References of "Finance Research Letters"
     in
Bookmark and Share    
Full Text
Peer Reviewed
See detailThe capital market impact of Blackrock’s thermal coal divestment announcement
Bassen, Alexander; Kaspereit, Thomas UL; Buchholz, Daniel UL

in Finance Research Letters (in press)

This study examines how coal companies were affected by the announcement of thermal coal divestment made by Blackrock, a large institutional asset manager. Following the announcement, the largest thermal ... [more ▼]

This study examines how coal companies were affected by the announcement of thermal coal divestment made by Blackrock, a large institutional asset manager. Following the announcement, the largest thermal coal mining companies exhibited negative abnormal returns. However, the stock prices of other firms were not affected. Blackrock’s own share price increased following the announcement. We provide additional evidence that Blackrock protected its clients by lowering its exposure towards affected companies before the announcement. Overall, our results show that divestment has significant impacts on the companies in question and that the capital market sees divestment as value-enhancing for the divesting institution. [less ▲]

Detailed reference viewed: 132 (4 UL)
Full Text
Peer Reviewed
See detailCorporate social responsibility budgeting and spending during COVID–19 in Oman: A humanitarian response to the pandemic
Baatwah, Saeed Rabea; Al-Qadasi, Adel Ali; Al-Shehri, Amer Mohammed et al

in Finance Research Letters (2022)

COVID–19 is causing economic panic among people, governments, and businesses, requiring greater corporate social responsibility (CSR). Using a sample of Omani-listed firms, this study shows that CSR ... [more ▼]

COVID–19 is causing economic panic among people, governments, and businesses, requiring greater corporate social responsibility (CSR). Using a sample of Omani-listed firms, this study shows that CSR budgeting and spending have increased considerably during the pandemic. It also shows that CSR budgeting is positively affected by the increase in COVID–19 deaths. CSR spending increases with the number of COVID–19 confirmed and fatal cases. These findings suggest that firms resort to CSR to reduce the negative consequences of the pandemic. [less ▲]

Detailed reference viewed: 34 (2 UL)
Full Text
Peer Reviewed
See detailCross-border mergers and acquisitions: Evidence from the Indochina region
Wolff, Christian UL; Ekkayokkaya, Manapol

in Finance Research Letters (2017), 23

We study cross-border mergers and acquisitions (M&As) in ten countries in the Indochina region during the period 1993–2015. Countries with a French colonial history showed markedly lower levels of cross ... [more ▼]

We study cross-border mergers and acquisitions (M&As) in ten countries in the Indochina region during the period 1993–2015. Countries with a French colonial history showed markedly lower levels of cross-border M&As (value as well as volume) than other countries, whether previously colonized or not. This difference persists even after accounting for the known drivers of cross-border M&A activity, including legal origin, trade openness, and labor cost levels. Together, these findings suggest that the colonial past of a country plays an important role in cross-border M&A activity. [less ▲]

Detailed reference viewed: 118 (4 UL)