Essays about: "Shareholder Theory"

Showing result 21 - 25 of 114 essays containing the words Shareholder Theory.

1. 21. ESG performance, a driver for shareholder value creation? Evidence from mergers and acquisitions

   University essay from Göteborgs universitet/Graduate School

   Author : Sebastian Bergström Jonsson; Felicia Sandersnäs; [2022-06-30]
   Keywords : Environmental; social; Environmental; social; and governance ESG performance; Mergers and acquisitions M A ; Value creation; Stakeholder theory; Shareholder theory; Event study; Abnormal returns;

   Abstract : With an increasing demand for firms to become more sustainable, business managers are increasingly using merger and acquisition (M&A) investments as a tool to enhance both environmental, social, and governance (ESG) performance and corporate financial performance (CFP). This study aims to further understand the impact of ESG performance as a factor for creating shareholder value for the acquirers by 1) examining the impact of target firms' ESG performance on acquirer abnormal returns and 2) examining whether high ESG performing targets can help enhance the ESG performance of the acquirer. READ MORE

3. 22. 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

   University essay from Göteborgs universitet/Graduate School

   Author : Joel Petersson; Alexandra Tjällman; [2022-06-30]
   Keywords : ;

   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. READ MORE

4. 23. THE (NON) IMPORTANCE OF CEO OWNERSHIP? AN AGENCY THEORETIC PERSPECTIVE ON M&A

   University essay from Göteborgs universitet/Graduate School

   Author : EMIL FURVIK; ANDR´E WINSTRÖM; [2022-06-29]
   Keywords : Agency Theory; Mergers and Acquisitions; CEO ownership; Corporate Governance;

   Abstract : For decades, corporate acquisitions and subsequent shareholder returns have been studied, only to yield ambivalent results at best. As global M&A volumes have recently reached multi-trillion dollar levels, understanding the drivers of positive abnormal returns is now, more than ever, vital. READ MORE

5. 24. The link between ESG and financial performance in sensitive and non-sensitive industries. A quantitative study of the European market

   University essay from Göteborgs universitet/Företagsekonomiska institutionen

   Author : Danait Abraham; Magnus Forslund; [2022-04-07]
   Keywords : ESG; financial performance; return; stakeholder theory; shareholder theory;

   Abstract : Purpose: The topic of ESG and its relationship with financial performance has been studied by researchers for the last decades. In this thesis, to further understand the relationship between ESG and financial performance, industry affiliation has been considered. READ MORE

6. 25. Too Big to be Passive

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Jonny Jin; Cornelia Rathsman; [2022]
   Keywords : Institutional investors; Passive investments; Corporate Governance; Shareholder Value; Incentives;

   Abstract : This thesis draws upon 12 in-depth interviews, with senior managers and investment professionals from 7 leading institutional investors in Sweden, to explore how they reason and work with corporate governance in their passive investments. Using Foucault's theory of disciplinary power as a theoretical framework, we found that institutional self-discipline complements earlier research in the area, mainly as a tool for explaining their incentives to engage in ownership. READ MORE