infonet-economy

This paper analyses how news-based scores in environmental CSR may have influence d the monthly stocks’ market return in UD and UK during the 2007–2014 period . By linear regression, we find that. Our models show a positive and significant relationship between the environmental score and the market performance. We also consistently measured the impact of environmental news-based ratings on the stock’s market return to be smaller than the Fama-French and momentum factors.