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Lookup NU author(s): Dr Shams PathanORCiD
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© 2021. During the COVID-19 pandemic, we find that Australian firms with environmentally sustainable practices generated higher abnormal returns. Firms with CEOs who were exposed to significant health risks from COVID-19 experienced poorer stock market performance. Firms with low pre-COVID default risk and high pre-COVID liquidity performed better during the COVID-19 stock market crash. This research signifies the importance of environmental sustainability for Australian firms to endure pandemics such as COVID-19.
Author(s): Fernandez-Mendez C, Pathan S
Publication type: Article
Publication status: Published
Journal: Research in International Business and Finance
Year: 2022
Volume: 59
Print publication date: 01/01/2022
Online publication date: 11/08/2021
Acceptance date: 07/08/2021
ISSN (print): 0275-5319
ISSN (electronic): 1878-3384
Publisher: Elsevier Inc.
URL: https://doi.org/10.1016/j.ribaf.2021.101509
DOI: 10.1016/j.ribaf.2021.101509
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