Analysis shows cross-border mergers improve CSR practices in French firms, indicating potential benefits for stakeholders.
This study examines the impact of cross-border mergers and acquisitions on the CSR activities of the French acquiring firms using panel data from 235 French acquiring firms from 2000 to 2022, employing a generalized method of moment (GMM) technique. We also used a Sargan & Hansen test for instrument validity and the AR test for second-order autocorrelation. Both tests give support to the model. We found that cross-border mergers and acquisitions significantly positively impact the CSR practices of the acquiring firms in the French context. JEL Codes: Keywords: cross-border, M&As on CSR activities, French Firms
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Khan et al. (2025) studied this question.
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