The cost of transparency
This paper examines stock market reactions of affected firms to the introduction of the Extractive Sector Transparency Measures Act, ESTMA. Using publicly available stock return data on Canadian listed mining firms and oil and gas producers an event study is employed to assess how the stock market r...
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| Format: | Second cycle, A2E |
| Language: | Swedish Inglés |
| Published: |
2018
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| Online Access: | https://stud.epsilon.slu.se/13603/ |
| _version_ | 1855572274020614144 |
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| author | Linder, Eric |
| author_browse | Linder, Eric |
| author_facet | Linder, Eric |
| author_sort | Linder, Eric |
| collection | Epsilon Archive for Student Projects |
| description | This paper examines stock market reactions of affected firms to the introduction of the Extractive Sector Transparency Measures Act, ESTMA. Using publicly available stock return data on Canadian listed mining firms and oil and gas producers an event study is employed to assess how the stock market reacted to the key events in leading up to the enactment of the Act. ESTMA mandates extractive firms listed on Canadian stock exchange to disclose payments made to governments regarding exploration of oil, natural gas, and minerals. The evidence suggests no systematic negative impact on affected firms’ stock returns surrounding the analysed events. |
| format | Second cycle, A2E |
| id | RepoSLU13603 |
| institution | Swedish University of Agricultural Sciences |
| language | Swedish Inglés |
| publishDate | 2018 |
| publishDateSort | 2018 |
| record_format | eprints |
| spelling | RepoSLU136032019-02-25T13:23:57Z https://stud.epsilon.slu.se/13603/ The cost of transparency Linder, Eric Economics and management This paper examines stock market reactions of affected firms to the introduction of the Extractive Sector Transparency Measures Act, ESTMA. Using publicly available stock return data on Canadian listed mining firms and oil and gas producers an event study is employed to assess how the stock market reacted to the key events in leading up to the enactment of the Act. ESTMA mandates extractive firms listed on Canadian stock exchange to disclose payments made to governments regarding exploration of oil, natural gas, and minerals. The evidence suggests no systematic negative impact on affected firms’ stock returns surrounding the analysed events. 2018-07-11 Second cycle, A2E NonPeerReviewed application/pdf sv https://stud.epsilon.slu.se/13603/7/Linder_E_180711_pdf.pdf Linder, Eric, 2018. The cost of transparency : stock market reactions to the introduction of the extractive sector transparency measures act. Second cycle, A2E. Uppsala: (NL, NJ) > Dept. of Economics <https://stud.epsilon.slu.se/view/divisions/OID-510.html> urn:nbn:se:slu:epsilon-s-9641 eng |
| spellingShingle | Economics and management Linder, Eric The cost of transparency |
| title | The cost of transparency |
| title_full | The cost of transparency |
| title_fullStr | The cost of transparency |
| title_full_unstemmed | The cost of transparency |
| title_short | The cost of transparency |
| title_sort | cost of transparency |
| topic | Economics and management |
| url | https://stud.epsilon.slu.se/13603/ https://stud.epsilon.slu.se/13603/ |