ESG factors in M&A in India: Performance and market insights from 2010 to 2023
Manoj Panda,
Pankaj Sharma,
Vasa László
et al.
Abstract:This study assesses the impact of mergers and acquisitions on Environmental, Social, and Governance (ESG) performance and market value of acquiring companies operating in India. Data were collected and analyzed from 69 M&A announcements from January 2010 to June 2023, sourced from the Bloomberg database. The analysis reveals a positive correlation between the post-merger market value of acquiring firms and their ESG performance, indicating that an improvement in ESG factors is associated with incre… Show more
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