentives. How M&A changes ESG outcomes in Europe. Industry materiality and transition pressure. Implications for empirical interpretation and case selection. Data, sample construction and methodology. Identifying ESG-oriented deals: coding protocol and reliability. Empirical strategy and complementary analyses. Validity, limitations and interpretation discipline. Empirical results. Qualitative analysis of selected deals. Triangulation logic and the value of selective qualitative analysis. Veolia environment acquires Suez (2021–2022). Schneider electric acquires EcoAct (2023). TotalEnergies acquires full control of Total Eren (2023). KPI disclosure as an implementation signal.

References

Bibliografia: pp. 51-54.

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:	Financial statement analysis
Thesis Supervisor:	Bozzolan, Saverio
Thesis Co-Supervisor:	Magnanelli, Barbara Sveva
Academic Year:	2024/2025
Session:	Extraordinary
Deposited by:	Alessandro Perfetti
Date Deposited:	18 Jun 2026 10:44
Last Modified:	18 Jun 2026 10:44
URI:	https://tesi.luiss.it/id/eprint/46208

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