Title: Does Carbon-Conscious Behavior Drive Firm Performance?: An Event Study On The Global 500 Companies
Publisher: Gabler
Publication Date: 2011
Language: English
ISBN 10: 3834929646
ISBN 13: 9783834929648
Binding: Paperback
Condition: Brand New
Weight: 0.24 kilograms

About this title

Synopsis

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.

About the Author

Dr. Adrian Renner completed his doctoral thesis at the chair of industrial management at the University of Erlangen-Nuremberg.

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