Purpose Utilising a database that distinctly classifies firm-level ESG (environmental, social and governance) news sentiment as positive or negative, the authors examine information flow between two types of stock returns for 20 companies listed on Johannesburg Stock Exchange 2015 2021. Design/methodology/approach The use Shannonian transfer entropy to whether significantly flows from modified ...

Most investment treaties contain two dispute resolution clauses: one permitting investor-state arbitration for investment disputes and the other permitting state-to-state arbitration for disputes concerning the treaty’s interpretation and/or application. Despite this duality, the potential role of state-to-state arbitration, and its proper relationship with investor-state arbitration, have larg...

This paper examines the effects of firm characteristics measured by price-to-book (PB) ratio, free cash flow (FCF), and variability of daily stock return (VDR) on investor reaction in the stock market to IT investment announcements. In contrast to previous studies, which focused exclusively on whether or not IT investment announcements led to an abnormal return in the market, this study investi...

Investors pay attention to the future business prospects of investments they choose, although in investing conditions choose cannot be known with certainty. Investor's reaction is response investor itself information provided by company and can positive or negative. The purpose this study was examine effect Dividend Policy, Financial Performance Environmental on Investor Reaction manufacturing ...