Skip to main content
Duke University Libraries
DukeSpace Scholarship by Duke Authors
  • Login
  • Ask
  • Menu
  • Login
  • Ask a Librarian
  • Search & Find
  • Using the Library
  • Research Support
  • Course Support
  • Libraries
  • About
View Item 
  •   DukeSpace
  • Theses and Dissertations
  • Nicholas School of the Environment
  • View Item
  •   DukeSpace
  • Theses and Dissertations
  • Nicholas School of the Environment
  • View Item
JavaScript is disabled for your browser. Some features of this site may not work without it.

The Impact of Climate and Energy Initiatives on Firm Value

Thumbnail
View / Download
899.6 Kb
Date
2012-04-27
Author
Zhang, Zhenni
Advisor
Kramer, Randall A.
Repository Usage Stats
268
views
835
downloads
Abstract
This study explores the causal relationship between firms’ climate actions and financial performance. I examined the market reactions associated with announcements of two categories of climate and energy initiatives with the event study approach. The first category includes 20 announcements of major corporations announcing their intent to participate in the U.S. Climate Action Partnership (US CAP) program. The second category includes 100 announcements of these companies’ own specific climate actions or investments. This study finds no significant relationship for the aggregate data or firms’ own climate actions or investments. However, I do find that the market reacts positively to firms’ announcements of participating in the US CAP. This result implies that collective action among corporate leaders does not only have the potential to benefit society in combating climate change, but also to directly create shareholder value.
Type
Master's project
Department
Nicholas School of the Environment and Earth Sciences
Subject
environmental news, corporate social responsibility, climate and energy initiatives, shareholder wealth, event study approach
Permalink
https://hdl.handle.net/10161/5322
Citation
Zhang, Zhenni (2012). The Impact of Climate and Energy Initiatives on Firm Value. Master's project, Duke University. Retrieved from https://hdl.handle.net/10161/5322.
Collections
  • Nicholas School of the Environment
More Info
Show full item record
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.

Rights for Collection: Nicholas School of the Environment


Works are deposited here by their authors, and represent their research and opinions, not that of Duke University. Some materials and descriptions may include offensive content. More info

Make Your Work Available Here

How to Deposit

Browse

All of DukeSpaceCommunities & CollectionsAuthorsTitlesTypesBy Issue DateDepartmentsAffiliations of Duke Author(s)SubjectsBy Submit DateThis CollectionAuthorsTitlesTypesBy Issue DateDepartmentsAffiliations of Duke Author(s)SubjectsBy Submit Date

My Account

LoginRegister

Statistics

View Usage Statistics
Duke University Libraries

Contact Us

411 Chapel Drive
Durham, NC 27708
(919) 660-5870
Perkins Library Service Desk

Digital Repositories at Duke

  • Report a problem with the repositories
  • About digital repositories at Duke
  • Accessibility Policy
  • Deaccession and DMCA Takedown Policy

TwitterFacebookYouTubeFlickrInstagramBlogs

Sign Up for Our Newsletter
  • Re-use & Attribution / Privacy
  • Harmful Language Statement
  • Support the Libraries
Duke University