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How Does the Stock Market React to Corporate Environmental News?

 

Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description
 

The environmental decisions of corporations can have a huge impact on both the environment and a company’s value. This paper finds that the stock market reacts negatively to news about the environmental behavior of firms. A 2009 Newsweek study on the “greenness” of companies is used in the study. The event study methodology is used with stock prices to measure the stock market reaction by creating Cumulative Abnormal Returns. Results also show that there is no relationship between Green Score and stock returns of ranked companies, but the unanticipated portions of the rankings do have a significant negative effect on rankings. The average abnormal returns of all the companies are also significantly negative suggesting that investors react adversely to “green” news.

Product Specifications
SKU :COC63709
AuthorChuck Anderson-Weir
LanguageEnglish
BindingPaperback
Number of Pages52
Publishing Year2013-02-19T00:00:00.000
ISBN9783659348099
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00
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