Heiß, Moritz; Müller, Lukas; Ringel, Marc - In: Journal of Economics and Finance 50 (2026) 1
This study investigates the non-linear relationship between environmental, social, and governance (ESG) performance (proxied by LSEG ESG data) and short-term market reactions to the announcement of seasoned equity offerings (SEOs) among listed manufacturing firms in the U.S. The event-based...