Does the stock market value the inclusion in a sustainability stock index? An event study analysis for German firms

By Ulrich Oberndorfer, P. Schmidt, Marcus Wagner, Andreas Ziegler. 2013

170 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/6c2ab3d1016d857e486dca8a1c2756b588c3d953

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. D. Antonioli
2. S. Borghesi
3. M. Mazzanti
4. T. Leirvik
5. Yevheniia Antoniuk
6. C. Ghisetti
7. Giulio Cainelli
8. S. Navrud

In Strategy and Management

1. D. Antonioli
2. S. Borghesi
3. T. Leirvik
4. Yevheniia Antoniuk
5. M. Mazzanti

Citations in the corpus

• Climate change events and stock market returns (2021, methodology): “Based on similar event studies (e.g. Oberndorfer et al. 2013; Sorokina, Booth, and Thornton 2013; Qian, Suryani, and Xing 2020; Alsai fi , Elnahass, and Salama 2020), we de fi ned the event window as 1, 3, or 5 days before and after the event.”
• Are regional systems greening the economy? Local spillovers, green innovations and firms’ economic performances (2016, background): “…manufacturing and service sectors; Earnhart and Lizal (2010) have investigated the environmental–economic performances of the Czech firms, whereas Oberndorfer et al. (2013) have examined the extent to which stock market value incorporates green firms’ features in the case of large German…”