Umeå universitets logga

umu.sePublikationer
Ändra sökning
RefereraExporteraLänk till posten
Permanent länk

Direktlänk
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annat format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annat språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf
Environmental incidents and firm value: international evidence using a multi-factor event study framework
Umeå universitet, Samhällsvetenskapliga fakulteten, Handelshögskolan vid Umeå universitet. (Department of Forest Economics, Centre of Environmental and Resource Economics, Swedish University of Agricultural Sciences, 901 87 Umeå, Sweden)
Umeå universitet, Samhällsvetenskapliga fakulteten, Handelshögskolan vid Umeå universitet.
2010 (Engelska)Ingår i: Applied Financial Economics, ISSN 0960-3107, E-ISSN 1466-4305, Vol. 20, nr 16, s. 1293-1307Artikel i tidskrift (Refereegranskat) Published
Abstract [en]

Event study methodology is used to analyse whether bad news in the form of Environmental (EV) incidents affect firm value negatively. An international sample of firms with EV incidents is studied. It is found that EV incidents are generally associated with the loss of value. For European firms, the loss is statistically significant and the magnitude of the abnormal returns should be of economic significance to corporations and investors. The results are not sensitive to multiple variations in methodology, including the use of international versions of the market model as well as of multi-factor models of the Fama-French type. Results are also robust to different parametric and nonparametric test statistics.

Ort, förlag, år, upplaga, sidor
2010. Vol. 20, nr 16, s. 1293-1307
Identifikatorer
URN: urn:nbn:se:umu:diva-38781DOI: 10.1080/09603107.2010.482516Scopus ID: 2-s2.0-77955357734OAI: oai:DiVA.org:umu-38781DiVA, id: diva2:381943
Tillgänglig från: 2010-12-29 Skapad: 2010-12-29 Senast uppdaterad: 2023-03-24Bibliografiskt granskad

Open Access i DiVA

Fulltext saknas i DiVA

Övriga länkar

Förlagets fulltextScopus

Person

Lundgren, TommyOlsson, Rickard

Sök vidare i DiVA

Av författaren/redaktören
Lundgren, TommyOlsson, Rickard
Av organisationen
Handelshögskolan vid Umeå universitet
I samma tidskrift
Applied Financial Economics

Sök vidare utanför DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetricpoäng

doi
urn-nbn
Totalt: 432 träffar
RefereraExporteraLänk till posten
Permanent länk

Direktlänk
Referera
Referensformat
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Annat format
Fler format
Språk
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Annat språk
Fler språk
Utmatningsformat
  • html
  • text
  • asciidoc
  • rtf