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Full-Text Articles in Social and Behavioral Sciences
Valuing “Green” How “Going Green” Affects A Company’S Stock Price, Alexia Bayer
Valuing “Green” How “Going Green” Affects A Company’S Stock Price, Alexia Bayer
Honors Projects in Finance
Environmentally conscious decision making has become a prominent topic in business that has the potential to affect the public opinion and performance of companies. This project seeks to identify whether or not positive changes in excess return might offer an incentive for companies to adopt green initiatives. It examines the ways in which companies’ green initiatives, as measured by their annual Carbon Disclosure Project S&P 500 Climate Change Report score, impact their stock price. In other words, is there value in “going green”? It is hypothesized that companies exhibiting greater variance in their environmental initiatives from one year to the …