Economic policy uncertainty and stock price reactions to ESG news경제정책 불확실성과 ESG 뉴스에 대한 주가반응
In this paper, I document investors’ time-varying stock price reactions to Environmental, Social and Governance (ESG) news depending on the policy induced uncertainty (EPU). The results show that investors’ stock price reactions to ESG news are higher during uncertain periods due to the attention to social trust. And cross-sectional analysis show that firms that have good past performance on ESG gain higher stock price reactions during uncertain periods. The implications provide insights for firms’ strategic disclosure of ESG news and maintaining socially responsible behavior.
- Advisors
- 곽병진researcher
- Description
- 한국과학기술원 :경영공학부,
- Publisher
- 한국과학기술원
- Issue Date
- 2024
- Identifier
- 325007
- Language
- eng
- Description
학위논문(석사) - 한국과학기술원 : 경영공학부, 2024.2,[ii, 51 p. :]
- Keywords
경제정책 불확실성▼a기업의 사회적 책임▼aESG▼a주가반응; economic policy uncertainty▼acorporate social responsibility▼aESG▼astock price reactions
- Appears in Collection
- MT-Theses_Master(석사논문)
- Files in This Item
- There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.