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Environmental incidents and firm value–international evidence using a multi-factor event study framework
16 references·5 citing·40 second hopsampled
Environmental incidents and firm value–international evidence using a multi-factor event study framework (2010)Environmental incidents and firm value–in…Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Econometrics of Event Studies…Corporate Social and Financial Performance: A Meta-Analysis (2003)Corporate Social and Financia…People and Profits? (2001)People and Profits?Does the Market Value Environmental Performance? (2001)Does the Market Value Environ…Corporate Social Performance and Firm Risk: A Meta-Analytic Review (2001)Corporate Social Performance …Characteristics, Covariances, and Average Returns: 1929 to 1997 (2000)Characteristics, Covariances,…Event Studies in Economics and Finance (1997)Event Studies in Economics an…The Impact of Environmental Management on Firm Performance (1996)The Impact of Environmental M…Pollution as News: Media and Stock Market Reactions to the Toxics Release Inventory Data (1995)Pollution as News: Media and …Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Event-study methodology under conditions of event-induced variance (1991)Event-study methodology under…Efficient Capital Markets: II (1991)Efficient Capital Markets: IIEfficient Capital Markets: II (1991)Efficient Capital Markets: IIUsing daily stock returns (1985)Using daily stock returnsMeasuring security price performance (1980)Measuring security price perf…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Corporate Forecasts of Earnin…Sustainability‐related transgressions in global supply chains: When do legitimacy spillovers hurt buying firms the most? (2023)Sustainability‐related transg…The Effect of CO2 Gas Emissions on the Market Value, Price and Shares Returns (2022)The Effect of CO2 Gas Emissio…Does environmental labeling exacerbate heavily polluting firms’ financial constraints? Evidence from China (2020)Does environmental labeling e…Market reactions to environmental policies: Evidence from China (2018)Market reactions to environme…The moderating effects of environmental risk of the industry on the relationship between corporate environmental and financial performance (2016)The moderating effects of env…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)On Persistence in Mutual Fund Performance (1997)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Event Study Methodology Since 1969 (1998)The Adjustment of Stock Prices to New Information (2003)Event Study Testing with Cross-sectional Correlation of Abnormal Returns (2010)Testing Asymmetric-Information Asset Pricing Models (2012)Data in Search of a Theory: A Critical Examination of the Relationships Among Social Performance, Social Disclosure, and Economic Performance of U.S. Firms (1985)Valuation effects of security offerings and the issuance process (1986)It's not Easy Being Green (1994)Relationships between operational practices and performance among early adopters of green supply chain management practices in Chinese manufacturing enterprises (2004)Do green supply chains lead to competitiveness and economic performance? (2005)Corporate green bonds (2021)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Earnings Management During Import Relief Investigations (1991)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)BEYOND DICHOTOMY: THE CURVILINEAR RELATIONSHIP BETWEEN SOCIAL RESPONSIBILITY AND FINANCIAL PERFORMANCE (2006)Does it Pay to Be Good...And Does it Matter? A Meta-Analysis of the Relationship between Corporate Social and Financial Performance (2011)On the Foundations of Corporate Social Responsibility (2016)An Empirical Evaluation of Accounting Income Numbers (1968)The Adjustment of Stock Prices to New Information (1969)Introductory Econometrics for Finance (2008)Corporate financing and investment decisions when firms have information that investors do not have (1984)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Capital markets research in accounting (2001)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)ARCH modeling in finance (1992)The arbitrage theory of capital asset pricing (1976)Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices (2000)The Iron Cage Revisited: Institutional Isomorphism and Collective Rationality in Organizational Fields (1983)Misery Loves Companies: Rethinking Social Initiatives by Business (2003)Firm resources and sustained competitive advantage (2004)The iron cage revisited institutional isomorphism and collective rationality in organizational fields (2004)Why would corporations behave in socially responsible ways? an institutional theory of corporate social responsibility (2007)ESG and financial performance: aggregated evidence from more than 2000 empirical studies (2015)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 2003Corporate Social and Financial Performance: A Meta-Analysis7,627 cited
  • 1985Using daily stock returns6,497 cited
  • 1991Efficient Capital Markets: II5,346 cited
  • 1997Event Studies in Economics and Finance4,623 cited
  • 1980Measuring security price performance3,330 cited
  • 1996The Impact of Environmental Management on Firm Performance2,729 cited
  • 1991Event-study methodology under conditions of event-induced variance1,777 cited
  • 1976Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test1,749 cited
  • 2001Does the Market Value Environmental Performance?1,403 cited
  • 1991Efficient Capital Markets: II1,271 cited
  • 2000Characteristics, Covariances, and Average Returns: 1929 to 19971,100 cited
  • 1995Pollution as News: Media and Stock Market Reactions to the Toxics Release Inventory Data1,089 cited
  • 2001Corporate Social Performance and Firm Risk: A Meta-Analytic Review1,060 cited
  • 2001People and Profits?957 cited
  • 2007Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance.

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  • 2016The moderating effects of environmental risk of the industry on the relationship between corporate environmental and financial performance49 cited
  • 2023Sustainability‐related transgressions in global supply chains: When do legitimacy spillovers hurt buying firms the most?47 cited
  • 2018Market reactions to environmental policies: Evidence from China38 cited
  • 2022The Effect of CO2 Gas Emissions on the Market Value, Price and Shares Returns38 cited
  • 2020Does environmental labeling exacerbate heavily polluting firms’ financial constraints? Evidence from China23 cited