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- W3123926515 abstract "We study the stock market reaction to announcements of global green vehicle innovation over a 14‐year time span (1996–2009) using the event study methodology. We document that the stock market generally reacts positively to automakers' announcements of environmental innovations, consistent with prior research on the wealth effects of innovation announcements. Our results indicate that crucial green product development decisions such as innovation type and market segment choices exert direct influence on a firm's market value. These results hold after controlling for firm size, leverage, profitability, R&D intensity, and oil price changes." @default.
- W3123926515 created "2021-02-01" @default.
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- W3123926515 date "2012-10-22" @default.
- W3123926515 modified "2023-10-16" @default.
- W3123926515 title "Stock Market Reaction to Green Vehicle Innovation" @default.
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- W3123926515 doi "https://doi.org/10.1111/j.1937-5956.2012.01387.x" @default.
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