The Impact of Mergers and Acquisitions on Corporate Stakeholder Practices

One of the intriguing unanswered research questions is ‘what is the impact of mergers and acquisitions (M&A) on corporate responsibility?’ This study examines that question empirically. In pre-merger firms, few statistically significant stakeholder-related performance differences exist between t...

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Bibliographic Details
Published in:The journal of corporate citizenship 2006-06, Vol.2006 (22), p.91-109
Main Authors: Waddock, Sandra, Graves, Samuel B.
Format: Article
Language:English
Subjects:
Acquisitions & mergers
Acquisitions and mergers
Analysis
Business innovation
Business management
Business structures
Consumer goods industries
Corporate governance
Corporate management
Corporate mergers
Corporate social responsibility
Corporate strategies
Correlation analysis
Management
Management science
Shareholder relations
Stakeholders
Studies
Target companies
Technological innovation
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Summary:One of the intriguing unanswered research questions is ‘what is the impact of mergers and acquisitions (M&A) on corporate responsibility?’ This study examines that question empirically. In pre-merger firms, few statistically significant stakeholder-related performance differences exist between the acquirer and target; acquirers show more strengths in the diversity category and more concerns related to products. For pre- and post-merger target and merged firms, the data show more strengths and concerns related to specific stakeholders for the merged firm compared with the pre-merger target, which seemed to lose some more innovative practices. Similarly, there is a fairly consistent pattern showing both more stakeholder-related strengths and concerns in merged compared with pre-merger acquiring firms.
ISSN:1470-5001
2051-4700
DOI:10.9774/gleaf.4700.2006.su.00011