| Autor: |
WU-PO LIU, LI-YA LO, WAN-CI HUANG |
| Předmět: |
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| Zdroj: |
Journal of Information Science & Engineering; Jul2024, Vol. 40 Issue 4, p799-811, 13p |
| Abstrakt: |
This study investigates the market reactions to firms' inclusion in the Environmental, Social, and Governance (ESG) index. Specifically, we investigate whether firms that adopt the Task Force on Climate-Related Financial Disclosures (TCFD) framework experience variations in abnormal returns. Analyzing a sample of 71 companies from the FTSE ESG index in Taiwan between 2019 and 2021, we discern a positive market reaction to companies incorporated into the ESG index. Additionally, companies that embrace the TCFD framework demonstrate elevated abnormal returns. Contrary to prior research indicating a negative market impression of Asian companies with superior sustainability achievements, our study implies a growing favorable perception by Asian investors toward companies actively participating in sustainability initiatives. [ABSTRACT FROM AUTHOR] |
| Databáze: |
Supplemental Index |
| Externí odkaz: |
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