© 2011

Does carbon-conscious behavior drive firm performance?

An event study on the Global 500 companies

  • Authors

Table of contents

  1. Front Matter
    Pages 1-23
  2. Adrian Renner
    Pages 1-29
  3. Adrian Renner
    Pages 30-53
  4. Adrian Renner
    Pages 54-63
  5. Adrian Renner
    Pages 87-112
  6. Adrian Renner
    Pages 113-119
  7. Adrian Renner
    Pages 120-136
  8. Back Matter
    Pages 137-168

About this book


Climate change and its implications for consumers and policymakers, have been discussed extensively. Adrian Renner provides a unique perspective on how stockholders react if companies move towards a carbon-conscious future. A multi-country event study approach was used to analyze stock market reactions of the largest 500 companies globally. The analysis shows that depending on the situation of the company outcomes vary substantially. For example, Asian companies were gratified by investors for their carbon-conscious behavior while European and North American companies got punished for this.


carbon disclosure carbon footprint climate-friendly behavior multi-country event study stock market reaction

About the authors

Dr. Adrian Renner completed his doctoral thesis at the chair of industrial management at the University of Erlangen-Nuremberg.

Bibliographic information

  • Book Title Does carbon-conscious behavior drive firm performance?
  • Book Subtitle An event study on the Global 500 companies
  • Authors Adrian Renner
  • DOI
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2011
  • Publisher Name Gabler
  • eBook Packages Business and Economics Economics and Finance (R0)
  • Softcover ISBN 978-3-8349-2964-8
  • eBook ISBN 978-3-8349-6224-9
  • Edition Number 1
  • Number of Pages XXIV, 168
  • Number of Illustrations 21 b/w illustrations, 0 illustrations in colour
  • Topics Finance, general
  • Buy this book on publisher's site
Industry Sectors
Chemical Manufacturing
Finance, Business & Banking
Consumer Packaged Goods