Zingg, Aline, Reiner, Gerald. 2013. The value of voluntary sustainability reporting - an event study in the financial services industry. In 20th EurOMA Conference, Hrsg. EurOMA, 1-10. Dublin, Ireland: None.

RIS

@INPROCEEDINGS{Zingg2013,
title = {The value of voluntary sustainability reporting - an event study in the financial services industry},
author = {Aline Zingg and Gerald Reiner},
publisher = {None},
year = {2013},
address = {Dublin, Ireland},
language = {EN},
pages = {1-10},
series = {20th EurOMA Conference},
abstract = {This paper investigates the relationship between voluntary sustainability reporting and the stock performance of financial firms. A multi-period event study is used to identify the abnormal return associated with the announcement of the publication of Global Reporting Initiative compliant reports. The findings suggest a negative effect on stock performance – implying that shareholder wealth decreases as a result of this announcement – although weakening over the years. Inspecting the days surrounding the announcement reveal that a negative reaction persists, the latter being simply delayed until after the event, hence hinting at a market disappointed by sustainability reports content.},
}