{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,11,4]],"date-time":"2026-11-04T17:59:12Z","timestamp":1793815152209,"version":"4.6.1"},"reference-count":56,"publisher":"Elsevier BV","license":[{"start":{"date-parts":[[2025,10,1]],"date-time":"2025-10-01T00:00:00Z","timestamp":1759276800000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.elsevier.com\/tdm\/userlicense\/1.0\/"},{"start":{"date-parts":[[2025,10,1]],"date-time":"2025-10-01T00:00:00Z","timestamp":1759276800000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.elsevier.com\/legal\/tdmrep-license"},{"start":{"date-parts":[[2027,8,31]],"date-time":"2027-08-31T00:00:00Z","timestamp":1819670400000},"content-version":"am","delay-in-days":699,"URL":"http:\/\/www.elsevier.com\/open-access\/userlicense\/1.0\/"},{"start":{"date-parts":[[2025,10,1]],"date-time":"2025-10-01T00:00:00Z","timestamp":1759276800000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-017"},{"start":{"date-parts":[[2025,10,1]],"date-time":"2025-10-01T00:00:00Z","timestamp":1759276800000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-037"},{"start":{"date-parts":[[2025,10,1]],"date-time":"2025-10-01T00:00:00Z","timestamp":1759276800000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-012"},{"start":{"date-parts":[[2025,10,1]],"date-time":"2025-10-01T00:00:00Z","timestamp":1759276800000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-029"},{"start":{"date-parts":[[2025,10,1]],"date-time":"2025-10-01T00:00:00Z","timestamp":1759276800000},"content-version":"stm-asf","delay-in-days":0,"URL":"https:\/\/doi.org\/10.15223\/policy-004"}],"funder":[{"DOI":"10.13039\/501100004423","name":"Waseda University","doi-asserted-by":"publisher","id":[{"id":"10.13039\/501100004423","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100001691","name":"Japan Society for the Promotion of Science","doi-asserted-by":"publisher","award":["JP25K16684"],"award-info":[{"award-number":["JP25K16684"]}],"id":[{"id":"10.13039\/501100001691","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100001691","name":"Japan Society for the Promotion of Science","doi-asserted-by":"publisher","award":["JP20H00648"],"award-info":[{"award-number":["JP20H00648"]}],"id":[{"id":"10.13039\/501100001691","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100001691","name":"Japan Society for the Promotion of Science","doi-asserted-by":"publisher","award":["JP24K16420"],"award-info":[{"award-number":["JP24K16420"]}],"id":[{"id":"10.13039\/501100001691","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100001691","name":"Japan Society for the Promotion of Science","doi-asserted-by":"publisher","award":["JP23K18792"],"award-info":[{"award-number":["JP23K18792"]}],"id":[{"id":"10.13039\/501100001691","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100020959","name":"JST-Mirai Program","doi-asserted-by":"publisher","award":["JPMJMI22I4"],"award-info":[{"award-number":["JPMJMI22I4"]}],"id":[{"id":"10.13039\/501100020959","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":["elsevier.com","sciencedirect.com"],"crossmark-restriction":true},"short-container-title":["Journal of Environmental Management"],"published-print":{"date-parts":[[2025,10]]},"DOI":"10.1016\/j.jenvman.2025.127123","type":"journal-article","created":{"date-parts":[[2025,8,31]],"date-time":"2025-08-31T15:36:41Z","timestamp":1756654601000},"page":"127123","update-policy":"https:\/\/doi.org\/10.1016\/elsevier_cm_policy","source":"Crossref","is-referenced-by-count":8,"special_numbering":"C","title":["Do climate change risks and corporate governance encourage green