Do financial markets care about SRI? Evidence from mergers and acquisitions

201 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Corporate social responsibility in the banking industry: Motives and financial performance (2013, background): “Aktas et al. (2011) find that the stock market rewards acquirers who make socially and environmentally responsible investments.”
Post-innovation CSR Performance and Firm Value (2015, unknown): “…(e.g., Porter and van der Linde 1995; Hart and Ahuja 1996; Feldman et al. 1997; King and Lenox 2001; Pil and Rothenberg 2003; Derwall et al. 2005; Hong and Kacperczyk 2009; Goss and Roberts 2011; Aktas et al. 2011; El Ghoul et al. 2011; Deng et al. 2013; Xiao et al. 2013; Cheng et al. 2014).”
Ethical requirement and financial interest: a literature review on socially responsible investing (2015, background): “The advantage SR behavior might have on a company’s valuation is also addressed by Aktas et al. (2011), who analyze SR behavior in the context of mergers and acquisitions.”
Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature (2014, background): “Using the environmental and social ratings of the Intangible Value Assessment (IVA) score, Aktas et al. (2011) reported that target firms’ social and environmental performance relates positively to an acquirer’s gains.”