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Corporate Environmental Responsibility and Equity Prices

โœ Scribed by Cai, Li; He, Chaohua


Book ID
121609797
Publisher
Springer
Year
2013
Tongue
English
Weight
359 KB
Volume
125
Category
Article
ISSN
0167-4544

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Corporate Governance and Equity Prices
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Shareholder rights vary across firms. Using the incidence of 24 governance rules, we construct a "Governance Index" to proxy for the level of shareholder rights at about 1500 large firms during the 1990s. An investment strategy that bought firms in the lowest decile of the index (strongest rights) a