M&amp;A?"],"prefix":"10.1016","volume":"393","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-6644-6406","authenticated-orcid":false,"given":"Kenichi","family":"Yoshida","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Yoshiaki","family":"Iino","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Futoshi","family":"Eba","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-7511-7869","authenticated-orcid":false,"given":"Jun","family":"Xie","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-7883-1427","authenticated-orcid":false,"given":"Shunsuke","family":"Managi","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"78","reference":[{"issue":"1","key":"10.1016\/j.jenvman.2025.127123_bib1","doi-asserted-by":"crossref","first-page":"217","DOI":"10.1111\/j.1540-6261.2007.01206.x","article-title":"A theory of friendly boards","volume":"62","author":"Adams","year":"2007","journal-title":"J. Finance"},{"issue":"1","key":"10.1016\/j.jenvman.2025.127123_bib2","doi-asserted-by":"crossref","first-page":"58","DOI":"10.1257\/jel.48.1.58","article-title":"The role of boards of directors in corporate governance: a conceptual framework and survey","volume":"48","author":"Adams","year":"2010","journal-title":"J. Econ. Lit."},{"issue":"2","key":"10.1016\/j.jenvman.2025.127123_bib3","doi-asserted-by":"crossref","first-page":"103","DOI":"10.1257\/jep.15.2.103","article-title":"New evidence and perspectives on mergers","volume":"15","author":"Andrade","year":"2001","journal-title":"J. Econ. Perspect."},{"key":"10.1016\/j.jenvman.2025.127123_bib4","series-title":"Understanding the M&A Boom in Japan: what Drives Japanese M&A?","author":"Arikawa","year":"2007"},{"key":"10.1016\/j.jenvman.2025.127123_bib5","doi-asserted-by":"crossref","first-page":"176","DOI":"10.1016\/j.jcorpfin.2019.02.002","article-title":"Corporate social responsibility and M&A uncertainty","volume":"56","author":"Arouri","year":"2019","journal-title":"J. Corp. Financ."},{"issue":"2","key":"10.1016\/j.jenvman.2025.127123_bib6","doi-asserted-by":"crossref","first-page":"674","DOI":"10.1016\/j.jfineco.2021.05.007","article-title":"The big three and corporate carbon emissions around the world","volume":"142","author":"Azar","year":"2021","journal-title":"J. Financ. Econ."},{"key":"10.1016\/j.jenvman.2025.127123_bib7","doi-asserted-by":"crossref","DOI":"10.1016\/j.techfore.2021.121338","article-title":"M&A activity as a driver for better ESG performance","volume":"175","author":"Barros","year":"2022","journal-title":"Technol. Forecast. Soc. Chang"},{"issue":"2","key":"10.1016\/j.jenvman.2025.127123_bib8","doi-asserted-by":"crossref","first-page":"619","DOI":"10.1016\/j.jfineco.2021.08.007","article-title":"Decomposing firm value","volume":"143","author":"Belo","year":"2022","journal-title":"J. Financ. Econ."},{"issue":"305","key":"10.1016\/j.jenvman.2025.127123_bib9","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1111\/j.1468-0335.2009.00843.x","article-title":"Individual and corporate social responsibility","volume":"77","author":"B\u00e9nabou","year":"2010","journal-title":"Economica"},{"issue":"2","key":"10.1016\/j.jenvman.2025.127123_bib10","doi-asserted-by":"crossref","first-page":"517","DOI":"10.1016\/j.jfineco.2021.05.008","article-title":"Do investors care about carbon risk?","volume":"142","author":"Bolton","year":"2021","journal-title":"J. Financ. Econ."},{"key":"10.1016\/j.jenvman.2025.127123_bib11","article-title":"Does carbon risk matter for corporate acquisition decisions?","volume":"70","author":"Bose","year":"2020","journal-title":"J. Corp. Financ."},{"issue":"2","key":"10.1016\/j.jenvman.2025.127123_bib12","doi-asserted-by":"crossref","first-page":"195","DOI":"10.1016\/0304-405X(92)90018-S","article-title":"Do outside directors monitor managers? Evidence from tender offer bids","volume":"32","author":"Byrd","year":"1992","journal-title":"J. Financ. Econ."