Corporate Carbon Emissions and Market Valuation of Organic and Inorganic Investments

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dc.cclicenceCC BYen
dc.contributor.authorAdamolekun, Gbenga
dc.contributor.authorNana, Abena Kwansa
dc.contributor.authorFrank, Obenpong Kwabi
dc.date.acceptance2022-10-10
dc.date.accessioned2022-11-29T15:14:59Z
dc.date.available2022-11-29T15:14:59Z
dc.date.issued2022-10-14
dc.descriptionopen access articleen
dc.description.abstractWe empirically examine the impact of a firm’s carbon emissions level on the market valuation of organic and inorganic investments. We document that the market reacts negatively to corporate investment announcements by companies with high carbon emissions levels. Further analysis indicates that the discount on market valuation is more pronounced for the set of organic investments, within which only asset acquisitions and product launches are negatively affected by the high carbon emissions level at the announcement.en
dc.funderNo external funderen
dc.identifier.citationAdamolekun, G. et al (2022) Corporate Carbon Emissions and Market Valuation of Organic and Inorganic Investments. Economics Letters, 221, 110887en
dc.identifier.doihttps://doi.org/10.1016/j.econlet.2022.110887
dc.identifier.urihttps://hdl.handle.net/2086/22335
dc.language.isoenen
dc.peerreviewedYesen
dc.publisherElsevieren
dc.researchinstituteFinance and Banking Research Group (FiBRe)en
dc.subjectCarbon Emissionsen
dc.subjectMarket Valuationen
dc.subjectOrganic Investments Announcementsen
dc.subjectInorganic Investment announcementsen
dc.titleCorporate Carbon Emissions and Market Valuation of Organic and Inorganic Investmentsen
dc.typeArticleen

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