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Analyse des Einflusses nationaler Nachhaltigkeits-Regelungen auf den Unternehmenswert

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  • Rößle, Florian

Abstract

Das Ziel der vorliegenden Bachelorarbeit war es zu analysieren, ob es einen messbaren Einfluss auf den Wert börsennotierter Unternehmen gibt, wenn Nationen Gesetze zugunsten der Nachhaltigkeit erlassen. Dafür wurden die wichtigsten Nachhaltigkeits-Regelungen der Länder Dänemark, Frankreich und Deutschland zu verschiedenen Zeitpunkten der Gesetzgebungsverfahren betrachtet und analysiert. Um den Einfluss solcher Ereignisse auf den Wert von börsennotierten Unternehmen messbar zu machen wurde die Methodik der Event Study verwendet. Die Unternehmenswerte wurden über die Veränderung der Aktienrenditen an den Kapitalmärkten mit Hilfe der statistischen Verfahren des Marktmodells und des Fama-French Dreifaktorenmodells geschätzt.

Suggested Citation

  • Rößle, Florian, 2020. "Analyse des Einflusses nationaler Nachhaltigkeits-Regelungen auf den Unternehmenswert," Junior Management Science (JUMS), Junior Management Science e. V., vol. 5(2), pages 209-222.
    • Handle: RePEc:zbw:jumsac:294928
    DOI: 10.5282/jums/v5i2pp209-222
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