},{"key":"10.1016\/j.jenvman.2025.127123_bib13","doi-asserted-by":"crossref","DOI":"10.1002\/bse.3366","article-title":"Advisory or monitoring role in ESG scenario: which women directors are more influential in the Italian context?","author":"Cambrea","year":"2023","journal-title":"Bus. Strat. Environ. Forthcoming."},{"key":"10.1016\/j.jenvman.2025.127123_bib14","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2025.125320","article-title":"ESG disclosure, public perception and corporate financial performance: an empirical study based on textual analysis","volume":"383","author":"Chen","year":"2025","journal-title":"J. Environ. Manag."},{"issue":"1","key":"10.1016\/j.jenvman.2025.127123_bib15","doi-asserted-by":"crossref","first-page":"87","DOI":"10.1016\/j.jfineco.2013.04.014","article-title":"Corporate social responsibility and stakeholder value maximization: evidence from mergers","volume":"110","author":"Deng","year":"2013","journal-title":"J. Financ. Econ."},{"issue":"3","key":"10.1016\/j.jenvman.2025.127123_bib16","doi-asserted-by":"crossref","first-page":"782","DOI":"10.1002\/bse.2917","article-title":"Institutional and stakeholder effects on carbon mitigation strategies","volume":"31","author":"Dhanda","year":"2021","journal-title":"Bus. Strat. Environ."},{"issue":"2","key":"10.1016\/j.jenvman.2025.127123_bib17","doi-asserted-by":"crossref","first-page":"147","DOI":"10.2307\/2095101","article-title":"The iron cage revisited: institutional isomorphism and collective rationality in organizational fields","volume":"48","author":"DiMaggio","year":"1983","journal-title":"Am. Sociol. Rev."},{"issue":"9","key":"10.1016\/j.jenvman.2025.127123_bib18","doi-asserted-by":"crossref","first-page":"2388","DOI":"10.1016\/j.jbankfin.2011.02.007","article-title":"Does corporate social responsibility affect the cost of capital?","volume":"35","author":"El Ghoul","year":"2011","journal-title":"J. Bank. Financ."},{"issue":"1","key":"10.1016\/j.jenvman.2025.127123_bib20","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.jfineco.2014.10.010","article-title":"A five-factor asset pricing model","volume":"116","author":"Fama","year":"2015","journal-title":"J. Financ. Econ."},{"key":"10.1016\/j.jenvman.2025.127123_bib21","doi-asserted-by":"crossref","first-page":"166","DOI":"10.1016\/j.gfj.2017.02.002","article-title":"Gains from mergers and acquisitions in Japan","volume":"32","author":"Fatemi","year":"2017","journal-title":"Glob. Finance J."},{"issue":"2","key":"10.1016\/j.jenvman.2025.127123_bib22","doi-asserted-by":"crossref","first-page":"499","DOI":"10.1016\/j.jfineco.2021.01.010","article-title":"Corporate green bonds","volume":"142","author":"Flammer","year":"2021","journal-title":"J. Financ. Econ."},{"issue":"9","key":"10.1016\/j.jenvman.2025.127123_bib23","doi-asserted-by":"crossref","first-page":"2580","DOI":"10.1093\/rfs\/hhu018","article-title":"The ownership of Japanese corporations in the 20th century","volume":"27","author":"Franks","year":"2014","journal-title":"Rev. Financ. Stud."},{"key":"10.1016\/j.jenvman.2025.127123_bib24","series-title":"Strategic Management: a Stakeholder Approach","author":"Freeman","year":"1984"},{"key":"10.1016\/j.jenvman.2025.127123_bib25","doi-asserted-by":"crossref","DOI":"10.1016\/j.jcorpfin.2021.101889","article-title":"Firms and social responsibility: a review of ESG and CSR research in corporate finance","volume":"66","author":"Gillan","year":"2021","journal-title":"J. Corp. Financ."},{"key":"10.1016\/j.jenvman.2025.127123_bib27","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2024.123468","article-title":"Do environmental, social, and governance standards improve the bargaining power of bidders? An empirical investigation","volume":"373","author":"Hussain","year":"2025","journal-title":"J. