Summary This paper analyzes the effect of the 2002 German federal elections to the Lower House of Parliament (Bundestag) on the financial performance of German energy corporations.We consider the last minute victory of the government coalition consisting of Social Democrats and the Green party...

Purpose – This paper aims to investigate the potential relationship between the stock market announcement of a brand's buy and sell agreement, and the stock price trend. Design/methodology/approach – The research question was approached using a GARCH‐based statistical analysis on a sample...

Purpose – The purpose of this paper is to assess the performance of a contrarian investment strategy focusing on frequently traded large-cap US stocks. Previous criticisms that losers’ gains are not due to overreaction but due to their tendency to be thinly traded and smaller-sized firms...

Purpose This paper aims to provide a comprehensive analysis of whether stock returns in Europe are best characterized by country-specific or Europe-wide versions of widely used factor models. Design/methodology/approach To estimate the cost of equity in Europe, both region-wide and nationally,...

Purpose This paper aims to empirically examine the performance of the high-ESG (environment, social and governance) portfolio vis-à-vis the low-ESG portfolio at the Indian stock market before and during the Covid19 pandemic. Design/methodology/approach The absolute rate of return and several...

Purpose – Industries differ in their environmental impacts, such as emissions, water and energy use, fuel consumption and hazardous wastes, which will have implications for how environmental performance translates to operating performance and market value at company level. By incorporating...

Purpose – The objective of this article is to explore the relationship between corporate social performance (CSP) and corporate financial performance (CFP) of firms in Taiwan, as the empirical evidence of Taiwan firms is scarce. Design/methodology/approach – This paper studies the empirical...

Purpose – The purpose of this study is to investigate whether the descriptive, instrumental, and strategic approaches to corporate social responsibility (CSR) are related to corporate performance (CP) and to determine the nature of this relationship, if any. Design/methodology/approach –...

Purpose – Although the relationship between corporate social responsibility (CSR) and financial performance has become a hot topic of the Western management community after several decades of arguments, there is still little empirical literature about the relationship between Chinese...

Purpose – The purpose of this paper is to examine whether portfolios comprising high‐ranked corporate social performance (CSP) firms out/underperform portfolios comprised of low‐ranked CSP firms. The authors employed a US sample covering the period 1998‐2007. Design/methodology/approach...