COVID-19 Announcements and Investor Reactions on the Australian Securities Exchange

Higher expected returns for investors in the energy sector in Europe using an ESG strategy

“…The degree of abnormal returns or trading quantities, which is reflective of the usefulness in the relevant information of the releases, has been used to gauge investor reactions. The degree of activity on the stock market may reveal information about an investor's behaviour (Djajadikerta et al, 2022).…”

“…Due to the perceived importance of such information to investors' purchase or sell decisions (Holland, 2003), and especially with ethical investors expanding, firms have been interested in the publication of such non-financial information (Tschopp and Huefner, 2015). Regardless, public information like earnings releases, company acquisitions, government laws, and economic policies have been found to have a significant impact on investor decisions, culminating in the degree of activity on financial markets (Djajadikerta et al, 2022).…”

“…Changes in investor views are thought to produce price swings and large fluctuations in trading volume on the stock market. Changes in investor beliefs, on the other hand, may be influenced by emerging information, which, when perceived by investors, might have an impact on their actions (Djajadikerta et al, 2022).…”