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.127123_bib28","doi-asserted-by":"crossref","first-page":"2617","DOI":"10.1093\/rfs\/hhad002","article-title":"Climate risk disclosure and institutional investors","volume":"36","author":"Ilhan","year":"2023","journal-title":"Rev. Financ. Stud."},{"issue":"4","key":"10.1016\/j.jenvman.2025.127123_bib29","doi-asserted-by":"crossref","first-page":"305","DOI":"10.1016\/0304-405X(76)90026-X","article-title":"Theory of the Firm: managerial behavior, agency costs and ownership structure","volume":"3","author":"Jensen","year":"1976","journal-title":"J. Financ. Econ."},{"key":"10.1016\/j.jenvman.2025.127123_bib30","doi-asserted-by":"crossref","DOI":"10.3389\/frsus.2022.920955","article-title":"ESG metrics and social equity: investigating commensurability","volume":"3","author":"Keeley","year":"2022","journal-title":"Front. Sustain."},{"key":"10.1016\/j.jenvman.2025.127123_bib31","article-title":"Socially responsible firms and mergers and acquisitions performance: australian evidence","volume":"57","author":"Krishnamurti","year":"2019","journal-title":"Pac. Basin Fin. J."},{"issue":"3","key":"10.1016\/j.jenvman.2025.127123_bib32","doi-asserted-by":"crossref","first-page":"1067","DOI":"10.1093\/rfs\/hhz137","article-title":"The importance of climate risks for institutional investors","volume":"33","author":"Krueger","year":"2020","journal-title":"Rev. Financ. Stud."},{"issue":"1","key":"10.1016\/j.jenvman.2025.127123_bib33","doi-asserted-by":"crossref","first-page":"97","DOI":"10.1111\/acfi.12597","article-title":"Green M&A, legitimacy and risk\u2010taking: evidence from China's heavy polluters","volume":"60","author":"Li","year":"2020","journal-title":"Account. Financ."},{"key":"10.1016\/j.jenvman.2025.127123_bib34","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2023.118439","article-title":"Does target country's climate risk matter in cross-border M&A? The evidence in the presence of geopolitical risk","volume":"344","author":"Li","year":"2023","journal-title":"J. Environ. Manag."},{"issue":"32","key":"10.1016\/j.jenvman.2025.127123_bib35","doi-asserted-by":"crossref","first-page":"48937","DOI":"10.1007\/s11356-022-19270-3","article-title":"Green mergers and acquisitions and green innovation: an empirical study on heavily polluting enterprises","volume":"29","author":"Liang","year":"2022","journal-title":"Environ. Sci. Pollut. Res."},{"key":"10.1016\/j.jenvman.2025.127123_bib36","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2023.117973","article-title":"The impact of green mergers and acquisitions on illegal pollution discharge of heavy polluting firms: mechanism, heterogeneity and spillover effects","volume":"340","author":"Lu","year":"2023","journal-title":"J. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.127123_bib37","doi-asserted-by":"crossref","DOI":"10.1016\/j.jbankfin.2017.09.013","article-title":"Does corporate social responsibility create shareholder value? The importance of long-term investors","volume":"112","author":"Nguyen","year":"2020","journal-title":"J. Bank. Financ."},{"key":"10.1016\/j.jenvman.2025.127123_bib38","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2023.119544","article-title":"Scaling up the transition: the role of corporate governance mechanisms in promoting circular economy strategies","volume":"349","author":"Palea","year":"2024","journal-title":"J. