02893ntm a22005057i 4500 000715097 CZ-PrVSE 20240623000300.0 m d cr n|||||||||| 240622s2024 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Kastner, Miriam Josephine ISIS:170100 dis NA eng The impact of ESG regulatory announcements on stock returns : An event study of European Firms across different industries Miriam Josephine Kastner 2024 ?? stran : digital, PDF soubor Vedoucí práce: Ladislav Tyll Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta podnikohospodářská, 2024 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2024 This thesis applies event study methodology to explore the impact of ESG legislation concerning stock prices in the European Union using the Non-Financial Reporting Directive (NFRD) of 2014 as example. It considers two different events, the news on the publishing of the directive, April 15, 2014, and the actual publishing date, October 22, 2014. The study evaluates differences in stock price reactions around both dates. The dataset encompasses 203 companies across 17 EU countries. These companies represent 21 sectors and have actual MSCI ESG scores between AAA and B. To calculate abnormal returns, both the market-adjusted model and market model according to (Brown & Warner, 1985) are applied. Overall results show positive investor reaction post legislation announcement. However, on a more granular level mixed reactions were noticeable varying by country, sector and MSCI ESG score. Způsob přístupu: Internet international management [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Event Study NFRD ESG Legislation Tyll, Ladislav xx0115948 ths Bruder Badie, Natálie ISIS:94125 opn Vysoká škola ekonomická v Praze. Podnikohospodářská fakulta kn20010709402 dgg https://insis.vse.cz/zp/86719/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/86719 Hlavní práce https://insis.vse.cz/zp/86719/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/86719/posudek/oponent/82948 Oponentura https://insis.vse.cz/zp/86719/priloha/28951 Přiloha k práci https://insis.vse.cz/zp/86719/podrobnosti dc:identifier NEPOSILAT VSKP vse86719 240618 86719