Does the Stock Market Value the Inclusion in a Sustainability Stock Index? An Event Study Analysis for German Firms

Does the Stock Market Value the Inclusion in a Sustainability Stock Index? An Event Study Analysis for German Firms

This paper empirically analyzes the effect of the inclusion of German corporations in the Dow Jones STOXX Sustainability Index (DJSI STOXX) and the Dow Jones Sustainability World Index (DJSI World) on stock performance. In order to receive robust estimation results, we apply an event study approach...

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-д хадгалсан:
Номзүйн дэлгэрэнгүй
-д хэвлэсэн:MAGKS - Joint Discussion Paper Series in Economics (Band 30-2011)
Үндсэн зохиолчид: Oberndorfer, Ulrich, Wagner, Marcus, Ziegler, Andreas
Формат: Arbeit
Хэл сонгох:англи
Хэвлэсэн: Philipps-Universität Marburg 2011
Нөхцлүүд:
Corporate financial performance
Wirtschaft
Three-factor model
Sustainability stock indexes
Event study
GARCH model
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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