När nyheten når marknaden: En studie om hur ESG betyg och dess delkomponenter påverkar den kortsiktiga marknadsreaktionen vid annonsering av företagsförvärv i Sverige
(2026) FEKH89 20252Department of Business Administration
- Abstract
- Title: When the news reaches the market: A study of how ESG ratings and its components affect the short-term market reaction to acquisition announcements in Sweden
Seminar date: 2026–01–16
Course: FEKH89, Degree Project Undergraduate level, Business Administration, 15 Credits
Authors: Mohaddes, Samin; Sjö, Olov; Stork Edhall, Emma
Advisor/s: Bengtsson, Elias
Key words: Acquisitions, ESG, market return, event study, Sweden
Research question: How does the acquirer’s ESG rating and its components affect the short-term market reaction to acquisition announcements?
Purpose: The aim of this study is to analyse how the acquirer’s ESG rating and its components affect the short-term market reaction to acquisition announcements... (More) - Title: When the news reaches the market: A study of how ESG ratings and its components affect the short-term market reaction to acquisition announcements in Sweden
Seminar date: 2026–01–16
Course: FEKH89, Degree Project Undergraduate level, Business Administration, 15 Credits
Authors: Mohaddes, Samin; Sjö, Olov; Stork Edhall, Emma
Advisor/s: Bengtsson, Elias
Key words: Acquisitions, ESG, market return, event study, Sweden
Research question: How does the acquirer’s ESG rating and its components affect the short-term market reaction to acquisition announcements?
Purpose: The aim of this study is to analyse how the acquirer’s ESG rating and its components affect the short-term market reaction to acquisition announcements in Sweden.
Methodology: The study adopts a deductive approach in which an event study measures abnormal return around acquisition announcements, followed by multiple regression analyses examining the relationship between the acquirer’s overall ESG rating and its three components E, S and G.
Theoretical perspectives: The theoretical framework is based on agency theory, the efficient market hypothesis and signaling theory as well as prior research on ESG and market reactions to acquisition announcements.
Result: The analysis shows an overall weak non-linear relationship between ESG ratings, all of its components and the short-term masker reaction to acquisition announcements.
Conclusions: The study contributed to the literature by showing that ESG ratings and its components explain the short-term market reaction to acquisition announcement in Sweden to a limited extent. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9222347
- author
- Stork Edhall, Emma LU ; Sjö, Olov LU and Mohaddes, Samin LU
- supervisor
- organization
- course
- FEKH89 20252
- year
- 2026
- type
- M2 - Bachelor Degree
- subject
- keywords
- Företagsförvärv, ESG, marknadsreaktion, eventstudie, Sverige
- language
- Swedish
- id
- 9222347
- date added to LUP
- 2026-02-12 16:54:35
- date last changed
- 2026-02-12 16:54:35
@misc{9222347,
abstract = {{Title: When the news reaches the market: A study of how ESG ratings and its components affect the short-term market reaction to acquisition announcements in Sweden
Seminar date: 2026–01–16
Course: FEKH89, Degree Project Undergraduate level, Business Administration, 15 Credits
Authors: Mohaddes, Samin; Sjö, Olov; Stork Edhall, Emma
Advisor/s: Bengtsson, Elias
Key words: Acquisitions, ESG, market return, event study, Sweden
Research question: How does the acquirer’s ESG rating and its components affect the short-term market reaction to acquisition announcements?
Purpose: The aim of this study is to analyse how the acquirer’s ESG rating and its components affect the short-term market reaction to acquisition announcements in Sweden.
Methodology: The study adopts a deductive approach in which an event study measures abnormal return around acquisition announcements, followed by multiple regression analyses examining the relationship between the acquirer’s overall ESG rating and its three components E, S and G.
Theoretical perspectives: The theoretical framework is based on agency theory, the efficient market hypothesis and signaling theory as well as prior research on ESG and market reactions to acquisition announcements.
Result: The analysis shows an overall weak non-linear relationship between ESG ratings, all of its components and the short-term masker reaction to acquisition announcements.
Conclusions: The study contributed to the literature by showing that ESG ratings and its components explain the short-term market reaction to acquisition announcement in Sweden to a limited extent.}},
author = {{Stork Edhall, Emma and Sjö, Olov and Mohaddes, Samin}},
language = {{swe}},
note = {{Student Paper}},
title = {{När nyheten når marknaden: En studie om hur ESG betyg och dess delkomponenter påverkar den kortsiktiga marknadsreaktionen vid annonsering av företagsförvärv i Sverige}},
year = {{2026}},
}