Title Page
Abstract
Contents
1. INTRODUCTION 6
2. THEORY AND HYPOTHESES 9
2.1. ESG Materiality & Firm Performance 9
2.2. ESG in the context of M&A 12
2.3. ESG Compatibility vs. Complementarity 14
2.4. The Moderating Role of the Acquiror' s Acquisition Experience 16
3. METHOD 17
3.1. Data and sample 17
3.2. Variable description 19
3.3. Analysis 23
4. RESULTS 23
5. DISCUSSION AND CONCLUSION 25
REFERENCES 28
TABLES AND FIGURES 31
국문 초록 35