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Environmental stocks, CEO health risk and COVID-19.
Fernández-Méndez, Carlos; Pathan, Shams.
  • Fernández-Méndez C; Department of Business Administration, University of Oviedo, Spain.
  • Pathan S; School of Economics, Finance and Property, Curtin University, Australia.
Res Int Bus Finance ; 59: 101509, 2022 Jan.
Article in English | MEDLINE | ID: covidwho-1351822
ABSTRACT
During the COVID-19 pandemic, we find that Australian firms with environmentally sustainable practices generated higher abnormal returns. Firms with CEOs who were exposed to significant health risks from COVID-19 experienced poorer stock market performance. Firms with low pre-COVID default risk and high pre-COVID liquidity performed better during the COVID-19 stock market crash. This research signifies the importance of environmental sustainability for Australian firms to endure pandemics such as COVID-19.
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Full text: Available Collection: International databases Database: MEDLINE Type of study: Prognostic study Language: English Journal: Res Int Bus Finance Year: 2022 Document Type: Article Affiliation country: J.ribaf.2021.101509

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Full text: Available Collection: International databases Database: MEDLINE Type of study: Prognostic study Language: English Journal: Res Int Bus Finance Year: 2022 Document Type: Article Affiliation country: J.ribaf.2021.101509