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.127123_bib39","article-title":"IPBES-IPCC co-sponsored workshop report on biodiversity and climate change","volume":"10","author":"P\u00f6rtner","year":"2021","journal-title":"IPBES and IPCC"},{"key":"10.1016\/j.jenvman.2025.127123_bib40","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2022.114707","article-title":"Do corporate governance mechanisms curb the anti-environmental behavior of firms worldwide? An illustration through waste management","volume":"310","author":"Shahab","year":"2022","journal-title":"J. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.127123_bib41","article-title":"Long-term financial performance of corporate social responsibility","volume":"50","author":"Shirasu","year":"2021","journal-title":"Glob. Fin. J."},{"key":"10.1016\/j.jenvman.2025.127123_bib42","series-title":"Japan's Financial System","first-page":"173","article-title":"Nonhomogeneous characteristics of institutional investors and ESG: from long-term investment in Japanese firms and CO2","author":"Shirasu","year":"2025"},{"issue":"4","key":"10.1016\/j.jenvman.2025.127123_bib43","doi-asserted-by":"crossref","first-page":"798","DOI":"10.1108\/SRJ-10-2016-0170","article-title":"CSR and cost of capital: evidence from Japan","volume":"13","author":"Suto","year":"2017","journal-title":"Soc. Responsib. J."},{"issue":"5","key":"10.1016\/j.jenvman.2025.127123_bib44","doi-asserted-by":"crossref","first-page":"1865","DOI":"10.1002\/bse.2475","article-title":"The effect of mergers and acquisitions on environmental, social and governance performance and market value: evidence from EU acquirers","volume":"29","author":"Tampakoudis","year":"2020","journal-title":"Bus. Strat. Environ."},{"key":"10.1016\/j.jenvman.2025.127123_bib45","doi-asserted-by":"crossref","DOI":"10.1016\/j.jcorpfin.2018.12.001","article-title":"Do shareholders benefit from green bonds?","volume":"61","author":"Tang","year":"2020","journal-title":"J. Corp. Financ."},{"issue":"2","key":"10.1016\/j.jenvman.2025.127123_bib46","doi-asserted-by":"crossref","first-page":"483","DOI":"10.1016\/j.jfineco.2019.06.007","article-title":"Institutional shareholders and corporate social responsibility","volume":"135","author":"Tao","year":"2020","journal-title":"J. Financ. Econ."},{"issue":"5","key":"10.1016\/j.jenvman.2025.127123_bib47","doi-asserted-by":"crossref","first-page":"1768","DOI":"10.1002\/csr.2325","article-title":"Detangling the role of environmental, social, and governance factors on M&A performance","volume":"29","author":"Teti","year":"2022","journal-title":"Corp. Soc. Responsib. Environ. Manag."},{"issue":"6","key":"10.1016\/j.jenvman.2025.127123_bib48","doi-asserted-by":"crossref","DOI":"10.1088\/1748-9326\/ab1118","article-title":"Green bonds for the Paris Agreement and sustainable development goals","volume":"14","author":"Tolliver","year":"2019","journal-title":"Environ. Res. Lett."},{"key":"10.1016\/j.jenvman.2025.127123_bib49","doi-asserted-by":"crossref","DOI":"10.1016\/j.jclepro.2019.118643","article-title":"Drivers of green bond market growth: the importance of nationally Determined contributions to the Paris Agreement and implications for sustainability","volume":"244","author":"Tolliver","year":"2020","journal-title":"J. Clean. Prod."},{"key":"10.1016\/j.jenvman.2025.127123_bib50","doi-asserted-by":"crossref","DOI":"10.1016\/j.techfore.2020.120051","article-title":"Policy targets behind green bonds for renewable energy: do climate commitments matter?","volume":"157","author":"Tolliver","year":"2020","journal-title":"Technol. Forecast. Soc. Chang."},{"key":"10.1016\/j.jenvman.2025.127123_bib51","doi-asserted-by":"crossref","DOI":"10.1016\/j.rser.2020.109779","article-title":"Divestment trends in Japan's international coal businesses","volume":"124","author":"Trencher","year":"2020","journal-title":"Renew. Sustain. Energy Rev."