scholarly journals Green M&A Deals and Bidders’ Value Creation: The Role of Sustainability in Post-Acquisition Performance

2018 ◽  
Vol 11 (7) ◽  
pp. 96 ◽  
Author(s):  
Antonio Salvi ◽  
Felice Petruzzella ◽  
Anastasia Giakoumelou
Keyword(s):  
Renewable Resources ◽  
Corporate Image ◽  
Green Economy ◽  
Return On Assets ◽  
Acquisition Performance ◽  
Financial Outcomes ◽  
Energy Needs ◽  
Public Subsidies ◽  
External Growth

A transition to natural and renewable resources is deemed necessary to preserve the environment and satisfy future energy needs globally. In this context, green economy can be considered a viable alternative paradigm that preserves growth expectations while protecting the earth’s ecosystems.The objective of this study is to investigate whether “green” acquisitions represent a suitable way to support the green economy’s growth, given that public subsidies alone do not suffice. To this end, we analyse bidders’ post-acquisition performance (return on assets), based on data from the most recent deals, and try to decode whether bidders that “green” themselves find the potential to improve their financial performance and simultaneously enhance their corporate image.Results confirm that bidders opting for “green” deals can obtain better financial outcomes compared to firms that perform deals in other sectors. This implies that firms may favor such transactions both to foster their external growth and obtain better operating and financial results, while attributing a green identity to their corporate image and protecting the environment. These findings bestow and elevate confidence in the potential of relevant research, raising focus on unexplored Mergers and Acquisitions (M&A) aspects of growing interest among investors worldwide.

The Role of Green Economics in Sustainability

2012 ◽  
Vol 1 (2) ◽  
pp. 43-50 ◽  
Author(s):  
Viktória Törocsik ◽  
Zoltán Egri
Keyword(s):  
Renewable Resources ◽  
Geothermal Energy ◽  
Energy Supply ◽  
Renewable Energy Sources ◽  
Clean Energy ◽  
Legal Framework ◽  
Green Economy ◽  
Rural Planning ◽  
The Sustainable Development

The communal feature of the utilization of renewable energy sources, spread of technological innovations, and support of energy efficiency is that they all contribute to the sustainable development, the prosperous direction energy supply and through these to the creation of new workplaces. Hopefully in the future this will lead to economic growth, better competitiveness of the country, and the outset of rural planning. In the national respect from the renewable resources the exploitation of biomass, geothermal energy, wind, and solar energy can be guaranteed through the energy supply. As such, a suitable and extensive legal framework is needed, to ensure and track safe and clean energy. This study examines the important economic and environmental connection of the green economy.

The investment activity of Russian business: Relationships with corporate income tax burden

2020 ◽  
Vol 23 (7) ◽  
pp. 800-823
Author(s):  
A.A. Razuvaeva ◽  
N.V. Pokrovskaya
Keyword(s):  
Income Tax ◽  
Systems Approach ◽  
Corporate Income Tax ◽  
Federal State ◽  
Tax Burden ◽  
Return On Assets ◽  
Investment Activity ◽  
Analysis And Synthesis ◽  
Tax Benefits

Subject. This article assesses the role of tax incentives for the Russian business' investment behavior. Objectives. The article aims to identify the relationship between the corporate income tax burden as an indicator responding to tax benefits application and the investment activities of Russian companies. Methods. For the study, we used the methods of analysis and synthesis, and the systems approach. The analysis covers the period from 2012 to 2018. The data of the Russian Federal State Statistics Service, Federal Tax Service of Russia, and the Ministry of Finance of the Russian Federation are the source of information for analysis. Results. The article summarizes the characteristics of the investment activity of the Russian business. However, the article does not reveal any obvious relationship between the income tax burden and the investment activity of the Russian business in the 2010s. There is also no link found between fixed investment and return on assets. Conclusions. The increase in income tax burden in the late 2010s, accompanied by a decrease in profitability, poses a threat to the active investment development of Russian organizations.

GREEN BONDS AS A NEW FINANCIAL INSTRUMENT

2020 ◽  
Vol 3 (7) ◽  
pp. 98-102
Author(s):  
M. V. DUBROVA ◽  
◽  
N. N. ZHILINA ◽  
Keyword(s):  
Raw Materials ◽  
Financial Burden ◽  
Environmental Problems ◽  
Green Economy ◽  
Non Profit ◽  
The Public ◽  
Economic Problems ◽  
Green Finance ◽  
Non Profit Organizations

The relevance of the article is determined by the fact that in Russia there is no effective mechanism of state support for the activities of non-profit organizations in the field of “green Finance”. The role of non-profit organizations is leveled, which can become a serious help in solving economic problems, in particular, the problems of recycling and processing of secondary raw materials, the placement of industrial waste and household garbage, and landscaping of large megacities. The main financial burden in the field of “green economy” falls on States and large enterprises. Meanwhile, we cannot ignore the important role of non-profit organizations that can not only draw attention to environmental problems to the public, but also offer their own measures to solve environmental problems. In this regard, it becomes relevant to consider the participation of non-profit organizations in the implementation of environmental projects by attracting “green Finance”.

