Stock price trend of selected companies applying the principles of circular economy

Jakub Horák (), Pavel Rousek () and Václav Opálka ()
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Jakub Horák: Institute of Technology and Business in České Budějovice, Czech Republic
Pavel Rousek: Institute of Technology and Business in České Budějovice, Czech Republic
Václav Opálka: Institute of Technology and Business in České Budějovice, Czech Republic

Entrepreneurship and Sustainability Issues, 2022, vol. 10, issue 2, 448-463

Abstract: This paper aims to establish whether there is a relationship between applying the circular economy (CE) principles and the stock prices of selected companies. In addition, a market capitalization change of the companies over ten years since the implementation of CE principles. Correlation analysis and comparison methods are used for this study. The results show that the application of CE principles does not adversely impact the selected companies' stock prices. This finding can help companies to determine whether they should implement these sustainability principles into their corporate cultures. Furthermore, it was established that the business development of the selected companies over the ten years since the implementation of CE principles had been positive for all studied entities but varied considerably. However, it needs to be clarified whether the application of CE principles is responsible for this positive trend. It would be useful to extend this research with further studies.

Keywords: stock; stock price; circular economy (CE); market capitalization; trend/development (search for similar items in EconPapers)
JEL-codes: M21 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:10:y:2022:i:2:p:448-463

DOI: 10.9770/jesi.2022.10.2(28)

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