Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Stock Price Effects of Climate Activism: Evidence from the First Global Climate Strike |
| Organization Unit | |
| Authors |
|
| Language |
|
| Institution | University of Zurich |
| Series Name | SSRN |
| Number | 3544669 |
| ISSN | 1556-5068 |
| Date | 2021 |
| Abstract Text | The first Global Climate Strike on March 15, 2019, represented a historical turning point in climate activism. We investigate the cross-section of stock price reactions to this event for a large sample of European firms. The strike's unanticipated success caused a decrease in the stock prices of carbon-intensive firms. The effect appears to be driven by the increased public attention to climate activism. Furthermore, after the first Global Climate Strike financial analysts downgraded their longer-term earnings forecasts on carbon-intensive firms. |
| Free access at | Official URL |
| Official URL | https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3544669 |
| Related URLs | |
| Other Identification Number | merlin-id:21142 |
| PDF File |
Download from ZORA
|
| Export |
BibTeX
EP3 XML (ZORA)
|
| Keywords | Climate change, climate strikes, stock returns, environmental performance, public attention, earnings forecasts |
| Additional Information | Journal of Corporate Finance, Forthcoming |