We study the stock market reaction to announcements of global green vehicle innovation over a 14-year time span (1996 to 2009) using the event study methodology. We document that the stock market generally reacts positively to automakers' announcements of environmental innovations, consistent...

This paper gives an overview of some issues related to market valuation, focusing on the developments on the New York equity markets. The 42.4 p.c. fall in the S&P 500 price index between 24 March 2000 - when it reached its all-time high - and 31 December 2002 is situated in a very long term...