... a positive ESG–return relationship, our findings reveal no significant association between ESG scores and abnormal returns across all markets, underscoring the influence of local market structures, sectoral composition, and investor behavior. Nevi Danila can be contacted at: ndanila@psu.edu.sa...

... announcement timing decision. H1. There is no difference in the abnormal returns of firms that announce the results during trading hours and after trading hours. Furthermore, even if the cost-benefit ratio between the choice of the earnings announcement timing and the probability...