Ernst, Ekkehard; Feist, Lisa - In: Intereconomics : review of European economic policy 59 (2024) 3, pp. 125-131
This paper examines the effect of the anti-ESG regulations approved in 18 states from 2021 to 2023. Focusing on the fuel energy sector, we find that the regulatory intervention leads to 0.8 % to 3.5 % cumulative abnormal stock returns (CARs) around the regulation approval dates. The market...