leadership1 publisher
A Wharton paper prices the gap between what firms do on the environment and what they say
The working paper puts one standard deviation of greenhushing at 2.29 percentage points of three-month abnormal return, about $238m for its average firm, with conduct measured by third-party sentiment rather than an audit.
Publishers:knowledge.wharton.upenn.edu
Reality
- Evidence52
- Adoption
- Insufficient
- Hype gap+16
- Incentives63
- Confidence44