Reimagining the Impact of Large Financial Deals: Toward a Holistic Evaluation of Economic and Societal Consequences

This thesis reimagines the assessment of large financial deals, such as mergers and acquisitions (M&A), by proposing a holistic evaluation framework that considers economic, societal, and environmental consequences. Traditionally, these deals have been assessed primarily based on financial metri...

Full description

Bibliographic Details
Main Author: Dupont, Apolline
Other Authors: Johnson, Simon
Format: Thesis
Published: Massachusetts Institute of Technology 2024
Online Access:https://hdl.handle.net/1721.1/155981
Description
Summary:This thesis reimagines the assessment of large financial deals, such as mergers and acquisitions (M&A), by proposing a holistic evaluation framework that considers economic, societal, and environmental consequences. Traditionally, these deals have been assessed primarily based on financial metrics, overlooking their broader impact on stakeholders and sustainability. Through a mixed-method approach combining literature review and qualitative interviews with professionals, this research develops a theoretical framework integrating multiple dimensions into the analysis of M&A deals. The framework is applied to a case study of the contentious merger between French utility giants Veolia and Suez, highlighting the complexities and trade-offs involved in evaluating deals in the water and waste management sector. The findings underscore the importance of comprehensive impact assessments, robust stakeholder engagement, and long-term value creation strategies. The Veolia Suez case reveals the need for effective risk management and the potential for synergies and unintended consequences in large financial deals. Ultimately, this thesis argues that a holistic approach to impact assessment enables informed decision-making, promoting sustainable growth and safeguarding societal and environmental interests. The proposed framework offers a roadmap for enhancing practices and fostering a more responsible approach to financial transactions.