When investors hold disproportionately high carbon emitters with associated increased carbon risk, a positive relationship exists between a firm’s carbon emissions and the association between the stock returns and dividend payment. If investors hold disproportionately high carbon emitters with the associated increased carbon risk stocks, the stock market reacts less positively (more negatively) to dividend increase (decrease) announcements. At the same time, if firms under-price their carbon risk, the stock market reacts less positively (more negatively) to dividend increase (decrease) announcements.
Previous research examining the link between board attributes and ecological strategies such as green innovation has primarily focused on structural board attributes, yielding mixed...
Cette étude explore les leviers à mobiliser pour réussir la transition vers un modèle économique durable dans les entreprises européennes face aux défis mondiaux...
À l'ère de l'intelligence artificielle, la transparence a profondément changé de nature. Là où elle se lisait autrefois sur une étiquette ou un emballage,...