Do stock investors value corporate sustainability? Evidence from an event study

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Do stock investors value corporate sustainability? Evidence from an event study

This paper analyzes the impacts of index inclusions and exclusions on corporate sustainable firms by studying a sample of US stocks that are added to or deleted from the Dow Jones Sustainability World Index over the period 2002–2008. The impacts are measured in terms of stock return, risk and liquid...

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Bibliographic Details
Main Author:	Cheung, Adrian
Format:	Journal Article
Published:	Springer Netherlands 2011
Subjects:	corporate sustainability – Dow Jones Sustainability World Index – event study – characteristic-based benchmark model
Online Access:	http://hdl.handle.net/20.500.11937/45995

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