| dc.description.abstract | By using ESG scores from three different data providers (Bloomberg, Refinitiv
and Sustainalytics) this thesis aims to investigate their respective impacts on
deal premia in M&A activities. The sample construction is based on individual
samples for each provider, as well as a common sample. The thesis is able to prove
that multiple ESG score providers are statistically significant on a 10% level in
relation to M&A deal premia. However, these results are not consistent across
data providers, where Bloomberg was the only provider showing significant results
across regressions. It also manages to show that different data providers offer
supplementary information. As such, we see statistically significant coefficients
for the interaction terms involving Bloomberg, potentially displaying Bloomberg’s
ability to offer supplementing information prior to target valuation. | en_US |
