Impacts on Market Value

Mauro Fracarolli Nunes () and Camila Lee Park ()
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Mauro Fracarolli Nunes: EDC Paris Business School
Camila Lee Park: EDC Paris Business School

Chapter 10 in Business Ethics and Environmental Fraud, 2021, pp 229-249 from Springer

Abstract: Abstract This chapter completes the discussion around the consequences of environmental fraud. Based on the results from a series of event studies, Volkswagen Dieselgate’s impact on the market value of the company is approached in more detail. Similarly, the losses caused for investors of firms that orbit the German company (e.g. suppliers, competitors) are analyzed. Beyond the objective examination of empirical data, the chapter offers a theoretical discussion around the diverse constructs connected to the theme. Among them, the notions of market value and value per se are advanced, along with various explaining factors for value loss. In addition to contributing to the literature on the causes, means, and consequences of market value fluctuations, the conceptual considerations aim to allow for the generalization of ideas to other contexts. This would include other types of environmental fraud, and its occurrence in other industries beyond the automobile one.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-73800-6_10

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DOI: 10.1007/978-3-030-73800-6_10

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