Murguia, Juan; Lence, Sergio - In: Environmental & Resource Economics 60 (2015) 4, pp. 583-605
We use event study analysis to determine whether the release of Newsweek’s “Global 100 Ranking” is relevant for the market. We look at one- and two-day event windows to check two possible reactions of the market: changes in the value of an equal-weight portfolio, and changes in the...