This study examines strategic response towards climate change mitigation by listed firms in the energy sector in Malaysia from 2010 to 2019. It also examines whether institutional pressures and attributes of the Chief Executive Officer (CEO) drive such strategic response. Using a TwoStep cluster...

Climate change and its implications for consumers and policymakers, have been discussed extensively. Adrian Renner provides a unique perspective on how stockholders react if companies move towards a carbon-conscious future. A multi-country event study approach was used to analyze stock market...

By analyzing the “30•60 Dual-Carbon Target” event in China as an exogenous shock, we conduct an empirical research using event study and difference-in-difference methods to reveal an interesting reversal phenomenon where the cumulative abnormal returns (CAR) of carbon-intensive firms first...