Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective

Abstract Background Environmental sustainability may be perceived as conflicting with economic development. Economic activities such as mergers and acquisitions can contribute to resource allocation optimization, where corporate governance plays an important role in advancing environmental sustainab...

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Autores principales:	Dandan Zheng, Zhipan Yuan, Shusheng Ding, Tianxiang Cui
Formato:	article
Lenguaje:	EN
Publicado:	BMC 2021
Materias:	Mergers and acquisitions Environment sustainability Probit model Corporate governance Mediating effect Renewable energy sources TJ807-830 Energy industries. Energy policy. Fuel trade HD9502-9502.5
Acceso en línea:	https://doaj.org/article/531ab72419cb4304b34b00f50627ab2f
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spelling	oai:doaj.org-article:531ab72419cb4304b34b00f50627ab2f2021-11-07T12:06:13ZEnhancing environmental sustainability through corporate governance: the merger and acquisition perspective10.1186/s13705-021-00318-02192-0567https://doaj.org/article/531ab72419cb4304b34b00f50627ab2f2021-11-01T00:00:00Zhttps://doi.org/10.1186/s13705-021-00318-0https://doaj.org/toc/2192-0567Abstract Background Environmental sustainability may be perceived as conflicting with economic development. Economic activities such as mergers and acquisitions can contribute to resource allocation optimization, where corporate governance plays an important role in advancing environmental sustainability. Our study broadens the investigation of whether mergers and acquisitions are helpful for sustainable environmental development. We attempt to reveal the mechanism by which mergers and acquisitions affect sustainable development: namely, through corporate governance. Results By employing panel data for Chinese listed companies, we reveal that mergers and acquisitions have a significant positive influence on environmental sustainability. In particular, the study documents a mediating effect of corporate governance. We argue that mergers and acquisitions can trigger company reorganizations and thus optimize firm structure, resulting in better corporate governance. This effect, in turn, can enhance company management in several aspects, including sustainable environmental development. Therefore, we conclude that the government can improve corporate governance by promoting board reorganizations via mergers and acquisitions, leading to better environmental sustainability. Conclusions This paper can inspire future research avenues by shedding light on how economic development and environment sustainability can be harmonized through better corporate governance. It can also deliver research implications on corporate governance studies through mergers and acquisitions.Dandan ZhengZhipan YuanShusheng DingTianxiang CuiBMCarticleMergers and acquisitionsEnvironment sustainabilityProbit modelCorporate governanceMediating effectRenewable energy sourcesTJ807-830Energy industries. Energy policy. Fuel tradeHD9502-9502.5ENEnergy, Sustainability and Society, Vol 11, Iss 1, Pp 1-15 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Mergers and acquisitions Environment sustainability Probit model Corporate governance Mediating effect Renewable energy sources TJ807-830 Energy industries. Energy policy. Fuel trade HD9502-9502.5
spellingShingle	Mergers and acquisitions Environment sustainability Probit model Corporate governance Mediating effect Renewable energy sources TJ807-830 Energy industries. Energy policy. Fuel trade HD9502-9502.5 Dandan Zheng Zhipan Yuan Shusheng Ding Tianxiang Cui Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective
description	Abstract Background Environmental sustainability may be perceived as conflicting with economic development. Economic activities such as mergers and acquisitions can contribute to resource allocation optimization, where corporate governance plays an important role in advancing environmental sustainability. Our study broadens the investigation of whether mergers and acquisitions are helpful for sustainable environmental development. We attempt to reveal the mechanism by which mergers and acquisitions affect sustainable development: namely, through corporate governance. Results By employing panel data for Chinese listed companies, we reveal that mergers and acquisitions have a significant positive influence on environmental sustainability. In particular, the study documents a mediating effect of corporate governance. We argue that mergers and acquisitions can trigger company reorganizations and thus optimize firm structure, resulting in better corporate governance. This effect, in turn, can enhance company management in several aspects, including sustainable environmental development. Therefore, we conclude that the government can improve corporate governance by promoting board reorganizations via mergers and acquisitions, leading to better environmental sustainability. Conclusions This paper can inspire future research avenues by shedding light on how economic development and environment sustainability can be harmonized through better corporate governance. It can also deliver research implications on corporate governance studies through mergers and acquisitions.
format	article
author	Dandan Zheng Zhipan Yuan Shusheng Ding Tianxiang Cui
author_facet	Dandan Zheng Zhipan Yuan Shusheng Ding Tianxiang Cui
author_sort	Dandan Zheng
title	Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective
title_short	Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective
title_full	Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective
title_fullStr	Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective
title_full_unstemmed	Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective
title_sort	enhancing environmental sustainability through corporate governance: the merger and acquisition perspective
publisher	BMC
publishDate	2021
url	https://doaj.org/article/531ab72419cb4304b34b00f50627ab2f
work_keys_str_mv	AT dandanzheng enhancingenvironmentalsustainabilitythroughcorporategovernancethemergerandacquisitionperspective AT zhipanyuan enhancingenvironmentalsustainabilitythroughcorporategovernancethemergerandacquisitionperspective AT shushengding enhancingenvironmentalsustainabilitythroughcorporategovernancethemergerandacquisitionperspective AT tianxiangcui enhancingenvironmentalsustainabilitythroughcorporategovernancethemergerandacquisitionperspective
_version_	1718443545829834752

Enhancing environmental sustainability through corporate governance: the merger and acquisition perspective

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