Corporate Rebuilding Through Demerger: A Case Study Based on Strides Pharma Science Ltd.

Authors

  • Samrat Banerjee Assistant Professor St. Xavier’s University Kolkata
  • Debdas Rakshit Professor University of Burdwan Bardhaman

Keywords:

No Keywords.

Abstract

With the increasing popularity and relevance of sustainability, disclosing the Business Responsibility and Sustainability Report is gradually becoming mandatory for the listed organizations. Therefore, it is necessary to determine whether companies are undertaking the exercise of spin-off to specifically increase their ESG scores. Thus, the impact of spinoff on environmental, social, governance and overall ESG scores have been evaluated for Strides Pharma Science Ltd. Raw ESG data have been collected from Bloomberg database and then analyzed. Findings reveal that the decision of demerger was taken in order to enhance the ESG scores of Strides Pharma Science Ltd. Besides, demerger did not have significant effect on stock returns of Strides Pharma Science Ltd.

Downloads

Download data is not yet available.

Published

2024-11-13

How to Cite

Banerjee, S., & Rakshit, D. (2024). Corporate Rebuilding Through Demerger: A Case Study Based on Strides Pharma Science Ltd. The Management Accountant Journal, 59(9), 97–100. Retrieved from https://icmai-rnj.in/index.php/maj/article/view/173696

Issue

Section

Case Study

References

Sisodiya, A. S. (2001). Tata Tea- Tetley Deal -Not Everyone’s Cup of Tea. Chartered Financial Analyst. June, 45-57.

Siew, R. (2012). ESG Scores and its Influence on firm performance: Australian Evidence. School Of Australian Seminar Series, 1-30.

Kotsantonis. S, Pinney. C, Serafeim. G (2016), ESG integration in investment management: Myths and realities,Journal of Applied Corporate Finance. 28 (2), 10-16,

Whelan. T, Atz. U and Clark. C. (2021). ESG AND FINANCIAL PERFORMANCE: Uncovering the Relationship by Aggregating Evidence from 1,000 Plus Studies Published between 2015 – 2020. Sustainable Business.

Rakshit, D. and Banerjee, S. (2022),TheImpact of CorporateSpin-offson Share PriceMovement Empirical EvidenceFromIndia, The Management Accountant - October 2022, Vol 57 (10), Pp-83-87. ISSN No. 0972-3528

Linnenluecke, M. (2022). Environmental, Social and Governance (ESG) Performance in the Context of Multinational Business Research. Multinational Business Review, 1-19. 10.1108/MBR-11-2021-0148.

Rakshit, D. and Banerjee, S. (2023), DoesSpinoffaffect Corporate Financial Performance, The Management Accountant –March 2023, Vol 58 (3), Pp-89-92. ISSN No. 0972-3528

Rakshit, D. and Banerjee, S. (2023),Corporate Rebuilding through Spin-off: A Case Study, TheManagement Accountant –August 2023, Vol 58 (8), Pp-94-98. ISSN No. 0972-3528

Most read articles by the same author(s)

1 2 > >> 

Similar Articles

<< < 29 30 31 32 33 34 35 36 37 38 > >> 

You may also start an advanced similarity search for this article.