This paper examines the relationship between corporate activities to address climate change and stock performance. By separately analyzing the US and European stock markets for different sub-periods, we highlight the impact of the underlying climate policy regime. Methodologically, we compare...

Hohe Konzentrationen von Luftschadstoffen, insbesondere von Feinstaub (PM10) und bodennahem Ozon, gefährden die Gesundheit und können im Falle von Ozon auch die Vegetation schädigen. Als Mitglied der Europäischen Union ist die Bundesrepublik Deutschland verpflichtet die Einhaltung der...

Certain types of corporate social responsibility (CSR) activities can generate an ‘insurance-like’ benefit for firms (Godfrey, 2005). Thus far, this risk management hypothesis has been verified for the effects of firm-specific negative events. We argue that this insurance-like benefit of...

This paper examines the relationship between corporate activities to address climate change and stock performance. By separately analyzing the US and European stock markets for different sub-periods, we highlight the impact of the underlying climate policy regime. Methodologically, we compare...