This study provides further insight into the information content of dividends by investigating stock price reaction to the announcement of cash dividends in the unique environments presented by Jamaica and Trinidad and Tobago. In the case of Jamaica, we document a positive relationship between...

The effects of climate change and environmental sustainability are among the major issues of the 21st century and so called “green companies” have been attracting a lot of attention. This paper investigates whether or not the stock prices of “green companies” are more sensitive to...

Firms around the globe have enhanced their green credentials as a means of increasing competitiveness and improving firm performance. The literature on firms and news suggests that stock prices of most firms tends to be very responsive to news items in the short-term. However, many green...