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Updated: Sep 9, 2025

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気候変動のリスクと企業のガバナンスがグリーンM&Aを奨励するのでしょうか?
Kenichi Yoshida1, Yoshiaki Iino2, Futoshi Eba3
1Faculty of Economics, Kyushu University, Fukuoka, Japan; Urban Institute & School of Engineering, Kyushu University, Fukuoka, Japan.
Journal of environmental management
|September 1, 2025
まとめ
気候変動のリスクはグリーンな合併と買収に影響します 強力なコーポレート・ガバナンス,特に外部取締役は,炭素密集型資産の売却を促し,ポジティブなリターンをもたらします.
科学分野:
- 環境経済学
- 企業金融
- 気候変動に関する研究
背景:
- 気候変動のリスクと 企業戦略への影響に焦点を合わせる
- 投資家の圧力と 規制当局の圧力により 持続可能なビジネス・プラクティスが求められています
- 企業変革のツールとしての合併と買収 (M&A)
研究 の 目的:
- 気候変動リスクがグリーンM&Aの決定に与える影響を調査する.
- グリーンなM&Aにおける企業ガバナンスの役割を検討する.
- 緑のM&A活動の資産効果を分析する.
主な方法:
- 緑の買収と売却を区別するM&Aデータの分析
- 気候リスクとガバナンス変数の影響を評価するためのエコノメトリックモデリング
- 短期的な富の影響を評価するためのイベント研究方法論
主要な成果:
- 炭素を大量に排出する産業の企業は グリーンな企業を買収し,炭素を大量に排出する企業を売却する傾向があります.
- 外部取締役は,炭素密集型資産の売却を大幅に奨励しています.
- 炭素密集型事業の売却は 短期的な利益をもたらします
結論:
- 気候変動リスクの軽減は 企業の意思決定にますます組み込まれています
- 企業のガバナンスメカニズムは 緑のM&Aを推進する上で極めて重要です
- 緑のM&Aは,特に売却は,株主価値を生み出すことができます.
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