My colleague and coauthor submitted our paper to the Academy of Management Conference yesterday. The conference will be held in San Antonio in August. I am not really interested in going to San Antonio. I have been there and after living in Texas for two years I do not ever want to go back.
The paper is however, pretty interesting. We wanted to look at whether environmental management reputation impacted stock price. We took the Newsweek Green Rankings list of the 500 largest US companies and determined if being on that list increased or decreased stock price. The results showed that for the 30 days following the press release stock price was impacted. The top 100 firms (with positive reputations) experienced a significant increase in stock price while the bottom 100 (with low scores) experienced a decrease in stock price. I am generalizing the results however, the overall picture is accurate.
We are going to send it out to a journal next. Hopefully it will be accepted at the conference and my colleague will present it and then it will be published in a journal!
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