Does CSR influence M&A target choices? - Archive ouverte HAL Access content directly
Journal Articles Finance Research Letters Year : 2019

Does CSR influence M&A target choices?

(1)
1
Mathieu Gomes

Abstract

We examine the impact of corporate social responsibility (CSR) on mergers and acquisitions (M&A) target choices. We offer evidence that CSR performance of firms matter for M&A acquirers. Indeed, our results based on 608 deals between 2003 and 2014 reveal that target firms have on average higher CSR scores than similar non-target firms. We also show directly that a firm's CSR is positively associated with its propensity to become a M&A target. These results hold for all CSR dimensions (environment, social, and governance). Overall, our results suggest that CSR matters in M&A decisions.
Fichier principal
Vignette du fichier
Manuscript_FRL_revised_Gomes_hal.pdf (722.79 Ko) Télécharger le fichier
Origin : Files produced by the author(s)
Loading...

Dates and versions

halshs-02007313 , version 1 (15-10-2019)

Identifiers

Cite

Mathieu Gomes. Does CSR influence M&A target choices?. Finance Research Letters, 2019, 30, pp.153-159. ⟨10.1016/j.frl.2018.09.011⟩. ⟨halshs-02007313⟩
153 View
1180 Download

Altmetric

Share

Gmail Facebook Twitter LinkedIn More