The effect of CSR on acquirer returns of cross-border M&As in an emerging market - a bane or a boom?

被引:1
作者
Li, Jingjing [1 ]
Wu, Xianming [1 ]
机构
[1] Wuhan Univ, Sch Econ & Management, Wuhan 430072, Peoples R China
关键词
CSR; cross-border M&as; acquirer returns; emerging market; INSTITUTIONAL DISTANCE; FOREIGN; DETERMINANTS;
D O I
10.1080/13504851.2022.2100312
中图分类号
F [经济];
学科分类号
02 ;
摘要
The enterprise in emerging markets attaches increasing importance to social responsibility with economic development. However, literature still lacks study on the relationship between corporate social responsibility (CSR) and acquirer returns of cross-border mergers and acquisitions (M&As). Taking 214 cross-border M&As in China from 2010 to 2019; this paper divides CSR into four parts. The results find that the supplier and consumer responsibility, and the social contribution of enterprises could significantly promote the acquirer returns of cross-border M&As. In contrast, shareholder responsibility and environmental responsibility have negative effects. This conclusion may be related to the particular situation of cross-border M&As in China.
引用
收藏
页码:2607 / 2612
页数:6
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