WHEN WE CONFUSE MARKET ECONOMICS AS MARKET ETHICS: EVIDENCE FROM AN EVENT STUDY

被引：0
作者：
Colwell, Scott R. [1 ]
Noseworthy, Theodore J. [2 ]
机构：
[1] Univ Guelph, Coll Management & Econ, Guelph, ON N1G 2W1, Canada
[2] Univ Western Ontario, Ivey Sch Business London, London, ON N6A 3K7, Canada
来源：
PROCEEDINGS OF THE 20TH ANNUAL MEETING OF THE INTERNATIONAL ASSOCIATION FOR BUSINESS AND SOCIETY | 2009年 / 20卷
关键词：
irresponsible behaviour; negative news; event study; STAKEHOLDER THEORY; CORPORATE;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
While evidence exists suggesting that irresponsible corporate behaviour may lead to decreased shareholder wealth (Frooman 1997), one cannot help but question the generalizability of these results when companies such as Exxon, an organization well known for its environmental problems, remains at the top of the 2006 Fortune 500 list. In this paper we show with regards to news of irresponsible behaviour, the market punishes smaller, less capitalized firms but not necessarily the very large and highly capitalized companies.
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页码：17 / 22
页数：6
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