HIGHLIGHTS
- who: Truzaar Dordi and Olaf Weber from the School of Environment, Enterprise and Development (SEED), University of Waterloo have published the article: The Impact of Divestment Announcements on the Share Price of Fossil Fuel Stocks, in the Journal: (JOURNAL)
- what: The aim of this paper is to provide evidence on whether investors value divestment events, by examining the effect of divestment announcements on the stock price of the affected companies. The authors demonstrate that ethically driven investment announcements by a powerful and legitimate stakeholder that address an urgent problem, such as climate change, have impacts . . .
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