This paper examines the stock market’s valuation of the tone and information complexity of new investment decisions. Abnormal returns are estimated for a sample of 517 investment announcements for listed UK firms for the period 2013 to 2021. We...
This paper examines the stock market reaction to company investment decisions with and without a sustainability objective. Abnormal returns are estimated using a standard event study methodology for a sample of 517 investment announcements for listed...
We examine the impact of demutualization announcements by 13 life insurance companies during 1996-2000 on the value of existing stock-owned life insurance companies and companies in other segments of the insurance industry. Demutualization announceme...
As of now, very few research studies have examined the effects of financial constraints on the short- and long-term performances of companies after their announcement of convertible bonds. Due to asymmetric information, previous studies consider issu...
Sustainable and responsible investing (SRI) is a strategy that seeks to combine both financial return and social good. The need to create and preserve SRI represents a key argument in investment decision-making, which leads other firms and investors...
The task of investing in financial markets to make profits and grow one’s wealth is not a straightforward task. Typically, financial domain experts, such as investment advisers and financial analysts, conduct extensive research on a target fina...
To promote corporate social responsibility (CSR) in emerging markets such as South Korea to the level of developed nations, support from capital market investors is necessary. That is, CSR activities expand if capital market investors actively invest...
This research analyzes the BOVESPA stock market response to the worst drought occurred in the last 100 years in Brazil. For this purpose, we conducted a standard event study analysis in order to assess the financial response to such hydrological risk...
The European Union’s Artificial Intelligence Act (EU AI Act) is expected to be a major legal breakthrough in an attempt to tame AI’s negative aspects by setting common rules and obligations for companies active in the EU Single Market. Gl...
The growing importance of socially responsible investments is causing a rapid increase in the number of various ESG indices. This raises the question of whether the index design matters to stock market investors. The purpose of the article is therefo...
Developing clean and renewable energy instead of the ones related to hydrocarbon resources has been known as one of the different ways to guarantee reduced greenhouse gas emissions. Geothermal systems and native hydrogen exploration could represent a...
This paper investigates the drivers of the market’s reaction to share repurchase announcements in the UK and the related abnormality in stock performance. It uniquely captures the impact of globalisation in tandem with a variety of firm-level a...
In 2017 the World Health Organization (WHO) announced a list of the 12 multidrug-resistant (MDR) families of bacteria that pose the greatest threat to human health, and recommended that new measures should be taken to promote the development of new t...
In the context of carbon peaking and carbon neutrality goals, in order to clarify the investment direction for investors, China Securities Index Co., Ltd. (CSI) has collaborated with the Shanghai Environmental Energy Exchange to develop the CSI SEEE...
The Kingdom of Saudi Arabia is working to establish cities based on the economy and attract investments such as Neom and The Line. Moreover, at the beginning of 2021, the Saudi government announced that it will stop dealing with foreign companies tha...
Medium size developing countries like Chile that commit to decarbonization goals need to carefully assess the trade-offs associated to their intensity and timing, since most of the technologies required will be absorbed, not produced, by these countr...