Does carbon-conscious behavior drive firm performance? [electronic resource] : An event study on the Global 500 companies / by Adrian Renner.
By: Renner, Adrian [author.].
Contributor(s): SpringerLink (Online service).
Material type:
BookPublisher: Wiesbaden : Gabler, 2011Description: XXIV, 168p. 21 illus. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9783834962249.Subject(s): Economics | Economics/Management Science | Finance/Investment/BankingDDC classification: 657.8333 | 658.152 Online resources: Click here to access online
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Springer eBooksSummary: Climate change and its implications for consumers and policymakers, have been discussed extensively. Adrian Renner provides a unique perspective on how stockholders react if companies move towards a carbon-conscious future. A multi-country event study approach was used to analyze stock market reactions of the largest 500 companies globally. The analysis shows that depending on the situation of the company outcomes vary substantially. For example, Asian companies were gratified by investors for their carbon-conscious behavior while European and North American companies got punished for this.
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Climate change and its implications for consumers and policymakers, have been discussed extensively. Adrian Renner provides a unique perspective on how stockholders react if companies move towards a carbon-conscious future. A multi-country event study approach was used to analyze stock market reactions of the largest 500 companies globally. The analysis shows that depending on the situation of the company outcomes vary substantially. For example, Asian companies were gratified by investors for their carbon-conscious behavior while European and North American companies got punished for this.
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