文章基本信息

标题：Stock Market Reactions to Environmental News in the Food Industry
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作者：Deak, Zsuzsanna ; Karali, Berna ; Bosch, Darrell J. 等
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：2014
页码：209-225
出版社：Journal of Agribusiness
摘要：Few studies to date have addressed the relationship between the food industry’s environmental and financial performances although the industry is one of the biggest contributors of greenhouse gas emissions.We analyze the impact of environmental news about selected food companies on their stock prices. Results show that positive (negative) events that are the result of direct internal company actions lead to higher (lower) predicted returns, whereas events related to third-party opinions lead to smaller changes in predicted returns in short event windows. This study highlights the importance of conducting the analysis on a disaggregated basis by incorporating firm-level variables.
关键词：environmental performance;firm-level indicators;food industry;news impact;stock markets