POTENTIAL DEVELOPMENT OF «GREEN BONDS» IN THE RUSSIAN ECONOMY

2020 ◽  
Vol 1 (8) ◽  
pp. 119-123
Author(s):  
M. V. DUBROVA ◽  
◽  
N. N. ZHILINA ◽  
Keyword(s):  
Raw Materials ◽  
Financial Burden ◽  
Environmental Problems ◽  
Green Economy ◽  
Non Profit ◽  
Russian Economy ◽  
Green Finance ◽  
Potential Development ◽  
Non Profit Organizations

he relevance of the article is determined by the fact that in Russia there is no effective mechanism of state support for the activities of non-profit organizations in the field of «green Finance». The role of non-profit organizations is leveled, which can become a serious help in solving economic problems, in particular, the problems of recycling and processing of secondary raw materials, the placement of industrial waste and household garbage, and landscaping of large megacities. The main financial burden in the field of «green economy» falls on States and large enterprises. Meanwhile, we cannot ignore the important role of non-profit organizations that can not only draw attention to environmental problems to the public, but also offer their own measures to solve environmental problems. In this regard, it becomes relevant to consider the participation of non-profit organizations in the implementation of environmental projects by attracting «green Finance».

scholarly journals We Trust You! A Multilevel-Multireferent Model Based on Organizational Trust to Explain Performance

2021 ◽  
Vol 18 (8) ◽  
pp. 4241
Author(s):  
Marisa Salanova ◽  
Hedy Acosta Antognoni ◽  
Susana Llorens ◽  
Pascale Le Blanc
Keyword(s):  
Organizational Performance ◽  
Social Exchange ◽  
Social Exchange Theory ◽  
Organizational Trust ◽  
Organizational Practices ◽  
Return On Assets ◽  
Top Managers ◽  
Psychological Mechanism ◽  
And Performance

This study tests organizational trust as the psychosocial mechanism that explains how healthy organizational practices and team resources predict multilevel performance in organizations and teams, respectively. In our methodology, we collect data in a sample of 890 employees from 177 teams and their immediate supervisors from 31 Spanish companies. Our results from the multilevel analysis show two independent processes predicting organizational performance (return on assets, ROA) and performance ratings by immediate supervisors, operating at the organizational and team levels, respectively. We have found evidence for a theoretical and functional quasi-isomorphism. First, based on social exchange theory, we found evidence for our prediction that when organizations implement healthy practices and teams provide resources, employees trust their top managers (vertical trust) and coworkers (horizontal trust) and try to reciprocate these benefits by improving their performance. Second, (relationships among) constructs are similar at different levels of analysis, which may inform HRM officers and managers about which type of practices and resources can help to enhance trust and improve performance in organizations. The present study contributes to the scarce research on the role of trust at collective (i.e., organizational and team) levels as a psychological mechanism that explains how organizational practices and team resources are linked to organizational performance.

scholarly journals Unequal chances: ex ante fairness and individual control

2020 ◽  
Vol 10 (1) ◽  
Author(s):  
Leticia Micheli ◽  
Nickolas Gagnon
Keyword(s):  
Perceived Control ◽  
Online Survey ◽  
Family Income ◽  
Financial Outcomes ◽  
Individual Control ◽  
Ex Ante ◽  
And Gender ◽  
Different Sources ◽  
Do So

AbstractUnequal financial outcomes often originate from unequal chances. Yet, compared to outcomes, little is known about how individuals perceive unequal distributions of chances. We investigate empirically the role of different sources of unequal chances in shaping inequality perceptions. Importantly, we do so from an ex ante perspective—i.e., before the chances are realized—which has rarely been explored. In an online survey, we asked uninvolved respondents to evaluate ex ante the fairness of unequal allocations of chances. We varied the source of inequality of chances, using a comprehensive range of factors which resemble several real world situations. Respondents also evaluated how much control individuals hold over the distribution of chances. Results show that different sources generate different ex ante perception of fairness. That is, unequal chances based on socioeconomic and biological factors, such as gender, family income and ethnicity, are evaluated to be unfair relative to the same chances based on effort, knowledge, and benevolence. Results also show that, for most individuals, there is a positive correlation between perceived control of a factor and fairness of unequal chances based on that factor. Luck appears to be an exception to this correlation, ranking as high in fairness as effort, knowledge, and benevolence, but similarly low in individual control as ethnicity, family income, and gender.

Sign in / Sign up

Export Citation Format

Share Document