Do investors in Spain react to news on sustainability and corporate social responsibility?
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Altres documents de l'autoria: Fernandez-Izquierdo, Maria Angeles; Aragó, Vicent; Matallín Sáez, Juan Carlos; Nieto Soria, Luisa
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Mostra el registre complet de l'elementcomunitat-uji-handle:10234/9
comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
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INVESTIGACIONMetadades
Títol
Do investors in Spain react to news on sustainability and corporate social responsibility?Autoria
Data de publicació
2009Editor
Inderscience EnterprisesISSN
1756-5804Tipus de document
info:eu-repo/semantics/articleVersió
info:eu-repo/semantics/acceptedVersionParaules clau / Matèries
Resum
We analyse whether sustainability and corporate social responsibility-related news affects returns of stocks traded on the Spanish stock market. We used event methodology and an approach consistent with the active ... [+]
We analyse whether sustainability and corporate social responsibility-related news affects returns of stocks traded on the Spanish stock market. We used event methodology and an approach consistent with the active management of investment portfolios. Results show that in the short term, investors do not consider these news items to be relevant, and they therefore have no effect on the price of the stocks analysed. This result holds when the study is conditioned to the type of news (positive or negative) and whether or not the stocks belong to an index formed following socially responsible investment criteria [-]
Publicat a
International journal of sustainable economy, vol. 1, no. 3 (2009), pp. 227-244Drets d'accés
© 2009 Inderscience Enterprises
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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