Ziegler, Andreas; Schröder, Michael; Rennings, Klaus - In: Environmental & Resource Economics 37 (2007) 4, pp. 661-680
This paper examines the effect of sustainability performance of European corporations on their stock performance, measured as the average monthly stock return from 1996 to 2001. The econometric analysis is based on common empirical asset pricing models, particularly on the multifactor model...