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dc.contributor.authorHussainey, Khaled-
dc.contributor.authorSalama, Aly-
dc.description.abstractPurpose– The purpose of this paper is to explore how corporate environmental reputation (CER) affects the association between current annual stock returns and current and future annual earnings. In particular, it seeks to examine the potential usefulness of CER to investors in predicting future earnings. Design/methodology/approach– The paper uses the returns-earnings regression model introduced by Collinset examine the importance of CER for investors. It uses a sample of 889 non-financial firms listed on the London Stock Exchange from 1996 to 2004. Findings– The paper finds that firms with higher levels of CER scores exhibit higher levels of share price anticipation of earnings than firms with lower levels of CER scores. Originality/value– This paper is the first direct evidence that CER contains value-relevant information. Such information is potentially useful to investors in anticipating future earnings.en_UK
dc.publisherEmerald Group Publishing-
dc.relationHussainey K & Salama A (2010) The importance of corporate environmental reputation to investors, Journal of Applied Accounting Research, 11 (3), pp. 229-241.-
dc.rightsPublisher policy allows this work to be made available in this repository. Published in Journal of Applied Accounting Research, Vol. 11 Iss: 3, pp.229 - 241 by Emerald Group Publishing. The original publication is available at
dc.subjectCorporate social responsibilityen_UK
dc.subjectStock returnsen_UK
dc.subjectUnited Kingdomen_UK
dc.titleThe importance of corporate environmental reputation to investorsen_UK
dc.typeJournal Articleen_UK
dc.citation.jtitleJournal of Applied Accounting Research-
dc.type.statusPost-print (author final draft post-refereeing)-
dc.contributor.affiliationAccounting and Finance-
dc.contributor.affiliationDurham University-
Appears in Collections:Accounting and Finance Journal Articles

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