Becchetti, Leonardo, Ciciretti, Rocco, Hasan, Iftekhar and Licata, Gabriele La (2022) 'Environmental reputational risk, negative media attention and financial performance.' Financial Markets, Institutions and Instruments, 31 (4). pp. 123-145.
Abstract
Tracing negative media attention, this paper investigates the effect of reputational risk on firm value. Decomposing reputational damage into environmental, social and corporate-governance dimensions, it reports that environmental reputational risk has the most significant negative effect on price earnings, i.e., firms exposed to environmental risk are likely to be priced at a discount or charged a higher risk premium when discounting future earnings.
| Item Type: | Journal Article |
|---|---|
| SOAS Departments & Centres: | Departments and Subunits > School of Finance & Management |
| ISSN: | 14680416 |
| DOI (Digital Object Identifier): | https://doi.org/10.1111/fmii.12163 |
| SWORD Depositor: | JISC Publications Router |
| Date Deposited: | 19 Jul 2022 09:33 |
| URI: | https://eprints.soas.ac.uk/id/eprint/37757 |
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