Green Disclosure Leads to Rise in Stock Values, Study Finds
DAVIS, Calif. — Companies that are open about being green appear to see their stock values rise as a result, according to a study by University of California researchers.
UC Davis professor Paul Griffin and his co-author, Yuan Sun of UC Berkeley, tracked the stock prices of several companies around the time they issued press releases about their greenhouse gas emissions and carbon reduction strategies.
In the days after the press releases were published, the companies saw their stock prices jump significantly, Griffin and Sun found.
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