CIRCULAR ECONOMY REPORTING AND STOCK IMPACT - ROMANIA VS. GERMANY
CIRCULAR ECONOMY REPORTING AND STOCK IMPACT - ROMANIA VS. GERMANY
Author(s): Andreea Adam (Weisner)Subject(s): Economy, National Economy, Supranational / Global Economy, Financial Markets
Published by: Editura Eurostampa
Keywords: Circular Economy; Stock Market Bucharest Stock Exchange (BVB) and Frankfurt Stock Exchange (FSE); Cumulative Abnormal Returns (CAR);
Summary/Abstract: The adoption of Circular Economy (CE) principles has encouraged businesses worldwide to integrate sustainability into their operational strategies. This research investigates how stock markets react to CE-related disclosures by publicly traded companies in Romania and Germany. By employing an event study methodology, the analysis evaluates both short-term and long-term impacts on stock prices. The results indicate that stock markets in both countries respond positively to CE disclosures, though the magnitude of the reaction varies by sector. These variations suggest that investor expectations and market conditions play a crucial role in shaping financial responses. This study adds to the existing body of knowledge on sustainable finance by demonstrating how investors in emerging and developed markets interpret CE announcements.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XXIX/2024
- Issue No: 29
- Page Range: 137-142
- Page Count: 6
- Language: English