},{"issue":"4","key":"10.1016\/j.jenvman.2025.127123_bib52","doi-asserted-by":"crossref","first-page":"1248","DOI":"10.1002\/bse.3185","article-title":"From carbon dependence to renewables: the European oil majors' strategies to face climate change","volume":"32","author":"Vieira","year":"2022","journal-title":"Bus. Strat. Environ."},{"key":"10.1016\/j.jenvman.2025.127123_bib53","series-title":"Economic Losses, Poverty & Disasters: 1998\u20132017","author":"Wallemacq","year":"2018"},{"issue":"5","key":"10.1016\/j.jenvman.2025.127123_bib54","doi-asserted-by":"crossref","first-page":"929","DOI":"10.1017\/S0022109015000459","article-title":"Industry expertise of independent directors and board monitoring","volume":"50","author":"Wang","year":"2015","journal-title":"J. Financ. Quant. Anal."},{"key":"10.1016\/j.jenvman.2025.127123_bib55","first-page":"1","article-title":"Green loans and the transformation of heavy polluters: evidence from China","author":"Xu","year":"2023","journal-title":"J. Econ. Financ"},{"issue":"1","key":"10.1016\/j.jenvman.2025.127123_bib56","doi-asserted-by":"crossref","first-page":"402","DOI":"10.1002\/csr.2362","article-title":"Stakeholder engagement as a sustainable development strategy: managerial entrenchment for cross-shareholdings","volume":"30","author":"Yoshida","year":"2023","journal-title":"Corp. Soc. Responsib. Environ. Manag."},{"key":"10.1016\/j.jenvman.2025.127123_bib57","doi-asserted-by":"crossref","DOI":"10.1016\/j.jenvman.2024.120272","article-title":"Quantity and quality: the impact of environmental, social, and governance (ESG) performance on corporate green innovation","volume":"354","author":"Zhang","year":"2024","journal-title":"J. Environ. Manag."},{"issue":"4","key":"10.1016\/j.jenvman.2025.127123_bib58","first-page":"1764","article-title":"Carbon risk management and corporate competitive advantages: \u201cdifferential promotion\u201d or \u201ccost hindrance\u201d? Bus. Strat","volume":"29","author":"Zhou","year":"2020","journal-title":"Environ. Times"}],"container-title":["Journal of Environmental Management"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0301479725030993?httpAccept=text\/xml","content-type":"text\/xml","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/api.elsevier.com\/content\/article\/PII:S0301479725030993?httpAccept=text\/plain","content-type":"text\/plain","content-version":"vor","intended-application":"text-mining"}],"deposited":{"date-parts":[[2026,3,6]],"date-time":"2026-03-06T17:38:31Z","timestamp":1772818711000},"score":1,"resource":{"primary":{"URL":"https:\/\/linkinghub.elsevier.com\/retrieve\/pii\/S0301479725030993"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2025,10]]},"references-count":56,"alternative-id":["S0301479725030993"],"URL":"https:\/\/doi.org\/10.1016\/j.jenvman.2025.127123","relation":{},"ISSN":["0301-4797"],"issn-type":[{"value":"0301-4797","type":"print"}],"subject":[],"published":{"date-parts":[[2025,10]]},"assertion":[{"value":"Elsevier","name":"publisher","label":"This article is maintained by"},{"value":"Do climate change risks and corporate governance encourage green M&A?","name":"articletitle","label":"Article Title"},{"value":"Journal of Environmental Management","name":"journaltitle","label":"Journal Title"},{"value":"https:\/\/doi.org\/10.1016\/j.jenvman.2025.127123","name":"articlelink","label":"CrossRef DOI link to publisher maintained version"},{"value":"article","name":"content_type","label":"Content Type"},{"value":"\u00a9 2025 Elsevier Ltd. All rights are reserved, including those for text and data mining, AI training, and similar technologies.","name":"copyright","label":"Copyright"}],"article-number":"127123"}}