‘Green’ Disclosures Bump Up Stock Prices
This article reports on Paul Griffin’s recent study “Going Green: Market Reaction to CSR Newswire Releases” in which he found that share prices went up for companies that reported their greenhouse emissions reduction strategies.
“Companies should not be as reluctant as they have been to provide this information because we show that it can be shareholder-positive,” said Griffin. “Our message is that it pays to be green.”
