This research empirically analyzes and examines the influence of environmental performance and environmental disclosure on stock return. The environmental performance variable was measured based on PROP-ER (government ranks), and the environmental disclosure was assessed using index. The stock return variable was reflected by cumulative abnormal return. The samples used in this research were 41 companies with the observing year of 2015-2017; thus, the total samples were 123. The data was analyzed using Statistical Package for Social Science with multiple linear regression analysis methods. The results showed that the environmental performance variable had a positive impact on stock return. The environmental disclosure variable had a positive impact on the stock return, which means the higher environmental disclosure items by the company, the higher investor's positive responds reflected through the stock return.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.