Do investors in Spain react to news on sustainability and corporate social responsibility?
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Other documents of the author: Fernandez-Izquierdo, Maria Angeles; Aragó, Vicent; Matallín Sáez, Juan Carlos; Nieto Soria, Luisa
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comunitat-uji-handle2:10234/8648
comunitat-uji-handle3:10234/8649
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INVESTIGACIONMetadata
Title
Do investors in Spain react to news on sustainability and corporate social responsibility?Author (s)
Date
2009Publisher
Inderscience EnterprisesISSN
1756-5804Type
info:eu-repo/semantics/articleVersion
info:eu-repo/semantics/acceptedVersionSubject
Abstract
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 [-]
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International journal of sustainable economy, vol. 1, no. 3 (2009), pp. 227-244Rights
© 2009 Inderscience Enterprises
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info:eu-repo/semantics/openAccess
http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/openAccess
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