This paper investigates how stock prices respond to announcements of corporate
environmentally related news by using event study methodology. Examining 54 events
of Malaysia public listed companies from January 2008 to February 2011, this study find
that new exploration on environmentally related business or projects had significant
effect on abnormal return. In contrast, the statement of cost and benefits disclosed in
annual report or sustainability report present an insignificance impact on abnormal
return.
Notes
Final project report submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration (CeMBA)