Study: Companies that Disclose “Green” Efforts see a Spike in Stock Prices

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Sacramento Dave
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" Going “green” helps company stock. According to a joint UC Davis and UC Berkeley study released on January 29, companies that disclose “green” efforts see a spike in stock prices. The report, written by Paul Griffin of UCD and Yuan Sun of UCB, studied 172 companies that made voluntary disclosures of carbon-emission information between 2000 and 2010. In the five days surrounding these announcements, companies saw an average of nearly half a percent increase in stock prices. For small companies, “green” announcements had an even greater positive effect on stock prices. "

from: http://www.newsreview.com/sacramento/green-growth/content?oid=5639056

To read the abstract, visit: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1995132

To read the full report, visit: http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1995132_code252316.pdf?abstractid=1995132&mirid=5