| Title |
Understanding the Relevance of Sustainability in Mergers and Acquisitions-A Systematic Literature Review on Sustainability and Its Implications throughout Deal Stages |
| ID_Doc |
68627 |
| Authors |
Kayser, C; Zuelch, H |
| Title |
Understanding the Relevance of Sustainability in Mergers and Acquisitions-A Systematic Literature Review on Sustainability and Its Implications throughout Deal Stages |
| Year |
2024 |
| Published |
Sustainability, 16, 2 |
| DOI |
10.3390/su16020613 |
| Abstract |
The importance of transforming business models and activities toward a sustainable economy is more urgent than ever and manifests in the adoption of international agreements and regulatory initiatives. Company transactions, including mergers and acquisitions (M&A), need to pay attention to sustainability concepts and their implications. Consequently, the current and traditional literature on M&A processes acknowledges the role of sustainability as a prerequisite for success in M&A operations. However, reviews of the relationship between sustainability and M&A from an integrative perspective that highlight the pre- and post-deal stages are limited. To bring further transparency to this context, we perform a systematic review of the academic literature on the relevance and implications of sustainability in M&A, focusing on archival studies. We present an overview of major sustainability influences at different stages of the M&A process, using the perspective of the acquirer as well as the target of sustainability. We observe that in all analyzed pre- and post-deal stages, sustainability is identified as having an impact or being impacted by M&A activities. Accordingly, practitioners' strategic consideration of sustainability for deal origination and performance is required. Furthermore, we highlight several understudied factors and create a research agenda, as research findings are, to some extent, heterogeneous and limited. |
| Author Keywords |
sustainability; corporate social responsibility; ESG; mergers and acquisitions; M&A process; systematic literature review |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Science Citation Index Expanded (SCI-EXPANDED); Social Science Citation Index (SSCI) |
| EID |
WOS:001152751600001 |
| WoS Category |
Green & Sustainable Science & Technology; Environmental Sciences; Environmental Studies |
| Research Area |
Science & Technology - Other Topics; Environmental Sciences & Ecology |
| PDF |
https://www.mdpi.com/2071-1050/16/2/613/pdf?version=1704895753
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