Stakeholder preservation or appropriation? The influence of target CSR on market reactions to acquisition announcements

• Main Authors: TONG, Li, WANG, Heli, XIA, Jun
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Business Law, Public Responsibility, and Ethics; Organizational Behavior and Theory; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6513; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7512/viewcontent/Stakeholder_preservation_pv.pdf
• Institution: Singapore Management University

This study examines how target corporate social responsibility (CSR) affects the economic gains for acquirers, as reflected in market reaction to acquisition announcement, from two distinct perspectives: stakeholder preservation versus stakeholder appropriation. The stakeholder preservation perspect...