Stakeholder Preservation or Appropriation? The Influence of Target CSR on Market Reactions to Acquisition Announcements

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

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Veröffentlicht in:	Academy of Management journal 2020-10, Vol.63 (5), p.1535-1560
Hauptverfasser:	Tong, Li, Wang, Heli, Xia, Jun
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisition Acquisitions and mergers Announcements Appropriation Congruence Corporate governance Corporate social responsibility Influence Management research Preservation Social responsibility Stakeholder theory Stakeholders Studies Wealth
Online-Zugang:	Volltext
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