The effect of green announcements on stock returns of New Zealand listed companies

• Main Author: DING, David K.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: green announcements; market reaction; environment; social responsibility; New Zealand; Business and Corporate Communications; Business Organizations Law; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6666; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7671/viewcontent/JSR_1309_pvoa.pdf
• Institution: Singapore Management University

The purpose of this paper is to investigate the effect of corporate green announcements on the stock performance of listed companies in New Zealand. We find that the market has a positive, though not significant, reaction to the announcements. New Zealand companies are largely viewed to be already q...