Stock Market’s Reaction to Disclosure of Environmental Violations: Evidence from China
The stock market’s reaction to information disclosure of environmental violation events (EVEs) is investigated multi-dimensionally for Chinese listed companies, including variables such as pollution types, information disclosure sources, information disclosure levels, modernization levels of the reg...
| Authors: | ; ; |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Interlibrary Loan: | Interlibrary Loan for the Fachinformationsdienste (Specialized Information Services in Germany) |
| Published: |
2012
|
| In: |
Journal of business ethics
Year: 2012, Volume: 107, Issue: 2, Pages: 227-237 |
| Further subjects: | B
Event Study
B Information Disclosure B Stock Market B Event window B Environmental violation events |
| Online Access: |
Volltext (JSTOR) Volltext (lizenzpflichtig) |
MARC
| LEADER | 00000caa a22000002c 4500 | ||
|---|---|---|---|
| 001 | 1785644726 | ||
| 003 | DE-627 | ||
| 005 | 20250324045642.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 220112s2012 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10551-011-1035-2 |2 doi | |
| 035 | |a (DE-627)1785644726 | ||
| 035 | |a (DE-599)KXP1785644726 | ||
| 035 | |a (DE-He213)s10551-011-1035-2-e | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a 1 |2 ssgn | ||
| 100 | 1 | |a Xu, X. D. |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Stock Market’s Reaction to Disclosure of Environmental Violations: Evidence from China |
| 264 | 1 | |c 2012 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 520 | |a The stock market’s reaction to information disclosure of environmental violation events (EVEs) is investigated multi-dimensionally for Chinese listed companies, including variables such as pollution types, information disclosure sources, information disclosure levels, modernization levels of the region where the company locates, ultimate ownership of the company, and ownership held by the largest shareholder. Using the method of event study, daily abnormal return (AR) and accumulative abnormal return (CAR) are calculated under different event window for examining the extent to which the stock market responds to the EVEs. Furthermore, statistical significance of the difference in stock market reaction is compared between event firms with different characteristics. The relationship between CAR and its impact factors is examined by multivariate analysis. The findings reveal that the average reduction in market value is estimated to be much lower than the estimated changes in market value for similar events in other countries, demonstrating that the negative environmental events of Chinese listed companies currently have weak impact on the stock market. | ||
| 650 | 4 | |a Event window | |
| 650 | 4 | |a Event Study | |
| 650 | 4 | |a Stock Market | |
| 650 | 4 | |a Information Disclosure | |
| 650 | 4 | |a Environmental violation events | |
| 700 | 1 | |8 1\p |e VerfasserIn |0 (DE-588)142772399 |0 (DE-627)63885184X |0 (DE-576)333307208 |4 aut |a Zeng, Saixing | |
| 700 | 1 | |8 2\p |e VerfasserIn |0 (DE-588)142772852 |0 (DE-627)638853338 |0 (DE-576)333311930 |4 aut |a Tam, Chiming | |
| 773 | 0 | 8 | |i Enthalten in |t Journal of business ethics |d Dordrecht : Springer, 1982 |g 107(2012), 2, Seite 227-237 |h Online-Ressource |w (DE-627)270937129 |w (DE-600)1478688-6 |w (DE-576)121465284 |x 1573-0697 |7 nnas |
| 773 | 1 | 8 | |g volume:107 |g year:2012 |g number:2 |g pages:227-237 |
| 856 | |3 Volltext |u http://www.jstor.org/stable/41476244 |x JSTOR | ||
| 856 | 4 | 0 | |u https://doi.org/10.1007/s10551-011-1035-2 |x Resolving-System |z lizenzpflichtig |3 Volltext |
| 883 | |8 1 |a cgwrk |d 20250301 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | ||
| 883 | |8 2 |a cgwrk |d 20250301 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | ||
| 935 | |a mteo | ||
| 951 | |a AR | ||
| ELC | |a 1 | ||
| ITA | |a 1 |t 1 | ||
| LOK | |0 000 xxxxxcx a22 zn 4500 | ||
| LOK | |0 001 4033703608 | ||
| LOK | |0 003 DE-627 | ||
| LOK | |0 004 1785644726 | ||
| LOK | |0 005 20220112043746 | ||
| LOK | |0 008 220112||||||||||||||||ger||||||| | ||
| LOK | |0 035 |a (DE-Tue135)IxTheo#2021-12-30#95FD4CF26711827B48136AC92960C7DBA3B45BF6 | ||
| LOK | |0 040 |a DE-Tue135 |c DE-627 |d DE-Tue135 | ||
| LOK | |0 092 |o n | ||
| LOK | |0 852 |a DE-Tue135 | ||
| LOK | |0 852 1 |9 00 | ||
| LOK | |0 866 |x JSTOR#http://www.jstor.org/stable/41476244 | ||
| LOK | |0 935 |a ixzs |a ixrk |a zota | ||
| ORI | |a SA-MARC-ixtheoa001.raw | ||
