dc.contributor.author | Hembre, Jesper Nordgaard | |
dc.contributor.author | Engen, Chrisander Kollen | |
dc.date.accessioned | 2021-11-02T14:42:41Z | |
dc.date.available | 2021-11-02T14:42:41Z | |
dc.date.issued | 2021 | |
dc.identifier.uri | https://hdl.handle.net/11250/2827345 | |
dc.description | Masteroppgave(MSc) in Master of Science in Finance/(Financial Economics) - Handelshøyskolen BI,2021 | en_US |
dc.description.abstract | This thesis aims to investigate whether shifts in ESG can be driven
by nancial incentives rather than sustainability itself by employing
an event study methodology. We rst analyse abnormal trading
volumes and nd that the shifts carry a signi cant weight. Next,
we investigate if the shifts carry any price impact by analysing abnormal
returns. We nd that only the more material shifts carry
a price impact from the abnormal return analysis. Lastly, we nd
that companies are improving their sustainable performance by
analysing the development in ESG ratings and pillar scores following
the shifts. We conclude that shifts in ESG are not driven by
the hypothesised nancial incentives, and that companies are improving
their sustainable performance after the announced shift. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Handelshøyskolen BI | en_US |
dc.subject | finans | en_US |
dc.subject | finance | en_US |
dc.subject | financial economics | en_US |
dc.title | Is the Philosopher's Stone Green? An Event Study on Market Reactions to Green Initiatives in Listed Companies | en_US |
dc.type | Master thesis | en_US |