Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Stock Price Effects of Climate Activism: Evidence from the First Global Climate Strike |
| Organization Unit | |
| Authors |
|
| Item Subtype | Original Work |
| Refereed | Yes |
| Status | Published in final form |
| Language |
|
| Journal Title | Journal of Corporate Finance |
| Publisher | Elsevier |
| Geographical Reach | international |
| ISSN | 0929-1199 |
| Volume | 69 |
| Page Range | 102018 |
| 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 | DOI |
| Official URL | https://www.sciencedirect.com/science/article/pii/S0929119921001395 |
| Related URLs | |
| Digital Object Identifier | 10.1016/j.jcorpfin.2021.102018 |
| Other Identification Number | merlin-id:21293 |
| PDF File |
Download from ZORA
|
| Export |
BibTeX
EP3 XML (ZORA)
|