The Rewards for Environmental Conscientiousness in the U . S . Capital Markets

@inproceedings{Yamashita1999TheRF,
  title={The Rewards for Environmental Conscientiousness in the U . S . Capital Markets},
  author={Miwaka Yamashita and Swapan Sen and Mark C. Roberts},
  year={1999}
}
Do capital markets reward companies for their environmental policies, goals and activities or their efforts at reducing the release of toxic substances? This paper examines the relationship between environmental conscientiousness scores and stock returns. It appears that the US capital markets have only weakly rewarded environmentally conscientious companies. However, companies with the worst environmental conscientiousness scores have shown lower average performance. 

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