Article Dans Une Revue Journal of Corporate Finance Année : 2024

Long-term institutional investors and climate change news Beta

A. Hossain
  • Fonction : Auteur
A.-A. Abdullah-Al Masum
  • Fonction : Auteur
R. Benkraiem

Résumé

We predict and confirm that long-term institutional investors (LTIOs) play an important role in mitigating the negative market perceptions of US stocks following mainstream print media coverage of climate change. We observe a stronger effect of LTIOs for companies that lack corporate social responsibility and have less diverse and more co-opted boards. Overall, these findings indicate that the US equity market views LTIOs as effective monitors who can help guide companies facing climate risks toward a more sustainable trajectory.

Fichier principal
Vignette du fichier
JCF_2024.pdf (985.43 Ko) Télécharger le fichier
Origine Fichiers produits par l'(les) auteur(s)

Dates et versions

hal-05133745 , version 1 (28-06-2025)

Identifiants

Citer

A. Hossain, A.-A. Abdullah-Al Masum, R. Benkraiem. Long-term institutional investors and climate change news Beta. Journal of Corporate Finance, 2024, 89, pp.102693. ⟨10.1016/j.jcorpfin.2024.102693⟩. ⟨hal-05133745⟩

Collections

18 Consultations
0 Téléchargements

Altmetric

Partager

  • More