This dissertation examines how ESG scores impact the financial performance of acquiring firms in the post-M&A phase. Anchored in the frameworks of Agency Theory and Signaling Theory, this study develops three hypotheses to assess the influence of ESG scores on post-M&A performance. The empirical investigation utilizes a dataset of over 5,000 M&A observations, applying the Arellano–Bond dynamic panel-data estimation technique. This approach provides compelling statistical evidence on the ramifications of ESG scores on the performance of acquiring firms in the post-M&A period
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