Arbeitspapier
Climate Sin Stocks: Stock price reactions to global climate strikes
The first Global Climate Strike on March 15, 2019 has represented a historical turn in climate activism. We investigate the cross-section of European stock price reactions to this event. Looking at a large sample of European firms, we find that the unanticipated success of this event caused a substantial stock price reaction on high-carbon intensity companies. These findings are likely driven by an update of investors' beliefs about the level of environmental social norms in the economy and the anticipation of future developments of climate regulation.
- ISBN
-
978-92-76-19455-2
- Sprache
-
Englisch
- Erschienen in
-
Series: JRC Working Papers in Economics and Finance ; No. 2020/03
- Klassifikation
-
Wirtschaft
Sustainable Development
Information and Market Efficiency; Event Studies; Insider Trading
Behavioral Finance: General‡
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- Thema
-
Climate risks
stock returns
event study
environmental preferences
sustainable finance
investor attention
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Stefano, Ramelli
Elisa, Ossola
Michela, Rancan
- Ereignis
-
Veröffentlichung
- (wer)
-
Publications Office of the European Union
- (wo)
-
Luxembourg
- (wann)
-
2020
- DOI
-
doi:10.2760/422081
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Stefano, Ramelli
- Elisa, Ossola
- Michela, Rancan
- Publications Office of the European Union
Entstanden
- 2020
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