Ziegler, Andreas; Schröder, Michael; Rennings, Klaus - In: Environmental & Resource Economics 37 (2007) 4, pp. 661-680
This paper examines the effect of sustainability performance of European corporations on their stock performance … the stock performance. As a by-product, the econometric analysis implies that some results of Fama and French (1993, 1996 … result is that the average environmental performance of the industry has a significantly positive influence on the stock …