The effect of corporate environmental initiatives on firm value: evidence from Fortune 500 firms

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dc.contributor.authorWassmer, Ulrich
dc.contributor.authorCueto, Diego C.
dc.contributor.authorSwitzer, Lorne N.
dc.date.accessioned2021-10-13T20:24:46Z
dc.date.available2021-10-13T20:24:46Z
dc.date.issued2014-06-20
dc.description.abstractWhen do firms derive value from investing in environmental initiatives (CEIs)? We examine stock market responses to the announcements of 183 CEIs by 71 Fortune 500 firms during the period 2002 to 2008. We find that the stock market reacts positively to such announcements but does not react differently to CEIs concerning a firm’s inputs, throughputs, and outputs. We also find that there is an inverted U-shaped relationship between the timing of a CEI and the abnormal stock market return following its announcement. Overall, this study shows that timing is a relevant explanatory factor for the value firms derive from investing in environmental action.en_EN
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dc.identifier.citationWassmer, U., Cueto, D. C., Switzer, L. N. (2014). The effect of corporate environmental initiatives on firm value: evidence from Fortune 500 firms. M@n@gement, 17(1), 1-19. https://doi.org/10.3917/mana.171.0001
dc.identifier.doihttps://doi.org/10.3917/mana.171.0001
dc.identifier.urihttps://hdl.handle.net/20.500.12640/2527
dc.languageInglés
dc.language.isoeng
dc.publisherAssociation Internationale de Management Strategique (AIMS)
dc.publisher.countryFR
dc.relation.ispartofurn:issn:1286-4692
dc.relation.urihttps://www.cairn.info/revue-management-2014-1-page-1.htm
dc.rightsinfo:eu-repo/semantics/openAccess*
dc.rightsAttribution-NonCommercial 4.0 Internationalen
dc.rights.urihttps://creativecommons.org/licenses/by-nc/4.0/
dc.subjectCorporate environmental actionen_EN
dc.subjectEnvironmental sustainabilityen_EN
dc.subjectAcción ambiental corporativaes_ES
dc.subjectValue creationen_EN
dc.subjectSostenibilidad ambientales_ES
dc.subjectCreación de valores_ES
dc.subjectEvent study methodologyen_EN
dc.subjectMetodología de estudio de eventoses_ES
dc.subject.ocdehttps://purl.org/pe-repo/ocde/ford#5.02.04
dc.titleThe effect of corporate environmental initiatives on firm value: evidence from Fortune 500 firmsen_EN
dc.typeinfo:eu-repo/semantics/article
dc.type.otherArtículo
dc.type.versioninfo:eu-repo/semantics/publishedVersion
local.author.orcidhttps://orcid.org/0000-0002-5292-979X
oaire.citation.endPage19
oaire.citation.issue1
oaire.citation.startPage1
oaire.citation.titleM@n@gement
oaire.citation.volume17

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